By Bill Wilson — Here we go again. On Sept. 13, the Federal Reserve announced a program to purchase $40 billion of mortgage-backed securities a month — at a pace of $480 billion a year. Unlike previous incarnations of quantitative easing (QE), this one is open-ended with no sunset stated or envisioned. “If the outlook for the labor market does not improve […]

NRD Editor’s Note: This column originally appeared at Investor’s Business Daily . By Howard Rich — We are no longer looking at an exercise in unsustainability — what we are witnessing is pure insanity. “Future spending on these programs will skyrocket far beyond current revenues,” writes Daniel J. […]

By Robert Romano — A much-anticipated constitutional court decision in Germany has cleared the way for the €500 billion European Stability Mechanism (ESM) —  the bailout of bankrupt governments in Portugal, Greece, and Ireland that cannot or will not get their fiscal houses in order. While investors […]

By Robert Romano — So much for being the left’s new darling. In his continued gambit to make enemies with just about everyone in the Washington, D.C., former Reagan Office of Management and Budget Director (OMB) David Stockman is now taking aim at the Federal Reserve’s zero-interest rate policies that he says are incentivizing reckless spending and borrowing on Capitol Hill. “All the way out to five years, you […]

NRD Editor’s Note: This column originally appeared at TheHill.com . By Rick Manning — Fewer Americans are employed today than when Barack Obama became president in January 2009. That’s right, the actual number of people with jobs is down by 86,000 since Obama took over the economy. In […]

By Bill Wilson — 86,000 fewer Americans have a job today than when Obama took office in January 2009.  That is the indisputable fact that this Administration cannot deny in any media spin.  In August alone, another 580,000 people left the workforce entirely.  That’s more than half […]

By Robert Romano — Spain looks to be the next on the bailout block. It is seeking a €300 billion rescue package from the European Union on top of the €100 billion bank bailout it already got. Since Aug. 2010, the European Central Bank (ECB) has purchased about €140 billion of Spanish and Italian government bonds on the secondary market . But before a deal can be […]

MEMO FOR THE CONSERVATIVE MOVEMENT AMERICANS SAY “STOP SPENDING NOW!” THE FEDERAL DEBT = $16,000,000,000,000 and RISING! RE: Total U.S. debt subject to limit will reach $16 trillion probably within days. The Congressional Budget Office’s (CBO) long-term budget outlook states that debt held by the […]

By Bill Wilson — In his acceptance speech for the Republican nomination, Mitt Romney promised if elected the economy would create 12 million jobs in his first four years in office. Considering we are presently in the worst jobs market since the Great Depression, with the longest […]

By Rick Manning — The faces of Labor Day are different in 2012 than they have been in the past, all 23 million of them. The traditional end of summer is greeted with cookouts, last splashes in the swimming pool, and final trips to the beach, but […]