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[At G-20, U.S. And Germany May Argue Offer Fiscal Policy Stances]]>http://www.bloggingstocks.com/2010/06/21/at-g-20-u-s-to-emphasize-stimulus-germany-deficit-reduction/http://www.bloggingstocks.com/2010/06/21/at-g-20-u-s-to-emphasize-stimulus-germany-deficit-reduction/http://www.bloggingstocks.com/2010/06/21/at-g-20-u-s-to-emphasize-stimulus-germany-deficit-reduction/#commentsFiled under:

At the G-20 summit in Toronto later this week, a battle may surface between the "immovable object" and the "irresistible force." Germany and the United States are at odds concerning the world's proper public policy stance at this stage of the financial crisis.

Germany is emphasizing that credit market and economic conditions are healthy enough to move forward with deficit reduction and related stimulus exit strategies, Bloomberg News reported Monday.

Continue reading At G-20, U.S. And Germany May Argue Offer Fiscal Policy Stances

At G-20, U.S. And Germany May Argue Offer Fiscal Policy Stances originally appeared on BloggingStocks on Mon, 21 Jun 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond vigilantesdebt crisisEuropefiscal stimulusG-20GermanyinthenewsMon, 21 Jun 2010 16:40:00 EST<![CDATA[PIMCO Strategist Says Nations Have Reached Fiscal Stimulus 'Endpoint']]>http://www.bloggingstocks.com/2010/06/08/fiscal-stimulus-endpoint/http://www.bloggingstocks.com/2010/06/08/fiscal-stimulus-endpoint/http://www.bloggingstocks.com/2010/06/08/fiscal-stimulus-endpoint/#commentsFiled under: ,

PIMCO logoHave the free economies of the world reached the limits of Keynesian economics?

That's the view of PIMCO's Anthony Crescenzi. Nations have reached a "Keynesian endpoint," Crescenzi wrote, in an e-mail note, Bloomberg News reported Tuesday. "Time, devaluations, and debt restructurings might be the only way out for many nations."

Keynesian economics refers to the policy advocated by economist John Maynard Keynes, who argued that fiscal stimulus is an effective tool to stimulate demand until business investment and consumer spending rebound.

Continue reading PIMCO Strategist Says Nations Have Reached Fiscal Stimulus 'Endpoint'

PIMCO Strategist Says Nations Have Reached Fiscal Stimulus 'Endpoint' originally appeared on BloggingStocks on Tue, 08 Jun 2010 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Anthony Crescenzidebt crisisfiscal stimulusinthenewsTue, 08 Jun 2010 13:00:00 EST<![CDATA[G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction]]>http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/#commentsFiled under: , ,

In an about face, G20 finance ministers dropped their support for fiscal stimulus. The communique from Saturday's meeting in South Korea stated: "The recent events highlight of sustainable public finances and the need for our countries to put in place credible growth friendly measures to deliver sustainability."

Back in April the G20 group was hep on continuing their stimulus programs. Their statement then called for fiscal support to "be maintained until the recovery is firmly driven by the private sector and becomes more entrenched."

Continue reading G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction

G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction originally appeared on BloggingStocks on Sun, 06 Jun 2010 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>deficit reductioneurozonefeaturedfiscal stimulusG20GeithnerinthenewsSun, 06 Jun 2010 10:10:00 EST<![CDATA[Fiscal Stimulus Helped Stabilize U.S. Economy]]>http://www.bloggingstocks.com/2010/02/17/fiscal-stimulus-helped-stabilize-u-s-economy/http://www.bloggingstocks.com/2010/02/17/fiscal-stimulus-helped-stabilize-u-s-economy/http://www.bloggingstocks.com/2010/02/17/fiscal-stimulus-helped-stabilize-u-s-economy/#commentsFiled under: , ,

A year into the U.S.'s record $787 billion fiscal stimulus, which will in fact total an $862 billion stimulus package, here's where the nation stands:
  • The free-fall in employment rolls has stopped. While the U.S. unemployment rate has risen to an unacceptable 9.7%, the unemployment rate would have been much higher without the roughly $800 billion in economic activity generated by the stimulus.
  • Tens of thousands of local police officers, fire fighters, teachers, and other public service personnel have retained their jobs -- helping to stabilize the local economies where these civil servants work and live.

