April 28, 2011 By Larry Kudlow Fed head Ben Bernanke, at his first-ever news conference on Wednesday, slammed the door shut on any new QE3 pump-priming. The $600 billion QE2 program to purchase bonds will end on target at the end of June, and that will be that. Bernanke also suggested that the Fed’s “extended
GOLD SLAMS BERNANKE Read More »
APRIL 23, 2011 By TOM LAURICELLA The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue. The dollar fell
DOLLAR’S DECLINE SPEEDS UP, WITH RISKS FOR U.S. Read More »
APRIL 21, 2011 The world tries to protect itself from U.S. monetary policy. Members of the International Monetary Fund emerged from their huddle in Washington last weekend resolved to keep every option open to slow the flood of dollars pouring into their countries, including capital controls. That’s a dangerous game, given the need for investment
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SeekingAlpha.com | by: Ananthan Thangavel April 19, 2011 | about: GLD Over the weekend, an announcement was made that the University of Texas endowment fund had decided to take delivery of $1 billion worth of gold. This was an absolutely huge development on multiple fronts. First, the UT endowment fund’s gold purchase was a radical deviation
UNIVERSITY OF TEXAS’S GOLD BUY IS A GAME-CHANGER Read More »
APRIL 15, 2011 When thousands of Chicago property owners went on a tax strike, the mayor threatened to cut off their water. By DAVID BEITO Many historians depict the Great Depression as a turning point when bitter economic realities finally led the middle class to break from laissez-faire tradition and demand bigger government. This is
THE FORGOTTEN TAX REVOLT OF THE 1930’S Read More »
APRIL 14, 2011 The president demonstrated again yesterday that he’s not serious about cutting spending. By KARL ROVE President Obama’s wild rhetorical gyrations have become familiar. Earlier this year, for example, he called budget cuts proposed by House Republicans “extreme,” suggesting they hurt “our most vulnerable citizens.” Yet after agreeing to many of them last
ROVE – THE GOP WILL BENEFIT FROM THE BUDGET DEBATE Read More »
APRIL 17, 2011, 1:01 P.M. ET By ANDREW BROWNE EXCERPT FROM THIS ARTICLE:The U.S. Federal Reserve has pumped hundreds of billions of dollars into the American economy, hoping to stimulate growth, but much of the liquidity has spilled into foreign markets as investors seek higher returns in faster-growing regions. The flood of money has also
CHINA FUND CHIEF HIGHLIGHTS CAUTION ON GLOBAL ECONOMY Read More »
APRIL 11, 2011 By allowing borrowers to write off the interest on their mortgages, the IRS is incentivizing homeowners to drag out their payments for years. There’s a better way. By ARKADI KUHLMANN If the financial crisis revealed anything about homeownership in this country, it’s that “ownership” is too often a misnomer. Since the crisis
PUTTING THE ‘OWN’ BACK IN HOMEOWNER Read More »
