AUGUST 5, 2011 Stocks Nose-Dive Amid Global Fears Weak Outlook, Government Debt Worries Drive Dow’s Biggest Point Drop Since ’08 By TOM LAURICELLA Stocks spiraled downward Thursday as investors buckled under the strain of the global economic slowdown and the failure of policy makers to stabilize financial markets. The selling began in Europe and continued […]
GLOBAL SELLOFF – AUGUST 4, 2011 Read More »
JULY 13, 2011, 7:28 P.M. ET What if the weak recovery is all the recovery we are going to get? By DANIEL HENNINGER Barack Obama, John Boehner and Mitch McConnell have been performing an intricate scorpion dance over spending, taxes and the debt ceiling, premised on the belief that this is the deal that would
THE DISAPPEARING RECOVERY Read More »
June 15, 2011 “Brother, Can You Spare a Regulation?” By Tony Blankley Last week, in a much-discussed, open, live, televised forum, Jamie Dimon, the CEO of JPMorgan Chase, asked Federal Reserve Chairman Ben Bernanke the $64 trillion question. While most commentators focused on the apt question, it was Bernanke’s answer that shocked me when I
REGULATING THE NATION INTO A DEPRESSION Read More »
JUNE 28, 2011, Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal. By LAWRENCE B. LINDSEY Washington is struggling to make a deal that will couple an increase in the debt ceiling with a long-term reduction in spending. There is no reason
THE DEFICIT IS WORSE THAN WE THINK Read More »
JUNE 17, 2011 The longer banks hold rotten paper, the likelier a second financial crisis becomes. By John H. Cochrane And Anil Kashyap Greek debt is in trouble—again. After a month of dickering, it seems likely that the International Monetary Fund and the European Union will agree to roll over Greece’s debt so bondholders will
EUROPE’S GREEK STRESS TEST Read More »
JUNE 15, 2011 Notable & Quotable Lawrence B. Lindsey on how the Federal Reserve has forced itself into keeping interest rates low. Economist Lawrence B. Lindsey writing in the Weekly Standard, June 13: Right now, thanks in large part to Federal Reserve policy, Uncle Sam can borrow at an average cost of just 2.5 percent.
THE FED IS IN A BOX Read More »
Published on Washington Examiner (http://washingtonexaminer.com) By Timothy P. Carney Jun 14 2011 – If your goal were to foster more political cronyism, reward lobbyists, entrench incumbents, enrich the politically connected, and get the revolving door spinning faster, you would have a hard time crafting a more useful piece of legislation than the Dodd-Frank financial regulation
DURBIN, TESTER, LOBBYISTS, AND THE DODD-FRANK CORRUPTION MACHINE Read More »
JUNE 11, 2011 ‘On the Beach, I Bring von Mises’ The tea party favorite on her start in politics, where she learned her economics, and why she disagrees with Reagan on the War Powers Resolution. By STEPHEN MOORE “If I’m in, I’ll be all in,” says Rep. Michele Bachmann of Minnesota, artfully dodging my question
AN INTERVIEW WITH MICHELE BACHMANN Read More »
JUNE 10, 2011 The Texas model added 37% of all net U.S. jobs since the recovery began. Richard Fisher, the president of the Federal Reserve Bank of Dallas, dropped by our offices this week and relayed a remarkable fact: Some 37% of all net new American jobs since the recovery began were created in Texas.
THE LONE STAR JOBS SURGE Read More »
MAY 20, 2011 James Grant believes a resumption of dollar-gold convertibility could be possible. By SETH LIPSKY It’s been 25 years since I found myself sitting in the office of Karl Otto Poehl, the president of the West German Bundesbank. I was then a young editorial writer at The Wall Street Journal intent on asking
SHOULD AMERICA SELL ITS GOLD? Read More »
