by Harry Binswanger | Sep 30, 2010 | POLITICS
Take a step back and look what’s going on. Last year, Rick Santelli, a Chicago trader who does reports for CNBC did “The Rant Heard Round the World,” in which he said, among many good things: “I’m thinking of having a... by John Browne | Sep 27, 2010 | Investing
Over the last two weeks, seemingly good economic news offered some shreds of optimism to a stock market that was desperate for a pick-me-up. The week before last, the National Bureau of Economic Research declared that the US recession had ended back in June 2009.... by Sylvia Bokor | Sep 24, 2010 | POLITICS
Prohibition made it illegal for Americans to buy alcohol. It did not stop them from drinking.
by Ralph R. Reiland | Sep 23, 2010 | POLITICS
With 15 million workers unemployed and another 11 million underemployed, President Obama recently decided that the answer was to hit the road and throw some anti-rich red meat to some friendly stadium audiences. At a Labor Day rally in Milwaukee, Mr. Obama declared... by Michael Pento | Sep 20, 2010 | Investing
There is wide agreement among economists and the financial media that our lackluster economic performance stems from continued “deleveraging” among consumers and businesses. Although it is certainly true that after decades of overly speculative borrowing,... by Ralph R. Reiland | Sep 20, 2010 | Cuba & Castro, POLITICS
At least for a few moments last week, we had the strange spectacle of President Obama sounding more like a collectivist than Fidel Castro. With the federal payroll in the United States up by 200,000 positions and the private sector down by 7.8 million jobs since the... by Peter Schiff | Sep 17, 2010 | Investing
This week, after the Japanese yen had surged to a fifteen-year high against the US dollar, the Japanese government decided to intervene in the foreign exchange market. To great fanfare, the Bank of Japan initiated a vigorous campaign to buy US dollars, thereby... by Michael Pento | Sep 17, 2010 | Investing
In forecasting the consequences of current economic policy, many pundits are downplaying the risks associated with the surging national debt and the rapid expansion of marketable Treasury securities. Their comfort stems from the belief that a staggering debt... by Chaudhary | Sep 10, 2010 | POLITICS
A few weeks ago Nouriel Roubini, widely regarded as one of the more pessimistic figures on Wall Street, made headlines by raising his forecasted likelihood of a “double dip recession” to a terrifying 40%. The vast majority of “mainstream”...