By Bill Wilson — All hopes that the European sovereign debt crisis might be contained to the periphery were dashed on June 10 as European leaders agreed to a €100 billion bailout loan to Spain to recapitalize its banks. The proposal would  allow the banks, which have […]

By Bill Wilson — With Europe on the precipice, China visibly contracting, and things slowing here in the U.S. too, the headwinds in the current global economy are something fierce. It is likely Greece will soon exit the Euro, and take with it perhaps the entire 17-member […]

By Bill Wilson — The private sector is not doing just fine. It is growing, just barely, in spite of Obama and his policies. Obama lauds the 4 million private sector jobs created in the establishment survey, but that is just happy talk.  That is not recovering […]

By Bill Wilson — With Scott Walker’s crushing victory over Tom Barrett to retain his seat as Governor of Wisconsin, the nation may be reaching a critical turning point over the fundamental relationship between taxpayers and public employees. Between the government, and the governed. Predicated on the […]

By Bill Wilson — How’s that “stimulus” working out for you, America? After more than $3.4 trillion fiscal and monetary tsunami from the government and Federal Reserve to prop up the economy, things were supposed to get better. Unemployment was never supposed to rise above 8 percent. […]

By Bill Wilson — After the disappointing June 1 unemployment report, which measured the jobless rate ticking up to 8.2 percent, many are asking for how much longer this depression will linger on. The answer, sadly, is for a long, long time. If measured apples to apples […]

By Bill Wilson — Call it Keynes’ tragic comedy. If ever there was an example of how vapid and corrupt today’s financial system has become, and particularly the lengths governments will go to secure financing for their profligate spending habits, look no further than Greece’s recent recapitalization of four banks with €18 billion of financing provided by the European Financial Stability Facility (EFSF). This latest […]

By Bill Wilson — With the radical anti-bailout party Syriza leading polls in Greece and set to pull off a major upset in June 17 parliamentary elections, all speculation about the future of Europe is centered on whether or not Greece will leave the Eurozone as the […]

By Bill Wilson — As the global financial crisis has spread from defaulting mortgages, to crashing mortgage-backed securities, to interbank contagion, to then a full-blown sovereign debt crisis, the  apologists for the Keynesian order have pretty much had their way  in responding to the economic fallout. They […]

By Bill Wilson — Today at Camp David, the Obama Administration is expected to push France and Germany to engage in more “stimulus” policies (i.e. spend, borrow, and print more money) to lift Europe’s ailing economy. As reported by Time , “The U.S. has been pushing [newly elected French President Francois] […]