America's Economic Future – A Discussion By Ted Kavadas
I Warren Buffett’s July 9th interview on CNBC http://www.cnbc.com/id/31836625/ to be interesting, especially when he says: “And it’s very important the economy gets, comes back. It will come back. Government has less influence on how fast that happens than a lot of people would like to hope that it would. But government is a player, …
I found the following article to be of interest. It is titled “New Evidence on the Foreclosure Crisis” and is found in The Wall Street Journal, p A13, July 3-5, at this link: http://online.wsj.com/article/SB124657539489189043.html While I can’t verify his analysis, the article is worth reading. I don’t agree with all of his conclusions, especially his remark that …
Two things that seem especially noticeable when driving around the Chicago metro area are the amount of retail vacancies, and the poor physical conditions of the roads. Both are very visible testaments to this period of economic hardship. Of course, it varies by location, but to generalize there is a lot of vacant retail space. It …
I found this story in The Washington Post, from June 11, to be rather interesting: “Lawmakers Invested in Bailed-Out Firms” : http://www.washingtonpost.com/wp-dyn/content/article/2009/06/10/AR2009061002565.html?wpisrc=newsletter I would have assumed there are rules that expressly prohibit such a conflict of interest. If not, perhaps a recusal would be appropriate? SPX at 918.90 as this post is written
I found this Warren Buffett interview to be interesting, particularly when he says this: BECKY: The last time we sat down to talk to you was on May 4, and at that point you told us that you think we’re in an economic war right now. How much progress do you think we’ve made …
I would like to call attention to an article written a few months ago by Scott S. Powell titled “‘The Road to Sefdom’ – Revisited.” Although I don’t entirely agree with all of its points, it presents several themes and points that I believe to be very important and worthy of serious contemplation. Here is the …
Ever since the Economic Crisis began, there has been one facet that has been very under-recognized – that many long-held assumptions have proven incorrect. There are many of these assumptions, but I will list a few. The “fallout” from these assumptions proving incorrect has been widespread and very damaging: Real estate (particularly residential) always goes up. …
I found the following interview to be of interest. Pete Peterson certainly has an interesting background: http://www.chicagobooth.edu/magazine/31/2/peterson.aspx Of particular note was a quote from the article: “We now have political system where, unlike what the founders of the country had in mind, politicians consider the position a career and don’t want to lose their jobs. …
I find it interesting that the term “Green Shoots” seems to have been eradicated in any official government comments regarding the economy. I am not sure why this is so, as the term itself seems rather innocuous. There must be a reason for its demise, however… SPX at 907.07 as this post is written
I get the feeling that many people believe that we will get many opportunities to resolve The Financial Crisis and the associated economic difficulties now present. In other words, should the already enacted interventions, stimulus plans, bailouts, etc. not work, we as a nation won’t be limited in our number of potential efforts and will …