Published on FINANCIAL SENSE (http://www.financialsense.com) By James Quinn Created 15 Aug 2011 The utter failure of QE2, hollow Congressional spending “cuts” that will keep the National Debt on track towards $23 trillion by 2021, S&P downgrade and recent plunge in the stock market are the first cracks in the façade of the great American Empire.
BERNANKE IMPOVERISHING GRANDMOTHERS TO BENEFIT WALL STREET BANKERS Read More »
washington post By Zachary A. Goldfarb, Updated: Monday, August 15, 10:25 PM President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to people familiar with the matter. The decision
ON MORTGAGE RATES, OBAMA WANTS PROPOSAL FOR HOW GOVERNMENT CAN KEEP BIG ROLE Read More »
AUGUST 10, 2011 A New Strategy for Economic Growth Growth is not just about economics. Growth unleashes human potential. By KEVIN WARSH AND JEB BUSH As the economy continues to struggle, we are reminded of a course offered at Yale University titled “Grand Strategy.” Drawing on a weighty curriculum of history and philosophy, the course
JEB BUSH – NEW STRATEGY FOR ECONOMIC GROWTH Read More »
NEWS & OBSERVER July 26, 2011 Sold short by the mortgage market BY KATHY GOSNELL SEILER – MCT Information Services Published in: Other Views LOS ANGELES From the front door of the house to the back is a straight shot unbroken by walls, handy for pacing, 24 steps each way. It is a small house
A PERSONAL TALE – SOLD SHORT BY THE MORTGAGE MARKET 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 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 »
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 »
