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Monthly Archives: January 2010
Stimulus and inventory re-stocking ramps up Q4 GDP
The first estimate of US GDP today came in at 5.7% Q/Q annualized for Q4. This was the second consecutive quarter of GDP growth, and the first of 2009 to resemble anything like a post-recession bounce. The print came in … Continue reading
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George Soros from Davos on Obama's banking proposals
George Soros did a 30 min interview with Bloomberg from Davos, and explains why he supports Obama's proposals to limit proprietary trading at banks. See the clip here.
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AIG hearing testimony today
Honestly, I think everyone should watch some of this testimony and cross-examination from the hearing today. It is remarkable. I was trying to explain what happened to my kids as they watched some of it. No small feat to explain. … Continue reading