In this case, a spendthrift Congress coupled with loose monetary policy at the Fed, effectively encouraged housing and other speculation. The depression we are in now is a result of massively failed policy. The same policy cannot possibly...
The bond market is telling a very important story here and it is one of a
deflationary depression. We may not agree with Paul Krugman’s cure of solving
a credit collapse by trying to create even more credit, but his diagnosis...
Top flight technician Mary Ann Bartels (BofA/ML) comments on the one-year anniversary of the Golden Cross, and the “Dark Cross” — its evil twin — that is now upon us:
Didn't know this was possible, but I tried it and it works: Have you ever wanted to text message a friend while you were busy working on the computer. But your cell phone was not available? Send that friend a text message via email. Here's how!
Stocks extended their decline on Tuesday, with the S&P 500 down more than 3 percent, after data showed U.S. consumer confidence plunged in June and on fresh concerns over euro-zone fiscal problems.
Two stories of cops evading accountability: Virginia police are stonewalling the shooting of an unarmed motorist sitting in his car; and, Maryland cops are arresting citizens videotaping on wire-tapping charges. Are these more examples of surly publi
When will Americans begin to realize that communism still has a target on the back of our nation? The communist movement in America went underground for a few decades while they worked on executing the plans they had laid out in the ‘40’s, 50’s and 6
Meet Russian spy and femme fatale, Anna Chapman. Some may argue that she was well-endowed by nature. Be that as it may, after her arrest this week, it’s for sure she’s busted.
The two primary ingredients for a depression are debt and fear, and the reality is that we have both of them in abundance in the financial world today.
The U.S. economy is strengthening but there's still much to be done to put Americans back to work, President Barack Obama said Tuesday after meeting Federal Reserve Chairman Ben Bernanke at the White House.
"Unless we send the Navy down deep to blow up the well and cover the leak with piles and piles and piles of rock and debris, which may become necessary - you don't have to use a nuclear weapon by the way, I've seen all that stuff, just blow it up...
The Conference Board's consumer confidence index for June dropped sharply to 52.9, which is a horrible underperformance of expectations given that consensus had forecast a reading of 62.
For twelve years I have studied the many ways in which fathers can be deprived of their rights by family courts and family law. One of the easiest ways is for mothers to keep the truth about paternity secret from dads. Over the years, I have read sco
When it was confirmed last winter by then-Director of National Intelligence Dennis Blair that the Obama administration had authorized the assassination of American citizens working with terrorist groups overseas, it appeared that no more than three A
Yet another smackdown on MSNBC by the inimitable Rick Santelli of all that is fiat, and its henchmen. "Go read some Austrian economist instead of the funny pages." Santelli tells Liesman, to which the response is "I am ready to talk about Fred Hayek,
Wachovia struck a deal with Federal prosecutors under which the bank admitted it didn't do enough to prevent money-laundering between criminal organizations, in which illicit funds transferred flew past the $300 billion mark.
Each time the day of reckoning is put off, the bigger the price down the road. Thus, we should all be fearing more Keynesian and Monetarist attempts to forestall the inevitable collapse.
The admission came in an agreement that Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.
Latinos represent a huge and fast-growing market. About one in three people in Arizona is Latino, and about 40 percent are 17 or younger. In Arizona, Latinos accounted for 16 percent of all purchases in the state, or $31 billion in spending...
The results of the first survey are out, and not surprisingly, it indicates that first-time “homebuyer traffic dropped sharply in May. This drop implies fewer signed contracts in June and fewer closed transactions in July and August.”
What usually happens when markets get wildly overvalued – and a ~3 standard deviation price move sure qualifies — is they get resolved not by reverting to the mean, but by careening far beyond it.