Continue reading Fiscal Stimulus Helped Stabilize U.S. Economy

Fiscal Stimulus Helped Stabilize U.S. Economy originally appeared on BloggingStocks on Wed, 17 Feb 2010 04:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfiscal stimulusObama administrationstimulusstimulus packageStimulusPackageWed, 17 Feb 2010 04:30:00 EST<![CDATA[About One-Third of U.S. Fiscal Stimulus Spent To-Date]]>http://www.bloggingstocks.com/2010/01/14/about-one-third-of-u-s-fiscal-stimulus-spent-to-date/http://www.bloggingstocks.com/2010/01/14/about-one-third-of-u-s-fiscal-stimulus-spent-to-date/http://www.bloggingstocks.com/2010/01/14/about-one-third-of-u-s-fiscal-stimulus-spent-to-date/#commentsFiled under: ,

Tracking U.S government spending often is a byzantine process -- the stuff that only public officials, policy wonks, and scholars would pour over: it can be an intimidating and complex task. And, frankly, many Americans are obviously occupied with other, important tasks.

And that goes for the $787 billion fiscal stimulus package designed to jump-start the U.S. economy. However, there are two user-friendly sites that provide ample detail on your tax dollars at work.

The Obama administration has a page detailing dollars spent, by state, county etc., with contracts scheduled. MSNBC has a comparable site.

Continue reading About One-Third of U.S. Fiscal Stimulus Spent To-Date

About One-Third of U.S. Fiscal Stimulus Spent To-Date originally appeared on BloggingStocks on Thu, 14 Jan 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fiscal stimulusinthenewsstimulusThu, 14 Jan 2010 16:40:00 EST<![CDATA[PIMCO's Gross: Investors Must Prepare for the End of Easing, Stimulus]]>http://www.bloggingstocks.com/2010/01/06/pimco-s-gross-investors-must-prepare-for-the-end-of-easing-sti/http://www.bloggingstocks.com/2010/01/06/pimco-s-gross-investors-must-prepare-for-the-end-of-easing-sti/http://www.bloggingstocks.com/2010/01/06/pimco-s-gross-investors-must-prepare-for-the-end-of-easing-sti/#commentsFiled under: , ,

Just call it the first, major adjustment of the post-financial crisis era: PIMCO's Bill Gross said Wednesday investors and markets need to prepare for the eventual reduction in monetary quantitative easing funds and the end of other stimulus programs.

If exit strategies proceed as planned, "All U.S. and U.K. asset markets may suffer from the absence of the near $2 trillion of government checks written in 2009," wrote Gross, who heads the world's largest mutual fund, in a PIMCO commentary published Wednesday.

Continue reading PIMCO's Gross: Investors Must Prepare for the End of Easing, Stimulus

PIMCO's Gross: Investors Must Prepare for the End of Easing, Stimulus originally appeared on BloggingStocks on Wed, 06 Jan 2010 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bill grossBillGrossfiscal stimuluspimcoquantitative easingWed, 06 Jan 2010 17:40:00 EST<![CDATA[Fiscal stimulus package's primary flaw: It was too small]]>http://www.bloggingstocks.com/2009/11/02/fiscal-stimlulus-packages-primary-flaw-it-was-too-small/http://www.bloggingstocks.com/2009/11/02/fiscal-stimlulus-packages-primary-flaw-it-was-too-small/http://www.bloggingstocks.com/2009/11/02/fiscal-stimlulus-packages-primary-flaw-it-was-too-small/#commentsFiled under: , , ,

New York Times (NYSE: NYT) columnist Paul Krugman argues quite persuasively that the major problem with the fiscal stimulus package was that it was too small, given the financial crisis and the large economic crater the accompanying, pronounced recession created.

Further, the fiscal stimulus' many benefits -- including substantial job retention in essential public services such as education -- are harder to see and not likely to translate into too much political gain for President Obama and Congressional Democrats, he said. That's consistent with a political science axiom -- often repeated by U.S. Rep. Barney Frank, D-Massachusetts -- that "Congress gets little credit or benefit for averting something." Indeed, retained jobs are hard to see, and the fact that a local public school system is is still operating with as many teachers is an accomplishment, but one that most American voters will take for granted, and not give Democrats credit for.

