Something is amiss…

Compare the results of FDR’s New Deal, the prime example of Keynesian policy, to the results of Reaganomics, the US economic policy during Ronald Reagan’s administration. The former produced the Great Depression; the latter produced the gre…

Nancy Pelosi has stated that she’s open to a second stimulus.
Aside from Warren Buffet, who exactly will be surprised by this news?
In the eyes of Sen. Pelosi her money is her money, your money is her money and my money is her money.
“Libe…

As long as they keep fighting and do not surrender like McCain and Shelby, there will be no depression.

getalife on March 10, 2009 at 3:56 PM

As short a time ago as February, the Ministry of Plenty had issued a promise (a ‘categorical pledge’ were the official words) that there would be no reduction of the chocolate ration during 1984. Actually, as getalife was aware, the chocolate ration was to be reduced from thirty grammes to twenty at the end of the present week. All that was needed was to substitute for the original promise a warning that it would probably be necessary to reduce the ration at some time in April.

http://truthandcons.blogspot.com/

http://www.worldviewradio.com/episode.php?EpisodeID=10958

B. Hussein Obama, Cloward Piven President.

Mike Honcho on March 10, 2009 at 4:48 PM

I am in agreement with you. It certainly has the feel of a classic “pump-and-dump” scheme, with the exception that the “pump” is coming directly from the CEO. Makes me wonder how coerced the statement was. I can’t recall ever seeing a statement like this being released about a company’s financial performance prior to the filing of their financial statements. I have seen earnings calls that occur before filing, but those have been after the quarter (or year) end and just prior to the filing of the 10-Q or 10-K. Maybe it happens and I’ve missed it. I just don’t recall this type of information being released in this manner.

Regarding the CDS matter, is there any information on who owns a majority of these instruments (foreign vs. domestic)? I believe part of the issue is that this was a largely unregulated market, so no data truly exists which is a little disconcerting to say the least. Do you have any insightful, preferrably plain-english, links regarding CDS instruments?

“shake-and-bake”

Shelby and McCain cowered to Hoover thinking.

getalife on March 10, 2009 at 3:56 PM

Which Hoover thinking does Obama disagree with?

A. Jacking up taxes to “get exploding deficits under control” v. reducing spending (aside from defense)

B. Taking capital out of the markets via top marginal rates and raising the cap gains tax

C. Hoot Smawley type protectionist policies that start trade wars

D. None of the above.

I’m not going to be standing by any fans for the next few years.

In fairness to Microsoft, the H1B market is more refined than the general American market. I can understand why they made the cuts where they did.

American gubmint education spawns technology dumbasses…

From what I can tell a lot of the H1B jobs are paid below the prevailing US wages – so it’s a savings for Microsoft to hire them. Many of the jobs filled by H1B people are not even advertised here.

I heard Citi is run by a guy named Bandit. No wonder they need money.

faraway on March 10, 2009 at 4:03 PM

Always wondered what became of Jonny Quest’s dog…

I’m confused. The first stimulus, we were assured, “created or saved” three million jobs.

It’s called BUYING VOTES.

Keep the natives happy, and they won’t complain. Keep telling them what you want them to hear (via the lamestream media), and they’ll believe you.

Just remember this: Before his head fell off, Louis XIV said “the kingdom. It is I”.

Let’s not put the cart before the horse just yet. Stocks appear to be surging on “news” that Citi is turning a profit in the first quarter. However, the quarter isn’t over yet. Additionally, the “profit” is before taxes or any one-time expense items to be recorded, such as the $9.6 billion goodwill impairment charge Citi recorded at year-end. First quarter financial results will not be provided until early May. By the time this reporting occurs, then profit in the first two months of the year could turn into a loss.

Today’s market surge, which was fueled by the Citbank news, strikes me as a classic suckers rally.

Let’s see, Republican Senator Richard Shelby makes the rounds on the Sunday talk show circuit floating the idea that the herd of troubled banks may need to be thinned. Today, lo and behold, Citibank leaks a memo that claims that they have posted a “profit” for two months this quarter. Nowhere is Citibank’s current or potential exposure to CDS mentioned. Hell, Citibank’s current exposure alone outstrips its $108 billion in reserves.