Submitted by CARPE DIEM

“The history of anti-recession efforts is that they are almost always initiated too late to do any good. The chart above (click to enlarge), based on recession timelines from the National Bureau of Economic Research, shows the enactment of stimulus plans is a fairly accurate indicator that we have hit the bottom […]

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Submitted by CARPE DIEM
A recent CD post had this quote from Hillary Clinton in 1996:
“The unfettered free market has been the most radically destructive force in American life in the last generation.”
The Dispatches from TJICistan blog responds to Hillary:
What did the market bring us in the generation between 1966 and 1996?
In Cars: Airbags, antilock breaks, […]

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Submitted by CARPE DIEM
Hint: More than 200 million have been sold since its launch in 2003, beating out the Sony Playstation (115 million) and the Apple iPod (110 million).
You might be surprised, find out here and here.
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Submitted by CARPE DIEM

NY Times: Venezuelan president Hugo Chávez has tightened his grip on the country’s political institutions, imposing his socialist vision and threatening to assert greater state control over many parts of the economy.
Result: A wave of Venezuelans, mostly from the middle and upper classes, have fled to the United States. Weston, a suburb […]

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Submitted by CARPE DIEM
From today’s NY Times Technology section:
India’s IT services market is forecast to grow to US$10.73 billion by 2011, at a five-year compound annual growth rate of 23.2%, as outsourcing emerges as a more favored option for companies in India.
As companies are finding it more difficult to hire and retain staff in […]

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Submitted by CARPE DIEM
China Daily–The national urban and township unemployment rate was reduced to 4 percent last year, thanks to the creation of more than 12 million jobs and despite more people entering the workforce, a top labor official said yesterday.
The number of jobs created exceeded the target of 9 million set at the beginning […]

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Submitted by The Capital Spectator
No one knows if the Fed’s aggressive 75-basis-point cut in interest rates yesterday will soothe the markets and stabilize the economy. But slicing the price of money so deeply in one fell swoop rearranges risk, creating new opportunities and new pitfalls in the process.
Let’s start with the suspicion that the […]

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Submitted by Businomics Blog
The largest banks in the country were profitable last year. Capital impaired? It’s hard to be capital impaired when you’re hitting record earnings. How does this square with all the bad news? The losses were largely in the fourth quarter and were smaller than the profits recorded earlier […]

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Submitted by A Dash of Insight
There is an old rule — and a good one — for traders: Do not let a trade turn into an investment.
For individual investors we submit the alternative: Do not let an investment turn into a trade!
Individual investors tend to look at big declines and bail out of […]

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