Saturday, September 18, 2010

Daily Markets - BULLISH: Tea Party Economics And Political Revolt

Daily Markets - BULLISH: Tea Party Economics And Political Revolt

BULLISH: Tea Party Economics And Political Revolt

Posted: 18 Sep 2010 09:15 AM PDT

From Larry Kudlow:

“Free-market capitalism is on the comeback trail. That's one of the key tea-party messages. And make no mistake about it: The free-market power of the tea-party political revolt is totally bullish for stocks and the economy. In short, this is a revolution.

The political elites in both parties don't get it. Nor do the mainstream media. But the tea-party movement is stopping Obamanomics dead in its tracks. And it will overturn the Keynesian big-government planning … [visit site to read more]

Darrel Issa Introduces Legislation To Restore FOIA At The SEC

Posted: 18 Sep 2010 09:14 AM PDT

Thanks to a loyal reader of Sense on Cents for sharing this press release put forth earlier this week. Not that the Republican Party does not have a LOT to answer for in terms of the final Financial Regulatory Reform, but at least on this front, I commend Darrell Issa (R-CA) for introducing this legislation.

Issa Introduces the SEC Freedom of Information Restoration Act
President Obama at Signing of Financial Reform Bill:  "It demands accountability and responsibility from … [visit site to read more]

POGO’s Angela Canterbury “Cross Examines” In Re: SEC’s FOIA Exemptions

Posted: 18 Sep 2010 08:33 AM PDT

Saturday morning in America and life is good.
Yesterday I gave major props to our great American Gary Aguirre for addressing critically important issues embedded in the recently enacted Financial Regulatory Reform package and allowing further FOIA (Freedom of Information Act) exemptions by the SEC. (Aguirre wrote a fabulous dissertation in the September Wall Street Lawyer and I embedded it in my commentary.) I qualified yesterday's commentary (Great American Gary Aguirre "Cross Examines" … [visit site to read more]

West Coast Shipping Boom In August

Posted: 18 Sep 2010 08:32 AM PDT

The Port of Portland reported that shipping totalled 1,256,980 short tons in August, which was the highest monthly shipping volume in almost two years, since the 1,268,216 short tons in October 2008 (see chart above), and the highest shipping volume ever for the month of August at the Portland port.  Compared to August of last year, shipping volume was up by 27.8%, and the cumulative year-to-date volume is up by 39.5%.  

The Port of Portland is a major shipping … [visit site to read more]

Unadjusted Jobless Claims Fall To 2-Year Low

Posted: 18 Sep 2010 07:29 AM PDT

The chart above shows weekly initial jobless claims, both unadjusted (data here) and on a seasonally-adjusted, and four-week moving average basis (data here).  As Scott Grannis pointed out several days ago: ”Actual claims have been falling steadily since early July, and have now reached a two-year low (see chart above). Claims are actually lower now than they were for the same week two years ago.”

Further, actual initial jobless claims have fallen for the last five … [visit site to read more]
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