By Robert Romano — Since the financial crisis began in Aug. 2007, one of the puzzles surrounding the Federal Reserve’s quantitative easing program — i.e. money-printing — has been why it has not led to high levels of consumer price inflation minus food and energy. In the […]

By Bill Wilson — An excellent piece by syndicated columnist George Will on Oct. 12 urges Mitt Romney, should he defeat Barack Obama at the ballot on Nov. 6, to tap Dallas Federal Reserve Chairman Richard Fisher for Treasury Secretary. Why? Fisher is calling for an end to “too big to fail” financial institutions. Particularly, Fisher thinks it’s […]

By Bill Wilson — Speaking in Tokyo where the International Monetary Fund (IMF) and the World Bank held annual meetings on Oct. 14, 2012, Federal Reserve Chairman Ben Bernanke pleaded with emerging economy central banks to let their currencies appreciate. He even did it with a straight […]

By Rick Manning — The financial news has been dominated over the past couple of years about problems that various European countries have had paying the interest on the loans they have taken out to finance their government’s deficit. From Greece and Ireland to Spain and Italy, […]

By Robert Romano — At $16.1 trillion , the U.S. debt-to-Gross Domestic Product (GDP) ratio now stands at about 103 percent, an alarming figure reflecting that the national debt is now larger than the entire economy. Yet the interest rate on ten-year treasuries is just 1.7 percent as of this writing . Across the Pacific, Japan has an even higher debt-to-GDP ratio of 208 […]

Today’s unemployment report met the political threshold set by Obama of being below 8 percent. To reach this threshold, the Labor Department’s Bureau of Labor Statistics found that an astounding 873,000 people found full-time jobs last month.  This finding contradicts virtually every other economic indicator […]

By Bill Wilson — In this recession, the economy has lost a net 3.4 million jobs from its 2008 peak that have not yet been recovered. Meanwhile the working age population has grown by more than 11.1 million since then — creating a 13.5 million and widening […]

By Bill Wilson — Woe unto the next president, whoever he may be. Managing director and co-founder of the world’s largest bond trader Pimco, Bill Gross, has released a shocking warning to the U.S. that promised entitlements to citizens may not be worth the paper they’re printed on. He called the U.S. “an addict whose habit extends beyond weed or cocaine and who frequently pleasures […]

By Robert Romano –Here’s a new one. Speaking at the Economic Club of Indiana in Indianapolis on Oct. 1 , Federal Reserve Chairman Ben Bernanke claimed that quantitative easing and lower interest rates actually help savers. How? Well, certainly not by offering any tangible return on actual savings. Said Bernanke, “My colleagues and I know that people who rely […]

By Bill Wilson — One almost feels bad for Paul Krugman, who in recent days appears like the brilliant student in class who spots meaningful relationships between different sets of data, but then fails to fully apply the concepts. Of late, the New York Times columnist and […]