Tags: Deficits + Economy + Ginnie Mae + GNMA + Housing Bill + Tax cuts
One would think that the Government National Mortgage Association (GNMA), a direct obligation of the US Treasury, would make the news since we have a financial crisis in the mortgage market and moderate income and sub-prime loans are what Ginnie Mae does. Yet the traditional media doesn’t (publicly) ask about it, nor does the Fed, the Treasury, the […]
June 24, 2008 - Economy, Markets, Politics - 0 Comments
Tags: China + Energy + Oil + OPEC + Paulson + US-SINA
One day after the Sina-US Economic Dialogue China announced it was raising prices on electricity, gasoline, diesel oil and aviation kerosene to reduce demand and help its domestic refiners. US investors were surprised by the news announced late in the day and oil fell almost $5.00 a barrel. This weekend Saudia Arabia will host a Oil […]
June 20, 2008 - Politics - 0 Comments
Tags: 2008 Election + Convention + Deficit spending + Democrat + Healthcare + Iraq + McCain + obama + Republican + VP
McCain vs Obama in the 2008 elections. Even before either candidate has picked their running mate, SB predicts McCain will be the winner because while Americans want change they are also realists. Obama’s message harkens to the idealist, youth, and those quite frankly fed up with Wasington not doing the peoples’ business. Obama’s platform advocates higher […]
June 17, 2008 - Politics - 0 Comments
Tags: Deficit + Dollar + Economy + Fed + G8 + Osaka + Paulson + Treasury
Secretary of Treasury Hank Paulson talks a strong dollar. He’ll even summit again shortly on June 14th in Osaka Japan at the G8 economic meeting to restate the Bush Administration & Treasury’s commitment to a strong dollar. He’ll pay lip service to potential US currency intervention on the dollar’s behalf, but the fact of the […]
June 11, 2008 - Economy, Markets - 0 Comments
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