By Robert Romano — Federal Reserve Chairman Ben Bernanke has in the past said he opposes a return to the gold standard because it would reduce the central bank’s ability to intervene in the economy, effectively reducing his role to little more than a clerk. Apparently, he […]

By Bill Wilson — In the past month, the European sovereign debt crisis has reared its ugly head again. No, not in Greece, but this time in Italy and Spain. There interest rates on 10-year bonds have jumped from lows of 4.81 percent and 4.87 percent, respectively, […]

NRD Editor’s Note: This post was originally published at TheHill.com . By Rick Manning — Mark Twain famously misquoted British Prime Minister Benjamin Disraeli as saying, “There are three kinds of lies: lies, damned lies and statistics.” The reported unemployment numbers prove the validity of the quote, even […]

By Bill Wilson — The budget cannot be balanced by raising taxes on the so-called wealthy, who happen to be the nation’s job creators. It won’t even come close. A recent Joint Committee on Taxation estimate found that raising the capital gains and income taxes to 30 percent for those who make over $1 […]

By Robert Romano — It would not be an election year without the White House offering yet another bailout for distressed borrowers who owe more money on their homes than they are worth. Of course, it’s all political. Don’t let anyone tell you different. “The goal is […]

By Bill Wilson — This latest White House scheme to bail out borrowers with mortgage principal reductions using taxpayer funds is nothing more than a cynical election year ploy. This time, the goal is to build a constituency of borrowers underwater on their mortgages with the hope that they might — emphasis on might — be able to […]

By Bill Wilson — The week of April 6, the national average of gasoline prices hit $3.94, according to the Energy Information Agency, with prices continuing to rise nationwide. But economist and New York Times columnist Paul Krugman apparently thinks you’re not paying enough at the pump […]

By Rick Manning — Once again, the unemployment rate dropped in March even though there are 31,000 fewer Americans employed than in the month of February. This strange phenomenon where the government claims that 120,000 new jobs were created, yet fewer Americans are actually employed in those […]

By Bill Wilson — Obama’s U.S. Department of Labor loses more credibility every month as they announced a lower unemployment rate in March, while at the same time 31,000 fewer Americans actually had jobs than the previous month .  In spite of all the happy talk out of Obama’s official Washington, D.C., the fact is that fewer […]

By Robert Romano — Despite recent deals totaling tens of billions of euros from the International Monetary Fund (IMF), European Central Bank (ECB), and the European Financial Stability Facility (EFSF) to prop up the banks that bet poorly on Greek debt, IMF director Christine Lagarde is coming […]