Where Are Bernanke’s Critics in the Media after Disclosure of the So
You've probably heard about the French trader who has managed to stash away $7 billion before going on the lam. What's the big deal with sticking it to some French bank for $7 billion? This $7-billion loss by the French bank Societe Generale (SocGen) (EPA:GLE) might have caused the sharp plunge in some European stock markets on January 21 - which spurred the Federal Reserve to make an…
CNBC’s Faber Assumes Recession Inevitable
Got some hot stock plays for 2008? CNBC's David Faber thinks you should factor in the recession that hasn't yet happened when you adjust your portfolio for this New Year. CNBC "Squawk Box" contributor Faber warned investors on the January 7 "Squawk on the Street" that stocks reliant on business spending could hurt since a recession, he said, is imminent. "Business spending, concerns about…
Harwood: Huck's Economic-Conservative Opponents Churchless Tax-Cut Wor
You'd hardly expect the chief Washington correspondent of business channel CNBC to negatively stereotype economic conservatives. But appearing on today's Morning Joe, the urbane John Harwood did just that.View video here.JOE SCARBOROUGH: [Huckabee is] a different type of evangelical. It's not the evangelical in American politics that's traditionally been very conservative economically. Obviously…
Devoutly Desiring Depression
Steve Fraser might look mild-mannered, but when it comes to economic doomsaying, he is the Rocky Marciano of recession, the Tiger Woods of turndown, the David Beckham of depression.Speaking of bending one, Fraser's LA Times column of today, "Symptoms of an Economic Depression," twists U.S. economic data into a harbinger of impending doom. Fraser begins by falsely claiming that "no one wants to…
