Dear Treasury Secretary Geithner:
I noticed you recently told the Japanese press that you intended to maintain a strong dollar, and that the Obama administration would bring the U.S. fiscal deficit back to a “sustainable balance.”
Tell me, don’t you feel your nose extending like Pinocchio’s when you tell these fibs to innocent Asians?
Published by Bapcha Murty //
It looks like the U.S. housing sector has bottomed. In fact, if you’ve been thinking about buying a house, this may be the time to make your move. Congress and the Obama administration are considering whether to extend the $8,000 first-time-buyer tax credit for another year from Nov. 30, 2009 – when it expires. With cheap money, housing may show strength in the short term, just as we’ve seen with other assets. But there is the potential for a market hiccup next year or in 2011.
Published by Bapcha Murty //
The Gramm-Leach-Bliley [GLB] act repealed Glass-Steagall [G-S] – which was the law of the land here in the USA from 1933 to 1999. G-S created the FDIC, and prohibited large private banks – whose primary business is the investment business – from receiving deposits from the public. My Rx for America involves a dose of bitter medicine, and no money for bankers….
Published by Bapcha Murty //
