By Bill Wilson – It’s the second time within a month, but I agree with the New York Times’ Paul Krugman.  This time, he writes that “bankers and wealthy individuals with lots of bonds in their portfolios” can count on the government to “protect the interests of creditors, no matter the cost”. […]

By Kevin Mooney — Thanks to Gov. Chris Christie of New Jersey, the Regional Green House Gas Initiative (RGGI) that imposes Kyoto-Treaty type restrictions on energy use  in the Northeast may now be in the early stages of unraveling. This is a huge victory for […]

By Bill Wilson – As the Obama Administration continues to be weighed down by bad economic news, including a double dip recession in housing and rising foreclosures, it is flailing about to improve the housing market it promised to turn around. This is not all that surprising […]

By Adam Bitely – Since the economy began to tumble in 2008, panic has been the number one driver of quick, knee-jerk legislative “fixes” in Washington, D.C.  From multiple iterations of “stimulus”, TARP, auto-bailouts, and a myriad of new regulations that will supposedly prevent future […]

By Bill Wilson – Eyebrows were raised on June 3 when it was reported that China is divesting itself of shorter-term U.S. treasuries . According to U.S. Treasury data, China’s holdings of short-term bills have dropped from $210 billion in May 2009 to $5.6 billion in March 2011 , a 97 percent decrease. Pundits have assured us the Chinese wouldn’t do this. Don’t worry about a run on the dollar, the conventional wisdom advised, it’s not in China’s interests […]

By Kevin Mooney — Although trial lawyers frequently have the upper hand in litigation built around environmental charges, they are taking a beating at the hands of Chevron Corp., which has been on a roll in U.S. federal courts. Through its U.S. discovery efforts, the […]

By Robert Romano – Since Sep. 2007, when the recession began, to Sep. 2011, we will have borrowed and spent an additional $6.469 trillion . In addition, since then the Federal Reserve has expanded its balance sheet (minus treasuries purchases) by an additional $1.117 trillion . In fact, the central bank has expanded its balance sheet in total by $1.930 trillion since then, but we’re not going to double-count its […]

By Bill Wilson – The U.S. has already defaulted on its debts. We’re just all politely pretending that we haven’t. But we have. According to Pimco, last year, the Federal Reserve — a central bank printing press — bought 70 percent of Treasury debt. The year before, […]

The unemployment rate increased to 9.1% in the month of May. Here is reaction from Americans for Limited Government President Bill Wilson : “There should not be any remaining doubters that Obama’s big government spending and the Federal Reserve’s quantitative easing policies are two of the most […]

By Robert Romano – Don’t play politics with the debt ceiling. That’s what the so-called experts have said. Just give the Obama Administration a clean vote increasing the $14.294 trillion borrowing limit. “I don’t see why anybody’s playing chicken with the debt ceiling,” chairman of the U.S. Council of Economic Advisers Austan Goolsbee commented on ABC’s “This Week” program in January . He warned that […]