Archive for January 15th, 2009

Why Did The Fed Approve This?

I have really tried to maintain a level head over the past 3 months, 4 months, who knows. But the crap that just came out tonight is beyond belief. Without further ado, here is what’s up on the WSJ Real Time Economics site tonight. (Note that both of these moves were done today which was […]

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever. Oh, they’re lining up all right but the majority of their loan requests are getting turned down. The WSJ has the details, here is an excerpt: While the low rates haven’t caused a […]

Dynamic Scoring Gets Legitimacy

All of a sudden the concept of dynamic scoring isn’t being demonized. In fact, it’s actually become something of the darling of the liberal economic set. If you aren’t familiar with the term-and kudos to you if you find better things to do with your time than think about this sort of thing-it refers to […]

A First Look At The Economic Stimulus Plan

Jake at has, as usual, a good graph depicting the allocation of the fiscal stimulus under the proposal that was just released. I haven’t read it so I have to reserve comments until I do so. Here is a link to the summary from the House Appropriations Committee. I will, however, make one remark. Below is the […]

What Do The Economists Know For Sure?

Tell me once again why we let these people design our economic policy. Amity Shales has a new post up that discusses the New Deal and the Great Depression. Actually, she doesn’t really discuss that subject rather she talks about whether or not economists agree on the impact of the New Deal in helping to turn […]

Morning Financial News

Here is a quick trip through the major news this morning with some links. The ECB cut its main interest rate by 0.5% to 2.0%. The statement accompanying the rate was typical central bank speak. In a nutshell, things are not looking too good. The four week moving average of unemployment claims was 4.498 million, […]

Quote Of The Day

What the collective age wants, allows and approves, is the collective holiday from the self.                                                                       Thomas Mann