BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Bernanke: Failure to Raise Debt Ceiling Could Be 'Catastrophic']]>http://www.bloggingstocks.com/2011/02/06/bernanke-on-debt-ceiling/http://www.bloggingstocks.com/2011/02/06/bernanke-on-debt-ceiling/http://www.bloggingstocks.com/2011/02/06/bernanke-on-debt-ceiling/#commentsFiled under: , ,

Ben BernankeThe past week's data-point-of-consequence for investors was delivered by none other than the head of the world's most powerful central bank. U.S. Federal Reserve Chairman Ben Bernanke underscored the nation's need to raise the debt ceiling.

Speaking at a National Press Club luncheon in Washington Thursday, Bernanke said delays in raising the debt ceiling limit, currently $14.3 trillion, could have "catastrophic" consequences, Reuters reported.

Continue reading Bernanke: Failure to Raise Debt Ceiling Could Be 'Catastrophic'

Bernanke: Failure to Raise Debt Ceiling Could Be 'Catastrophic' originally appeared on BloggingStocks on Sun, 06 Feb 2011 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ben BernankeBernankebond marketbudget deficitcredit marketsdebt ceilingdebt ceiling limitFederal Reserveinthenewsnational debtSun, 06 Feb 2011 10:40:00 EST<![CDATA[The 2001 Bush Income Tax Cut: A Major Policy Mistake]]>http://www.bloggingstocks.com/2010/09/09/the-2001-bush-income-tax-cut-a-major-policy-mistake/http://www.bloggingstocks.com/2010/09/09/the-2001-bush-income-tax-cut-a-major-policy-mistake/http://www.bloggingstocks.com/2010/09/09/the-2001-bush-income-tax-cut-a-major-policy-mistake/#commentsFiled under:

George BushThe 2001 Bush income tax cut is one of those issues whose fate has been sealed by objective economic conditions.

Simply, if the U.S. economy had registered robust growth during the final two years of the Bush administration, and no other negative economic events occurred, the tax cut, which will increase the deficit by $336 billion this fiscal year, $295 billion in fiscal 2011, and by more than $320 billion per year through fiscal 2019, perhaps would have had a chance of being extended.

Continue reading The 2001 Bush Income Tax Cut: A Major Policy Mistake

The 2001 Bush Income Tax Cut: A Major Policy Mistake originally appeared on BloggingStocks on Thu, 09 Sep 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond marketbudget deficitBush tax cutDemocratsfeaturedincome taxesinterest ratesObamaRepublicansThu, 09 Sep 2010 18:00:00 EST<![CDATA[Former Reagan Budget Director Stockman Opposes Extending Bush Tax Cuts]]>http://www.bloggingstocks.com/2010/08/03/former-reagan-budget-director-stockman-opposes-extending-bush-ta/http://www.bloggingstocks.com/2010/08/03/former-reagan-budget-director-stockman-opposes-extending-bush-ta/http://www.bloggingstocks.com/2010/08/03/former-reagan-budget-director-stockman-opposes-extending-bush-ta/#commentsFiled under:

A key figure in the Reagan administration's supply side economics policy implementation opposes extending the 2001 Bush income tax cut.

David Stockman, who served as budget director under President Reagan, in a New York Times op-ed piece, said a Republican effort "to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing."

Stockman also called the current Republican stance of wanting to extend the tax breaks as not fiscal responsibility, but "vulgar Keynesianism robed in the ideological vestments of the prosperous classes."

Continue reading Former Reagan Budget Director Stockman Opposes Extending Bush Tax Cuts

Former Reagan Budget Director Stockman Opposes Extending Bush Tax Cuts originally appeared on BloggingStocks on Tue, 03 Aug 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitBush tax cutsDemocratsinthenewsRepublicansStockmanTue, 03 Aug 2010 16:00:00 EST<![CDATA[Flight-to-Safety Pushes U.S. Interest Rates Lower]]>http://www.bloggingstocks.com/2010/07/26/flight-to-safety-pushes-u-s-interest-rates-lower/http://www.bloggingstocks.com/2010/07/26/flight-to-safety-pushes-u-s-interest-rates-lower/http://www.bloggingstocks.com/2010/07/26/flight-to-safety-pushes-u-s-interest-rates-lower/#commentsFiled under:

Paraphrasing the great Mark Twain, if you don't like the stance of institutional investors, just wait a while.

