Here’s a suggestion for Senator Graham and everyone else that that thinks hammering older Americans is the way to fix a future demographic imbalance; concentrate on getting more young Americans into the economy so that the demographic grenade doesn’t explode. [read full story]
The fate of Freddie Mac and Fannie Mae will be center stage in January when the Obama administration makes its required Congressional recommendations about what to do about the two companies. The stakes for homeowners and the economy couldn’t be higher as the next Congressional session will determine if the U.S. has a private mortgage market or if, by controlling housing finance, government bureaucrats will be able to direct where Americans live and how much they pay for housing. [read full story]
Sorry for the long absence from blogging. Starting today, the Sunshine Report is coming back to life. And, starting today I am also blogging for the Huffington Post. The first post was published today. The link is http://www.huffingtonpost.com/mark-sunshine/post_1494_b_802412.html. I look forward to a lively debate and hope that everyone enjoys the blog and the information […] [read full story]
The financial reform legislation that passed the House last week doesn’t fix the derivatives market but there is still time to make it right. The Senate hasn’t passed its version of the bill and all Senators need to do is include a provision stopping the Federal government from preventing enforcement of state and local criminal […] [read full story]
The U.S. economy is going to be sick until job growth returns and unemployment is significantly reduced. President Obama’s economic team doesn’t seem to know how to stimulate jobs growth and what they have tried so far isn’t working very well. While Obama’s policy seems to have stopped jobs from disappearing, that is very different […] [read full story]
I have found this year’s blockbuster product and perfect Holiday Gift. It is a Laptop Steering Wheel Desk and is on sale right now at Amazon for $24.95 (it used to be offered for 18.75 but because of high demand the price went up). I am thinking of getting it for some of the individuals that have been […] [read full story]
According to Ambrose Evans-Pritchard Japan is quickly turning into developed world’s sickest economy and could soon tip into an uncontrolled downward spiral. Evans-Pritchard reported last week in the Telegraph that Japan is reaching the point of no return where it won’t be able to meet its obligations and could enter a debt death spiral. While […] [read full story]
Last Wednesday the New York Times Economix Blog published an article written by Casey Mulligan that was billed as a summary of how work incentives change employee behavior. I expected Professor Mulligan to educate readers as to how work and compensation incentives change worker behavior and effect business. I quickly realized, however, that the real […] [read full story]
Today Catherine Rampell of the New York Times authored a story in the Week in Review that quoted an economist who stated there are “as many views of the economy going forward as you have letters of the alphabet to describe the recovery”. I was disappointed by the article because rather than focusing on the […] [read full story]
I have been almost totally silent on CIT’s failure in this blog. The reason is that I believed it wasn’t appropriate to comment negatively on a competitor or its business. However, now that CIT has sought protection from its creditors I no longer feel that I must be silent. Today, at 3:48 PM I received […] [read full story]
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