Continue reading Fiscal stimulus package's primary flaw: It was too small

Fiscal stimulus package's primary flaw: It was too small originally appeared on BloggingStocks on Mon, 02 Nov 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Democratsfiscal stimulusGDPinthenewsjobsPaul KrugmanRepublicansU.S. economyMon, 02 Nov 2009 17:30:00 EST<![CDATA[The U.S. recovery approaches: But will it be strong enough?]]>http://www.bloggingstocks.com/2009/08/03/the-u-s-recovery-approaches-but-will-it-be-strong-enough/http://www.bloggingstocks.com/2009/08/03/the-u-s-recovery-approaches-but-will-it-be-strong-enough/http://www.bloggingstocks.com/2009/08/03/the-u-s-recovery-approaches-but-will-it-be-strong-enough/#commentsFiled under: , ,

The market absolutists and economic conservatives in the audience will no-doubt abhor the thought, but there's still a quite plausible scenario in which the United States will need to pass another fiscal stimulus package. Here's why:

True, the U.S. economy appears to be heading toward recovery (assuming no additional collapses in financial institutions that create systemic risk), but the recovery may not be strong enough.

Continue reading The U.S. recovery approaches: But will it be strong enough?

The U.S. recovery approaches: But will it be strong enough? originally appeared on BloggingStocks on Mon, 03 Aug 2009 18:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsfeaturedfiscal stimulusGDPjobsMon, 03 Aug 2009 18:20:00 EST<![CDATA[Dow 8,400: Hold in May, and go away?]]>http://www.bloggingstocks.com/2009/05/29/dow-8-400-hold-in-may-and-go-away/http://www.bloggingstocks.com/2009/05/29/dow-8-400-hold-in-may-and-go-away/http://www.bloggingstocks.com/2009/05/29/dow-8-400-hold-in-may-and-go-away/#commentsFiled under: , , ,

The Dow is set to end another week with a close above 8,000. In fact, the U.S. stock market is at a crossroad of sorts.

Right now, Dow 8,000 is not an issue: 5 consecutive weekly closes and roughly 400 points above 8,000 suggest that battle has been won by bulls.

Still, the bears will argue that the Dow is not that far above the psychologically-important 8,000 level and that this market is more than capable of wiping out that cushion in two sessions. Further, the bears also argue that while the Dow has closed above 8,000 for about a month, it hasn't been able to both make and sustain new highs above 8,600, then 8,800 and 9,000 etc.

Continue reading Dow 8,400: Hold in May, and go away?

Dow 8,400: Hold in May, and go away? originally appeared on BloggingStocks on Fri, 29 May 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beardowfederal reserveFederalReservefiscal stimulusFiscalStimulussp 500Sp500Fri, 29 May 2009 18:00:00 EST<![CDATA[China seen passing second major stimulus package to jump-start economy]]>http://www.bloggingstocks.com/2009/03/04/china-seen-passing-second-major-stimulus-package-to-jump-start/http://www.bloggingstocks.com/2009/03/04/china-seen-passing-second-major-stimulus-package-to-jump-start/http://www.bloggingstocks.com/2009/03/04/china-seen-passing-second-major-stimulus-package-to-jump-start/#commentsFiled under: , , ,

China apparently will announce a new fiscal stimulus package in an attempt to jump-start growth in the world's third largest economy.

Chinese Premier Wen Jiabao is expected to announce "a new stimulus package" in his annual address to the nation's legislature, Li Deshui, ex-statistics bureau head told reporters in Beijing Wednesday, Bloomberg News reported.

Continue reading China seen passing second major stimulus package to jump-start economy

China seen passing second major stimulus package to jump-start economy originally appeared on BloggingStocks on Wed, 04 Mar 2009 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsfeaturedfiscal policyfiscal stimulusgdpglobal economytradeWed, 04 Mar 2009 11:20:00 EST<![CDATA[The fiscal stimulus plan: Where is the missing element that solved the Great Depression?]]>http://www.bloggingstocks.com/2009/02/17/the-fiscal-stimulus-plan-where-is-the-missing-element-that-solv/http://www.bloggingstocks.com/2009/02/17/the-fiscal-stimulus-plan-where-is-the-missing-element-that-solv/http://www.bloggingstocks.com/2009/02/17/the-fiscal-stimulus-plan-where-is-the-missing-element-that-solv/#commentsFiled under: , , , , , , ,

The most sweeping fiscal stimulus in a generation is about to be signed into law by President Obama. It amounts to $787 billion and includes tax incentives, infrastructure projects, renewable energy developments, and payment to state and local authorities.