Case in point: Investor sentiment toward the United States' large budget deficit and national debt.

A scant month ago, the talk was of bond vigilantes turning their wrath on the U.S., from Greece, Spain, Portugal and the rest of Europe's debt-plagued nations -- a predicament that would force interest rates up in the world's largest economy.

Continue reading Flight-to-Safety Pushes U.S. Interest Rates Lower

Flight-to-Safety Pushes U.S. Interest Rates Lower originally appeared on BloggingStocks on Mon, 26 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bondsbudget deficitdebt crisisemerging marketsEuropeinterest ratesinthenewsnational debtMon, 26 Jul 2010 17:00:00 EST<![CDATA[Greenspan: Let Bush's Tax Cuts Expire]]>http://www.bloggingstocks.com/2010/07/16/greenspan-let-bush-s-tax-cuts-expire/http://www.bloggingstocks.com/2010/07/16/greenspan-let-bush-s-tax-cuts-expire/http://www.bloggingstocks.com/2010/07/16/greenspan-let-bush-s-tax-cuts-expire/#commentsFiled under:

One of the nation's foremost economic minds is calling on policy makers to let the Bush administration's 2001 tax cuts expire to help balance the federal budget.

"They should follow the law and let them lapse," Former U.S. Federal Reserve Chairman Alan Greenspan told Bloomberg News Thursday, citing the need for tax revenue to cut the U.S. nearly $1.6 billion budget deficit.

President Bill Clinton was last U.S. president to run a budget surplus, recording budget surpluses in the final four years of his administration.

President George W. Bush's 2001 $1.1 trillion tax cut instantaneously turned a budget surplus into a roughly $200 billion budget deficit.

Continue reading Greenspan: Let Bush's Tax Cuts Expire

Greenspan: Let Bush's Tax Cuts Expire originally appeared on BloggingStocks on Fri, 16 Jul 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2001 tax cutbudget deficitBushGreenspantax cutFri, 16 Jul 2010 16:00:00 EST<![CDATA[Has the Fed Prevented a Bond Vigilante Attack on the U.S.?]]>http://www.bloggingstocks.com/2010/06/22/has-the-fed-prevented-a-bond-vigilante-attack-on-the-u-s/http://www.bloggingstocks.com/2010/06/22/has-the-fed-prevented-a-bond-vigilante-attack-on-the-u-s/http://www.bloggingstocks.com/2010/06/22/has-the-fed-prevented-a-bond-vigilante-attack-on-the-u-s/#commentsFiled under:

The bond vigilantes -- primarily institutional investors who punish countries with a large deficit and/or problematic fiscal policies -- have made their presence felt in Europe. Just ask Greece. But will they make their presence felt on U.S. shores?

In the short-term, the answer appears to be no. "Central banks [including the U.S. Federal Reserve], by keeping rates near zero have basically covered the bond vigilantes in duct tape," economist Ed Yardeni told Bloomberg News. "We are not getting any votes of protest from the bond vigilantes in the U.S. because short-term rates are so low." Yardeni coined the 'bond vigilante' term in the 1980s.

Continue reading Has the Fed Prevented a Bond Vigilante Attack on the U.S.?

Has the Fed Prevented a Bond Vigilante Attack on the U.S.? originally appeared on BloggingStocks on Tue, 22 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond vigilantesbudget deficitdebt crisisEd YardeniFedinterest ratesinthenewsTue, 22 Jun 2010 17:00:00 EST<![CDATA[NYU's Roubini: U.S. Can't Run Massive Deficits Forever]]>http://www.bloggingstocks.com/2010/05/21/nyu-s-roubini-u-s-can-t-run-massive-deficits-forever/http://www.bloggingstocks.com/2010/05/21/nyu-s-roubini-u-s-can-t-run-massive-deficits-forever/http://www.bloggingstocks.com/2010/05/21/nyu-s-roubini-u-s-can-t-run-massive-deficits-forever/#commentsFiled under: ,

RoubiniNew York University Economics Professor Nouriel Roubini, who accurately predicted the subprime mortgage default-induced financial crisis more than a year before it hit, is now cautioning the U.S. to not assume that the next stage of the financial crisis cannot return to U.S. shores.

