By Bill Wilson — A few recent sets of better-than-expected economic data released by government agencies in Aug. have seemingly made an additional round of quantitative easing — i.e. money-printing to purchase U.S. treasuries or mortgage-backed securities — by the Federal Reserve this year significantly less likely. While the veracity of the data has been […]
By Bill Wilson — On Aug. 20 Greece must make a bond payment of €3 billion that it owes to the European Central Bank, but it does not have the money. So, it will be getting its loan from none other than the European Central Bank (ECB), […]
By Bill Wilson — Obama has declared war on the private ownership and financing of American industry. Obama handed over much of Chrysler and GM to the autoworkers union while destroying bondholders’ stake in the companies. That is hardly a model for job growth in America, and […]
By Bill Wilson — A year ago, the $2.1 trillion increase in the debt ceiling was accepted — the largest in American history — because of the promise of offsetting spending cuts. A supercommittee was formed to find the cuts, but if it failed, $62 billion of […]
By Bill Wilson — Sep. 2012 looks to be an interesting month, with a confluence of factors that pose considerable downside risks not just for the U.S., but the global economy — any of which could send us, with anemic growth of just 1.5 percent for the […]
By Bill Wilson — With the tepid 1.5 percent annualized growth in the Gross Domestic Product (GDP) for the second quarter of 2012 in the U.S. reported by the Bureau of Economic Analysis , it is official. We’re Japan. Where no matter how much money we print via the Federal Reserve’s so-called quantitative easing, […]
By Bill Wilson — A July 18 report by the Cato Institute’s Michael Cannon has revealed a critical flaw in the Obamacare law that could ultimately prove to be its undoing. Namely, if states refuse to set up an insurance exchange under the law, the federal government lacks authorization to dispense some $800 billion in subsidies through […]
NRD Editor’s Note: This column originally appeared at Forbes.com . By Bill Wilson — Several mainstream media outlets are reporting that Congressional Democrats are making explicit threats. Unless Republicans cave-in to their demands to increase taxes on higher income families and small businesses, the Democrats will block all […]
By Bill Wilson — The fallout continues to be felt by the Barclays scandal to fix its published Libor (London InterBank Offered Rate) in 2008, the rate at which banks would lend to one another. These are supposed to be based on the bank’s actual borrowing costs. […]
