A Jobs Jamboree Friday!
May 8th, 2009 | By Chuck Butler | Category: Financial NewsStress tests finally print! The Gov’t wants you to “feel good”… Job losses decline on a weekly basis… Happy Mother’s Day! And Now… Today’s Pfennig!
Stress tests finally print! The Gov’t wants you to “feel good”… Job losses decline on a weekly basis… Happy Mother’s Day! And Now… Today’s Pfennig!
With dropping oil prices and the current global attitude on commodities, Horacio Marquez of Money Morning recommends this offshore drilling company as a top performer in its sector.
“We have never seen such a foolhardy effort on the part of the world’s governments to prevent a correction,” says Bill Bonner. The market is not being allowed to work as it should. First Wall Street told us we could borrow and spend forever. And now messieurs Bernanke and Paulson tell us they can fix this mess. Bill says all they will succeed in doing is creating the next major monetary crisis.
U.S. stocks soar! Currencies rally! Consumer Confidence at an all-time low! Getting off the bench! And Now… Today’s Pfennig!
Billionaire investor George Soros just gave a great interview with PBS’s Mill Moyers. In it he said the massive breakdown in turst on Wall Street marks the “end of an era.”
It’s not a new subject for Soros. He accurately predicted the crisis in subprime loans that punctured the lung of the financial markets.
In the interview Soros also slammed Treasury Sectretary Hank Paulson, saying the onetime Goldman Sachs boss was part of the very Wall Street system of “financial engineering” that caused the crisis in the first place.
Those who were blindsided by the recent financial meltdown are now loudly blaming the “free market” for its failure to police its own excesses, and are calling for greater regulation to prevent future disasters.