"Bond market vigilantes have already woken up in Greece, in Spain, in Portugal, in Ireland, in Iceland, and soon enough they could wake up in the U.K., in Japan, in the United States, if we keep on running very large fiscal deficits," Roubini told Blooomberg News. "The chances are, they are going to wake up in the United States in the next three years and say, 'this is unsustainable.' "

Continue reading NYU's Roubini: U.S. Can't Run Massive Deficits Forever

NYU's Roubini: U.S. Can't Run Massive Deficits Forever originally appeared on BloggingStocks on Fri, 21 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitdebt crisisfeaturedinthenewsNouriel RoubiniFri, 21 May 2010 18:00:00 EST<![CDATA[Bernanke: Budget Deficits May Push Interest Rates Higher]]>http://www.bloggingstocks.com/2010/05/01/bernanke-budget-deficits-interest-rates/http://www.bloggingstocks.com/2010/05/01/bernanke-budget-deficits-interest-rates/http://www.bloggingstocks.com/2010/05/01/bernanke-budget-deficits-interest-rates/#commentsFiled under: , ,

BernankeIt's an age-old dilemma. Congress loves to spend taxpayer money. The problem is that Congress is spending money that they don't have, racking up huge budget deficits.

Chairman Bernanke warned that high budget deficits could cause interest rates to rise and derail the economic recovery. The White House estimates that the U.S. budget deficit could reach $5.1 trillion over the next five years. This year, the deficit could set a record of $1.6 trillion.

Continue reading Bernanke: Budget Deficits May Push Interest Rates Higher

Bernanke: Budget Deficits May Push Interest Rates Higher originally appeared on BloggingStocks on Sat, 01 May 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bernankebudget deficitinterest ratesinthenewsSat, 01 May 2010 16:40:00 EST<![CDATA[Euro Conquers Fiscal Challenge While Dollar Struggles]]>http://www.bloggingstocks.com/2010/04/23/euro-conquers-fiscal-challenge-now-about-the-dollar/http://www.bloggingstocks.com/2010/04/23/euro-conquers-fiscal-challenge-now-about-the-dollar/http://www.bloggingstocks.com/2010/04/23/euro-conquers-fiscal-challenge-now-about-the-dollar/#commentsFiled under: ,

Should U.S. investors become ebullient about dollar strengthening versus the euro in light of the European Union's effort to bail-out deficit-plagued Greece?

Hardly. For one thing, the euro, which has weakened about 7% versus the dollar since January to about $1.3372, is not guaranteed to weaken more against the buck. And the reason is obvious enough: unlike the United States, euro-zone nations can not turn to their nation's central bank to 'crank up the printing presses' and inflate their way out of debt and debt payments. The monetary policy of Greece, Italy, Spain, Portugal, Ireland, Germany, and France etc. is set by a supra-national central bank, the conservative European Central Bank, so don't look for Weimar-style printing of money any time soon.

Continue reading Euro Conquers Fiscal Challenge While Dollar Struggles

Euro Conquers Fiscal Challenge While Dollar Struggles originally appeared on BloggingStocks on Fri, 23 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitdollareuroGreeceinthenewsFri, 23 Apr 2010 18:00:00 EST<![CDATA[Ray of Light: U.S. Treasury Borrowing May Be Peaking]]>http://www.bloggingstocks.com/2010/04/21/ray-of-light-u-s-treasury-borrowing-may-be-peaking/http://www.bloggingstocks.com/2010/04/21/ray-of-light-u-s-treasury-borrowing-may-be-peaking/http://www.bloggingstocks.com/2010/04/21/ray-of-light-u-s-treasury-borrowing-may-be-peaking/#commentsFiled under: ,

At first glance, Wednesday's good news data point looks anything but: the U.S. Treasury may sell $128 billion in notes next week -- a record, Bloomberg News reported. The large debt amount stems in part from record spending for both the fiscal stimulus and the bank bailout.

And the good news in the above? Institutional investors and analysts sense that a modest reduction in the Treasury Department's borrowing needs is approaching, due to the strengthening U.S. economy, Bloomberg News reported. A Bloomberg survey of bond/debt dealers forecasts that the Treasury will sell $2.4 trillion in debt in 2010, compared to $2.11 trillion in 2009.

