The Speech

Couldn’t get to this earlier in the day, so I’m going to go through as much of the commentary as I can right here and now.
The complete transcript is here. Video is here, and below:

Rather than tell you what I thought of the speech (you probably already know, anyway), I am going to let you [...]

Heck of a Job, Brownie . . .er-r-r Cox

Just a month and a half ago Republican Senator, Chuck Grassley, Republican of Iowa, ranking member on the Senate Finance committee released this letter regarding Securities and Exchange Commission agreement to more oversight of self-regulatory organizations such as the New York Stock Exchange (NYSE).
More expanded reporting of the story at the end of February here. [...]

Is War Causing the Recession - Pt 2

Back here in Part 1, we were talking about this
And when there is competition for money, the cost goes up. The cost of money is figured in the interest rate that must be paid to get the money.
[ snip ]
What I want to focus on is not how much the government is spending but where [...]

Thought of the Day

We’re probably heading for $6 trillion or $7 trillion in capital losses in housing.
Paul Krugman