By Robert Romano — Barack Obama has his work cut out for himself getting reelected in 2012. The most recent bad news for the President comes on the longer-term jobs projections from the nation’s central bank. The Federal Reserve has once again downgraded its economic outlook on the U.S. economy , forecasting unemployment to remain high for the foreseeable future, staying […]

By Bill Wilson — Speaking in Denmark on April 16 with that country’s economics minister at an event hosted by the Politiken newspaper , billionaire investor George Soros took aim at austerity measures in Europe, saying they were only making things worse as countries there attempt to control the sovereign debt crisis. “You can grow out of excessive debt, you cannot shrink out of excessive debts,” […]

By Bill Wilson — The only thing standing in between the White House and a bailout of 11 million borrowers underwater on their mortgages to the tune of $717 billion is the FHFA’s Edward DeMarco, who has had the temerity of suggesting that the agency merely follow the law and protect taxpayers from unnecessary losses. DeMarco has steadfastly rejected a […]

By Bill Wilson — Is the International Monetary Fund (IMF) inserting itself into U.S. political affairs and potentially setting up a conflict over U.S. sovereignty? After a speech last week at the Brookings Institution on the financial crisis , IMF Managing Director Christine Lagarde took questions from the audience, including one from U.S. Bureau of Economic Analysis economist Garth Trinkl.  […]

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 […]