Obama criticized for the wrong reasons

“The administrati0n’s stimulus program has failed.” Thus began an op-ed by economist Allan Meltzer, of Carnegie Mellon University, in the Wall Street Journal of June 30. Yes, the gazillion dollar splurge failed – but not for the reasons Meltzer, or any other critics of Barack Obama’s administration tend to push. The stimulus bill failed because […]

A 19.7 drop in GDP. Imagine that

And you thought your country had problems… Imagine this: Singapore reported a blistering 19.7% SAAR* GDP drop in the first quarter of this year. That comes after the 16.4% registered drop in Q4 2008. I guess that’s the price you pay if you’re a one-trick pony. Which in this case is Singapore’s dependence on its […]

This bubble is different

The housing bubble that burst is different from any other bubble in recent times. The economic crater it caused is also much more frightening than anything seen in 50 years.

The balloons must be emptied first

STOCK MARKET CRASH

McCain’s velcro economy message

QUICK: Obama’s main gun now silenced?

QUICK: McCain going after Obama strong suit – again

QUICK: Obama seems back on track

Keeping up appearances: the US economy

“Ever get the feeling you’ve been cheated?” shouted John Lydon, singer of The Sex Pistols, at the end of their last (real) gig. One can only wonder how many Americans wake up each morning, and feel that somehow they’ve been cheated as well. Millions of them grew up with mom and dad telling them they […]