Fairy Tales in the Fantasyland of Washington D.C.
Chuck Schumer, the liberal democratic senator from New York is out with some post-election blather on the fiscal cliff. Schumer and his liberal allies...
RIP Economic Freedom
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse...
Annuity Blimp Losing Air
When you get your insurance bill, you may not think insurers struggle to make money, but indeed some do. MetLife Inc. reported a third-quarter...
A Savings Fueled Bump
In the last four months, growth in Americans’ disposable incomes has been nonexistent on an inflation adjusted (real) basis. But Americans’ real personal expenditures...
Government Boosts Economy Just Before Election
Less than two weeks before Americans head to the polls, the BEA has announced a 2% increase in real GDP growth. Of those two...
Investing in a Global Recession
World trade volumes declined for the third month in a row according to the CPB World Trade Monitor Index released today. The index grew...
Earnings Catch Wall Street by Surprise
Last week the market was surprised by an unintentionally early release from Google, which reported earnings much lower than analysts had expected. But Google...
The Truth about Last Week’s Jobless Claims
Last week we cautioned you to be skeptical of the weekly jobless claims numbers. They didn’t include quarterly claims from California, the nation’s most...
The Great Gold Bull Market
In the last five years the price of an ounce of gold has increased 131%. Easy monetary policies and the downgrade of many sovereign...
Manufacturing’s Renaissance Faltering in New York
For the third consecutive month, the Empire State Manufacturing Index indicated that the manufacturing industry in New York is declining. Any value below zero...