fly at night

A double-dip recession is now not out of the question. Such a condition could add years to the recovery.

That is one hell of a Platinum Card!

True statements all the way around…

The SacBee reports this morning: The Bureau of Labor Statistics said the state’s unemployment rate jumped three-tenths of a percentage point during the month. This ties CA with Oregon as the 4th worst state.

The Obama administration may have a small problem: Giving the banks their test results Friday, more than a week before they’re to be released, is supposed to give them time to process the data internally. But it could lead to speculation and turbulence as information leaks out — especially from strong banks that wish to [...]

The markets are still heading south. With each White House pronouncement comes another drop. February 09 results are now in the books. The down closed the month at $7,062.93, down $1,218.29 (-14.7%) for the Obama year and about $938 for the month. The techs didn’t fare well either losing $151.49 (-9.9%) and ending at $1,377.84. [...]

35 days into this new Administration we find the markets are unimpressed with this new direction. The Dow plunged to October 1997 levels ending today’s trading at $7,114.78. That represents a drop of $1,166.44 (-14.09%) since Obama assumed control of this economy. The S&P fell to April 1997 levels at $743.33. This is a decline [...]

Wells Fargo & Co has cancelled its well publicized junket to Las Vegas. (Via Drudge) WASHINGTON (AP) – Wells Fargo & Co. (WFC) (WFC) abruptly canceled Tuesday a pricey Las Vegas casino junket for employees after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money. The company initially defended the [...]

FLASH – 58 votes in the U.S. Senate is not enough to pass the stimulus bill. From the Washington Post Senate Democratic leaders conceded yesterday that they do not have the votes to pass the stimulus bill as currently written and said that to gain bipartisan support, they will seek to cut provisions that would [...]

Here is an Recovery Act for America that contains a political provision that excludes one state unless the governor is removed from office (Section 1112). This from a party that wants due process for Gitmo inhabitants but not for a citizen of this country. None of the funds provided by this Act may be made [...]