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Bruce Krasting notes Ben Bernanke Is Facing A Legacy Problem The surprise of the week was not the goofy ending to the cliff. It was the minutes from the Fed. The meeting in question took place on 12/12, just 23 days ago.
Krugman Supports the $1 Trillion Coin; Why Stop There? I Support the $1 Quadrillion Coin There is a lot of crazy talk out there regarding the minting of a $1 trillion coin to get around the debt ceiling
More here: Google’s Self-Driving Car Takes on D.C.; Not Quite Ready For Real World … Yet
Read More: Obama’s Chance to Do Something Right: Nominate Hagel for Secretary of Defense; Why the War Party Fears Hagel
The Bears’ Prayer Posted by Michael Shedlock at 11:58 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy
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Politico notes Obama’s staged event, jokes draw McCain rebuke The crowd was nothing if not adoring. ("Thank you for having us!" Two standing ovations.) And the president did seem in a good mood.
See original article: China Manufacturing PMI Shows Modest Growth; Don’t Expect Bounce to Last
Congress has done such a beautiful job handling the fiscal cliff and debt ceiling that president Obama felt it mandatory to issue an Executive Order Giving Biden, Congress Pay Raises President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden