Daily Investment Interpretations

August 28, 2010

2010-8-28:  I was wrong about Nouriel Roubini. I found a video clip of the interview with Dr. Roubini: Chances of Double Dip Now Over 40%: Roubini. His prediction of a GDP that's less than one and closer to zero than to one refers to third-quarter GDP rather than to second-quarter GDP. And here's the interview with Mohammed El-Erian: Economy Losing Momentum For Recovery: El-Erian.  
    Barclays: Markets Pricing In Something Between A Recession And A Deflationary Depression  
    US Needs More 'Juice' — From the Fed: Economist  
    Here's a picture of the Republican plan to straighten out the economy: Boehner’s Pro-Growth Message: Is a Mighty Stock Rally Next?. What is Representative Boehner's pro-growth message? extend all the Bush tax cuts; enact constitutional limits on government; repeal the national cap-and-trade energy tax; enact an aggressive spending-reduction package that would rollback non-defense discretionary expenditures to 2008 levels, freeze federal pay and hiring, eliminate transfer payments to the favored few (Social Security? Unemployment Compensation?), restore supply-side tax policies, and end TARP and all TARP bailouts. [Huh? TARP (Troubled Assets Relief Program) was a Republican emergency program aimed at keeping the banking system from collapsing, and designed and administered by Republican Treasury Secretary Hank Paulson.]