Posted on March 31, 2009 by dakinikat
The antithesis to market capitalism is monopoly. High market concentration has been historically a reason to use the US Justice Department to trust bust. We’ve had laws on the books since the late 19th century. The last real monopoly challenge was during the Clinton administration that took on Microsoft and its software bundling practices. [...]
Filed under: Equity Markets, Team Obama, U.S. Economy | Tagged: bank asset size cap, bank bailout, Felix Salmon, Geithner bank bail out, Kwak, Too big to fail banks | 2 Comments »
Posted on March 30, 2009 by dakinikat
Grab the popcorn for the start of the G20 London Summit beginning April 2nd. This will be an important meeting because it serves as a test of the resolve of the major nations’ commitment to both global development and trade. It will also be a test for new US President Barrack Obama and his administration. [...]
Filed under: Global Financial Crisis, Team Obama, president teleprompter jesus | Tagged: G20 summit | Leave a Comment »
Posted on March 27, 2009 by dakinikat
All last year, ALL I heard was how experience didn’t matter. I heard that being ‘ready on day one’ was a meaningless campaign slogan. I was told that what mattered was perceived good judgment, intelligence, and speaking skills. I remember watching the first Democratic Debates and thinking, this guy isn’t ready to be dogcatcher, let [...]
Filed under: A My Pet Goat Moment, Global Financial Crisis, Hillary Clinton: Her Campaign for All of Us, No Obama, PUMA, Team Obama, U.S. Economy, Voter Ignorance, president teleprompter jesus | Tagged: Hillary Clinton, Obama Crisis of Confidence, Obama flunking economics, Obama incompetence, Op Ed criticism | 10 Comments »
Posted on March 26, 2009 by dakinikat
While the equity markets are reacting positively to whatever bit of good news they can grab, economists are eying the market for government bonds. The United States and the United Kingdom have huge deficit driven budgets and stimulus plans that are testing the willingness of their creditors. The US is skating on the thin ice. [...]
Filed under: Equity Markets, Global Financial Crisis, U.S. Economy | Tagged: Bond Auctions, FED, quantitative easing, UK Auctions, US Treasury bonds | Leave a Comment »
Posted on March 25, 2009 by dakinikat
I woke up from nap with this thread writing itself. This happens frequently to me when when I’m trying to reconcile ideas that look separate and unconnected but I know intuitively that isn’t true. I just haven’t found the way to make the connection. This latest dream tapestry came from what seems like three distinct [...]
Filed under: Populism, U.S. Economy | Tagged: Adam Smith, Che, government is the problem, government is the solution, Huey Long, Market Failure, Monopoly, Perfect Competion, Populism, Ronald Reagan | 4 Comments »
Posted on March 23, 2009 by dakinikat
While the Right Wing is off having tea parties and screaming class war, there appears to be some legitimate soul searching going on in left Blogistan about our “punch drunk” POTUS and his continual campaign like appearances. A lot of the discussion is focused on his dogged support of Turbo Tax Timmy and his bailout [...]
Filed under: Equity Markets, Global Financial Crisis, Main Stream Media, Team Obama, U.S. Economy, president teleprompter jesus | Tagged: bailout, Change When?, Obama, SouthPark, TARP, Timothy Geithner | 4 Comments »
Posted on March 22, 2009 by dakinikat
Somebody must have a lot of time on their hands to write a song called “Hey, Paul Krugman” but still, if the angsty, artsy fartsy creative class that foisted this POTUS on us is finally waking up, then Twitter me when the Revolution comes. I’ve even read the orange cheeto place [...]
Filed under: Uncategorized | Tagged: AIG, bail out, Fraud, Geithner, Obama, Summers, TARP, Wealth Transfers, zombie banks | 11 Comments »
Posted on March 21, 2009 by dakinikat
Well, the Obama administration has decided to take the Zombie route which is something I’ve repeatedly argued against. But why just take my word for it? Let’s start with Nobel prize winning economist Paul Krugman reporting on his NY Times blog today in a thread aptly titled Despair over Financial Policy.
The Geithner plan has now [...]
Filed under: Global Financial Crisis | Tagged: AIG, Anna Schwartz, Dean Banker, Financial Bailout, Geithner, impeach president Obama, James Galbraith, joseph stiglitz, Krugman, Paul Craig Roberts, zombie banks | 5 Comments »
Posted on March 20, 2009 by dakinikat
This economy has clearly shown that the lifestyle of most middle and working class Americans is precarious. Many Americans now admit they could cover their bills for at best two months if the pink slip arrived in their paycheck. More and more people are dipping into their savings and credit to pay for food, gas, [...]
Filed under: Equity Markets, Global Financial Crisis, U.S. Economy | Tagged: less consumerism, live smaller, lower consumer demand, recession and job less lower lifestyle in US, the new american lifestyle | 6 Comments »
Posted on March 19, 2009 by dakinikat
I’ve had a couple of request to talk about how the Fed creates money and what happens if it over expands the money supply so that’s the topic of this post. Yesterday, the monetary policy authority of the Fed, the Federal Open Market Committee (FOMC) announced an injection of $1 Trillion. It is doing so [...]
Filed under: Equity Markets, Global Financial Crisis, U.S. Economy | Tagged: Fed Policy, FOMC, Helicopter Ben, monetary policy, quantitative easing | 2 Comments »