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July 2009

Recs

5

Unemployment? U3? Do You Really Understand?

July 31, 2009 – Comments (1)

The unemployment rate you see quoted in the press is the so-called “U3”. To answer your next question, there is indeed a U1, U2, U3, U4, U5, and a U6. Do you know the difference? To discover the difference, see:  [more]

Recs

18

Obamacare? Cash For Clunkers? Send in the Clowns!!

July 31, 2009 – Comments (25)

The “Cash for Clunkers” program has been suspended effective immediately. No, it is still in effect through the weekend. Yes, the gov’t website is no longer accepting applications for rebates, and car dealers are no longer taking in the trade-ins. The CFC has exceeded it’s $1B allocation; whaddumean you ain’t sure how much money in rebates has been allocated? The House has approved $2B to keep the CFC program alive through the weekend. Witness Mr. Gibbs, the prez’ rep to the media: “Duh, I dunno…”  [more]

Recs

3

45M Uninsured? Are You Sure?

July 27, 2009 – Comments (2)

Before we run Uncle Sam's credit card through the machine again, this time for $1T+, let us know our facts. Millions do not have health insurance, and here is why:  [more]

Recs

9

Wait; Stop; Take a Deep Breath – remember your basic macroeconomics

July 10, 2009 – Comments (7)

It is easy to get lost in the ridiculous chatter of business journalists posting stories, who essentially know no more than the average Fool. “V” or “L” shaped recovery? Monetary vs. fiscal policy? Whadyamean you only spent 5-10% of the “stimulus” money? Unemployment, but U3 vs. U1 vs. U6? Does TALF and PPIP count as the Treasury “printing money”, inasmuchas these are backed by securities?   [more]

Recs

32

Budget Emergency – dump your Cal paper NOW!!

July 01, 2009 – Comments (10) | RELATED TICKERS: VCAIX

I knew I shouldn’ta done it: I went to the guv’s budget website to find what is up, and was flabbergasted at what I saw www.ebudget.ca.gov. What does this have to do with investing? Everything. If you have a mutual fund that is Calif tax exempt bond fund, Cal paper, or anything remotely similar, dump it now at whatever price you can get. California government is headed for financial Armageddon, and there ain’t a dang thing anyone can do ‘bout it.   [more]

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