James Pethokoukis

A AAA excuse for Obama tax hikes?

May 26, 2009

Brian Wesbury and Bob Stein of First Trust Advisors raise an interesting conjecture (bold is mine):

Consumers: The world is not ending

May 26, 2009

That, I think, is the message from today’s big jump in consumer confidence. The Conference Board’s index vaulted┬áby 14.1 points in May, following a gain of 13.9 points in April. The overall index now stands at 54.9. That’s double the February level of 25.3, a level which looks more and more like the nadir. But there is one whole long stretch of road between economic Armageddon and a robust recovery. We have avoided the former but we are nowhere near the latter. Let me know when consumers start spending ….

Deficit fears

May 26, 2009

I think strategist Andy Busch of BMO Capital Markets makes a great point in his morning note:

Sotomayor and policy uncertainty

May 26, 2009

The following quote from Supreme Court nominee Sonia Sotomayor (made during a panel discussion at Duke University in 2005) is the sort thing that may raise red flags for investors and business folks: