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Daily Archives: March 16, 2009

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Paying Farmers In China “Cash Back” Deals To Buy Cars

Posted: March 16, 2009 at 5:14 am

China has come up with another economic stimulus idea worthy or emulation by the US. The central government in the world's most populous nation will give farmers a credit if ...
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Bernanke’s Trouble Forecasting The Future

Posted: March 16, 2009 at 4:52 am

"It now appears likely that real gross domestic product (GDP) will not grow much, if at all, over the first half of 2008 and could even contract slightly. We expect ...
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AIG (AIG) Bailout And The Price Of Doing Business

Posted: March 16, 2009 at 4:26 am

One of the things that Congress and the Administration knows but do not want to admit in public is that bailouts are messy affairs where most of what is planned ...
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OPEC’s Enigma

Posted: March 16, 2009 at 3:57 am

OPEC elected to continue production at its current level, at least until May. The announcement was an unexpected result of the cartel’s meeting in Vienna. There was no consensus among ...
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Selling The Washington Monument

Posted: March 16, 2009 at 3:53 am

China’s premier made some pointed remarks about the US economy and  its appetite for increasing the national deficit in order to save the American way of life.  The fallout from ...
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Media Digest 3/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 16, 2009 at 2:53 am

According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is causing rage among people already concerned about the bailout. Reuters ...
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Asia Markets 3/16/2009

Posted: March 16, 2009 at 2:13 am

Markets in Asia were moderately higher. The Nikkei rose 1.8% to 7,704. The Hang Seng was up 1.7% to 12,743. The Shanghai Composite rose 1.2% to 2,153. Data from Reuters. ...
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