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By Robert Schroeder, MarketWatch
Last Update: 1/7/2009 10:26:00 AM
WASHINGTON (MarketWatch) — The U.S. government will run a $1.2 trillion budget
deficit in fiscal 2009, the Congressional Budget Office estimated Wednesday,
offering a stark assessment of the red ink facing the country and the incoming
administration of President-elect Barack Obama.
The nonpartisan office said in a report that the ongoing U.S. [...]

The stock market, could (but who really knows) be looking at a global recovery without us. Thus, at some point the DOW goes to 50,000 (due to devalued dollars and earnings converted to dollars) but, you won’t be able to buy anymore with DOW 50,000 dollars than you can with DOW 9,000 dollars.
If the “trillion [...]

We have been in an overly optimistic mode since Obama was elected, and this has been global. Toyota announces an 11 day plant closure in Japan and the Nikkei rises. Stocks rise here on individual company good news, but don’t fall on systemic bad news. Government bailouts go to banks to give them money to [...]

They have always been (for the past 100 years, anyway) so dumb they would sell your kid to science for a freshly printed $1 from a crooked banker.
Congressional stupidity is how the private Federal Reserve gets away with printing cash to bankroll the pre-WWII Japanese navy, the lion’s share of Hitler’s war machine, and finally [...]

You don’t have to be a rocket scientist to know that 2009 will be much worse than 2008. I took a drive around one of these “outlet centers” yesterday (in Southern California). There are probably a couple of hundred stores in the complex. Mainly designer clothing but a mix of other merchandise. 70% off in [...]

As 2009 arrived, the second year of the recession, everyone should be careful how the situation change in order to protect yourself whether you play stock market or not. For doing that, you have to properly monitor the market. A lot of uncertainties laid ahead, I can’t predict the short-term movements of the stock [...]

2009 we should see lots of funds dieing and forced deleverageing. This happy talk of recoveries will end up being just that happy talk.
This recession/depression shouldn’t be a surprise to anyone. It was 30years in the makeing starting with voodoo economics.
We are leaving the era of borrowing behind and entering an era of savings.
This will [...]

1) Federal subsidies for mass transit systems to get them through the economic crunch without fare increases that would discourage ridership.
2) A massive subway and commuter rail construction plan. Even NYC is inadequately covered by its subway system, especially in the out boroughs. Other cities have it worse or don’t even have subway systems. Fixing [...]

By Craig Stephen
“If you want to invest in China, do not try to pick winners among businesses. Instead, follow government policy.
That was the advice given by one seasoned China private equity investor speaking last week at Hong Kong’s annual Venture Capital Forum held at Cyberport. To be honest, I had expected some secret investment recipe [...]

I have noticed a significant amount of negative sentiment with you guys the last few months. I believe that this market needs a healthy dose of Positive Mental Attitude, so why don’t we start here. I will list everything I can think of now, and you guys feel free to add to the list.
1) [...]

The only ones who speak confidently are those who have been saying the same thing for 30 years and now feel vindicated. What is a Trader to think?
We broke 8000. That is bad. The Nasdaq is under 1400, a level less than a third it’s all time high and close to the level of the [...]

NEW YORK (Dow Jones)–Online retailers are feeling the economic pinch like
brick-and-mortar shops, with Internet retail sales up just 1% in October,
according to comScore Inc. (SCOR), the lowest monthly growth since the firm began
tracking the figure in 2001.
Monthly sales growth has been slowing since April, down to 5% in September from
the year-ago period, as consumers became [...]

CELENTE PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012
“The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than [...]

“Hartford said it may be eligible for a capital purchase of between $1.1 billion and $3.4 billion under existing Treasury guidelines”
They spent $10 million on the S&L, they’re eligible for between 110X to 340X that 10 million. Everybody and their dog (American Express) are positioning themselves to steal a share of the taxpayer’s 750 [...]

I’ve seen posts that display an almost arrogant sense of confidence that “there can never be another depression” because the mythical monetary base is expanding dramatically (btw - go check the charts on monetary base right before the depression and you’ll see nearly a direct match to today).
I wish I could feel so confident. [...]