Capital Commerce


June 2008


Congress Ready for Homeowner Bailout

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Eventual passage of the $300 billion Dodd-Frank foreclosure bailout bill is as about as close to a cinch as you can find in Washington. Either Congress will come up with a compromise that the White House can live with, my sources tell me, or it will pass the bill over a Bush veto. All this by the ...

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TAGS:
Congress
housing

McCain: Drill Here, Drill Now

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Again, when Capital Commerce speaks, Washington listens. Just a day after I wrote about how John McCain would be smart to play down climate change and focus on energy security and increasing oil supplies through offshore drilling, he gives a speech doing just that. Unfortunately for him, Barack ...

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TAGS:
McCain, John
oil

Dude, Where's My Recession? The Series

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I keep looking for allies to join my antirecession stance. (BTW, the Intrade betting market puts the odds of recession at just 28 percent.) I think I just found another one in Anatole Kaletsky, the economics columnist for the Times of London:

But is America really in recession? Experts seem to think ...

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TAGS:
recession
economy

A Rosy Scenario for the Economy

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Investment strategist Ed Yardeni outlines an upbeat scenario for the economy and the stock market:

So where do I see the S&P 500 by the end of the year? On Tuesday, Joe and I lowered our forward earnings forecast to $100 per share for the end of this year, down from $103. It is currently at $99.92.

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TAGS:
economy
stock market

Why the Economy Is Better Than You Think

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The media love bad news. Bad news sells. A story with the headline "America's Best Airports" probably won't be as popular as a story called "America's Worst Airports." For another example, here's a story about the U.S. economy from the latest issue of Newsweek, "Why It's Worse Than You Think."

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TAGS:
economy
media

Dude, Where's My Recession?

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Yet more evidence today that we are not in a recession:

1) The Institute for Supply Management nonmanufacturing index for May came in at 51.7. That is consistent with an economy growing at about 2 percent a year or so.

2) The ADP private payroll report showed a gain of 40,000 jobs for May. This ...

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TAGS:
recession
economy

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