Economic Commentary
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From the Good News Dept.: North Dakota’s Economy Is Doing Just Fine, Thank You
Finally, some good news about the economy, from an unlikely place: North Dakota. CNNMoney reported that while the United States' economy grew at...
Everything’s Made in China? Not Quite.
An analysis just released by the Federal Reserve Bank of San Francisco concludes that most of what Americans spend on consumer goods, electronics,...
Read moreThe Fed: QE3 Is All but Certain
The latest report from the Board of Governors of the Federal Reserve System confirms what every sentient being already knows: The economy is...
Read moreStock Market Decline Just the Beginning
The stock market is in freefall once again, evoking specters of 2008. As one fund manager told the Wall Street Journal on Monday,...
Read moreWhy Is Gold Over $1700 an Ounce?
With gold bouncing up from $1,668 an ounce on Friday, August 5 to $1,778 on Tuesday, August 9, it was the biggest three-day...
Read moreGeithner Won’t Resign After S&P Downgrade of U.S. Securities
On Friday, Standard & Poor's kept its word and downgraded the U.S. credit rating for the first time in history — from AAA...
Read moreS&P Downgrade: Does It Portend a Death Spiral?
Standard and Poor’s was blunt in its assessment of America’s deteriorating financial condition when it announced Friday night that it was cutting its...
Read moreU.S. Credit Rating Still at Risk
Moody’s announcement on Tuesday that it would retain its AAA rating of U.S. government sovereign debt as a result of the debt-limit agreement...
Read moreDebt Ceiling Crisis: Putting Things Into Perspective
The compromise bill that emerged Sunday night from behind closed doors is being loudly trumpeted in an attempt to persuade recalcitrant conservatives in...
Read moreGeorge Soros Quits Quantum Fund
George Soros recently made a stunning announcement: He would be dissolving all of his non-family aspects of the hedge fund that ultimately made...
Read moreObama: FDR “Fiscal Conservative”
According to President Barack Obama, Franklin D. Roosevelt, long regarded as a free-spending President, was actually “fiscally conservative.” What’s more, said Obama, Roosevelt’s...
Read moreForbes: U.S. Default a Given
According to no less a source than Forbes magazine, a U.S. default is no longer a question of if. It’s when. In a...
Read morePresidential Candidate Ron Paul’s “Extremism”
Claiming that presidential candidate Ron Paul leads the “economic suicide wing” of the Republican Party, Brent Budowsky, writing for The Hill, says that...
Read moreThe Real Impact of a U.S. Debt Downgrade
When Standard and Poor’s moved up their timeframe for a downgrade on U.S. sovereign debt from three to five years to just 90...
Read moreObama’s Letter to Americans: Stand Behind Efforts to Raise Debt Limit
President Obama’s open letter to the American people published yesterday in USA Today challenges them “to do something big and meaningful" and stand...
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