Continue reading Ray of Light: U.S. Treasury Borrowing May Be Peaking

Ray of Light: U.S. Treasury Borrowing May Be Peaking originally appeared on BloggingStocks on Wed, 21 Apr 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitinthenewsrecessionrecoveryWed, 21 Apr 2010 17:30:00 EST<![CDATA[Bernanke: U.S. Fiscal Outlook Is 'Somewhat Dark']]>http://www.bloggingstocks.com/2010/03/26/bernanke-u-s-fiscal-outlook-is-somewhat-dark/http://www.bloggingstocks.com/2010/03/26/bernanke-u-s-fiscal-outlook-is-somewhat-dark/http://www.bloggingstocks.com/2010/03/26/bernanke-u-s-fiscal-outlook-is-somewhat-dark/#commentsFiled under: ,

The head of the world's most powerful central bank has weighed-in regarding the U.S. budget deficit.

U.S. Federal Reserve Chairman Ben Bernanke, told Congress the government's budget outlook is " somewhat dark," Bloomberg News reported. The U.S. budget deficit totaled $1.4 trillion last year and is expected to approach $1.5 trillion this year.

Continue reading Bernanke: U.S. Fiscal Outlook Is 'Somewhat Dark'

Bernanke: U.S. Fiscal Outlook Is 'Somewhat Dark' originally appeared on BloggingStocks on Fri, 26 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bernankebudget deficitfeaturedfederal deficitinthenewsFri, 26 Mar 2010 17:00:00 EST<![CDATA[Greece Seen Likely to Cut Deficit More to Placate EU]]>http://www.bloggingstocks.com/2010/03/02/greece-seen-likely-to-cut-deficit-more-to-placate-e-u/http://www.bloggingstocks.com/2010/03/02/greece-seen-likely-to-cut-deficit-more-to-placate-e-u/http://www.bloggingstocks.com/2010/03/02/greece-seen-likely-to-cut-deficit-more-to-placate-e-u/#commentsFiled under: ,

Tuesday's key developments in As The Eurozone Turns:

Greece is expected to announce an additional 3.5-billion-euro ($4.85 billion) deficit cut, to address concerns voiced by European Union members that the Mediterranean nation has to do more to correct its profligate fiscal ways, The New York Times (NYT) reported Tuesday .

Word of additional heavy-lifting by Greece comes after German Chancellor Angela Merkel said Greece "in the coming days" must reveal new measures to address EU member concerns that Greece is not doing enough to resolve the fiscal crisis, Bloomberg News reported Tuesday. Merkel is set to meet with Greece Prime Minister George Papandreou on Friday, March 5.

Continue reading Greece Seen Likely to Cut Deficit More to Placate EU

Greece Seen Likely to Cut Deficit More to Placate EU originally appeared on BloggingStocks on Tue, 02 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficiteuroEuropean UnionGermanyGreeceinthenewsMerkelTue, 02 Mar 2010 17:00:00 EST<![CDATA[Harvard's Rogoff Sees an IMF Greece Bailout, Higher Interest Rates]]>http://www.bloggingstocks.com/2010/02/23/harvards-rogoff-sees-an-imf-greece-bailout-higher-interest-rat/http://www.bloggingstocks.com/2010/02/23/harvards-rogoff-sees-an-imf-greece-bailout-higher-interest-rat/http://www.bloggingstocks.com/2010/02/23/harvards-rogoff-sees-an-imf-greece-bailout-higher-interest-rat/#commentsFiled under: ,

Harvard University Professor Kenneth Rogoff, who in 2008 accurately predicted the failure of large American banks, says he expects nations (called sovereigns) to default, and also is predicting a high-interest-rate-induced fiscal austerity era for the United States.

Rogoff said he expects Greece to be bailed out by the International Monetary Fund, not the European Union, Bloomberg News reported Tuesday.

