Politics Archive

Please sign this Petition, it’s important!

Need any 3500 names to launch the investigation into the USVI election process that shamelessly rigged the Congressional election last November. . Please click here and ‘sign’ if you can, and email to others if you can. Thanks! ...Read More

Obama double talk on jobs

Note the flip flop. Obama Says Job Market May ‘Stall’ as Result of Budget Cuts By Hans Nichols May 19 (Bloomberg) — President Barack Obama told a group of Democratic donors in Atlanta that the economy and job market could falter as a result of the automatic spending cuts that went into ...Read More

Overall view of the economy

This is my overall view of the economy. The US was on the move by Q4 last year. A housing and cars (and student loans) driven expansion was happening, with slowing transfer payments and rising tax revenues bringing the deficit down as the automatic stabilizers were doing their countercyclical thing that would ...Read More

The Stockman’s big swinging whip

The Man from Snowy River By Banjo Paterson So Clancy rode to wheel them — he was racing on the wing Where the best and boldest riders take their place, And he raced his stock-horse past them, and he made the ranges ring With the stockwhip, as he met them face to ...Read More

Warren Mosler – economist – George Jarkesy Radio Show

Link to audio ...Read More

RBS: U.S. Equity Strategy Weekly; Assessing some Cracks in the Foundation

Good observations: Assessing some Cracks in the Foundation Most measures of investor sentiment rest deep within the optimistic domain. This, combined with the recent decline in volatility and performance correlation, suggests that investors have become much less concerned about the macro economy. A serious correction has so far failed to materialize and ...Read More

Blast, drone kill 13 al Qaeda-linked militants in Yemen

Presumably with specific US Congressional approval… Blast, drone kill 13 al Qaeda-linked militants in Yemen ...Read More

Friday update

So just like Japan, as soon as the economy starts doing a bit better we hike taxes. Still too early to say how the FICA hike will impact sales and profits, but it will. And spending cuts are on the way, though they may be delayed. Not to forget the debt ceiling ...Read More

Platinum Coin Idea Is Rejected by White House

This is far more problematic than markets realize. The President had a choice. The debt ceiling thing expresses ‘the will of Congress’ where Congress makes laws for the executive branch to execute. The President has also sworn to uphold the Constitution which says the President has to pay the nation’s bills. The ...Read More

Cliff notes

Jobless Claims Fell More Than Expected, Down by 25,000 to 370,000 I haven’t written much this week because I haven’t seen much to write about. Still looks like both the economy and the markets are discounting the cliff. And still looks to me like ex cliff GDP would be growing at about ...Read More