Why the Stock Markets Are Losing Hope
Posted in Main Blog (All Posts) on September 8th, 2011 4:31 am by HL
Why the Stock Markets Are Losing Hope
Charles Gasparino, New York Post
There was once a time when trouble in foreign markets, whether in Asia or as now in Europe, would be good for US stocks.Sure, our markets can get hammered when news like the 1997 Asian currency crisis hits. But we often make a comeback as investors digest the news and come to the conclusion that the best place to bet for future growth is on the companies at the heart of the US economy.
Obama’s Biggest Challenge Thursday
Brian Beutler, Talking Points Memo
Barack Obama will face a daunting challenge Thursday evening when he attempts to focus the government's attention away from consolidating the federal budget, and back on to immediate job creation. Here's a partial list of hurdles: Republicans oppose all new spending, unless it's offset by cuts to key federal programs; they oppose most of the specific spending measures that experts say would create jobs; many Democrats, scared of their own shadows, won't support anything that doesn't have bipartisan support; the public has soured on Keynesian spending policies, and…
Why Aren’t the Keynesian Stimuli Working?
Nick Gillespie, Reason
In The Washington Times, businessman Mike Whalen (who's associated the free-market think tank NCPA) writes up an interesting take on why various federal stimulus program have tanked like the Titanic(while causing few ripples on the way down).His points are worth thinking about.
Perry, Romney Trade Strong Blows at Debate
Zeleny & Nagourney, NYT
SIMI VALLEY, Calif. — The fight for the Republican presidential nomination began narrowing into an intense and ideological battle at a debate here Wednesday night, with Gov. Rick Perry of Texas and Mitt Romney sharply clashing over Social Security, health care and each other’s long-term prospect against President Obama. The latest on President Obama, the new Congress and other news from Washington and around the nation. Join the discussion.The candidates, in the final moment before the debate began. More Photos » A series of…