However, investors appear to be skeptical as indicated by the performance of the markets today for a variety of reasons:

  • Some estimate that as much as 75% of the spending will not reach the economy until 2010.
  • There are questions as to how many jobs in the United States will actually be created.
  • People are uncertain as to how productive the spending bill will be and how much is actually just wasteful "pork."


Continue reading The fiscal stimulus plan: Where is the missing element that solved the Great Depression?

The fiscal stimulus plan: Where is the missing element that solved the Great Depression? originally appeared on BloggingStocks on Tue, 17 Feb 2009 16:39:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>defensefiscal policyfiscal stimulusFiscalPolicyFiscalStimulusFreePassgreat depressionGreatDepressionTue, 17 Feb 2009 16:39:00 EST<![CDATA[PIMCO says recession will deepen without more fiscal stimulus by nations]]>http://www.bloggingstocks.com/2009/02/12/pimco-says-recession-will-deepen-without-more-fiscal-stimulus-by/http://www.bloggingstocks.com/2009/02/12/pimco-says-recession-will-deepen-without-more-fiscal-stimulus-by/http://www.bloggingstocks.com/2009/02/12/pimco-says-recession-will-deepen-without-more-fiscal-stimulus-by/#commentsFiled under: , , , , , , , , , ,

The manager of the world's largest bond fund, PIMCO, has laid-out in unambiguous terms the problem facing the global economy in the quarters ahead: The U.S. and global recession will worsen -- with a "second wave" of turmoil -- unless governments increase fiscal stimulus and spending plans.

"The economic setback is still in its early stages," Koyo Ozeki, head of Asia-Pacific credit research at Pimco's Tokyo office, wrote in a report published on PIMCO's web site. "Any further decline in housing prices could accelerate the downturn, intensifying the pernicious feedback loop and possibly leading to a second wave in the financial crisis in the next six to 12 months."

Continue reading PIMCO says recession will deepen without more fiscal stimulus by nations

PIMCO says recession will deepen without more fiscal stimulus by nations originally appeared on BloggingStocks on Thu, 12 Feb 2009 11:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsEuropean Unionfeaturedfiscal policyfiscal stimulusgdpglobal economyglobalizationIMFJapanPIMCOU.S. economyU.s.EconomyThu, 12 Feb 2009 11:50:00 EST<![CDATA[Obama's looked at life from both sides]]>http://www.bloggingstocks.com/2009/01/17/obamas-looked-at-life-from-both-sides/http://www.bloggingstocks.com/2009/01/17/obamas-looked-at-life-from-both-sides/http://www.bloggingstocks.com/2009/01/17/obamas-looked-at-life-from-both-sides/#commentsFiled under: , ,

One of the benefits, when you are a child of privilege growing up in or near the center of civilization, the capital of the world, is that you receive opportunities to experience the extraordinary.

For example, in addition to having two attentive parents, when you're a child of the fortunate you also have an uncle who, along with doting on his own three kids, doted on you like you were his kid. An uncle who worked in one of those banks in the city. A cigar-smoking, good-natured executive who just happened to personally know anyone-and-everyone who worked in The House That Ruth Built.

And suddenly, there you are as a third-grade student, two hours before they open the gates, and four hours before game time, sitting in your uncle's season-ticket, mezzanine box seats. Bathed in warm, spring morning sunshine, you squint your eyes under your baseball cap so you can see your heroes taking batting practice on the emerald-green field, with the art-deco frieze overhead and the sound of your idol's bat hitting the ball echoing through The House, the way Gehrig's poignant voice did generations ago during his farewell.

