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Fed Chair: No Interest Rate Hike Any Time Soon

Janet Yellen

Federal Reserve Chair Janet Yellen set a cautionary tone on the economy saying that the FOMC will not make a move on interest rates for the next few meetings. Ms. Yellen attributed her dovish stance to weak inflation and a slowly improving jobs situation. “It continues to be the FOMC’s assessment that even after employment and inflation are near levels ...

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Why Lower Gas Prices Are NOT Allowing Consumer Revival


The drastically lower cost of gasoline was supposed to lead to a huge revival of consumer spending – why hasn’t that happened? Economic theory assumes that if a consumer has more money available, they will spend it. One of American’s major expenses is on energy. Put these two together and consumers should be running amok on, eBay and local ...

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“Everything Seems Upside Down!”


A friend lamented to me recently, “The whole world seems upside down. What should be considered bad is now good, and vice versa.” He went on to detail how laws of economics are violated domestically, expecting an outcome different than the natural law of cause and effect would dictate. I concurred with him, and found myself reflecting on some of ...

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Capitalism Survives, In Spite of Obama, Pelosi, et al


As we embark on a new year, positive economic indications are abundant. Having experienced the worst recession in modern financial history six years ago, the U.S. has slowly but surely emerged on more sure footing heading into the New Year. What has precipitated economically over the past six years cannot causally be attributed to any policies or governmental programs. Recovery ...

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Dollar Strength Set to Continue


The U.S. Dollar has been on a huge upside run for months, and depending on Friday’s jobs numbers, may continue to dominate the currency market. Chinese PPI (Producer Price Index) grew at only 3.3% indicating a cooling in the Asian economy. Chinese property developer Kaisa Group Holdings has defaulted on $52 Million dollars in U.S. Dollar denominated debt and indicated that ...

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Russian Currency Collapses Overnight

Russian ruble value

The Russian Ruble has taken a turn for the worst as an overnight move by the Russian central bank increased mistrust of the entity and the buying power of the Russian currency. America may feel the pinch before long. At 1:00am in Moscow, the Russian Central Bank increased interest rates from 10.5% to 17% – a 650 basis point move ...

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Obama Legacy: No one wants to work

ebt card

Almost everyone agrees that the policies of the current administration are not conducive to job creation. What’s really eye-opening is that the current policies are causing a huge portion of Americans to find work undesirable. So why are more Americans not seeking work? The Pew Research Center has the answer: You might think legions of retiring Baby Boomers are to blame, ...

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Obamacare forces many to avoid preventative healthcare

President Obama promised huge reductions in premiums and greater access to care. Unfortunately, forcing insurers to create plans with easy payments, unaffordable deductibles terrible networks has had dire consequences. Fox News reports that the White House pushed for low premiums regardless of the fact that they come with high deductibles, reduced benefits and very few doctors in-network because “most people ...

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Intelligent Americans Reject Democrat “War on Women” and decide to vote smart

Political polling shows that the American voting public grows increasingly weary of Democrats saying that Republicans oppose mammograms and PAP smears. Liberal groups funded by commercial abortion operations like Planned Parenthood have been producing dramatic advertisements showing women complaining about Republican candidates who are voting against mammograms and PAP smears – key tools in the detection of women’s health issues. Unfortunately for Democrats, women ...

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Are You a Purple Penguin?


This story goes in my “Administrators gone wild” file. It seems a Nebraska school district is instructing its teachers not to use the terms “boys and girls,” “ladies and gentlemen,” “you guys,” well, you get the idea. Why? Because they don’t include gender non-confirming terminology and therefore causes confusion for those few children who don’t identify with any specific gender. ...

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Unemployment at All-Time Low 5.9%… Just Kidding!


Government math takes on many forms. I think it’s the basis for Common Core math. In Common Core, 2 plus 2 plus 2 doesn’t always equal 6. Just like 18% of employable people in the U.S. equals a 5.9% unemployment rate. The 5.9 %number is usually arrived at by simply looking at how many Americans file for unemployment every week, ...

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Article V Convention – Congress Will Not Act, So We Will


Government debt continues to amass at a dizzying pace. The federal government has displayed no discipline in reining it in and reestablishing a more sound fiscal footing for the future of the country. Our founding fathers, however, had the prescience to include in our Constitution the means whereby the states, and the people, could force the government to do what ...

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Paying Taxes Is Not “Patriotic,” Nor is it “Voluntary”


Six years ago Vice President Joe Biden said that paying taxes is patriotic. Citing the need for the wealthy to pay more of their “share” of taxes, he said it was, “time to be patriotic,” even though the top 20% of wage-earners pay 93% of federal income taxes. The latest iteration of the “paying taxes is patriotic” meme came last ...

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I Told You It Wasn’t a Woman’s Health Issue !


I have been saying, to the irritant of my friends on the Left, that abortion has nothing to do with women’s health. One of the original questions the Supreme Court had to deal with in the seventies when they approved this “slaughter law” was, when does life begin. Well, all the academics and doctors that were willing to take some ...

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The Failure of Obamanomics

Obama failures

The strongest component of the Federal Reserve’s Leading Economic Indicators currently is stock market performance. Such equity strength is more a case of artificial stimulation by the Federal Reserve through Quantitative Easing and the cozy relationship between Washington and Wall Street than it is a sign of a healthy economy or White House policies that have been conducive to growth. ...

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