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Welcome to Krasneys On Everything Money Blog. These articles are a compilation of current articles that we find interesting and hope you will as well.

Obama Asks Volcker to Lead Panel on Tax-Code Overhaul

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Wednesday, 25 March 2009 19:55 Written by Jonathan Krasney

March 25 (Bloomberg) -- President Barack Obama is putting former Federal Reserve Chairman Paul Volcker in charge of a tax- code review aimed at closing loopholes, streamlining the law and generating revenue, budget Director Peter Orszag said. Volcker, 81, who heads the president’s Economic Recovery Advisory Board, is being asked to take a look at the laws in an effort to rebalance the tax system.

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Inventory Drop Shows U.S. Taking ‘Important Step’ to Recovery

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Wednesday, 25 March 2009 19:51 Written by Jonathan Krasney

March 25 (Bloomberg) -- The collapse in U.S. inventories indicates the economy is laying the foundation for a return to growth this year. Stockpiles of long-lasting factory goods declined 0.9 percent in February after falling 1.1 percent in January, the biggest two-month slide since 2003, the Commerce Department reported today in Washington. The decrease brought the ratio of inventories to sales down for the first time in seven months.

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Treasuries Fall as Five-Year Note Auction Draws Yield of 1.849%

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Wednesday, 25 March 2009 19:46 Written by Jonathan Krasney

March 25 (Bloomberg) -- Treasury notes fell for a fifth day after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand. U.S. securities dropped even after the Federal Reserve today bought $7.5 billion of Treasury notes, its first targeted purchases of U.S. securities since the early 1960s. The five- year auction drew a yield of 1.849 percent.

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U.S. Durable Goods Orders Unexpectedly Jumped 3.4%

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Wednesday, 25 March 2009 13:17 Written by Jonathan Krasney

March 25 (Bloomberg) -- Orders for U.S. durable goods unexpectedly rose in February on a rebound in demand for machinery, computers and defense equipment.  The 3.4 percent increase, the biggest gain in more than a year and the first in seven months, followed a 7.3 percent decrease in January that was larger than previously estimated, the Commerce Department said today in Washington. Excluding transportation equipment, orders gained 3.9 percent, the most since August 2005.

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Commodity Fund’s Assets May Double in 2009, Global Advisors Say

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Wednesday, 25 March 2009 12:43 Written by Jonathan Krasney

March 25 (Bloomberg) -- Global Advisors Ltd., a money manager that returned more than 20 percent in 2008, said the $290 million in its commodity fund may double this year as investors refrain from withdrawing cash.

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