Archive - Nov 2, 2009 - Blog entry
Stimulus Creates 640,000 Jobs: A Big Lie
Submitted by Econophile on 11/02/2009 17:19 -0500The Obama Administration knows it didn't "create or save" 640,000 jobs but they use the Big Lie to justify the huge waste of taxpayer dollars through the $787 billion American Reinvestment and Recovery Act of 2009. They are desperate to justify the huge expenditure of taxpayer money. A day before they announced the 640,000 report, two AP reporters looked into the data of a previous report and found massive errors in reporting "created or saved" jobs.
China: Caution May Be Warranted | Japan: Real Troubles
Submitted by George Washington on 11/02/2009 15:03 -0500China: Be cautious
Japan: Uh-oh ...
We Can't Even BEGIN to Debate Keynesian Stimulus Until We Know the Facts
Submitted by George Washington on 11/02/2009 12:56 -0500Failure to investigate and prosecute those responsible for bringing about the crisis may extend the crisis longer than any failure to spend more on stimulus...
FCX: Inflationary Goldmine or Deflationary Pyrite?
Submitted by Fibozachi on 11/02/2009 00:46 -0500We thought it is as good a time as ever to turn our attention back towards the hedge fund hot potato that is Freeport-McMoRan (FCX). Unfortunately, for longs, the technical picture appears to be rapidly deteriorating, developing an increasingly bearish profile ... this powder keg becomes especially apparent when viewed alongside an extremely high institutional sponsorship ratio of 79.8% ...
