Non-Confirmations   Nov 4, 2009, London Ministers yesterday launched a £50billion bailout of Britain's crippled banks – and warned there could be worse to come.  State-controlled lenders Royal Bank of Scotland and Lloyds Banking Group will receive fresh injections of taxpayers' money totalling £39billion.   Charles Dow created his Dow Theory (after no doubt searching…

And now the rest of the story, Edmunds.com calculates that only a fraction of the sales were caused by the govt initiative, the rest would have happened anyway, no wonder the White House is upset, gee, facts get in the way.

As a matter of fact no one is. Deflation not the hyyper inflation that you read about contnues its devastation. Now Eddie Murphy has had to cut the price of Bubble Hill in half! Gee he ;may have to make Bevery Hills Cop Nineteen! Deflation, the collapse of asset prices continues across America and the…

This morning we learn that Warren Buffet has bought the Burlington Northern RR BNI. He paid about $25 above market at $100, the largest purchase ever for Berkshire.Buffet declares that buying a RR is tantamount to buying America, a bet on the country.  Again, see the Black and Decker Stanley post, acquisitions and mergers are…

Congress is extending the period to carry back losses for corporations. This will lower the tax paid and hopefully allow more cash to keep people employed. Welcome to the New Normal. 

Okay, ready for this?  A Chinese wind turbine firm with financing from a private venture group in Austin, Tx is investing in a West Texas Wind Farm using US Stimulus money. It gets better.. The symbol is APWR, listed on the NASDAQ as Chinese citizens cannot invest in  Chinese firms 

Wilbur Ross says it is coming, I say it has been underway, but he is right it will be delayed a bit longer.  We are both concerned about a crash in commercial real estate, I have asked many of you to re write your papers on REITs. Please read what this industry veteran has to…

While the market was melting down Friday, the Central Planners were beating their chests with the unsubstantiated and improvable claim that they saved 650,000 jobs with $160 billion of stimulus spending, while celebrating Thursday's  bogus GDP estimate a bit like Nero fiddling as Rome burned. Okay, let's do the math. The Central Planners spent $246,154 for every job that…

Ben’s Dilemma   For the first time since the CPI link was enacted in 1975, Social Security recipients will not receive a cost of living COLA increase, nor is one expected the following year. Wilbur Mills then eyeing a Presidential run, linked  Social Security payments  to increases in the Consumer Price Index. In that 1975…