Obama's Stimulus Plan: Failing by Its Own Measure
UK: House prices will stay in the doldrums for years, report predicts
Britain's housing market will stay in the doldrums until the middle of the next decade, and there is a 30% chance that prices will take until 2020 to return to their peak before the crash, a consultancy firm predicts.
http://www.guardian.co.uk/business/2009/jul/14/pwc-house-prices-recovery
Goldman Sachs bank profits soar
The bumper profits at Goldman Sachs come just nine months after $125bn was given to US banks.
http://english.aljazeera.net/news/americas/2009/07/2009714144854202210.html
Goldman Sachs execs sold $700m of stock: report
Most of the sales, worth 431 million pounds or 500 million euros, occurred when the firm enjoyed the support of 10 billion dollars in US government capital injections, the London-based newspaper said.
http://rawstory.com/news/afp/Goldman_Sachs_execs_sold_700m_of_st_07142009.html
Uncle Sam is $1 trillion in the hole
Federal budget deficit rises by $94.3 billion in June, pushing the total shortfall for the current fiscal year to $1.09 trillion.
http://money.cnn.com/2009/07/13/news/economy/treasury_budget/index.htm
Obama's Stimulus Plan: Failing by Its Own Measure
When Barack Obama was still President-elect, two of his chief economic advisers - leading proponents of a stimulus bill - predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
http://www.time.com/time/business/article/0,8599,1910208,00.html?xid=rss-topstories
From Information Clearing House
--------
Banks winning at expense of taxpayers
TCS Daily
by Larry Kudlow
07/14/09
Banks surged and stocks followed yesterday, mostly on the heels of high expectations for trading firm Goldman Sachs, which really is more of a hedge fund than a real bank. Last Thursday, I said banks are my favorite stock market sector. So I got it right one time in a row. With a steep upward Treasury curve, even a banker can make money borrowing at near-zero and lending at much higher rates...
http://www.tcsdaily.com/article.aspx?id=071409A
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Federal+budget
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=stimulus
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Goldman+Sachs
http://freepage.twoday.net/search?q=hedge+fund
http://freepage.twoday.net/search?q=Larry+Kudlow
Britain's housing market will stay in the doldrums until the middle of the next decade, and there is a 30% chance that prices will take until 2020 to return to their peak before the crash, a consultancy firm predicts.
http://www.guardian.co.uk/business/2009/jul/14/pwc-house-prices-recovery
Goldman Sachs bank profits soar
The bumper profits at Goldman Sachs come just nine months after $125bn was given to US banks.
http://english.aljazeera.net/news/americas/2009/07/2009714144854202210.html
Goldman Sachs execs sold $700m of stock: report
Most of the sales, worth 431 million pounds or 500 million euros, occurred when the firm enjoyed the support of 10 billion dollars in US government capital injections, the London-based newspaper said.
http://rawstory.com/news/afp/Goldman_Sachs_execs_sold_700m_of_st_07142009.html
Uncle Sam is $1 trillion in the hole
Federal budget deficit rises by $94.3 billion in June, pushing the total shortfall for the current fiscal year to $1.09 trillion.
http://money.cnn.com/2009/07/13/news/economy/treasury_budget/index.htm
Obama's Stimulus Plan: Failing by Its Own Measure
When Barack Obama was still President-elect, two of his chief economic advisers - leading proponents of a stimulus bill - predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
http://www.time.com/time/business/article/0,8599,1910208,00.html?xid=rss-topstories
From Information Clearing House
--------
Banks winning at expense of taxpayers
TCS Daily
by Larry Kudlow
07/14/09
Banks surged and stocks followed yesterday, mostly on the heels of high expectations for trading firm Goldman Sachs, which really is more of a hedge fund than a real bank. Last Thursday, I said banks are my favorite stock market sector. So I got it right one time in a row. With a steep upward Treasury curve, even a banker can make money borrowing at near-zero and lending at much higher rates...
http://www.tcsdaily.com/article.aspx?id=071409A
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Federal+budget
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=stimulus
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Goldman+Sachs
http://freepage.twoday.net/search?q=hedge+fund
http://freepage.twoday.net/search?q=Larry+Kudlow
rudkla - 15. Jul, 08:59
