Prudent Bear U.S. Economy: Jobless Rate Soars and Payrolls Plunge by 598,000 Employers slash 598K jobs in Jan., most since `74 Geithner’s Bank Rescue May Emphasize Guarantees Over ‘Bad Bank’ Democrats Ready to Press Ahead on Stimulus Vote Dispute intensifies on US stimulus plan Treasuries Decline as Traders Shift Focus to Quarterly Auctions Yen, Dollar Fall as Bets Stimulus to Pass Reduces Haven Demand Oil falls drops below $40 on dismal jobs report U.S. Stocks Rally on Speculation Jobs Data to Spur Stimulus "Back in 1980, the debt of slightly less than a third of U.S. industrial corporations tracked by Standard & Poor's was rated junk. By the late 1980s, more than half were, and now 71% of the pie fits into that category, a record according to a new S&P report." Wall Street Journal, 1/4/07 by Doug Noland | Jan 30 Inflationism: The Bane of Capitalism It is one thing prescribing government policy to thwart financial implosion. It's something altogether different to call for a government-led revival of asset inflation. by Martin Hutchinson | Feb 2 Until the House Republican revolt this week, there has been a worldwide consensus that the way to get out of a deep recession is through fiscal "stimulus" – gigantic gobs of public spending that explode the budget deficit but provide jobs to those without them. by Satyajit Das | Jan 23 As the “financial’’ crisis moved into the “real” economy at the end of 2008, the incomprehensible discourse about arcane minutiae of securitized debt and derivatives (toxic three letter acronyms such as ABS, CDO, MBS, SIV; CDS etc,) that no sane person really understood, could be abandoned for the more familiar language of “recessions” and “depressions.” Familiarity, no matter how terrible, is comforting. by James Quinn | Feb 4 Ghost Malls - Coming to Your Town The illustration of Old West ghost towns is something that every American can relate to.Market Movers
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