Posts tagged as:

Federal Reserve

The Economy: A Good Sign and a Dire Warning

May 11, 2013

Scouring the Internets this morning I bumped into two articles.  One shows something good, the other something not so good. Michael Barone wrote this article posted on RCP which says the college bubble is finally starting to burst.  The cost of university has not been tied to market forces since about 1986, which helps to [...]

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Trillion Dollar Coins. Seriously?

January 6, 2013

New York Democrat Representative Jerry Nadler and others are supporting the idea of the Treasury minting a trillion dollar platinum coin a few times and merely depositing them at the Federal Reserve so as to avoid a debate over the fiscal cliff.  What could go wrong! How did a rule mostly used for the creation [...]

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Who Needs Economists When We Have Psychics!

June 25, 2011

Scouring the Internet today, I bumped into this CNN video posted at Malkin’s site: I knew it — Bernanke’s Moon sign tells us he’ll be happy sometime in the Fall;  hence the economy will be looking up!  On the other hand, Bernanke could be happy because he got news of a grandchild coming, or maybe [...]

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Oh That Woeful Economy!

June 1, 2011

Wall Street generally doesn’t like bad news and today it got some:  manufacturing’s down, the private sector only created about 38,000 jobs, and with new unemployment stats due on Friday, this could be a bummer of a week. But I don’t worry about Wall Street so much anymore.  When a possible misprint of a “b” [...]

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Ireland is Breaking

November 10, 2010

Ireland’s been having to deal with a serious banking crisis which won’t go away.  However, things just got worse for Ireland:  this week Ireland’s debt hit a level that has spooked investors into predicting that Ireland will be the next euro zone nation to require a bailout. Two years of government bailouts have merely broken [...]

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“Quantitative Easing” Inflation Fuse was Lit Yesterday

November 4, 2010

With all the highs and lows of the last few days, a news story which seemed to have been buried by all but a few news outlets was the Federal Reserve’s decision to buy $600 billion in government bonds, with the room to buy up to $900 billion if needed.  This “quantitative easing” is an [...]

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Bernanke Warns of Debt Explosion

April 14, 2010

Or in the Fed Chairman’s words, a debt “Armageddon” is on the horizon if we’re not careful.  Speaking to Congress today Ben Bernanke made that prospect clear along with imploring Congress to not let the Bush tax cuts expire.  However, he was talking to a Democrat-controlled Congress so perhaps he should have just made it [...]

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Dump Ron Paul, Already

February 24, 2010

I realize that I am basically inviting trolls with this, but here it goes.  The GOP and the Conservative movement need to dump Ron Paul.  Yes, he has enthusiastic and well-organized supporters.  Yes, in some ways he espouses the principles of our founding in ways that other elected leaders are afraid to, and he’s very [...]

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Ron Paul is Right on the Federal Reserve

June 30, 2009

Ron Paul has been pushing for transparency at the Federal Reserve for 26 years.  Suddenly, that proposal is getting more attention nowadays.  His bill simply asks for a full-fledged audit of the Federal Reserve – we want to know where our money is going, how much money they are handling, and anything else they’ve got [...]

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Obama Moving America To Economic Ruin

April 3, 2009

Anyone with even a basic understanding of idea of Economics will understand that when there is no balance between expenditures and receipts, disaster will usually become inevitable.  Sure, the average person or business that is deep in debt can refinance, perform balance transfers to new lines of credit, and move money around, but in the [...]

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What Are We Doing Here?

January 28, 2009

I am getting the feeling that history books will look at this economic crisis and wonder what the hell we are doing?  It seems that the idea of billions and trillions of dollars has lost its shock value with the American People.  We had a $750 billion TARP bailout package, the FED has increased the [...]

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AIG Bailout Shortens Path to Socialism

September 17, 2008

The AIG bailout by the Federal Reserve involves the FED “loaning” AIG $85 billion in exchange for nearly 80% equity in the company.  Now, it is within the Fed’s charter to loan money;  however, the fact that the Government has now nationalized a major private insurance company (although the Fed denies that this is what was done) [...]

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