I just wanted to point out a wonderful financial news blog that, although completely non-partisan, should be a weekly read for anyone looking to keep up with important economic news. The analysis is immaculately insightful yet incredibly down-to-earth and sensible. The blog is run by distinguished entrepreneur and . Just a sample of “This Week in Barrons – 08-30-09″, which :
Obama just appointed Ben “helicopter” Bernanke to another term. The market rejoiced – after all – where else can they find a gent so willing to completely indebt the middle class for decades on end, and at the same time collude to give bankers their bail out money, allowing them to make billions? My simple question is: Is Ben really fixing anything, or just delaying the inevitable? Aren’t we all a little bit amused when we hear: “Housing has bottomed” – and we find out that (a) Uncle Sam is giving away $8K dollar bonuses to first time buyers, (b) the FHA has lowered credit and income restrictions and is allowing 3% down payments, and (c ) banks have now started packaging toxic loans with prime loans and selling them as AAA again. Not to mention the tidal wave of foreclosures sitting “off the books” just waiting for the right time to hit the market.
Meanwhile, China is rapidly doing just about anything they can to get away from “dollars” and since selling them on the open market will crush the value of the ones they still hold, they’ve decided to go on a global shopping spree.
Do yourself a favor and , or .
Last 5 posts by Aaron Marks
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- The Youth Vote and the 2009 Elections - November 6th, 2009
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