Continue reading Harvard's Rogoff Sees an IMF Greece Bailout, Higher Interest Rates

Harvard's Rogoff Sees an IMF Greece Bailout, Higher Interest Rates originally appeared on BloggingStocks on Tue, 23 Feb 2010 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitGreeceinthenewsKenneth RogoffTue, 23 Feb 2010 16:15:00 EST<![CDATA[Can the New Simpson/Bowles Budget Deficit Reduction Commission Succeed?]]>http://www.bloggingstocks.com/2010/02/18/can-the-new-simpson-bowles-budget-deficit-reduction-commission-s/http://www.bloggingstocks.com/2010/02/18/can-the-new-simpson-bowles-budget-deficit-reduction-commission-s/http://www.bloggingstocks.com/2010/02/18/can-the-new-simpson-bowles-budget-deficit-reduction-commission-s/#commentsFiled under:

Can the U.S. budget deficit panel succeed where others have not?

Indeed it can, and the key is its composition. The 18-member, non-binding panel will contain, in addition to two co-chairs, four members appointed by President Obama, six by Democratic leaders and six by Republican leaders, The Associated Press reported Thursday. The panel's recommendations will require approval by 14 of the 18 members, which guarantees that its recommendations will have bipartisan support.

Continue reading Can the New Simpson/Bowles Budget Deficit Reduction Commission Succeed?

Can the New Simpson/Bowles Budget Deficit Reduction Commission Succeed? originally appeared on BloggingStocks on Thu, 18 Feb 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alan Simpsonbudget deficitObamaThu, 18 Feb 2010 15:00:00 EST<![CDATA[Under the Radar: China Decreases Holdings of U.S. Treasuries]]>http://www.bloggingstocks.com/2010/02/17/under-the-radar-china-decreases-holdings-of-u-s-treasuries/http://www.bloggingstocks.com/2010/02/17/under-the-radar-china-decreases-holdings-of-u-s-treasuries/http://www.bloggingstocks.com/2010/02/17/under-the-radar-china-decreases-holdings-of-u-s-treasuries/#commentsFiled under: ,

Under the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'

Case in point: China's ownership of U.S. government debt decreased in December by the most in a month since 2000, Bloomberg News reported.

China's holdings plunged 4.3% to $755.4 billion in December; China's holdings peaked in May 2009 at $801.5 billion.

Continue reading Under the Radar: China Decreases Holdings of U.S. Treasuries

Under the Radar: China Decreases Holdings of U.S. Treasuries originally appeared on BloggingStocks on Wed, 17 Feb 2010 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitchinadollareconomynational debtWed, 17 Feb 2010 17:40:00 EST<![CDATA[Dollar/Oil Link Shows Impact of U.S. Budget Deficit on Crude's Price]]>http://www.bloggingstocks.com/2010/02/05/dollar-oil-link-shows-impact-of-u-s-budget-deficit-on-crude-s-p/http://www.bloggingstocks.com/2010/02/05/dollar-oil-link-shows-impact-of-u-s-budget-deficit-on-crude-s-p/http://www.bloggingstocks.com/2010/02/05/dollar-oil-link-shows-impact-of-u-s-budget-deficit-on-crude-s-p/#commentsFiled under: ,

The way the price of oil has plummeted this week on the dollar's rise amid the flight-to-safety lends more support to the theory that if the U.S. budget was balanced, crude would fall, oh, about $30 or $35.

Oil is priced in dollars. Hence, when the dollar falls, oil's price usually rises, and vice-versa. Starting in 2001, the dollar began to weaken as the U.S. budget went from a surplus under President Bill Clinton to a deficit under President George W. Bush, with the euro strengthening from about 82 cents versus the dollar to the current $1.3605. During that time oil's price has more than tripled from the $25 per barrel crude price in 2001.

Continue reading Dollar/Oil Link Shows Impact of U.S. Budget Deficit on Crude's Price

Dollar/Oil Link Shows Impact of U.S. Budget Deficit on Crude's Price originally appeared on BloggingStocks on Fri, 05 Feb 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitdollarfeaturedgasoline pricesinthenewsoil pricesFri, 05 Feb 2010 16:40:00 EST<![CDATA[Obama Budget, Republican Obstruction, May Lead to Gridlock in Washington]]>http://www.bloggingstocks.com/2010/02/02/obama-budget-republican-obstruction-may-lead-to-gridlock-in-wa/http://www.bloggingstocks.com/2010/02/02/obama-budget-republican-obstruction-may-lead-to-gridlock-in-wa/http://www.bloggingstocks.com/2010/02/02/obama-budget-republican-obstruction-may-lead-to-gridlock-in-wa/#commentsFiled under:

Political Science Scholar Larry Sabato co-wrote, The Party's Just Begun, which could also prove to be an apt phrase for the political climate in the months ahead in Washington.

