James Pethokoukis

Did the GOP capitulate on healthcare?

May 27, 2009

ambulance— James Pethokoukis is a Reuters columnist. The opinions expressed are his own —

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:

Fed’s Kohn: Economy showing signs of stabilization

May 24, 2009

Federal Reserve Vice Chairman Donald Kohn makes two big points in a speech today at Princeton: 1) Obama’s big spending won’t push up rates anytime soon; and 2) there will be no rush for the Fed to get constrictive:

Don’t dismiss big budget deficits

May 24, 2009

While I know it’s fashionable to laugh off the big budget deficits that the U.S. is running and to pooh-pooh the chances of an S&P debt downgrade, guess who doesn’t think it’s a big joke? The Congressional Budget Office. This, from the blog of CBO Director Doug Elmendorf:

Morgan Stanley: No V-shaped recovery

May 22, 2009

Economist Richard Berner lays out the case why the recovery won’t be a pretty sight:

America’s AAA bond rating

May 22, 2009

Will America’s lose its AAA S&P bond rating? Not anytime soon, says the econ team at Wachovia:

Bernanke vs. Bond Market Vigilantes

May 22, 2009

Relying on the Fed cannot be the sum total of an economic policy to increase economic growth. In fact, current Fed policy may well be saving the U.S. banking system, but it is hardly setting the stage for a robust economic recovery. Scott Grannis (Calafia Beach Pundit) notices the rise in 10-year yields (bold is mine):