After a slow week of economic data, the pace will pick back up during the coming week with a slew of producer and consumer prices from the US. Over the past six months, these figures have been slowing, causing increased calls for additional quantitative easing. Retail sales are also an important indicator as falling sales in the spring months were…
As you know, a lot of people have been looking for America to fall flat on its face during the past few years. In fact, some of the bears believe that the recession of 2008-2009 never really ended. Given the recoveries in GDP and other economic measures, I have greeted such talk with more than just skepticism – I have…
This next week could be extremely pivotal for the market. If Draghi can follow up with his statements from Thursday and Friday, it is likely that the market will continue its run higher. Draghi said on Friday that the ECB was looking to start a new bond-buying program, cut rates, conduct another special LTRO and give the ESM a banking…
Caterpillar CEO Sees Global Economy Improving Published: Wednesday, 25 Jul 2012 By: Justin Menza Caterpillar chief executive officer Doug Oberhelman told CNBC’s “Squawk Box” on Wednesday he’s optimistic the global economy is improving long term despite mixed signals currently. “We’re in a rough spot today because of what happened a year ago with a lot of governments and central banks…
(c) The Economist Newspaper Limited, London 2012. All rights reserved The American economy America’s economy is once again reinventing itself. ALMOST the only thing on which Barack Obama and Mitt Romney, his Republican challenger, agree is that the economy is in a bad way. Unemployment is stuck above 8% and growth probably slipped below an annualised 2% in the first…
BY: Charles Krauthammer To all my friends, particularly those conservatives who are despondent over the searing betrayal by Chief Justice John Roberts and the pending demise of our beloved country, I offer this perspective to convey some profound hope and evidence of the Almighty’s hand in the affairs of men in relation to the Supreme Court’s decision on Obamacare. I…
Just because the “new deal ” was announced in the Eurozone, we still believe there will be more issues coming up over there for some time to come. The problems have not been solved and its like reliving the last three summers all over again. Further, while we thoroughly enjoyed the rally last week, we believe the market has some…
Despite ruling Obamacare “constitutional” as A TAX, there is a hidden gift in this ruling. How did they jam through Obamacare in the first place? They used RECONCILIATION, which only requires 51 votes in the Senate instead of the usual 60, and no filibustering is permitted. This is reserved for budgetary issues, and the cost curve “savings” proposed in Obamacare…
The Chief Justice of the Supreme Court just did Romney and numerous other republicans a major favor today. He opened the door even wider for them to earn victories in their elections this November. Justice Roberts finally showed the USA exactly what is in ObamaCare, the Largest Tax Increase EVER effected on the people in the USA. Before the election…
What Today’s Ruling On ObamaCare Means To Consumers. Associated Press By. Louise Radnofsky WSJ.COM Most of the health law mandates don’t start until 2014. The Supreme court said Congress was acting within its powers under the Constitution when it required most Americans to carry health insurance or pay a penalty. It upheld the mandate as a tax, in an opinion…
Tax Hikes in Obamacare: How Will SCOTUS Rule? Wednesday, June 27, 2012 7:38 PM Obamacare law contains 20 new or higher taxes on American families and small businesses. On the eve of the Supreme Court’s decision on Obamacare, taxpayers are reminded that the President’s healthcare law is one of the largest tax increases in American history. Obamacare contains 20 new…
As the Supreme Court prepares to render its decision on ObamaCare, I wanted to take a moment to once again express my opposition to this legislation. As I mention in my address, here are the top ten reasons ObamaCare is Unconstitutional. If upheld, this law will fundamentally alter the meaning of liberty in our country and pave new ground for…
This tells the story of why Bush was so bad ( Not ) at the end of his term. Don’t just skim over this, it’s not very long, read it slowly and let it sink in. If in doubt, check it out! The day the democrats took over was not January 22nd 2009, it was actually January 3rd 2007 the…
In addition to Greek Elections: The long awaited FOMC meeting will happen on Wednesday, with many market participants expecting the Federal Reserve to at least extend its Operation Twist program of buying longer-term Treasuries and selling short-term Treasury bills. There is the possibility that the Fed will conduct a third round of bond buying, or QE3. The Fed has telegraphed…