Especially during the first 50 days of his presidency, President Barack Obama has taken a lot of criticism from me and other conservatives about his gloomy outlook on things. If, however, a new study is on target — and I’m going to hate myself for writing this — being gloomy all the time might mean [...]
Study: Optimist Thinking Can Harm Markets
March 11th, 2009 · No Comments
Tags: · Barack Obama, contagion of wishful thinking in markets, cornell university, financial markets, investments, investors, ithaca, management science, mccombs school of business, Obama, optimism, optimistic investments, optimistic thinking, president barack obama, stock values, the university of texas at austin, university of texas
Is Big Three Bailout Plan Another ‘Ponzi’ Scheme?
December 15th, 2008 · No Comments
It’s understandable if some Americans find themselves confused as they try to understand the financial headlines making news this morning: An enormous “Ponzi” scheme, allegedly perpetrated by a long-trusted Wall Street legend and former chairman of the NASDAQ, continues to make headlines since becoming public four days ago. Other news articles focus on the possibility [...]
Tags: · aig, andrew m. grossman, automakers, bailout scheme, banks, bear stearns, bernard l. madoff, bernard madoff, big three, big three automakers, big three bail out, big three bailout, big three bailout plan, bridge loan, bridge loan to nowhere, Bush, Bush Administration, car companies, charitable organizations, citigroup, Congress, detroit, fannie mae, financial markets, Financial Times, freddie mac, hedge funds, Heritage Foundation, individual investors, investment fraud, joseph stiglitz, madoff, nasdaq, Nobel Prize, ponzi, ponzi scheme, President George W. Bush, rob peter to pay paul, sec, securities and exchange commission, tarp, treasury department, troubled asset relief program, u.s. auto industry, Wall Street, Wall Street Journal
Obama Tops List of Bought-and-Paid-For Politicians
September 25th, 2008 · 3 Comments
Who received the most money from Wall Street executives (i.e., the folks Barack Obama referred to in a recent speech as the ones “who got us into this mess”)? According to one report, Obama tops the list of politicians who’ve been bought and paid for by the same folks responsible for the recent collapse of [...]
Tags: · Atlas Shrugs, Barack Obama, charlie rangel, Christopher Dodd, Dick Durbin, financial markets, Hillary Clinton, Joe Biden, John McCain, Members of Congress, money to congress, Obama, open secrets, pam geller, Politicians, rahm emanuel, securities and investment: money to congress, top 20 members of congress, Wall Street, wall street executives
Treasury Secretary Addresses Crisis in Markets
September 19th, 2008 · 4 Comments
Offering the basis for what might one day become a reality television show, Treasury Secretary Henry M. Paulson Jr. delivered “Extreme Makeover: Financial Markets Edition,” the name I apply to the statement he delivered in Washington, D.C., this morning: “Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy [...]
Tags: · aig, american international group, Ben Bernanke, chris cox, Congress, Economy, Extreme Makeover, extreme makeover: financial markets edition, fannie mae, Federal Reserve, federal reserve chairman, financial markets, financial security, financial system, freddie mac, illiquid assets, lehman, lehman brothers, money market, mortgage assets, mortgage-backed securities, mutual fund, paulson statement, sec, sec chairman, talk like a pirate day, taxpayers, treasury secretary, treasury secretary paulson
Soaring Food Prices Could Lead to Social Unrest
April 3rd, 2008 · 1 Comment
The words below should hit home with anyone who’s made a trip to the supermarket recently: “As financial markets have tumbled, food prices have soared. Since 2005, the prices of staples have jumped 80 percent. Last month, the real price of rice hit a 19-year high; the real price of wheat rose to a 28-year [...]
Tags: · Bob McCarty, center for global development, cnsnews, Energy, energy prices, Farmers, financial markets, Food and Drink, food prices, price of rice, price of wheat, rice, robert zoellick, Soaring Food Prices Could Lead to Social Unrest, social unrest, supermarket, Washington, wheat, world bank, world bank group
