By Bill Wilson — If China is going to bail out Europe from its own self-inflicted debt crisis, its premier, Wen Jiabao, wants a few things in return. Namely, it wants World Trade Organization (WTO) “market economy” status conferred on it, which would help its companies in […]
By Bill Wilson — As Congress responds to the President’s jobs speech, the employment news continues to be grim with zero new jobs created in August. This Labor Department announcement combined with the White House’s officially having raised their projections for joblessness nationwide to more than 9 […]
By Bill Wilson — For Barack Obama, economic prosperity for 14 million Americans seeking a job is just a matter of borrowing a few more dollars, and printing yet more money. And of course, paying your fair share — by Obama’s rules. It is Obama’s “story of […]
By Bill Wilson — Markets have begun pricing in the likelihood of a European collapse, where key members of the eurozone withdraw from the monetary union, banking institutions collapse, and widespread defaults reshape the landscape across the pond. This possibility, considered remote at best in recent months, […]
Obama’s economy continues to fail to produce the private sector jobs to even meet the needs of new entrants in the economy, let alone those who are currently unemployed. What is stunning is that the economy created zero jobs in August. It is almost criminal […]
By Bill Wilson — Writing for the New York Times recently , Berkshire Hathaway chairman and chief executive Warren Buffett called for taxes to be increased on the so-called “super-rich,” suggesting that he and his elite billionaire and millionaire friends are itching to pay more. Buffett wrote, “Most wouldn’t mind being told to pay […]
By Bill Wilson — A bilateral agreement between Finland and Greece has promised to give the Nordic nation €500 million collateral for its portion of the bailout of Greece’s creditors. Considering the risks, the call for collateral is hardly surprising — Athens’ credit rating is a mere […]
By Bill Wilson — The Obama Administration has turned to billionaire Warren Buffett, chairman and chief executive of financial giant Berkshire Hathaway, to make the case for raising taxes on the rich because, says Buffett, he can afford it. On Aug. 22, the White House reportedly chatted […]
By Bill Wilson – Texas Governor Rick Perry shook the political and financial establishment to the core on Aug. 16 with his comments criticizing the potential politicization of the Federal Reserve and the nation’s monetary policy. He said, “Printing more money to play politics at this particular […]
