By Bill Wilson — The ultimate leverage in the game of chicken now being played in the upcoming fiscal cliff is who will get blamed politically if everyone’s taxes go up at year’s end. Because, unless House Republicans can come to some sort of an arrangement with […]
By Bill Wilson — Let the happy talk begin. It did not take long after Barack Obama’s reelection for financial pundits to begin forecasting a miraculous economic recovery in his second term. Take Financial Times U.S. economics editor Robin Harding, who proclaims that “The headwinds that buffeted Mr. Obama’s first term — financial crisis, falling house prices, and […]
By Bill Wilson — So, what have we learned from the most fractious Presidential election of my lifetime? We have learned that if you put $1 billion behind a campaign of cynicism, racial division, class warfare, and extreme pettiness an incumbent with one of the worst records […]
By Bill Wilson — In spite of Barack Obama’s victory at the polls on Nov. 6, his incoming administration will still face a daunting challenge as the U.S. economy appears likely to remain in a catatonic state for the foreseeable future. Why? In decades past, the health […]
By Bill Wilson — Everyone headed to the polls on Nov. 6 is free to pick their reasons for what makes them cast a ballot one way or another. But there is one overriding factor that may ultimately give the Obama Administration a lot of heartache when […]
By Bill Wilson — There can be little wonder as to why bankrupt states like Illinois would love to see the Federal Reserve fire up its printing presses and start buying state and municipal bond debt. At $85 billion — and counting — Illinois has one of […]
By Bill Wilson — 10 billion. That will be the world’s population in 2050 by United Nations’ projections. Can the global economy sustain that many people? Will there be rationing of vital resources? Can free markets survive with less to go around? What of liberty? These questions […]
By Bill Wilson — On Oct. 26, the Bureau of Economic Analysis’ advance estimate of the Gross Domestic Product (GDP) in the 3rd quarter (Q3) of 2012 showed 2 percent growth — not really a good number. Just to get to the 3 percent annual growth rate […]
By Bill Wilson — Writing for the New York Times on Oct. 23 , Stanford law professors Joseph Grundfest, Mark Lemley and George Triantis call for another round of quantitative easing (QE) — i.e. money-printing — by the Federal Reserve. This time however, instead of buying mortgage-backed securities or U.S. treasuries, the Stanford trio wants Fed […]
By Bill Wilson — Respected military magazine Small Wars Journal recently published an article co-written by a retired Army Colonel named Kevin Benson. The article, entitled “ Full Spectrum Operations in the Homeland: A ‘Vision’ of the Future ,” was ostensibly written as a training manual for military commanders and general staff. Benson is a seminar leader at the University […]
