The markets are confused by Ben Bernanke’s testimony; but they really shouldn’t be. Bill Tatro also joined the program to talk about some of the unexpected items that might wage war on this so-called “recovery.”
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Buy things when nobody wants them. (Assuming people will want them in the future.)
Durable Goods are up! Surprisingly Bloomberg’s Chief Optimist, the ever positive Michael McKee, found some bad news in the report. . . Watching Mike McKee report “bad” news is kinda like watching a sad clown:
It turns out that some of the more profitable sectors (like the tech sector) aren’t making their profits by expanding. . . They’re simply cutting costs. With Obamanomics here to stay for a while, growth is just not possible, but layoffs are always an option.
Ezra Klein is an Idiot:
Nancy Pelosi on the IRS scandal: It’s Bush’s fault. (See, the buck always stops in Crawford Texas.)
Um. . . If our economy was doing better, wouldn’t we have less people dependent on the government for food?
Kinda makes you wonder: Why were conservatives overjoyed with man?
Viva la France: