RSS feedStimulus
’Buy American
“We may likewise diminish our importations, if we would soberly refrain from excessive consumption of forraign wares in our diet and rayment, with such often change of fashions as is used, so much the more to encrease the waste and charge;
Stimulating
(Relatively) hot off the wires:
Dec. 18 (Bloomberg) — Barack Obama may ask Congress next year to approve a stimulus plan of around $850 billion, an amount that has grown as the U.S. economy sinks deeper into recession,
Reaping the new ‘New Deal’ dollar
The Baltic Dry index is apparently sustaining its first consecutive advance in weeks on expectations that an Obama stimulus will boost commodity imports/exports. The theory is that massive infrastructure spending akin to that of Roosevelt’s New Deal will obviously raise demand for iron ore and other industrial metals in particular.