By Robert Romano — Are excessive student loans preventing young Americans from borrowing money to buy a home or new car? That is certainly one of the conclusions of a recent New York Federal Reserve study, “Young Student Loan Borrowers Retreat from Housing and Auto Markets.” The findings “may have broad implications for the ongoing recovery of […]

By Bill Wilson — It has been four years and two months since the “American Recovery and Reinvestment Act,” the so-called “stimulus,” was signed into law on Feb. 17, 2009. That day, Barack Obama told the American people he was keeping his campaign promise that he would “do all that I could to give every American the chance to make of their […]

By Robert Romano The Obama Administration would like to cap the amount of savings that can go into an individual retirement account (IRA) and other tax-preferred investments like municipal bonds to a total of $3 million. That amount yields $205,000 a year in retirement income at today’s […]

By Robert Romano It took four years, but Team Obama has finally figured out that the economy is not growing at the rate it needs to. When Barack Obama entered office in 2009, the White House Office of Management and Budget (OMB) projected in his first budget there would be a V-shaped economic recovery. And even better, it would happen because […]

By Robert Romano “It’s just debt for debt’s sake, not to help build future production or earnings, but to simply fuel consumption.” That’s how Americans for Limited Government (ALG) President Bill Wilson described the latest scam by government and financial institutions to boost “growth.” Having exhausted the market for […]

By Bill Wilson The U.S. unemployment rate dropped from 7.7 percent in February to 7.6 percent in March, according to statistics released last week by the U.S. Department of Labor (USDOL). That’s the lowest figure in more than four years — since December 2008. It’s also the […]

By Robert Romano On April 2, the Washington Post published an article entitled, “Obama administration pushes banks to make home loans to people with weaker credit.” The report cites a recent speech made by Federal Reserve Board Governor Elizabeth Duke advocating that more home loans be made to people with fragile credit scores. “The drop in purchase mortgage originations, although widespread, has been most pronounced among borrowers with low credit scores,” […]

By Bill Wilson — 663,000 Americans dropped out of the workforce last month. 206,000 fewer Americans were employed. 290,000 more Americans were unemployed. Yet, the headline will be that the unemployment rate dropped in March to 7.6 percent. Never has the lie of the improving Obama economy […]

NRD Editor’s Note: The following column originally appeared at TheHill.com . By Rick Manning — The Washington Post reports that President Obama is pushing banks to make home loans for people who currently don’t qualify. Haven’t we been living in this bad movie for the past six years? […]

By Robert Romano — Does insurance giant AIG have the standing to sue Bank of America for fraud over some $7 billion of losses on mortgage-backed securities stemming from its acquisition of Countrywide in 2008? Bank of America is saying no, that AIG, when it accepted a […]