Category: Markets

The Man Who SHOULD Head Treasury

17 September, 2009 By David Caploe PhD, Chief Political Economist, EconomyWatch.com We’ve noted in recent postings that informed observers knew before Barack Obama took office that he was – sadly – unlikely to do much more in economic policy than mimic the paltry and blatantly inadequate efforts of the Cheney / Bush regime, symbolized above all by the Paulson “Plan”, which, in the aftermath of last year’s Black September meltdown, basically begged banks to take taxpayer money and lend it.

First, Kill All the Accountants

“The first thing we do is kill all the lawyers”, Shakespeare, Henry VI. 

A Tale of Two Wall Streets

15 September, 2009. Lower Manhattan is always a bit of a strange and wonderful place, with the Federal / State / City government complex a short taxi ride away from Wall Street, Little Italy cheek-by-jowl with a Chinatown that has yet to recover from the economic devastation of 9/11, whose ruins still lie just a few blocks away, even as ever-hip Tribeca and Battery Park continue to shine. 

Wall Street Crash: One Year After Meltdown, Has Wall St Changed?

Wall Street, New York, US, 14 September 2009.

Personal Tax Down & Fiscal Deficits Up in Indian Union Budget 2009-2010

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

US Economy: Obama Announces Plan for Economic Recovery

Washington, 25 Mar. Today US President Barack Obama announced his plan for economic recovery. Included in this strategy includes means to create new jobs, reviving the housing market, and reestablishing liquidity in banks and getting them to resume lending.

Obama said, “We are beginning to see signs of progress. The budget I submitted to Congress will build our economic recovery on a stronger foundation, so that we do not face another crisis like this 10 or 20 years from now.”

India Economy: On the Road to Recovery?

New Delhi, 11 Mar. Top Indian economic adviser Suresh Tendulkar recently reported that the nation’s economy could be on the path to recovery. This came with the Reserve Bank of India (RBI) cutting the reverse repurchase rate to 3.5% and the repurchase rate to 5%.