The New CFPB (Consumer Financial Protection Bureau), created by the Dodd-Frank Act of 2010 at work
CNBC reports that by the year 2020, consumers in China and India combined will be contributing purchasing power to the amount of $10 trillion dollars to international trade.
CNBC.com is running an article which creates the impression that the Fed is footing the bill for the Entire US deficit. Not likely,
Christine LaGarde delivered a speech at the Peterson Institute in Washington Monday in which she attempted to deliver a "few words on the status of the global economy". Those few words amounted to a loosely presented impression that we are on the right path to recovery.
This man is a candidate for the US Presidency?
Shades of Worgl, Austria, 1932-3. A school teacher in Bavaria has installed a local currency supplementing the euro.Submitted by Old and Gray on Mon, 09/24/2012 - 15:01
QE Goes Local: Towns Coin Their Own Currencies
Early this AM, Bloomburg Futures had the DJIA at -15; at 7 AM, DJIA was at -56 carrying a sensation of distrust with it.
Sometime very soon, we'll see Germany react to George Soros's suggestion to "lead or leave" the Eurozone.
Eric Rosengren, president of the Boston Federal Reserve Bank notices signs of recovery in mortgage rates.Submitted by Old and Gray on Fri, 09/21/2012 - 10:31
In the distant past, two twists on truisms became apparent to my often undependable sense of humor.
Second, Attach responsibility to an economist's theory and he forgets everything he ever learned.
Germany's Jens Weidman, President of the Deutsche Bundesbank, likens Central Banks' QEs to the Devil's WorkSubmitted by Old and Gray on Wed, 09/19/2012 - 06:09
There is a scene in Faust where Goethe disguises the devil as a court fool who persuades the ruler to issue currency to excess and the result is inflation that ruins the nation. To prove this is not a new sequence, Goethe died 180 years ago. The French post-Revolution debacle described by A.D. White occurred 220-230 years ago. Goethe had to be aware of that. If not, there were other similarities which could have modeled the Faustian situation.
For me, this is nothing new. He is speaking the Tea Party party line in this speech. Its just that he is demonizing all the voters who actually believe that food, health care, housing and education are part of what a government should help people with. Sure to make some medicare and social security recipients question his likely direction as a leader.
Here is an article on CNN dealing with the subject http://www.cnn.com/2012/09/18/politics/campaign-wrap/
A website where downloading a GOOD Book! is possible: V_L's Andrew Dickson White's Fiat Money Inflation in FranceSubmitted by Old and Gray on Sun, 09/16/2012 - 14:44
With the QE's and stimuli at levels promising unavoidable inflation, I'd recommend the book without restriction. There's much to gain
My timing seems to have been off as to when we would get the announcement of QE to Infinity and Beyond. I thought this would happen before June. Well, its taken until now but the underlying facts pertaining to the nature of architecture of the problem pointed to this outcome. John Williams argues my associated belief that ultimately, between the ECB and Fed operations, that hyperinflation is the ultimate outcome. Neither political party has put forward any substantial or likely effective long range strategic plan to alter this condition.
One could chalk this up to trying to drum up business for the stock markets.
Opinions do not rest because of weekends. Read this Reuters article.
True to Texan tradition, the Dallas Federal Reserve Bank has hired a Distinguished gun to deal with an economic wrong.
With out further interruption.
The interaction between the FOMC, the Fed and the markets is a tantalizing puzzle.
Pew Research Report on Social and Demographic trends and the Plight of the Middle Class - Updated and expanded 8/30/12Submitted by Old and Gray on Thu, 08/23/2012 - 15:59
The Pew Research Center released a report on the middle class, August 22nd, Wednesday.
The group of agencies charged with overseeing the residential housing market are now seeking input on supervising the residential housing market and who should be supervised.
They did so on the basis of these headlines - gleaned from the resources of CNBC.com.
In 2009 you heard the call that the economy wasn't coming back until housing bounces back. That has kinda dropped off the radar while focus has shifted to things like Wall St; Equities and the Russell 2000; the FED; Europe; the elections; the next QE; and the growing realization to the fraud permeating our society - especially at the very top.
William Black Talks about the Legalized Fraud that now defines a nearly totally corrupt Global Financial SystemSubmitted by Eisenhower on Tue, 08/14/2012 - 22:37
While most of us are fully cognizant of the degree of out and out corruption in government via defacto decriminalization by a largely corrupted legislative and judicial system, listening to Black discuss this information simply confirms this with accompanying facts. He brings out some good examples of how many regulators have had the blinders on including Greenspan:
The title of today's NYTimes editorial is simple enough
The Romney-Ryan Plan for America
And, then. . . BANG! they hit you right between the eyes!!
- Less than 24 hours after Mitt Romney chose Paul Ryan as his running mate on Saturday, his campaign was already trying to distance itself from Mr. Ryan’s politically toxic budget plan. His budget is not ours, the campaign said; Mr. Romney “will be putting together his own plan for cutting the deficit and putting the budget on a path to balance.”
Paul Ryan's faith in Ayn Rand is a political problem for Romney
The NY Times columnist filling Paul Krugman's space today, Bill Keller, provides an assessment of the Romney campaign team.
Will be doing maintenance on the site on and off the next couple of days - Site may be down at times for up to 1 hourSubmitted by Eisenhower on Sat, 08/11/2012 - 19:15
I will be doing updates and adding SEO features to the site over the next few days. Don't be alarmed if the site is off for short periods. The site is routinely backed up. I will also be starting to work on the look and feel of the site as well, eliminating some out of date menu items and so forth and stream lining.
The Euro Debt Crisis has transformed into a Eurozone survival issue.
Senator Levin puts the objection lightly.
I have added an important feature for the contributors to this site. It is called URL Path Settings. You will notice at the bottom of each post that you make under the publishing options a new option called "URL Path Settings." These are very important to search engines.