By Bill Wilson — The fallout continues to be felt by the Barclays scandal to fix its published Libor (London InterBank Offered Rate) in 2008, the rate at which banks would lend to one another. These are supposed to be based on the bank’s actual borrowing costs. […]

By Rick Manning — They say a picture is worth a thousand words, these are the easy to understand graphs that Team Obama doesn’t want people to see, because they speak volumes about his failed economic policies.  Unless otherwise indicated each of the graphs are from the […]

By Rick Manning — Years ago, my Norco High School geometry teacher used to exclaim, Aha!! Contradiction, when a solution did not meet the facts presented.  Those two words sent students scurrying to check our assumptions because one of them had to be false, because there could […]

The unemployment rate held steady at 8.2% with only 80,000 jobs added in the month of June–a number lower than the Obama administration had been peddling. ALG President Bill Wilson had this to say on the dismal report: “The only really good news out of the just […]

By Bill Wilson — Today in Brussels, European leaders are again convening for the umpteenth time to attempt to bring resolution to the sovereign debt crisis that is plaguing the continent — and the global economy at large. Call it the Politeuro. There, German Chancellor Angela Merkel […]

By Kevin Mooney — Contrary to some of the key findings included within a new U.S. Government Accountability Office (GAO) report, unemployment is actually much worse among younger workers than older workers, according to recent congressional testimony. The GAO report r ecommends that lawmakers intervene on behalf of […]

By Robert Romano — With Spain on the verge of bankruptcy, having just secured a €100 billion loan from the European Financial Stability Facility (EFSF) to recapitalize its banks just so it can refinance its €734.9 billion debt, the government there has been looking for things to […]

How fast does the government spend money? Faster and faster with each passing moment. In May, the federal government spent $125 billion deficit for the month–more than double the amount it spent in May 2011. As Fox Business reported : So far this fiscal year, the budget deficit […]

By Bill Wilson — All hopes that the European sovereign debt crisis might be contained to the periphery were dashed on June 10 as European leaders agreed to a €100 billion bailout loan to Spain to recapitalize its banks. The proposal would  allow the banks, which have […]

By Bill Wilson — With Europe on the precipice, China visibly contracting, and things slowing here in the U.S. too, the headwinds in the current global economy are something fierce. It is likely Greece will soon exit the Euro, and take with it perhaps the entire 17-member […]