Newsclips
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April 15, 2011
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Comment Jim Bianco was on CNBC discussing President Obama’s budget proposal. To view the interview click on the picture above. To view any of our recent interviews click here. In the interview we agreed with President Obama that the richest Americans are paying the lowest share of taxes in fifty years (we highlighted it in… Continue reading Obama’s Budget Proposal
Bloomberg.com – Gridlock Good for Treasuries With Gap to Bunds Narrowing The big winner in the battle over the U.S. government budget may be the bond market, as investors say for the first time since the onset of the financial crisis they see lawmaker resolve to trim the $1 trillion deficit. “The market doesn’t care… Continue reading Government Gridlock & The Markets
Bloomberg.com – Michael Lewis: The Fed Rescue Program Too Bizarre to Be True Last week the Federal Reserve bravely released 894 PDF files containing 29,346 pages that detailed its heroic actions during the financial crisis. These documents revealed how open-minded the Fed can be when it needs to be. Local governments in Belgium, Japanese fishing… Continue reading Uncovering The Federal Reserve’s Bailout
MarketWatch – Federal Reserve’s path of destruction The destructive result of the Federal Reserve’s earlier housing and consumer credit bubble became the excuse for embracing a destructive zero interest rate policy which is self-evidently fueling even more destruction. This destruction is namely, the exploitation of middle class savers; the current severe food and energy squeeze… Continue reading The Great Bubble-Making Machine That Is The Federal Reserve
<Click on chart for larger image> The Wall Street Journal – Greek Debt Pressured by Restructuring Speculation Fresh speculation that Greece faces a debt restructuring—fueled by a German government minister’s interview—put Greek government bonds under pressure Thursday. Bond prices fell and the cost of insuring Greek government bonds against default jumped after two days of… Continue reading Greece
The Wall Street Journal – U.S. Asks if Banks Colluded on Libor U.S. investigators are examining whether some of the world’s biggest banks colluded to manipulate a key interest rate before and during the financial crisis, affecting trillions of dollars in loans and derivatives, say people familiar with the situation. For the past year, law-enforcement… Continue reading LIE-BOR Investigation Continues
The Financial Times – America must give up on the dollar Every 20 to 30 years – whenever, it seems, that America’s current account deficits surge – we hear dire warnings about the end of the dollar’s dominance as the world’s reserve currency. In the past few years these warnings have only intensified. But these… Continue reading The Dollar’s Reserve Currency Status
Bloomberg.com – Caroline Baum: Atlas’s Ayn Rand Never in Bed With Hollywood How is it a novel so many readers describe as “life-changing” took 54 years and a gaggle of producers, writers and directors to bring to the screen? One answer is Ayn Rand herself, author of “Atlas Shrugged,” which was published in 1957. Earlier… Continue reading Atlas Shrugged
Charts of the Week Topics Covered This Week Include: Retail Gas Prices Vehicle Miles Traveled Crude Oil Speculation U.S. Inflation Expectations … The Edge of Acceptable The Repo Carry Trade Leverage In The Markets – 1 Leverage In The Markets – 2 The Federal Budget The Federal Budget – 2 Tax Freedom Day Commodity ETF… Continue reading Untitled
<Click on chart for larger image> Bloomberg.com – Budget Deficit in U.S. Increased to $188.2 Billion in March The U.S. government, on course to reach a record annual budget deficit, posted a monthly shortfall of $188.2 billion in March, wider than a year earlier, Treasury Department statistics showed today. Last month’s deficit was up from… Continue reading The Federal Budget