Continue reading Obama's looked at life from both sides

Obama's looked at life from both sides originally appeared on BloggingStocks on Sat, 17 Jan 2009 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Democratsfeaturedfiscal stimulusgdpObamaRepublicansU.S. economySat, 17 Jan 2009 17:40:00 EST<![CDATA[Bernanke: Stimulus not enough without more for banks]]>http://www.bloggingstocks.com/2009/01/13/bernanke-stimulus-not-enough-without-more-for-banks/http://www.bloggingstocks.com/2009/01/13/bernanke-stimulus-not-enough-without-more-for-banks/http://www.bloggingstocks.com/2009/01/13/bernanke-stimulus-not-enough-without-more-for-banks/#commentsFiled under: , , ,

Two internationally known economists converged Tuesday on a common point regarding the link between stimulus and the U.S. economy's recovery -- but from different vantage points.

U.S. Federal Reserve Chairman Ben Bernanke, in a speech before the London School of Economics, said fiscal stimulus won't be enough to create a lasting recovery, unless it is accompanied by strong measures to stabilize the financial system.

Meanwhile, New York Times economist Paul Krugman underscored the need for both a large fiscal stimulus capable of providing an immediate boost to the economy and providing stimulus 18 and 24 months out.

In a CNBC interview Tuesday, Krugman underscored the need for a large fiscal stimulus -- a critical mass of fiscal stimulus, if you will -- to counteract the massive amount of stimulus taken out of the economy from declines in consumer spending, business investment, home price depreciation, constrained credit by banks, and stock market declines.

Krugman added that the $700-850 billion proposed fiscal stimulus package is too small. Earlier, in his column in The Times, Krugman said both shovel-ready and longer-term infrastructure projects were required to keep a lid on rising unemployment for the next two years.

Continue reading Bernanke: Stimulus not enough without more for banks

Bernanke: Stimulus not enough without more for banks originally appeared on BloggingStocks on Tue, 13 Jan 2009 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BernankeFedfiscal stimulusfiscal stimulus packagegdpmonetary policyquantitative easingTARPU.S. economyTue, 13 Jan 2009 15:00:00 EST<![CDATA[NYU's 'Dr. Doom' Roubini: The worst is still ahead of us]]>http://www.bloggingstocks.com/2009/01/08/nyus-dr-doom-roubini-the-worst-is-still-ahead-of-us/http://www.bloggingstocks.com/2009/01/08/nyus-dr-doom-roubini-the-worst-is-still-ahead-of-us/http://www.bloggingstocks.com/2009/01/08/nyus-dr-doom-roubini-the-worst-is-still-ahead-of-us/#commentsFiled under: , , ,

Those investors, including market absolutists, who interpret the current economic state-of-things as just a typical downturn that a few tax cuts and some good, old-fashioned, free market-based supply side economics can solve, may want to stop reading the economic data points in the months ahead. At least, that's the view of one economist.

Nouriel Roubini, the once obscure New York University economics professor, who two years ago predicted the current global financial crisis and recession, said the worst is still ahead for the U.S. economy and for economies around the world.

"In the next few months, the macroeconomic news and earnings reports from around the world will be much worse than expected," Roubini wrote in a column for Bloomberg News, adding that the aforementioned will put downward pressure on prices of risky assets.

Further, Roubini said the U.S. economy will remain in recession through at least the end of 2009, with only a mild recovery starting in 2010 -- with GDP growth in the initial recovery year of 1%. For 2009, Roubini also forecasts continued recessions for the United Kingdom, euro zone, Japan and Canada. Russia will also fall into recession, as will Brazil, and China will experience a hard landing, with growth slowing to 5%, he said. India's economy also will slow substantially.

Continue reading NYU's 'Dr. Doom' Roubini: The worst is still ahead of us

NYU's 'Dr. Doom' Roubini: The worst is still ahead of us originally appeared on BloggingStocks on Thu, 08 Jan 2009 12:47:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsfeaturedfiscal policyfiscal stimulusgdpglobal economyNouriel Roubiniquantitative easingRGE MonitorRoubiniU.S. economyThu, 08 Jan 2009 12:47:00 EST<![CDATA[Fed's Yellen: 'Worth pulling out all the stops' regarding fiscal stimulus plan ]]>http://www.bloggingstocks.com/2009/01/05/feds-yellen-worth-pulling-out-all-the-stops-regarding-fiscal/http://www.bloggingstocks.com/2009/01/05/feds-yellen-worth-pulling-out-all-the-stops-regarding-fiscal/http://www.bloggingstocks.com/2009/01/05/feds-yellen-worth-pulling-out-all-the-stops-regarding-fiscal/#commentsFiled under: , , ,

When you see Congressional and presidential administration officials commenting on fiscal policy, and Federal Reserve officials commenting on monetary policy, that's normal.

