Although I am a conservative, I do believe gridlock is the best form of government. If there were a Gridlock Party, I’d join. It’d be the party that doesn’t do anything. Heck, doesn’t even go to Washington DC. Just stays home and watches The View and Ellen.
Anyway, 100% long the stock market. No portfolio changes. Just letting the profits rip, as they say. Yes, it will end with something more than just a day pullback or even just a few hours worth of reversal. But acting on mechanical systems (like the Black Box, which is still on a sell), can often lead to whipsaws. Better to get some real-life confirmation.
Ford is brining 1200 jobs to Michigan. Excellent!
Ford Motor company said it will create up to 1,200 jobs in the distressed state of Michigan as it ramps up its engineering and manufacturing operations to produce more fuel-efficient cars.
Lured by state tax incentives, the automotive company announced Monday it plans to invest $850 million in new fuel-saving technologies between 2011 and 2013.
We need a feel good story now and then.
President Obama is on the campaign circuit, touting his job creation record. No, really – he is.
Obama's attacks on Republicans have done little to dent voter disappointment with his economic policies, which have so far failed to bring down unemployment stuck near 10 percent.
Delivering change is hard and it is understandable that people are discouraged, "but we're just in the first quarter," Obama told a Democratic fundraising event in Providence. "We have a whole game to play."
Pull the quarterback! Pull the quarterback! Isn’t Todd Bauman available?
Nothing attracts bond investors like a negative yield!
Investors are so worried about renewed inflation that for the first time ever they paid for sub-zero yields on TIPS.
The government on Monday auctioned $10 billion in 4½ year Treasury Inflation-Protected Securities, better known as TIPS, at a yield of -0.55% — the first time TIPS ever sold for a negative yield.
TIPS pay a modest fixed interest rate, but the government adjusts the principal in TIPS to track the change in the consumer price index. So investors' returns are compensated for inflation.
Investors pushed up the price of the TIPS auctioned Monday to $105.50 for every $100 of face value, resulting in its -0.55% yield. If inflation stayed at zero the next five years, the fixed interest payments — currently 0.5% — wouldn't be enough to repay the purchase price, resulting in a negative yield.
Sweet!