Capital Commerce


September 2008


Is the Credit Crisis a Myth?

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What credit crisis? That's the question being asked by the antibailout crowd in the blogosphere. These folks point to an analysis written by economist Robert Higgs where he points to various measures of lending activity and finds them fairly robust. Here is the problem: Those measures are from ...

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TAGS:
credit
loans

Sarah Palin: Bailout or Great Depression. Choose.

Sarah Palin gets it. This is how Bernanke and Paulson need to be talking:

Katie Couric: If this doesn't pass, do you think there's a risk of another Great Depression?

Sarah Palin: Unfortunately, that is the road that America may find itself on. Not necessarily this, as it's been proposed, has to ...

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TAGS:
running mates
2008 presidential election
Palin, Sarah
Wall Street
government intervention
Great Depression
economic depression

Wall Street May Be Bailing on the Bailout

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Considering that the Paulson-Bernanke bailout plan is supposed to be helping Wall Street, some on Wall Street suddenly seem less enthusiastic. Check out what market strategist Ed Yardeni, a guy who has been pushing for the Mother of All Bailouts for months, is telling clients this morning (bold is ...

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TAGS:
Wall Street

Bailout Prevents Great Depression 2.0

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What would be the dollar cost of not bailing out Wall Street? Try a number north of $30 trillion. (The awful math is detailed below.) That's why Hank Paulson and Ben Bernanke were so scared last week. And, yes, I think "scared" isn't too strong a word. You don't think they convened an emergency ...

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TAGS:
stock market
economy
Wall Street
government intervention
Great Depression
depression
Paulson, Henry
Treasury Department

The Colossal Bailout of 2009

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"We've planned for various contingencies" is how one economic adviser to Barack Obama recently described to U.S. Newswhile declining to go into the messy details—how a future Obama administration would respond to a worsening of Wall Street's credit crisis.

This cautiously cryptic statement was made ...

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TAGS:
government intervention
Wall Street
stock market
Lehman Brothers
AIG, Inc.
Treasury Department
Federal Reserve

The Fed and the Zero Handle

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When I noticed just now that the three-month treasury bill was, like, almost 0.00%—actually 0.04%—it did not compute. What that means is that people are desperate to find super-safe places to park their money. (That fear can also be seen in the $80-plus jump today in the price of gold, considered ...

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TAGS:
Federal Reserve
interest rates

Some Good Economic News

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Here are a couple of rays of sunshine, via Reuters. First, the suits seem to be getting a bit more chipper:

NEW YORK—Chief financial officers are more optimistic about the direction of the U.S. economy, but remain concerned about consumer demand and weak credit markets, according to a ...

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TAGS:
economy

Lt. Commander John McCain Reporting for Duty

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Jimmy P. at the RNC—Tonight, John McCain has to pretend he's walking into an aircraft carrier "ready room" full of concerned aviators waiting to hear what exactly the mission is and how they can accomplish it. America needs to hear The Prosperity Plan and how it will lead to economic victory:

From ...

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TAGS:
economy
McCain, John
2008 presidential election
Republican Party
Republican National Convention
speeches

Is Sarah Palin a Cubbie Fan?

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Jimmy P. at the RNC— The GOP ran out of time last night and never got to show its Sarah Palin video. I assume it will soon be posted at the RNC's convention website. But I just saw a clip on Fox News. In it, Todd Palin is shown wearing a Cub's hat. Might Sarah Palin be a Cub's fan as well? And if ...

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TAGS:
Palin, Sarah
baseball
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