By Robert Romano “[W]e estimate that the second LSAP program, known as QE2, added about 0.13 percentage point to real GDP growth in late 2010 and 0.03 percentage point to inflation.” That was the San Francisco Federal Reserve’s take on the impact the central bank’s second round of quantitative easing , totaling $600 billion of U.S. treasuries purchases. At the time $600 billion comprised […]

By Robert Romano Since August 2007 when the financial crisis began, the U.S. Federal Reserve has increased its balance sheet more than 304 percent to $2.7 trillion, an unprecedented monetary expansion dubbed “quantitative easing.” In addition, it has lowered the Federal Funds Rate to near-zero levels to […]

By Robert Romano New legislation proposed by a bipartisan consortium in the U.S. Senate purports to bring an end to Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac, the two mortgage giants at the center of the financial meltdown that brought the global economy to its knees in 2008. The bill will wind down $5 trillion of […]

By ALG Staff Meet a 29 year old, unemployed LaJolla, California surfer dude who is one of 47 million Americans who are using the food stamp system.  His story and attitude as captured by Fox News cannot be adequately described, it has to be seen […]

By Rick Manning Senator Marco Rubio spoke and voted against it, warning , “Members, you are about to vote to give 60 votes and cut off debate on a nominee that has ignored a congressional subpoena from the House on information relevant to his background and to his […]

By Rick Manning The debt ceiling debate is re-emerging in Washington, D.C. as the nation heads toward another showdown over deficit spending.  So just what is the debate all about, and what are some of the common misconceptions about what happens if the nation hits the debt […]

By Robert Romano “[Y]ou can’t cut overall spending without cutting spending on particular programs.” Actually, yes, you can, but more on that in a moment. That was the New York Times’ Paul Krugman in his Aug. 4 column, “Republicans against reality,” mocking proposed cuts around the edges in the 2014 […]

By Rick Manning A version of this article appeared at TheHill.com.   The headline writers and political spinners will celebrate an unemployment rate of 7.4 percent, even though they know this does not reflect the millions of people who have simply dropped out of the economy since President Obama took office. What they aren’t likely […]

By Rick Manning The Washington Post blogger Ezra Klein has made a startling discovery courtesy of the far left Center on Budget and Policy Priorities, the actual employment rate, has stunk since Obama took office. Klein even published two charts that he was provided which originated from […]

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 […]