Items of Interest:
U.S. Bureau of Economic Analysis:
GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (Final) — Fourth quarter 2008 — Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 6.3 percent in the fourth quarter of 2008 …
Diana Golobay / Housing Wire: GDP Contracts 6.3% Annually in Q4
Jack Healy / New York Times: Shares Higher, Despite Mixed Economic Signals
New Home Sales Fell 41% in February 2009 -- No, New Home Sales data did not improve. In fact, they were not only not positive, they were actually horrific. The year over year number was a terrible down 41%. Sales from this same period a year ago have nearly been halved...
Richardson & Roubini, NY Daily News: Give Credit to Geithner's New Plan
John Tamny / RCM: Once Again, Timothy Geithner Gets It Exactly Wrong
James Pethokoukis / Capital Commerce: Alternatives to the Geithner Plan
Lee Brodie / Fast Money: Has Tim Geithner Rescued America?
Dealbook: Dick Bove: Are Those Bank Assets Really So Toxic?
Jennifer Rubin / Commentary: The Flim-Flam — Smart people differ on how successful Tim …SusanUnPC / NO QUARTER: The Identical Plutocrat Pigs Who Destroyed the Economy Are Eating …Henry Blodget / Clusterstock: How Tim Geithner Is Robbing You BlindNouriel Roubini / Nouriel Roubini's Global …: Jeff Sachs's Critique of the Geithner Plan
Rahm Emanuel's profitable stint at mortgage giant — Short Freddie Mac stay made him at least $320,000 — Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up …
discussion:Mark Silva / The Swamp: Rahm Emanuel's Freddie Mac profitsDan Collins / pw: Rahm & Stimpy — At Commentary, Jennifer Rubin plucks …Preston Taylor Holmes / Six Meat Buffet: More On The DeSantis Thing — Karl D. says call the Waaaaahmbulance for Jake.Steve / Sweetness & Light: Emanuel Got $320K For Freddie Mac StintPejman Yousefzadeh / The New Ledger: Rahm Emanuel's Got Some ‘Splainin’ To DoTaegan Goddard's Political Wire: Emanuel's Profitable Stint at Freddie Mac
Ben Armbruster / Think Progress: Beware — Gingrich Warns That Obama's Financial Regulation Plan …Steve Chaggaris / CBS News: Morning Bulletin - Thursday, March 26, 2009Hans Bader / OpenMarket.org: Geithner Seeks More Power to Ruin Our EconomyPatricia Murphy / Political Machine: Morning News Round-UpNew York Times: Geithner to Outline Major Overhaul of Finance RulesMary Kane / The Washington Independent: Geithner's Plan and the New Reality of Shanty TownsKrooney / TIME.com: Geithner Gets Down to BusinessKarl Denninger / The Market Ticker: Geithner Grows a Brain?Chris / AMERICAblog News: Geithner to launch regulation & oversight planDomenico Montanaro / MSNBC: First 100 days: More financial overhaulThink Progress / BeltwayBlips: Geithner to Propose Vast Expansion Of U.S. Oversight of Financial SystemJames Piereson / The Corner: Too Big to Fail, Once More
Obama's Spending Billed As 'Investment' -- As every politician knows, if you define spending as "investment" it sounds less extravagant. Take that new car you’ve always wanted. The $40,000 price tag is high. But hey, if it’s an investment in the future, it may last longer and save money on repairs, and so, you tell yourself, maybe it pays for itself....
discussion:James Joyner / The Atlanticist: Geithner Dollar Remarks Create PanicScared Monkeys: Treasury Sec Geithner Was the Only Man for the Job? …Jules Crittenden: China's Bull ShopRebecca Christie / Bloomberg: Geithner Remarks on IMF Roil Foreign-Exchange MarketAmbrose Evans-Pritchard / Telegraph: US backing for world currency stuns marketsEd Morrissey / Hot Air: Fumble! Geithner speaks, dollar divesMark Steyn / The Corner: Closing Tim — I understand the advantage to President Obama …Fausta / Fausta's Blog: Geithner's on-the-job trainingDrewM / BeltwayBlips: Fumble! Geithner speaks, dollar divesMyglesias / Matthew Yglesias: Right-Wing Echo Chamber Fomenting Panic About Fake Sino-Russian Global Currency Plan
Betsy Newmark / Betsy's Page: How the Supreme Court might look at the tax on executive bonuses
J. Kwak / Baseline Scenario: Are All of These Rescue Plans Constitutional?
Jesse McKinley / New York Times:
Dan Collins / pw: Fact-Checking Obama's PresserSara K. Smith / Wonkette: Nation Of Shantytown-DwellersDoug Stanglin / On Deadline: Tent cities pop up in small towns as well as bigJoe Sudbay / AMERICAblog News: Does living in a tent city count as sacrifice? How about losing one's job?Chris Packham / Plog: Daily Briefs: Dem a loot, dem a shoot, dem a wail, a shanty townMary Kane / The Washington Independent: The Abandonment of America's CitiesHilzoy / Washington Monthly: Hoovervilles — From the NYT: … This is Guillermo Flores:BeltwayBlips: Cities Deal With a Surge in Shanty Towns
Schwarzenegger Opens California Fairgrounds to Homeless Camp
- Where's the Plan, Wall Street? - Andrew Ross Sorkin, New York Times
- The Last of the Bear Raids? - Andy Kessler, Wall Street Journal
- A Free Trader's Proud Support of Card Check - Jagdish Bhagwati, TNR
- This Market Rally May Be For Real - Michael Mandel, Business Week
- Investors Blinded By Recovery Hopes - David Callaway, MarketWatch
- You Can't Have a P/E Ratio Without Earnings - Jonathan Weil, Bloomberg
- The Government's Influence On the Stock Market - Alan Reynolds, Forbes
- MTM: Weakening a Market Watchdog - Arthur Levitt, Washington Post
- Look Who's Really Getting Taxpayer Goodies - Allan Sloan, Fortune
- AIG Letter Reflects Tone Deaf Wall Street - Brian Montopoli, EconWatch
- The Value Of Your MBA Is Collapsing - Joe Weisenthal, Clusterstock