That's because Congressional Republicans, emboldened by the securing of their 41st -- and filibuster-capable -- vote in the Senate as a result of Scott Brown's victory in the Massachusetts U.S. Senate race, may now choose to lock horns with U.S. President Barack Obama, D-Illinois, over his proposed $3.8 trillion fiscal 2011 budget.

Continue reading Obama Budget, Republican Obstruction, May Lead to Gridlock in Washington

Obama Budget, Republican Obstruction, May Lead to Gridlock in Washington originally appeared on BloggingStocks on Tue, 02 Feb 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitBudgetDeficitObamaRepublicansU.S. budgetUsBudgetTue, 02 Feb 2010 16:40:00 EST<![CDATA[Will the National Debt Prevent the U.S. Economy from Growing?]]>http://www.bloggingstocks.com/2010/01/08/will-the-national-debt-prevent-the-u-s-economy-from-growing/http://www.bloggingstocks.com/2010/01/08/will-the-national-debt-prevent-the-u-s-economy-from-growing/http://www.bloggingstocks.com/2010/01/08/will-the-national-debt-prevent-the-u-s-economy-from-growing/#commentsFiled under: ,

Much has been made of the U.S. national debt, totaling about $12.3 trillion. (To see the U.S. national debt in real time, click here.)

Economists agree that the debt is high and that it has to be reduced over time. The nation should not as a policy have large, unfunded programs and obligations.

Continue reading Will the National Debt Prevent the U.S. Economy from Growing?

Will the National Debt Prevent the U.S. Economy from Growing? originally appeared on BloggingStocks on Fri, 08 Jan 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitGDPnational debtFri, 08 Jan 2010 10:40:00 EST<![CDATA[Investors: Avoid Fretting over 10-Year Projections]]>http://www.bloggingstocks.com/2009/12/27/investors-avoid-fretting-over-10-year-projections/http://www.bloggingstocks.com/2009/12/27/investors-avoid-fretting-over-10-year-projections/http://www.bloggingstocks.com/2009/12/27/investors-avoid-fretting-over-10-year-projections/#commentsFiled under: , , ,

There's a baseball play-by-play announcer with a pretty good team, whose made a small fortune uttering phrases like, "I tell you what you can do with that prediction: You can take that prediction and throw it in the East River. That's how much that prediction is worth."

In general, the same can be said about economic/budget projections. A little advice regarding economic and budget projections: don't work yourself up in to a lather over them.

Continue reading Investors: Avoid Fretting over 10-Year Projections

Investors: Avoid Fretting over 10-Year Projections originally appeared on BloggingStocks on Sun, 27 Dec 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitforecastshealth care reformpredictionsprojectionsSun, 27 Dec 2009 13:20:00 EST<![CDATA[California's Gov. Schwarzenegger Likely to Seek More Federal Assistance to Cut Deficit]]>http://www.bloggingstocks.com/2009/12/26/californias-gov-schwarzenegger-likely-to-seek-more-federal-ass/http://www.bloggingstocks.com/2009/12/26/californias-gov-schwarzenegger-likely-to-seek-more-federal-ass/http://www.bloggingstocks.com/2009/12/26/californias-gov-schwarzenegger-likely-to-seek-more-federal-ass/#commentsFiled under: ,

California update: Gov. Arnold Schwarzenegger (R-Calif.) is expected to ask President Obama to ease federal mandates and minimums on social programs to save the state up to $8 billion.

The action is needed because California, which has already cut programs to eliminate previous budget deficits, faces up to a $21 billion budget deficit for this fiscal year, Bloomberg News reported Thursday.

Continue reading California's Gov. Schwarzenegger Likely to Seek More Federal Assistance to Cut Deficit

California's Gov. Schwarzenegger Likely to Seek More Federal Assistance to Cut Deficit originally appeared on BloggingStocks on Sat, 26 Dec 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitCaliforniainthenewsjob growthSchwarzeneggerstate taxesunemploymentwagesSat, 26 Dec 2009 13:20:00 EST