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Archive for January, 2010|Monthly archive page

GDP forecast – preliminary 2009:Q4

In Forecast on January 28, 2010 at 1:26 AM

Preliminary UK results on fourth quarter GDP are now out, read here.

Interestingly, the UK result of +0.1 officially signals that the British economy is now out of recession. Previously, 6 negative quarters of consecutive malproduction had been endured–read ONS coverage. US results on fourth quarter GDP will be issued January 29, i.e., Friday. Apparently, there is a consensus forecast of +4.6 growth expected–read Straits Times coverage.
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Corporate Personhood, G2 Bloc & The 5-4 Citizens United Decision

In Law on January 22, 2010 at 2:18 AM

U.S. Senators, John McCain (R) and Russell Feingold (D), are beside themselves tonight, due to a 5-4 Supreme Court ruling—Citizens United v. Federal Election Commission–that brashly strengthens the role of corporations and unions in their ability to condition election outcomes using money (Click here for McCain-Feingold reactions). In response, all hell is breaking loose in the popular realm of consumer advocacy, voter organizing and civic arousal. Read the rest of this entry »

RE: Maestro

In Economy on January 19, 2010 at 2:28 AM

Monetary policy independence is being spoken of rampantly in the press: Libertarians have been battling Federal Reserve policy experts, e.g., Ron Paul’s Plan to Audit Fed a ‘Serious Attack’: Mishkin, and Federal Reserve presidents have been taking to the pen, e.g., Lacker Says Threats to Fed Autonomy Imperil Stability and Lockhart on Preserving the Role of an Independent Fed. Maybe it is time for a historical flashback. Enter Maestro by Bob Woodward, the American journalist.
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GRX

In La Bourse on January 14, 2010 at 1:29 AM

Introducing the Georgia Real Estate Index (GRX)!

Inside this GRX index, you’ll catch a one-stop snapshot of Georgia publicly-traded real estate firms via a 3-component market capitalization-weighted series, constructed from underlying institutions: Beazer Homes USA, Inc., Cousins Properties, Inc. and Post Properties, Inc., with information dating back from 2000:Q1 S.E.C. filings and stock market closing prices.
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The Pujo, Pecora and Born Investigations and Their Aftermath

In Economy on January 13, 2010 at 3:04 AM

Congressional investigations are common in the wake of financial panics, including those of 1907, 1929 and 2008. Appropriately, The Financial Crisis Inquiry Commission is such an investigation, undertaken starting today, with an initial hearings phase scheduled before Congress. This Iraq Study Group-modeled commission will potentially hold a candle to forerunner inquiry commissions of the past 20th century — read Financial Crisis Inquiry Commission: A User’s Guide.
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Thoughts of Athens, Manhattan, Oscar Wilde Defining Decadence, and Gray Poets: Chesnutt & McCourt

In Apotheosis on January 6, 2010 at 12:20 AM

Frank McCourt, the great Irish-American writer/professor, is inside of a grave now, as is Vic Chesnutt, announced Christmas Day 2009. The Decade of Decadence, typed 00’s, is hard to pronounce in word. Here are my secondary thoughts on The Roaring 00’s, Thoughts of Athens, Manhattan, Oscar Wilde Defining Decadence, and Gray Poets: Chesnutt and McCourt.
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Lords of Finance, 2009

In Economy on January 1, 2010 at 12:15 AM

5-4-3-2-1-

The Roaring 00’s are now ended!  A decade of decadence arguably for many and a decade of pursuit of happyness arguably for few, culminated, spoken for and ending in a jobless recovery for the United States economy as we progress into 2010. To be sure, the Subprime Recession is technically ended — in fact, it ended back in September according to Federal Reserve Chair Ben Bernanke. 
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