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 […]

By Bill Wilson — On September 12, the German constitutional court will be ruling on whether the €700 billion European Stability Mechanism (ESM) violates German sovereignty. The decision could well prove fateful for the future of the entire eurozone — and will likely have ripple effects throughout […]

By Bill Wilson — The left has been in a huff over the Republican National Convention Platform Committee’s decision to include a proposal calling for a gold commission to examine whether the value of the U.S. dollar should be fixed as a weight of gold. New York Times columnist and economist Paul Krugman called it a “very bad, […]

By Robert Romano — In 1991, before ascending to the Federal Reserve, then-Princeton University professor Ben Bernanke and Princeton colleague Harold James made the case that “nations’ adherence to the gold standard” caused the Great Depression , and those which quickly dropped the standard and engaged in monetary easing recovered quicker than those that waited. Contrary to this conventional wisdom, in a recent piece, “Anstalt’s Shadow Looms Over Excessive Credit Today,” I took the view that, during the […]

By Rick Manning — $2.6 trillion dollars! In the entire history of our nation, the federal government has never taken in more money than that in revenues in a single year.  2008 was the last year, this revenue amount was achieved. $3.6 trillion dollars! That’s how much […]

By Kevin Mooney — Suddenly, Great Britain’s House of Lords is back in style and that’s good news for the free market. Some of the more forceful critics of anti-energy, global warming policy proposals are finding expression in the elite unelected chamber. There is Lord […]

By Bill Wilson — Today’s Congressional Budget Office report warning of a deep recession should Congress and the president not agree on a solution to the massive tax increases that will go into effect on Jan. 1, 2013, is true to the extent that the tax increases will kill private sector growth and exacerbate the recession […]