By Bill Wilson In a recent eye-opening piece by Zerohedge.com, “Thanks to QE Bernanke has injected foreign banks with $1 trillion in cash for the first time ever,” the highly trafficked financial blog notes that as quantitative easing has increased, so have foreign bank cash assets. In fact, since 2009, as the Fed has loaded up on U.S. treasuries and mortgage-backed securities, foreign bank cash […]

By Robert Romano The Congressional Budget Office (CBO) reported some good news for a change — the federal budget deficit will fall to $642 billion in 2013 . The primary reasons for the drop are because of the expiration of the $120 billion a year payroll tax holiday and the $85 billion budget sequester going into effect. Plus, […]

By Robert Romano Absolutely no connection whatsoever. That is what one must conclude from a recent Americans for Limited Government (ALG) study asking the questions: Does increased government spending spur private sector growth, and do spending cuts cause private sector recessions? The study, based on data compiled by the Bureau of Economic Analysis from 1945 […]

By Willie Deutsch Forbes released its annual study of wealthiest counties in the nation .  A quick glance at the list makes one thing abundantly clear, at a time when taxes are going up, and regulations are driving businesses out of existence, more and more people are profiting off of government.  Six of […]

By Robert Romano Appearing recently on Fox News’ On the Record with Greta Van Susteren , House Budget Committee Ranking Member Chris Van Hollen wanted to know where the House Republicans were on budget negotiations. “The House has passed a budget, the Senate has a budget,” he said. “The next step as you know is to have a budget […]

By Robert Romano According to the World Federation of Exchanges , a trade association of 58 publicly regulated stock, futures and options exchanges, the value of equities all over the world in March was approximately $57.4 trillion. This is almost $30 trillion of stock market gains globally since the financial crisis, about 97 percent […]

By David Rothbard and Craig Rucker “We can’t have an energy strategy that traps us in the past,” President Obama proclaimed in March 2012. “We need an energy strategy for the future — an all-of-the-above strategy for the Twenty-First Century that develops every source of […]

By Robert Romano Since Dec. 1949 through 2012, the noninstitutional civilian population as measured by the Bureau of Labor Statistics has grown an average 1.35 percent every year, while the civilian labor force has grown even faster at 1.47 percent. This reflects rising labor participation — the […]

By Rick Manning The headlines read that the nation’s unemployment rate for April hit 7.5 percent.  But the real story behind the headline is that America is becoming a society of labor drop outs.  These charts using just released data from the Bureau of Labor Statistics have […]

By Robert Romano Rep. Mel Watt (D-NC), Barack Obama’s pick to head up the Federal Housing Finance Agency (FHFA) is a major supporter of mortgage principal reductions. In a Dec. 2012 letter he co-signed 18 other House Democrats , Watt urged congressional leaders and the White House to “provide assistance to homeowners who are currently underwater on their […]