These are the charts that I’ll be discussing on today’s BizRadio show from 5-7pm EST. You can listen to the broadcast by streaming live here or you can call in with questions at 1-877-777-7713. I will write about these charts later today. Read More →
These are the charts that I’ll be discussing on today’s BizRadio show from 5-7pm EST. You can listen to the broadcast by streaming live here or you can call in with questions at 1-877-777-7713. I will write about these charts later today. Read More →
These are the charts that I’ll be discussing on today’s BizRadio show from 5-7pm EST. You can listen to the broadcast by streaming live here or you can call in with questions at 1-877-777-7713. I will write about these charts later today. Read More →
These are the charts that I’ll be discussing on today’s BizRadio show from 5-7pm EST. You can listen to the broadcast by streaming live here or you can call in with questions at 1-877-777-7713. I will write about these charts later today. Read More →
Listen to John live on BizRadio’s The MoneyMan from 5-7pm EST today! You can tune in to the broadcast by streaming live here or you can call in with questions at 1-877-777-7713. Read More →
Today the CBO released The Long-Term Budget Outlook. The projections are truly mind-numbing.Rather than bore you with numbers, take a look at the chart below. America is now a banana republic. Incredibly, THESE PROJECTIONS DO NOT INCLUDE THE COST OF NATIONAL HEALTH CARE . These numbers were prepared by the Congressional Budget Office (CBO) which is referred to as nonpartisan but never is. It’s Director and its composition are controlled whichever party holds the majority in Congress, in this case the Democrats. Historically, the CBO tends to underpredict spending,... [Read more]
Send an email to weathermap@rutledgecapital.com with “Weather Map” in the subject line to receive a free PDF file of chapter 2 explaining Weather Map Investing from John’s Book, Lessons from a Road Warrior. Read More →
The latest business loans numbers show that bank loans to businesses are still falling. As I have written in recent posts here and here, large banks have systematically shut down their lending to small businesses over the past 2 months, an unintended consequence of the hugely profitable government bailout programs. Basically, today if you can’t sell it to the government don’t bother making the loan. Bank Loans to Businesses Still Falling The chart above, from the Federal Reserve Bank of St. Louis, shows commercial and industrial loans from all banks. Banks... [Read more]
One of the (many) problems with using big increases in federal government spending as an economic stimulus tool is timing. You can’t appropriate and spend it fast enough to matter much during the downturn. Spending it years later, after the economy has already begun to recover on it own, then becomes an inflation worry. There is a new CBO study, Implementation Lags of Fiscal Policy, that details the path of the money this time around. In spite of all tyhe talk we have seen about shovel ready projects not much of the money has actually made its way into the economy... [Read more]
The Dept.of Commerce released the April Personal Income and Outlays report today. Could have been worse. Personal income was $12,091 billion, an increase of $58.2 billion, or +0.5% over March. Disposable personal income (DPI) increased $121.8 billion, or +1.1% in April. Personal consumption expenditures (PCE) decreased $5.4 billion, or 0.1%. Real disposable income increased +1.1% in April. The April change in disposable personal income (DPI) – personal income less personal current taxes – was boosted as a result of government stimulus measures, which reduced personal... [Read more]
This morning I woke up in the dark to do a 7AM spot with Alexis on Fox Business Money for Breakfast. Our topic was Geithner’s first trip to Beijing to meet with the Chinese officials on U.S./China economic issues. What issues would be on the table? That’s easy. They want to know what the U.S. is going to do to protect their $2 trillion in U.S. Treasuries and other dollar-denominated securities from inflation and a falling dollar. Doogie is going to try to convince them that we have it all under control—we will get that deficit down soon as the economy... [Read more]
