Spending “only” $3.55 trillion is considered to be fiscally responsible? President Obama inherited a more than $1 trillion deficit from the idiot George Bush, but he’s tacked on more than his fair share already. The current estimate of the deficit is now up to $1.75 trillion for fiscal year 2009, which started on Oct 1st, [...]
Filed under: Economy, Political | Tagged: budget, Bush, deficit, government spending, Obama | Leave a Comment »
The housing market is bad. And it’s getting worse. A report on CNN today says: Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008. The company, a crucial source of funding for mortgage lenders, [...]
Filed under: Economy, Political | Tagged: bail out, bailout, Fannie Mae | Leave a Comment »
You’d think that the “experts” would eventually learn, but when I scan the news lately, almost everyone and their brother is calling this the bottom of the bear market. If they’re not outright calling a bottom, they’re saying “near the bottom” or something similar. Just today I ran across these stories saying that we’re at [...]
Filed under: Economy | Tagged: bottom, earnings, market bottom, P/E ratio, S&P 500, Stock Market, Stocks | Leave a Comment »
