Stimulus II
On the way?? Oh, you know it’ll get here eventually.
But I thought the recession was over…
Update: More on ’scamulous too’ at Zero Hedge:
In other words, with unemployment not improving after the first $787 billion was spent, with GDP improvements having peaked, and since at this point nothing matters since America will never be able to realistically service its debt, with mid-term elections coming up, and Obama’s rating plummeting even despite an orchestrated 50% rally, it is a matter of months, if not days, before the President unveils another multi-trillion Treasury sinkhole. And since no horrible policy decision can go unused, the next stimulus is likely to be promptly followed by the Chairman announcing the next iteration of Quantitative Easing.
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Somehow, I don’t think the Stanley Black & Decker merger is going to help unemployment.
http://finance.yahoo.com/news/Stanley-Works-tool-maker-to-apf-420866674.html?x=0&sec=topStories&pos=main&asset=&ccode=
Comment by Henry — 11/2/2009 @ 8:27 pm
Diedrich, Green Mountain consolidation via Peet’s it appears.
http://www.ocbj.com/article.asp?aID=4..1847664...
Comment by Henry — 11/2/2009 @ 8:28 pm
The Stanley/BDK deal makes a lot of sense. As for the coffee thing, it makes zero impression on us home roasters.
Comment by BMB — 11/2/2009 @ 8:47 pm
And, another mega-deal. Reminds me of the stories in Livermore’s books about the railroad tycoons and connecting “their rail systems.”
http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/us_berkshire_burlington_northern
Comment by Henry — 11/3/2009 @ 7:38 am
Yeah, I was going to post about the Buffett/BNI deal, simply because CNBC can’t talk about anything else this morning. They always gush over anything Buffett does or says.
So Buffett’s paying 100 bucks a share for the rest of the company. Why didn’t he buy it when the stock was below 55 back in March?
Comment by BMB — 11/3/2009 @ 7:51 am
What about these articles on Diedrich? Poorly timed, or what?
http://seekingalpha.com/article/169814-diedrich-coffee-a-web-of-misrepresentations
http://timothysykes.com/blog/2009/11/03/is-seeking-alpha-caught-in-a-scandal-on-diedrich-coffee-inc.-ddrx/
Comment by Henry — 11/3/2009 @ 11:11 am