Broad Oak Magazine

Mark Zandi – chief economist for Moody’s – has calculated which stimulus programs give the most bang for the buck in terms of the economy: ...

(Big figure ) ( Little figure)

According to Paul Kedrosky ( htp: Tim Iacono ), Hank Paulson and Ben Bernanke scared the wits out of Congress with references to a potentia...

A piece by the columnist and Nobel-prize winning economist Paul Krugman: http://www.nytimes.com/2009/02/02/opinion/02krugman.html?_r=1&e...

Could any of the leading nations have retained their moral fibre during the monetary inflation of the last decade and more? Wouldn't pru...

An open letter that I received via email: ____________________________ To: Troy Clarke President General Motors North America Response ...

"... Congress doesn't know how much money he (Treasury Secretary Henry Paulson) has given away to anyone." - an estimated $29...

Marc Faber : There are two possibilities. Banks go under and the stakeholders are left with nothing, as is the case with Lehman Brothers, or...

Hard on the heels of the $700 billion US bailout bill comes the UK's £400 billion rescue plan. Oddly, this latter figure, in dollar term...

... and while we're discussing the potential in backing the horses that China bought into: New York Times, 4 September 2008: China’s cen...

I said in the previous post that I remembered some US official flying to China last year to flog mortgage-backed securities to them. Found ...

On Thursday , I noted that, in the last 12 months, America has paid over $400 billion in interest payments on "the debt", AND incr...

The Saviour Bill is passed, and with a sigh of relief, the Dow... DROPS 157 points, as the dealers begin to realize that 200m American taxpa...

Jesse reports on an FT article from Wednesday, which suggests that the "hurry-up-and-give-us-$700bn" is to do with the need to re...

Treasury debt information

I've just watched Democrat Senator Harry Reid try to sell the revised bailout bill, live on BBC News 24. He may have unfortunate body la...

I said in August that I thought powerful foreign creditors would refuse to be cheated, and now Karl Denninger tells us that the $700 billion...

Dow and FTSE back up again. Thought so. But unlike 1987, I don't think this will be over by Christmas. Bear market rally, don'tcha k...

After yesterday's "No!" in Congress, BBC "business editor" Robert Peston refers to a "breakdown in the US polit...

Congress just heard from the voters. Let's hope Horton listens closely.