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POPSBig Stock Swoon Not mentioned here is the increasing US deficit. We are spending over a trillion more than we have annually as far as the eye can see. The government doesn't take balancing the budget seriously. Unfortunately, while the government may think it can spend what it wants with no consequences, the market will stop them. Despite the hatred of the free markets from the big spenders on the Left and Right, the free markets have a way of auto-correcting the excesses. Unfortunately, the American people end up paying the price.
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POPSA $3.8T budget that REDUCES debt? WHAT? Only in government can spending well over a trillion above revenues "reduce debt." This reminds me of the politicians telling us how many jobs are being saved by the stimulus while the unemployment rate and jobless claims go higher.
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POPSIs there an $AAPL overload? Good article on Apple Everything $$ Count me as one who is somewhat smitten with Apple, as I love my iPhone. I call it "my brain." I've loaded my iPhone with apps that let me get the information I want from the internet as fast and as easily as possible. If the iPad can do this on a larger scale with more ease-of-use and functionality, it will be a winner. Of course it will.
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POPSBy the way, Ben Bernanke was reconfirmed 70-30 This slipped under the radar this week with the spotlight on the State of the Union Speech and the season premiere of Psych. Ben Bernanke is in for another round as Supreme Commander of the Federal Reserve and the US economy. He did such a splashing job in his first term, eh? Seriously, it's a tough gig.
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POPSMore cold water on global warming Much of the global warming talk has subsided with the debate on health care and the Massachusetts election. But here is more evidence that the war on climate change is really about getting access to your wallet.
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POPSHave the Rules Changed? No, the rules haven't changed. I think greed is extreme at the tops, and pessimism is extreme near the bottoms. There always seems to be a consensus that the rules have changed or that this time it's different at those extremes. Rarely if ever is that the case, though.
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POPSSteven Chu Surprised to Learn He's in Charge of Oil Policy Yikes. As Obama focuses on things other than energy, notice gasoline prices inching higher. How long until they're back over $4? Better get building nuclear power plants and converting the federal vehicle fleet to use natural gas, Mr. President. Sure, you can talk about windmills and solar panels out on your speaking stops. But lets make sure that we're doing something serious about our energy needs, okay?
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POPSCalifornia Approves Budget; Taxes Going Up What happens in CA, is that every few year we have a budget crisis that demands that taxes be hiked. Then the money isn't uses for one-time expenses. The money is used for new programs. The new programs grow at a rate faster than CPI plus economic growth. Thus, the state is soon in a "structural deficit." Politicians then raise taxes. Lather. Rinse. Repeat. And that's why the sales tax is now pushing 10-cents and the income taxes are rising to close to 10% for the middle class. Nevada, anyone?
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POPSApple Snapping up Memory for new iPhone? Seems to make sense. Some of the new phones are offering some stuff that is quite more powerful than the current 3G iphone. Of course, ease of use isn't one of those "stuffs." Will they include cut and paste?
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POPSGlobal Warming - The Law of Doomsaying A fantastic column from George Will on they latest doom-and-gloom from the global warming crowd. Of course, they're losing a bit of steam lately. Literally! I was pleased to learn that there will be close to 100 scientists at the upcoming global warming conference who aren't afraid to speak up against the hysteria.
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POPSUS Senate Unveils Stimulus Deal It'll be interesting to see how everything breaks down once the vote happens. Kerry said 42% of the bill is tax cuts. But in what form? To whom?
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