March 2009

I have been having a great time going through the President's budget proposal for fiscal year 2010.   I tell you it just puts a smile on my face to think about 3.5 Trillion dollars and how useful all that new spending will be. As you know Stimulus 1 last year was a smashing success.  We're down 3000 points on the Dow and unemployment is now at 7.6%.  Of course, TARP has been great.  That ... read more

I know the business media gets a bad rap for over-hyping the market going up, the market going down, etc...but in all my years covering business news, I've never seen such a perfect storm, and I think it's time we start screaming at the top of our lungs. Even with my experience, I find my head spinning as I go through all of the spending initiatives:  omnibus, stimulus, TARP, TALF, bailout, ... read more

Monday the President reversed the ban on federal funding for stem cell research.  It was an eight year fight in the Bush Administration that limited the funding available.  I covered this story when I worked as a reporter in the Bay Area, and I'm glad the restrictions are being lifted, but I think it might be too late. What company executives were telling me at the time, was they were taking ... read more

We are debating that topic on today's show.  The sentiment and the fear out there is skewing so negative, that even with a four day rally, the skeptics believe this is a fake bear market rally that will not last. Believe me, I have no interest in making a prediction or  a bet, because I've called the markets and certain stocks the wrong way in the past.  But, no matter who you listen to, or ... read more

We had a laugh this morning at our morning meeting at the expense of Citigroup.  They say they don't need more government aid, and they would remain private.  I want them to remain private, but it's hard to consider them private these days since  the American taxpayer owns 36% of them. Richard Parsons told Reuters Citigroup is now one of the better capitalized banks in the world.  The laugh ... read more