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Money & The Economy

News on Finance, Money, markets and the economy

Jobless Situation Unchanged Since March – Real Analysis on the Unemployment Numbers

Oh the media.  Every outlet has been totally abuzz about the drop in initial jobless claims reported by the Department of Labor today.  It was only a reduction of 3,000 people, but that’s not where they failed to do their homework- the 450,000 number .. is THE SAME as it was back in March and before.  That means that things ...

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Huffington Attacks Obama on Economy, but Misses the Mark

Arianna Huffington may have gone off the reservation.  In her article titled “Obama Insists He Made ‘The Right Decisions’ on the Economy – The Struggling Middle Class Begs to Differ”, Arianna tells it like it is: In his otherwise excellent speech in Cleveland on Wednesday, the president showed that, when it comes to the plight of the middle class, he ...

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Dodd-Frank: A Nightmare On So Many Levels

Senators Barney Frank and Chris Dodd put together yet another progressive nightmare for our marginally free-market system. Granted the thought of those two alone in a dark corner is nausea-inducing, that’s not where I’m going. The Dodd-Frank bill, otherwise known as the “Wall Street Reform and Consumer Protection Act” neither reforms Wall Street nor protects consumers (who should really need ...

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You Are No Longer Entitled to Prosperity

Modern Monetary Theory (MMT), or Chartilism, is not as innocuous as it sounds, and America can trace her every current  financial woe to it. Developed in the 1920s, and approved of by John Maynard Keynes, it became the hidden standard of our economy when we moved completely to a fiat money system and away from one backed by a commodity. ...

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Why You Should Care About the CBO Report – Really This Time

The non-partisan Congressional Budget Office (CBO) produced the most-recent version of it’s periodic report on the state of the nation’s economy.  The report was as dreadful as expected: debt rising and tax receipts going down, but you knew that already.  What’s different is how they are either lying to candy coat how bad things are going to get, or they ...

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Welcome to the New Deal. Same as.. The New Deal

You read about The New Deal (circa 1933 – 1938) in high school, but did you ever think you would get to live through it? They say that those who do not learn from history… you know the rest. In a nutshell, we are the doomed in this case.  Just how closely is Obama and his band of merry morons ...

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Warning Signs of an Economic Collapse

Obama has previouly stated the he has pulled the economy back from the brink. This is far from truth and quite the opposite. Obama’s economic policies are instead pushing us off the economic cliff. The 13 trillion dollar National Debt is just one of a number of unprecedented warning signs pointing toward an economic collapse. The National Debt is very important, but not ...

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The Reality of the Jobs Numbers

Greg Howard tweeted to check out the Bureau of Labor Statistics instead of relying on the media to relay the jobs situation.  If you follow me, you know I love numbers.  Not only did I dig out the numbers, I went and graphed it out. So I don’t have to deal with the LibKiddies saying I made up the numbers.. ...

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Learning Economics From Chinese Students

As shameful as it is, a Chinese student gets what we’re struggling to understand – government policies are stifling consumption, exports and therefor the economy. A Bloomberg.com post mentioned that when a professor was discussing the nation’s move to keep interest rates low, a student chimed in with true wisdom: Peking University professor Michael Pettis was discussing declining bank-deposit returns when a ...

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Federal Reserve Struggling to Create Inflation

The specter of deflation is looming.  Federal Reserve chief Ben Bernanke, the President’s economic advisor Paul Volcker (remember him from the Carter years?), and Treasury’s Timmy Giehtner are all worried that the inflation they have been trying so hard to elicit isn’t coming fast enough – or at all. While inflation is what happens when too many dollars are chasing ...

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The Myths about the Myths of Social Security

For decades we’ve all known the Social Security was in trouble. No more!!  MoveOn.org has calmed the waters and published the truth – all while using an absolute fiction. This post at the liberal site attempts to convince its readers that there is nothing wrong with Social Security – move on folks, nothing to see here: Myth: Social Security is ...

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The War on Tax Cuts

In their current battle to tax-and-spend us into economic collapse, the left has dug up or created every statistic they can to somehow justify taking more money away from Americans and letting the government spend it. This is not a new battle or a new position. Behold Senator John Kerry discussing tax cuts: Basically, you can’t be trusted to invest ...

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Are we on the verge of an Economic Collapse?

Are we on the verge of an Economic Collapse? In my opinion yes, and it is intentional, but I’ll let the CBO give you a heads up before I give my opinion. Federal Debt and the Risk of a Fiscal Crisis July 27, 2010 Economic and Budget Issue Brief Summary “Over the past few years, U.S. government debt held by ...

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Many Private-Sector Employees May Be Independent Contractors Soon

The last eighteen months have been the most traumatic to America’s businesses community ever.  The Obama administration started out by bashing those who run companies and those who invest in them: CEOs and Bankers.  Oddly enough, now those two demographics are a little punch drunk and unable to do what the American economy needs: make money, invest, grow, hire. From ...

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Recent Legislation Allows Congress to Track You

The new paradigm in Congress: Pass legislation first, then figure out what’s in it.  We have certainly learned much about the worthless health care reform bill and now a real head scratcher.  Section 9006 of Obamacare amends section 6041 of the IRS code so that when you buy or sell more than $600 of anything, within a fiscal year, you have ...

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