CNN: Perry enters race in virtual tie with Romney, Bachmann fades

posted at 10:05 am on August 11, 2011 by Ed Morrisseyprinter-friendlyTexas Governor Rick Perry will upend the Republican presidential primary with his entry this weekend, CNN’s latest national poll shows. He starts off in a virtual tie with Mitt Romney, 17/15, with his nearest competitors at 12%. Perhaps most surprisingly, Michele Bachmann isn’t among them — and her support gets cut almost in half with Perry’s candidacy:According...

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Consumer Sentiment Curbs Appeal of Aussie

Australian dollarThe Australian dollar resumed its movement down after the yesterday’s gains as consumer sentiment declined this month, reducing attractiveness of the nation’s currency.The Westpac-Melbourne Institute Consumer Sentiment index fell 3.5 percent in August from July. This declined followed the drop by 8.3 percent in July. The Aussie (the nickname of the Australian currency) also weakened as the pledge of the Federal...

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Obama prepares for career as landlord

posted at 1:25 pm on August 11, 2011 by Jazz Shawprinter-friendlyIt’s an idea so beautiful in its simplicity and so perfectly targeted to cure one of our biggest national headaches that many readers will be slapping their foreheads in one of those, “I could have had a V-8″ moments. The housing market is still in the tank and the government has been forced to foreclose on countless properties which now sit vacant, generating no...

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Impact of BoJ Intervention on Yen Wanes

Japanese yenThe Japanese yen jumped against all other most-traded currencies today as traders fled to safety of the yen, fearing the financial problems of the US and Europe.The Japanese policy makers signaled that they may take steps to curb gains of the currency. In fact, the Bank of Japan already intervened on August 4, but the impact of the move almost waned at present. This situation isn’t unlike the one in Switzerland, where...

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Fed statement a vote of no confidence in economy through 2013?

posted at 10:05 am on August 10, 2011 by Ed Morrisseyprinter-friendlyThe current historically-loose monetary policy will continue, according to a Federal Reserve statement last night — for two more years.  The Fed normally doesn’t offer projections with such unambiguously lengthy timelines, preferring to keep its options open.  These, however, are not normal times — nor do we have normal leadership:   ...

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Breaking: Reid appoints John Kerry, Patty Murray, and Max Baucus to Super Committee

posted at 6:05 pm on August 9, 2011 by Allahpunditprinter-friendlyThat’s precisely what we need to reach a grand bargain. Hard-left dial tone Patty Murray and a guy who spent the past Sunday muttering in front of TV cameras about a “tea-party downgrade.” Bonus fun fact about Murray via Amanda Carpenter: She’s the head of the DSCC this election cycle, which means there ain’t no way no how no chance she’s signing off on any deal...

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London rioter: “We’re just showing the rich people that we can do what we want”

posted at 4:45 pm on August 9, 2011 by Allahpunditprinter-friendlyTwo clips to usher in night four of Droogfest 2011. The common thread is that in both cases you’re watching rampaging cretins behave in a quasi-civilized manner. In the first, two giggly girls chat calmly with the BBC about the “mad fun” they’re having; in the second, rioters handle a wounded boy gingerly … before proceeding to rob him. Maybe we can let the lot...

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Palin knocks it out of the park

posted at 10:05 am on August 9, 2011 by J.E. Dyerprinter-friendlyFew people in the public eye have said anything useful about the recent unpleasantness with the national debt and the national credit rating.  The president hasn’t.  The vice president hasn’t.  Surprisingly few of the declared Republican candidates have.  The MSM haven’t.  They’re busy trying to make the expression “Tea Party downgrade” go...

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Report: U.S. bracing for possible downgrade from S&P; Update: “Expecting and preparing”; Update: S&P bungles numbers? Update: Calculations off by trillions

posted at 4:59 pm on August 5, 2011 by Allahpunditprinter-friendlyJust a headline right now at CNBC, but stand by. Business Insider heard a rumor about this before lunch but discounted it when they couldn’t substantiate it with analysts. There must be something to it, though; it’s unthinkable that CNBC would toss this grenade without something very solid to support the story. Needless to say, the fact that news is breaking within...

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Report: U.S. bracing for possible downgrade from S&P; Update: “Expecting and preparing”; Update: S&P bungles numbers? Update: Calculations off by trillions

posted at 4:59 pm on August 5, 2011 by Allahpunditprinter-friendlyJust a headline right now at CNBC, but stand by. Business Insider heard a rumor about this before lunch but discounted it when they couldn’t substantiate it with analysts. There must be something to it, though; it’s unthinkable that CNBC would toss this grenade without something very solid to support the story. Needless to say, the fact that news is breaking within...

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