First let’s understand that impeachment is not removal. It is not even a trial. Impeachment, under Article II of the United States Constitution (Section IV), is analogous to indictment in regular court proceedings.
Most recently we’ve learned that the Federal Reserve has discussed “Gating” bond funds. Apparently, in their quest to keep the persona of American wealth and recovery alive and well, they are suggesting that the stock market and not the bond market is the place to be for everyone.
James Madison, 4th President of the United States once said “A means of defense against foreign danger historically have become the instruments of tyranny at home”.
But it seems that the worse things get, the louder the pundits cheer and clap; and the higher the markets go with no correlation to reality. Believing apparently makes the light grow stronger.
Willie Sutton was once asked why he robs banks. His response was simple “Because that’s where the money is!” Given the infinite wisdom of Senator Max Baucus, Representative Charlie Rangel, and Senator Harry Reid we are about to embark on a world wide search for money.
In Vietnam we first sent in a few hundred military advisers. Then we followed with hundreds of thousands of troops. The outcome, of course, was Miss Saigon.
You would have thought that I had insulted Mother Teresa, apple pie and motherhood when I wrote about the Have and Have-nots.
No matter which historians, economists or government officials you query, there is always one common denominator when discussing the reasons for the great depression of the ‘30s.
After 2008 everyone was sure that the powers to be had learned their lesson. There would be tighter underwriting standards. The crazy leverage of the past would be just that, a thing of the past. The one aspect, however, that was not addressed was interest rates.
Of course he lost! They should all lose! It was never intended to be a lifetime job!
Does anyone really believe that success doesn’t come with a price, whether it is in sports, entertainment, construction, finance or even medicine?
You pick which I believe is the most significant event!?
It occurred to me that we have the election process totally wrong. It is we the voters not the politicians who should dictate the terms of an election.
Joseph Goebbels was one of Hitler’s top aides and confidants. His role in the Third Reich was to administer propaganda to the unsuspecting mass. His credo was that a lie told long enough ultimately becomes truth in the minds of the public.
According to most liberals, mainstream media (perhaps one and the same) and Wall Street pundits “No one credible thinks this is the beginning of a new recession.”
When I watch and listen to Mario Draghi talk about the various strategies to revitalize Europe I am constantly reminded of his greatest fear-DEFLATION.
It was 1907, the stock market was down 50% from the year before, bankruptcies were prevalent, there was no such thing as the Federal Reserve Board and panic was in the air.
Why is it so difficult for all the various columnists of both the left and the right to come to grips with the simple fact that the stock market has nothing to do with fundamentals as it once did?
When Barack Obama was first elected President he took to the podium along with his smiling V.P. and announced that America would be brought back with “shovel ready” jobs.
Periodically the Chief Market Strategist (CMS) at LPL Financial grabs the money headlines with dramatic pronouncements. I follow his Yoda-like pontifications for very personal reasons.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 11th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 9th, 2014 | John Ransom