The Single Greatest Risk to the Global Economy
While global equity markets continue to cheer every positive headline out of Europe, the Italian government bond market implodes. Even with the European Central Bank intervening in the market, the spread between Italian and German government bonds hit a new high yesterday. Read the full story Read More →
Forecasting Recession
In October, the Conference Board’s Consumer Confidence expectations index plunged deep into recessionary territory. The index has only been lower twice in its more than four decade history. Both episodes were associated with deep recessions. Why are consumers forecasting recession? Read the full story Read More →
A Bird’s Eye View of the Trouble We’re In
Chart 1 - Click to Enlarge How is it that President Obama can rumble around the heartland of America in his jet-black Obamabus touting his presidency when he has absolutely nothing to tout but failure, failure from A to Z? Read the full story Read More →
Terrified Investors Watch Life Savings Evaporate!
Events of the past week have again driven home to investors the fact that the financial markets, dominated by computer-driven institutional trading, can feel like WWII’s Battle of Bastogne. The word terror becomes an understatement. I have been advising conservative, small business owners and retired... Read the full story
The Wrecking of America
If you have paid a lick of attention to the recent budget/debt charade, you may be as sick to your stomach as I am. Presiding over the sinking ship is a president who in all honesty does not have a resume to run a tiny business, never mind the most productive country in the world. In my post “The Tea... Read the full story
Is America Collapsing Back Into Recession?
In many ways our country has never really recovered from the 2008/2009 economic debacle. The modest recovery that has emerged has come as the result of a historical running of the money printing presses by the Fed. It’s a scheme of monetary bribery. The administration in Washington is at sea and is... Read the full story
Too Little, Too Much, Too Late: The Arab Spring Speech
The president gave a speech billed as a major policy address last Thursday. In it he made a major change in the U.S. stance on Israel/Palestine. According to the Israelis, it showed that he knows too little about why the region finds itself in this predicament in the first place. The president also promised... Read the full story
AN ECONOMY ON THE EDGE
Americans need to know just whose hand is on the tiller of our economic ship of state. We need to know where to point the finger for the unfolding disaster that is the U.S. economy. Periods of sustainable economic expansion must feature a strong housing sector, highlighting, of course, an upside trend... Read the full story
Radicals are Most Adept at Breaking the Necks of Conservatives
“The radical does not sit frozen by cold objectivity…. Society has good reason to fear the radical…. Radicals precipitate the social crisis by action—by using power…. If you have a vast organization, parade it before the enemy, openly show your power…. If your organization is too tiny even... Read the full story
Slappin’ Around the Dwarfs
Yesterday, Matt, Debbie, and I met at our Naples office with Cato Institute chairman Bob Levy and cofounder and president Ed Crane. The goal was to increase our awareness of Cato’s research efforts and discuss the vital Cato capital campaign. Following the meeting, we all participated in the first... Read the full story
