James Pethokoukis

Obama and a second stimulus package

June 23, 2009

Actually, it would the third stimulus, counting the one from Bush. The president at his new conference this afternoon:

Yes, there are still some mustard seeds out there …

June 23, 2009

Mike Darda of MKM Partners spys some of them:

1) The ratio of leading to coincident indicators is up nearly 5% since bottoming in October, a magnitude not seen outside of economic recoveries going back to 1960.

The next Fed chairman will be …

June 23, 2009

Looking for a short list of replacements for Ben Bernanke for Federal Reserve chairman? You can start with Larry Summers, Alan Blinder, Janet Yellen (with a bullet!), Roger Ferguson, Donald Kohn, Robert Rubin (I am going broad here!), Donald Kohn. And how about tossing in the old Greenspan replacement short list: Glenn Hubbard, Martin Feldstein. Kohn was on that one, too. Any more suggestions???

Good news, bad news

June 23, 2009

Hey, this is good:

The quarterly CEO Economic Outlook Index rebounded to 18.5 in the second quarter from a record low of negative 5 in the first quarter.

The CBO takes away, the CBO gives

June 23, 2009

Just as a Congressional Budget Office estimate of the cost of healthcare reform ($1.6 trillion over ten years) threw a spanner into the works of that effort, a CBO study of cap-and-trade costs ($175 year in 2020) may have given some oomph to the energy plan which is coming to the floor fo the House. Still, the Senate is going to be a quagmire …