Duffyink.com » economy

8/10/10 unused tool

Brian Duffy — Sat, 11 Sep 2010 02:30:19 +0000

4/2/10 Shallow roots

Brian Duffy — Fri, 02 Apr 2010 20:59:42 +0000

02/20/10 second shoe

Brian Duffy — Tue, 23 Feb 2010 01:29:03 +0000

1/20/10 The ECONOMY stupid

Brian Duffy — Sat, 23 Jan 2010 15:14:14 +0000

09/15/09 Happy Days are here again

Brian Duffy — Wed, 16 Sep 2009 14:39:15 +0000

Here is an economics quiz; well it’s not much of a quiz because the first part is answered in the cartoon above.

Who made the following statements?

#1. “From a technical perspective, the recession is very likely over at this point.”

#2.”I am convinced that we have passed the worst and with continued effort we shall rapidly recover.”

The first, of course was Fed Chairman Ben Bernanke speaking at the Brookings Institute yesterday. The second was President Herbert Hoover addressing members of the U.S. Chamber of Commerce on May 1 1930.

I am no Hoover basher; I quite truthfully think he was much maligned. The point is, then as now, we are in uncharted territory. The floor could just as quickly drop out from under the “improvements” in the economy today as they did back in 1930.

08/15/09 Toxic piggy bank

Brian Duffy — Sat, 15 Aug 2009 15:13:26 +0000

03/10/09 Spring on the Street

Brian Duffy — Wed, 11 Mar 2009 02:45:11 +0000

At least until the bear eats it.

03/07/09 Penny Blue Chips

Brian Duffy — Sun, 08 Mar 2009 15:32:16 +0000

03/07/09

Stocks that used to be considered the cornerstones of Wall Street such as GM, GE, and Citigroup have plummeted below sea level.

02/26/09 light to the end of the tunnel

Brian Duffy — Thu, 26 Feb 2009 12:08:38 +0000

02/26/09

02/12/09 Bailout/ rollout

Brian Duffy — Fri, 13 Feb 2009 13:29:13 +0000

02/12/09