But when you see Fed officials commenting on fiscal policy -- something they never do -- that's not normal and is indicative of extraordinary times.

San Francisco Federal Reserve Bank President Janet Yellen has done the latter, stating in no uncertain terms that the U.S. economy needs a fiscal stimulus package to deal with its most serious economic slump in her career.

"The current downturn is likely to be far longer and deeper than the 'garden-variety' recession," Yellen said, in a speech. "If ever, in my professional career, there was a time for active, discretionary fiscal stimulus, it is now." Yellen said the global financial crisis and economic recession pose a serious risk of a prolonged period of stagnation.

"It's worth pulling out all the stops to ensure those outcomes don't occur," Yellen added.

Continue reading Fed's Yellen: 'Worth pulling out all the stops' regarding fiscal stimulus plan

Fed's Yellen: 'Worth pulling out all the stops' regarding fiscal stimulus plan originally appeared on BloggingStocks on Mon, 05 Jan 2009 12:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CongressFedfiscal stimulusgdpinthenewsJanet YellenObama AdministrationU..S. economyMon, 05 Jan 2009 12:15:00 EST<![CDATA[IMF wants nations to pass large fiscal stimulus packages]]>http://www.bloggingstocks.com/2008/12/30/imf-wants-nations-to-pass-large-fiscal-stimulus-packages/http://www.bloggingstocks.com/2008/12/30/imf-wants-nations-to-pass-large-fiscal-stimulus-packages/http://www.bloggingstocks.com/2008/12/30/imf-wants-nations-to-pass-large-fiscal-stimulus-packages/#commentsFiled under: , , ,

The unique characteristics of the global recession will require large, but focused, fiscal stimulus packages by nations around the globe, so says a leading international policy and research group.

The International Monetary Fund said the drop in demand requires a substantial fiscal stimulus of at least 2% of world domestic product (WDP), coordinated action, with a focus on spending and targeted tax cuts.

Roughly 2% of WDP would amount to $1.5-1.8 trillion in fiscal stimulus, according to research compiled by economist Peter Dawson.

"Fiscal stimulus by nations may have to be larger than that, given how much the global economy has slowed during the past year," Dawson said. "The IMF forecasts a WDP growth rate of 2.2% in 2009 but it will probably dip below that, which would suggest a need for an even larger fiscal stimulus, probably upwards of $2.0-2.3 trillion for 2009."

The unique factor driving the need for the above? For the first time in the post-World War II era, all major regions of the world -- U.S., E.U., China/Japan -- are in recession at the same time, as are the emerging market economies of India, Brazil, and Russia, Dawson said.

Continue reading IMF wants nations to pass large fiscal stimulus packages

IMF wants nations to pass large fiscal stimulus packages originally appeared on BloggingStocks on Tue, 30 Dec 2008 11:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ChinaE.U.emerging marketsfiscal policyfiscal stimulusgdpIMFInternational Monetary FundinthenewsJapanU.S. economyTue, 30 Dec 2008 11:45:00 EST<![CDATA[What type of U.S. economy lies ahead? ]]>http://www.bloggingstocks.com/2008/12/23/what-type-of-u-s-economy-lies-ahead/http://www.bloggingstocks.com/2008/12/23/what-type-of-u-s-economy-lies-ahead/http://www.bloggingstocks.com/2008/12/23/what-type-of-u-s-economy-lies-ahead/#commentsFiled under: , ,

To say current economic conditions are challenging the acumen of those who are charged with adjusting to them or planning for them would be an understatement.

And it goes without saying that in these volatile times, investors, like business executives, have to keep an eye on the near-term and the long-term.

The U.S. Federal Reserve has embarked on various liquidity measures, including quantitative easing. Meanwhile, the U.S. Treasury, as a result of $350 billion in deployed TARP money (and another $350 billion available to be deployed if Congress approves), has stabilized the financial system, at least for the time being. And if economic history is any indicator, look for the bulk of the Fed's monetary stimulus to begin to take effect within three months of deployment.

