What is the difference between Dr. M. Roubini and Captain C. “Sully” Sullenberger ?
Sully heralded as a hero while Roubini is heralded as DR. Gloom.
If we had payed any mind to Dr. Roubini, then he would also be proclaimed hero and savior of our hard earned money. Instead the media and society drowned out his and others advice with the herd mentality of the day.
In reality, they are both professionals at the top of their game providing you expertise with every fiber of their being.
This is where I come in. I’m going to attempt to give you the most pertinent news for your financial gains and decision making.
During market hours I will try to provide news stories that have immediate impact on the market place. When our markets are closed, I will present news that runs along the lines of macro economic thesis, in other words, events that impact the longer term outcome of investing.
Here is your first question to think about: What does buy American mean for our future ?
Will this be just rhetoric or will this lead to ruffled feathers down the road ?
Most importantly, will this stipulation have any effect upon foreign support and or purchases of our treasury bills ?
“The EU has increased its pressure on the US to reconsider the “Buy American” clause in the $800bn (£567bn) economic recovery package now before Congress.
The clause seeks to ensure that only US iron, steel and manufactured goods are used in projects funded by the bill. “
Our brothers up north in Canada are also worried looking to mitigate problems going forward. Watch a TV excerpt from Canada below on American protectionism:
Obama is already very quick to act upon calls from many nations regarding protectionism.
If you enjoy the content at iBankCoin, please follow us on Twitter“I think it would be a mistake … at a time when worldwide trade is declining for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade,” Obama said on the Fox television network.
Hey, now that’s some news. cuttin’ through the crap to give us what matters. i like it!
So, is this blog like the news center of iBankCoin?
I like the idea. Good luck with all of this, Mr. Cronkite.
Thank you for your comments. I will try to keep up with this daunting task.
Great idea. The world needs more good news sources.
What about Australia and Japan …. Aren’t their stimulus packages protective too?
Welcome! I second gio’s comment about cutting through the crap. Good luck.
Thank you Yogi
Employee 8 I do believe you are right. However we were architects of globalization so our talk of protectionism is anti our foreign policy.
I believe if this continued it may have detrimental effects on our economy and the global economy.
Who is this? Green Hipster?
With the misspellings and such.
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JakeGint ???? please point out any mistakes.
I did not discover any with my Firefox spell check.