By Bill Wilson — This significant, .4 percent final revision of the 2ndquarter Gross Domestic Product measurement calls into question whether we are seeing more data manipulation by this Administration.  Going into the political conventions in August, this same Commerce Department produced a picture of a slightly […]

By Bill Wilson — Is competitive currency debasement by central banks causing a global economic contraction? According to data published by the International Monetary Fund , exports worldwide are down in 2012 by an annualized rate of 1.8 percent, led by a 2.6 decrease in emerging and developing economies. Put another way, worldwide exports in 2011 […]

NRD Editor’s Note: This column originally appeared at Forbes.com . By Howard Rich — “I believe we are on an irreversible trend toward more freedom and democracy, but that could change.” This quotation – routinely misattributed to “internet inventor” Al Gore – was actually provided to The […]

By Bill Wilson — As CNBC host Larry Kudlow is fond of pointing out, the Federal Reserve cannot print jobs. And based on the past performance of its prior $2 trillion of quantitative easing (QE), it is hard to imagine just how another $480 billion a year […]

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 […]