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Let’s talk about today. Labor Day, it is called. History recalls that it was put into place by Grover Cleveland in 1894 after the Pullman Strike in which the US Military was used to put down workers. The legislation designating it a national holiday was rushed through Congress and signed in what must have been a record – . . . → Read More: The Market Ticker – Why Do You Labor? Three years late, but better late than never, I guess…. The unexpectedly deep plunge in home sales this summer is likely to force the Obama administration to choose between future homeowners and current ones, a predicament officials had been eager to avoid. There was never a way to do that. I’ve been documenting this for the . . . → Read More: The Market Ticker – What Took You So Long? (Housing) The August numbers are in, and they’re not pretty…. $211 billion in deficits in August, nearly a record for the year, second only to March with $333 billion. Social Security taxes (which were stolen, of course) provided a $13 billion "help". Here’s the updated graph: And now Obama is allegedly going to pop up with more insanity in the form . . . → Read More: The Market Ticker – So Where’s The Budget Discipline? First, head over to http://mycountrymyass.com Then, take a few minutes and listen…… Then…… go back to the above site and look at this gent’s attempt to start something. A peaceful something, that begins with you. With music. And watch for Monday….. when it’s . . . → Read More: The Market Ticker – My Country My Ass (Now This I Like) In a word, "good" Judge Dwight H. Williams Jr. of the U.S. Bankruptcy Court in Montgomery, Ala., on Tuesday granted summary judgment to Colonial BancGroup Inc., the failed thrift’s corporate parent, in a ruling dismissing the FDIC’s attempt to go after the parent for failure to maintain capital levels at the bank. As well he . . . → Read More: The Market Ticker – The FDIC Cannot Ignore The Law, Then Abuse It The Market Ticker has now completed the merge between the former Tickerforum comment area and the Ticker itself. All threads back to roughly mid-2008 have been merged, such that comments appears inline under the Market Ticker post itself. The old Ticker area on the forum has been set to read-only and demoted – there are about 300 . . . → Read More: The Market Ticker – Ticker Comment Merge Complete Yes. Funding terrorism. Funding nations that are on the restricted list. No, really. Nine banks have been caught up in the probe, and some are in discussions to settle, according to a person familiar with the case. Three have already. Last month, Barclays PLC in London agreed to pay $298 million and admitted to allowing payments on behalf . . . → Read More: The Market Ticker – More Bank Lawbreaking: Terrorism Links? Now this isn’t good… "The NMI (Non-Manufacturing Index) registered 51.5 percent in August, 2.8 percentage points lower than the 54.3 percent registered in July, indicating continued growth in the non-manufacturing sector but at a slower rate. Still growth, so good, right? Uh, there’s a problem, and it’s internal. the Employment Index decreased 2.7 percentage points to 48.2 . . . → Read More: The Market Ticker – Oh, A Worse-Than-Expected Surprise (Non-Manuf ISM) Well well well… now we get this from the "Bureau of Lies and Slime" Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for the decennial census completed their work. Private-sector payroll . . . → Read More: The Market Ticker – Employment Situation 9/3 This amused….. "I believe that monetary accommodation alone cannot buy happiness," Fisher said in the text of remarks to the Greater Houston Partnership. What if it fails to buy anything at all? It might not, you know. Just like drugs always feel good when you first do them, monetary distortions – negative real interest rates, which The . . . → Read More: The Market Ticker – Fiscal Policy: The Fed, Romer, And A Path Forward |
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