By Bill Wilson — Can you say Smoot-Hawley? Not content with Ben Bernanke’s currency war — which attempts to cheapen prices for U.S. exports overseas by devaluing the dollar — the Obama Administration has decided to go for the real thing, slapping new tariffs on Chinese solar […]

By Bill Wilson — In this recession, the economy has lost a net 3.4 million jobs from its 2008 peak that have not yet been recovered. Meanwhile the working age population has grown by more than 11.1 million since then — creating a 13.5 million and widening […]

By Bill Wilson — Woe unto the next president, whoever he may be. Managing director and co-founder of the world’s largest bond trader Pimco, Bill Gross, has released a shocking warning to the U.S. that promised entitlements to citizens may not be worth the paper they’re printed on. He called the U.S. “an addict whose habit extends beyond weed or cocaine and who frequently pleasures […]

By Bill Wilson — Since Barack Obama has taken office, the national debt has increased by $5.3 trillion, including $1.2 trillion in the past fiscal year alone , to today’s gargantuan $16 trillion total. Never before has the debt increased so much in a single term of office, and now the American people must decide who it is […]

By Bill Wilson — One almost feels bad for Paul Krugman, who in recent days appears like the brilliant student in class who spots meaningful relationships between different sets of data, but then fails to fully apply the concepts. Of late, the New York Times columnist and […]

By Bill Wilson — The economy is slowing down — again. Second quarter Gross Domestic Product (GDP) has been revised downward to 1.3 percent growth by the Bureau of Economic Analysis (BEA), coming atop an initial estimate of 1.5 percent and a rosier revision to 1.7 percent in August. This is a trend. First quarter GDP was similarly revised downward to […]

By Bill Wilson — This significant, .4 percent final revision of the 2ndquarter Gross Domestic Product measurement calls into question whether we are seeing more data manipulation by this Administration.  Going into the political conventions in August, this same Commerce Department produced a picture of a slightly […]

By Bill Wilson — Is competitive currency debasement by central banks causing a global economic contraction? According to data published by the International Monetary Fund , exports worldwide are down in 2012 by an annualized rate of 1.8 percent, led by a 2.6 decrease in emerging and developing economies. Put another way, worldwide exports in 2011 […]

By Bill Wilson — There’s a convenient explanation for the boo birds that rained down on U.S. Speaker John Boehner during last month’s Republican National Convention.  According to the GOP  insiders,  the incident wasn’t a big deal – a mere smattering of discontent emanating exclusively from supporters […]

By Bill Wilson — Mitt Romney is not backing away from comments he made at a May 17 fundraiser in Boca Raton, Florida fundraiser, captured on video, that Barack Obama’s base consists of half of Americans who do not pay income taxes, “who believe that they are […]