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Saturday, October 30, 2010

Vintage Norman

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At this point in the cycle, as we head into the elections next week and the uncertain outcome it portends, it may be a good idea to re-visit...
27 comments:
Tuesday, October 26, 2010

El-Erian: Federal Reserve 'Terrified' of Deflation

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PIMCO head El-Erian was interviewed by CNBC today and is predicting that the Fed will commence with QE2 starting next week because the Fed i...
9 comments:
Monday, October 25, 2010

QE2, perhaps, but Fed slowly reducing its balance sheet.

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There's been a lot of talk about QE2 and the Fed has been purchasing bonds (setting bond rates lower), but it's also been quietly re...
3 comments:
Saturday, October 23, 2010

CNBC: Emergency Alert on Home Prices

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Here's a short video report from CNBC yesterday about falling home prices: The firm that is the source of the price data is reporting a ...
6 comments:
Thursday, October 21, 2010

Hey, Debt Terrorists! Why didn't the debt explosion in the 1940s bankrupt us??

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This chart says it all! The per capita debt load exploded in the 1940s, yet it didn't bankrupt us. On the contrary, it made us rich beca...
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The dollar is NOT being "debased!"

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One of the things that we hear all the time is that the dollar is being "de-based." People blame the Fed or excessive government s...
16 comments:
Tuesday, October 19, 2010

Why gold is a HUGE bubble!

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Gold mine production is now at the highest level since 2000, when gold prices were at $250 per ounce!! And gold demand from jewelry—the larg...
16 comments:
Friday, October 15, 2010

Bernanke Introduces "Structural Unemployment" Into the Economic Lexicon

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Fed Chairman Bernanke has provided another at best non-informational at worst misleading speech this morning. Link to the text here . In a ...
13 comments:
Thursday, October 14, 2010

Petroleum demand falls to a 10-month low, yet oil prices are rising!

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By Margot Habiby and Moming Zhou Oct. 14 (Bloomberg) -- Crude oil fell as a government report showed U.S. petroleum demand declined to ...
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I give Stuart Varney a HUGE schooling! Check it out!!!

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5 comments:

Who exactly do we owe money to?

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Who exactly do WE owe money to? We keep hearing this…that WE Americans are deeply in debt and that every person in America now owes $43,000 ...
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Got my Series 7!

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Only took 30 years! Haha! I've been in the financial industry for 30 years, but never had a Series 7. Didn't need it for what I was ...
1 comment:
Thursday, October 7, 2010

RT America Interview: Goldman's call on the economy

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5 comments:
Tuesday, October 5, 2010

Tennessee County’s Subscription-Based Firefighters Watch As Family Home Burns Down

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"when the firefighters arrived, they refused to put out the fire, saying that the family failed to pay the annual subscription fee to t...
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Bernanke says deficits pose 'real and growing' threat to economy, calls for plan to cut them

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With millions of people unemployed and the economy limping along at output levels far below its potential, Bernanke is worried about deficit...
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Zero interest rates back in Japan

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The global race to the bottom continues. The BOJ has lowered already low policy rates and set up a program to conduct their own version of q...
3 comments:
Sunday, October 3, 2010

From rocket scientist to hamburger flipper

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Another sad consequence of the crazy belief system that has us cutting spending and investment. NASA is laying off thousands of scientists, ...
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Welfare, weakened under Clinton, becomes the missing piece in the safety net!

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Prisons will become the "new" welfare system as ordinarily law-abiding citizens are forced to steal in order to feed their familie...
2 comments:
Friday, October 1, 2010

“The first stage of fascism should more appropriately be called Corporatism because it is a merger of State and corporate power”

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-Benito Mussolini (1883-1945), Fascist Dictator of Italy
Tuesday, September 28, 2010

We should all pray for higher rates!

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Frequent contributor to this blog, Matt Franko, posted a brilliant observation in the comment section of the prior post . He points out that...
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Fed finally admits what MMTers have been saying for a long time: There is no "money multiplier."

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A second issue involves the effect of the large volume of reserves created as we buy assets. [. . .] The huge quantity of bank reserves that...
7 comments:
Friday, September 24, 2010

House Panel Clears Bill To Penalize China Over Currency

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CNBC story here . Excerpt: "A House panel, in a move likely to increase trade tensions with China, approved on Friday a bill that allow...
4 comments:
Thursday, September 23, 2010

Republicans' "Pledge to America" looks like a lot of spending cuts and vague proposals

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So the Republicans released their "Pledge to America" and the draft is available online at . Basically, here are the main points r...
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Wednesday, September 22, 2010

It's a race to the bottom right now

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Countries everywhere have abandoned strategies to boost domestic spending because of real or perceived debt fears. Instead, growth policies ...
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Republicans threatening to shut down the government again!

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The continuing resolution (CR) to allow the government to function beyond the end of the fiscal year Sept. 30 is likely the last legislation...
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Saturday, September 18, 2010

ECBs Securities Markets Programme:

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Back in May of this year, the ECB started their Securities Markets Programme where the Central Bank intervened to purchase securities in bot...
26 comments:
Thursday, September 16, 2010

How to double exports in five years. Step one: Destroy the dollar. Step two: Enact policies that keep wages low. Step three: Repeat!

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We're getting a real time look at what policies are necessary to achieve Barak Obama's goal of doubling U.S. exports in 5 years. Ste...
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FedEx 1Q profit doubles; will cut 1,700 jobs

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Is this good news or bad news? Yahoo story here . This is probably a perfect example of how productivity increases can outpace general econo...
12 comments:
Wednesday, September 15, 2010

Greenspan says taxes must rise so that the economy can expand!!!

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"We should not have tax cuts with borrowed money, but we should have tax cuts, and the more as far as I'm concerned the better, but...
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Obama's Thatcherite Gift to the Banks

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Great article by Michael Hudson here . Thanks to Tom Hickey, reader of this blog! America got rich from the Progressive Era onward by a diff...