Meanwhile, the Obama Administration and new U.S. Congress are expected to act quickly on a large fiscal stimulus package that could pump an additional $800 billion into the U.S. economy over two years. And if economic history is valid here, as well, look for the fiscal stimulus to begin to take effect within six months.

Continue reading What type of U.S. economy lies ahead?

What type of U.S. economy lies ahead? originally appeared on BloggingStocks on Tue, 23 Dec 2008 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>DemocratsfeaturedFedfiscal stimulusgdpglobalizationmedian incomesObama AdministrationRepublicansTARPTreasuryU.S. economyWal-MartWal-Mart modelWMTTue, 23 Dec 2008 17:30:00 EST<![CDATA[U.S. Q3 GDP fell 0.5%, biggest decline since 2001]]>http://www.bloggingstocks.com/2008/12/23/u-s-q3-gdp-fell-0-5-biggest-decline-since-2001/http://www.bloggingstocks.com/2008/12/23/u-s-q3-gdp-fell-0-5-biggest-decline-since-2001/http://www.bloggingstocks.com/2008/12/23/u-s-q3-gdp-fell-0-5-biggest-decline-since-2001/#commentsFiled under: , , ,

There's been no change in the U.S. economy's pulse, according to the most recent GDP data from the U.S. Commerce Department.

The U.S. economy contracted at a 0.5% annual rate in Q3, the Commerce Department announced, in its final reading on the quarter. The rate was unrevised from the previous estimate, but it was the weakest quarterly growth rate since Q1 2001.

Economists surveyed by Bloomberg News had expected the economy to contract at a 0.5% annualized rate in Q3.

One danger sign for the economy: consumer spending, which accounts for 60-65% of U.S. GDP, declined at a revised 3.8% annualized rate in Q3, worse than the 3.7% annualized decline estimate announced earlier.

Economist David H. Wang said the final Q3 GDP was a wash. "GDP came in as expected, but we can see the clear, continued drop in consumer spending, which is indicative of a prolonged recession," Wang said. "So it's stimulate with glee, to make the recession flee."

Continue reading U.S. Q3 GDP fell 0.5%, biggest decline since 2001

U.S. Q3 GDP fell 0.5%, biggest decline since 2001 originally appeared on BloggingStocks on Tue, 23 Dec 2008 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cpifiscal stimulusgdpinflationinthenewsquantitative easingU.S. economyTue, 23 Dec 2008 10:40:00 EST<![CDATA[Obama ups U.S. economic recovery plan goal to 3 million jobs]]>http://www.bloggingstocks.com/2008/12/22/obama-ups-u-s-economic-recovery-plan-goal-to-3-million-jobs/http://www.bloggingstocks.com/2008/12/22/obama-ups-u-s-economic-recovery-plan-goal-to-3-million-jobs/http://www.bloggingstocks.com/2008/12/22/obama-ups-u-s-economic-recovery-plan-goal-to-3-million-jobs/#commentsFiled under: , , ,

This is one increase the American people would no doubt welcome with open arms.

President-elect Barack Obama, faced with a deepening U.S. recession, is expanding his fiscal stimulus package to achieve the goal of creating or saving 3 million jobs over two years.

Job growth is priority No. 1

Obama has made job growth his first priority, with the new target revised up from the previous 2.5 million-job target, said Christina Romer, Chairman-designate for Obama's Council of Economic Advisors.

Economist Richard Felson told BloggingStocks it's a good thing the Obama Administration is aiming higher.

"The 3 million job creation total over two years is warranted. In fact, it's modest when one considers that the U.S. economy has already lost 2 million jobs since the recession started," Felson said. "Job growth is at the core of reversing negative trends in corporate revenue, earnings, and of course home mortgage foreclosures."

Continue reading Obama ups U.S. economic recovery plan goal to 3 million jobs

Obama ups U.S. economic recovery plan goal to 3 million jobs originally appeared on BloggingStocks on Mon, 22 Dec 2008 09:29:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>fiscal stimulusgdpinthenewsjob creationjobsObamaU.S. economyunemploymentMon, 22 Dec 2008 09:29:00 EST