white house

“‘d Be A Fool To Hold Anything But Cash Now”

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Interesting interview with David Stockman the other day.  The Ex-White House budget director expresses some extremely strong feelings about the direction this country is headed in the upcoming months.  Considering his prediction of an event of epic proportions, wouldn’t you rather be on the right side of the trade than out of the market entirely..? Now 65 and gray, but still wearing his trademark owlish glasses, Stockman took time from writing his book about the financial collapse, “The Triumph of Crony Capitalism,” to talk to The Associated Press at his book-lined home in Greenwich, Conn: Q: You sound as if … Read more

‘s Only Wednesday: Urban Outfitters, WebMD, The White House, Swiss National Bank, and Italy

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Out of the markets and into the midst of  both earnings and elections seasons, volatility seems here to stay.  Here’s a quick recap of the most recent turnovers in the headlines the past few days, gathered from.. well, everywhere.   Clothing retailer Urban Outfitters Inc. said its Chief Executive Glen Senk resigned: The company named Chairman and co-founder Richard Hayne as his replacement.  Shares of the company fell 12 percent after the bell. They closed at $29.41 on Tuesday on the Nasdaq.via Urban Outfitters CEO resigns | Reuters. WebMD Chief Executive resigns: INDIANAPOLIS (AP) — WebMD Health Corp. CEO Wayne T. … Read more

White House sharply cuts growth forecast

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(Reuters) – President Barack Obama on Thursday sharply cut estimates for U.S. economic growth, underscoring the difficult challenge he faces in spurring a stronger recovery and creating more jobs. The president, who must curb high unemployment to improve his chances of winning re-election in 2012, will give a major speech on September 8 on how he plans to lift hiring and growth. “The economic projections make clear there is a real need in the short term to kick start economic growth and get on a sustained higher growth path,” White House budget chief Jack Lew told reporters on a conference … Read more

White House Said to Set Goal Easing Housing-Price Pressure

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Aug. 10 (Bloomberg) — The Obama administration is seeking ideas from investors on how to convert thousands of foreclosed properties owned by government-backed entities into rental homes, administration officials said. The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, will be joined by the Treasury Department and the Department of Housing and Urban Development in soliciting proposals, said the officials, who requested anonymity because they were not authorized to speak publicly in advance of an announcement planned for later today. The goal is to reduce the number of foreclosed properties and ease the price pressure on … Read more