Tasked with one goal, to cut the deficit by $1.2 trillion, the Super Committee announced Monday that it had failed. Senator Bob Corker from Tennessee summed up the failure well, calling it “nothing short of an embarrassment, an absolute national disgrace and failure of leadership.” After the failure, Congress is already backtracking on its plan […]
Recent News: September 23, 2011- Obama Sold Israel Bunker-Buster Bombs President Obama has secretly authorized significant new aid to the Israeli military that includes the sale of 55 deep-penetrating bombs known as bunker busters.
An interesting timeline of drilling in America’s fast growing oil field, the Bakken Shale of North Dakota and Montana.
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.
By DANIEL HALPER This is not what democracy looks like. Before Occupy D.C. protesters swarmed the Washington Convention Center on Friday night, Mayor Rudy Giuliani delivered a speech to the free market faithful at the Americans for Prosperity conference. In his speech, he made the case that Barack Obama is responsible for the Occupy […]
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?