CBO: Stimulus Package Boosted the Economy
Posted in Main Blog (All Posts) on August 26th, 2010 4:31 am by HL
CBO: Stimulus Package Boosted the Economy
Rep. Boyd Narrowly Beats Primary Challenger
Bond Market Bulls Thumb Their Noses At Gross
David Pauly, Bloomberg
Five months ago Bill Gross, who runs the world's biggest mutual fund at Pacific Investment Management Co., declared that the 30-year bull market in fixed-income securities was over.Nobody questioned him. After all, Gross's Pimco Total Return Fund has been successful enough to attract $239 billion.No one paid much attention either.
Why Businesses Aren’t Hiring
John Stossel, RealClearPolitics
“Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they've yet to amp up hiring or make major investments.” So writes The Washington Post about the recession's stubborn refusal to go away. The statisticians at the National Bureau of Economic Research declared the Great Recession over — but tell that to people who can't find jobs. Today, businesses replace equipment and inventory, but they are reluctant to hire new workers. Investment that does occur aims at replacing the use of labor by adopting advanced technology. In a…
