The small European country of Greece is known as a beautiful tourist destination– a country typically associated with great history, beautiful islands, seemingly endless coastlines, happy people as well as gorgeous weather year-round. But it is not...
The Fed recently announced that it would ‘twist’ the yield curve. “The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of...
A week or so ago the Charlie Rose Show (the first 20 minutes) included commentators Gerald Seib from the Wall Street Journal, Al Hunt from Bloomberg News and Dan Bolz from the Washington Post discussing the Debt Limit Talks. The ‘conventionally...
The Flow of Funds Accounts of the Federal Reserve System for the last five years goes a great distance in explaining the ongoing financial and economic malaise of the U.S. economy. The total credit creation was trending upward and reached a peak in...
They say that the very first step an alcoholic must take is to admit that they are in fact an alcoholic. Before he or she can make any progress, the alcoholic must address his or her problem. As a country, our legislative representatives and...
The American Republic will endure until the day Congress discovers it can bribe the public with the public’s money. Alexis De Tocqueville, Democracy in America, 1835. Folks, you have just read the perfect definition of Congressional earmarks and...
That was the response that I received the other day when I did a little “survey” of the average American’s knowledge of what is becoming a major issue in the United States. This is sad, as this “quote” National Debt, could affect the way we live in...