By Bill Wilson It looks like Greece may need another bailout of €10 billion ($13.4 billion) to refinance debt it owes to creditors, according to Greek Finance Minister Yannis Stournaras. “If there is need for further support to Greece, it will be in the order of about […]

By Bill Wilson As originally published at http://www.foxnews.com/opinion/2013/08/23/time-for-gop-to-deliver-crushing-blow-to-obamacare/ Three-and-a-half years ago, every single Republican member of the U.S. House of Representatives — and 34 Democrats — voted against Barack Obama’s socialized medicine bill. And since taking control of the House following the 2010 elections — thanks in large […]

By Bill Wilson As originally published at http://washingtonexaminer.com/dont-fall-for-house-leaderships-obamacare-salt-lick-for-suckers/article/2534589 Recent proposals coming from the House GOP leadership on how to address Obamacare reminded me of a sleazy — and illegal — trick that some unscrupulous hunters use. You see, deer love salt. They crave it so much that they […]

By Bill Wilson “If and when defunding has 60 votes in the Senate, we will absolutely deliver more than 218 votes in the House.” That was House Majority Leader Eric Cantor (R-Va.) in an Aug. 9 interview with the National Review , essentially telling the nation that there will never be the votes in the […]

By Bill Wilson You know things are bad when the government has to engage in blatant manipulation of economic data just to get to an overall assessment of “a weak economy.”  But that is exactly where we find ourselves. The economy is $551 billion larger than previously […]

By Bill Wilson A national carbon tax masked as an “emissions marketplace” is one of the few pieces of anti-free market legislation Barack Obama has failed to pass during his first four-and-a-half years in office. Clearly this defeat has irked Obama, who is now attempting to bypass […]

By Bill Wilson “[T]he only question now is just how bad the crash will be.” That was none other than New York Times pundit Paul Krugman commenting on recent financial developments , including a credit slowdown, in China, an economy he says “has reached its limits” after decades of record expansion. The Krugman warning comes at a time when Fitch is flashing the […]

By Bill Wilson The second quarter is looking particularly grim for the U.S. economy, with forecasts being downgraded across the board by Wall Street. JP Morgan has cut its estimate for the Gross Domestic Product (GDP) in half to just 1 percent annualized from its previous 2 percent expectation. Barclays has come down to 0.5 percent from its previous guess of 1 percent .  Other current estimates for a weak second quarter include Goldman Sachs at Macroeconomic Advisors at […]

By Bill Wilson $167 billion. That is how much extra the federal government will owe every year in gross interest payments for every point the interest rate on U.S. treasuries rises. That’s bad, because since Federal Reserve Chairman Ben Bernanke announced on June 18 a potential 2014 sunset to the central bank’s quantitative easing program , 10-year treasuries have jumped from 2.2 percent to 2.57 percent. If that […]

By Bill Wilson A recent piece by Bruce Bartlett brings together numerous useful academic studies that suggest “financialization” — the expansion of the credit sector as a percent of the economy — can be beneficial to economic growth to a certain point.  But beyond that level, it becomes corrosive. Towards the end of […]