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  • On the Speech, the Economy & Runaway Debt

    This week, I will touch on several topics.  We begin with a few thoughts about President Obama's State of the Union address last week that you might have missed.  Most notably that he was roundly criticized by the Washington Post, one of the more left-wing papers in the country.  Following that discussion, I will analyze a new report which discusses why Obama's $800+ billion stimulus program did not work as expected.  Next, we will look at the Congressional Budget Office's latest forecast for the fiscal 2011 budget deficit.  Think $1.5 trillion!  And finally we will look at the new makeup of the Fed Open Market Committee, which changed at the first of this year, and what that might mean for monetary policy going forward.  Hopefully, all of this will make for an interesting letter this week.

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