Sat, Jun 29, 2013

Larry Kudlow | June 29, 2013

I'm not trying to paint a catastrophic picture. But I am suggesting that as the Fed tries to extricate itself from a balance-sheet-ballooning QE approach that I never favored, it won't find the process to be all that easy.

Mike Shedlock | June 29, 2013

For starters there is scant evidence the treasury market is settling. Yield on the 10-year note is up to 2.517% today from 2.475% yesterday. The weekly action looks no different that similar consolidation action in the middle of May and the middle of June. After similar-looking consolidation periods, yields blasted higher each time.

Charles Payne | June 29, 2013

This has been a great week for the merchants of hate that peddle politics of envy. Just look at the headlines:

John Ransom | June 29, 2013

Instead Mr. Obama and his G8 posse of poseurs addressed the collapse of their carefully crafted, worldwide economy by saying: “Hey. Let’s tax the economy some more.”

Night Watch | June 29, 2013

Federal Interior Minister Chaudhry Nisar Ali Khan informed the National Assembly on Thursday that a four-member committee of the Federal Investigation Agency (FIA) had been constituted to probe treason charges against former President Musharraf.

Daniel J. Mitchell | June 29, 2013

The late, great Margaret Thatcher famously said that “Socialist governments…always run out of other people’s money”. And “I love the smell of napalm in the morning” is an iconic line from Apocalypse Now. Thinking about the fiscal mess in Europe, I’m going to combine these two sentiments and state that, “I love it when statists run out of victims and start cannibalizing each other.”

Crista Huff | June 29, 2013

Nike Inc. reported fourth quarter sales, earnings, and global futures which beat Wall Street estimates. Product innovation and sports events are driving top-line growth in most geographic regions.

Ransom Notes Radio | June 29, 2013

Ezra Klein might be an idiot. . . But at least he never made a fortune by selling politics disguised as science. Al Gore is at it again with outrageous claims based on . . . . err. . . “science.”

David Sterman | June 29, 2013

The question is whether the ongoing challenges in Europe, the incipient slump in China, Brazil and elsewhere, and the impact of our own weakness will lead to further weakness in the business sector.

Bill Tatro | June 29, 2013

When asked why interest rates were rising so dramatically in the past few weeks, Bernanke inquisitively scratched his cheek, anxiously tightened his lips, surprisingly bowed his head, and responded, “Beats me, we’re all surprised.”

Fri, Jun 28, 2013

Bruce Wiliams | June 28, 2013

Mike Shedlock | June 28, 2013

To be completely fair, problems in France (Spain, Greece, Italy, etc) cannot be pinned entirely on the euro. However, it is 100% certain the euro exacerbated existing problems, and in a major way. Instead of being a savior, the Euro has been more like an anchor to most of the economies in the eurozone.

Charles Payne | June 28, 2013

The first leg of President Obama's trip to Africa begins in the nation of Senegal. The nation is 94% Muslim, its official language is French, and it is home to a statue larger than the Statue of Liberty. African Renaissance is a colossal copper statue that cost the nation more than $20.0 million plus a large swath of land paid to its North Korean builders.

John Ransom | June 28, 2013

In the wake of hacking attacks on financial, intelligence and defense assets here in the U.S. that have been consistently reported for over 15 years in the United States, it’s time to label China what it really is: a terrorist nation.

Night Watch | June 28, 2013

The Syrian losses are tragic, but these numbers appear to be part of the propaganda campaign aimed at increasing western support for the opposition.

Daniel J. Mitchell | June 28, 2013

If young people in Europe were a company, I would be telling you to sell the stock. Why? Well, because politicians want to help them.

Bob Beauprez | June 28, 2013

While the "hope" portion of the original campaign theme continues to be elusive, the evidence of what kind of "change" Barack Obama envisioned continues to mount.

Ransom Notes Radio | June 28, 2013

You didn’t think the Fed was serious when they said they might consider (at some undetermined time in the near – or distant – future) possibly tapering QE? Because. . . They weren’t. Also: Dan Epstein, with Cause of Action, joined the program to discuss the broken promise of government transparency.

Lincoln Brown | June 28, 2013

In order to divert attention from the NSA, IRS, a foreign policy that is DOA, dying union support, a health care policy that resembles a plate of dried spaghetti and a non-existent immigration policy, the old cowhand from Chicago reverted to an oldie but goodie on Tuesday: Saving the environment.

Thu, Jun 27, 2013

Michael Schaus | June 27, 2013

Despite the fact that I consider the prevailing majority of Facebook posts to be among the largest culprits of wasted broadband, I do hold a certain amount of awe for the internet. Ideas can be spread, information disseminated, and cute kitten pictures shared. While there is an amazing amount of debauchery and misinformation on the world-wide-interwebs, it still stands as a relatively unrestricted, lightly regulated and highly accessible wealth of opportunity.

Mike Shedlock | June 27, 2013

Most analysts are totally clueless about gold and gold markets. They cite jewelry, mining production, central bank sales, and all sorts of other irrelevant factors in their analysis.

Charles Payne | June 27, 2013

In addition to taking shots at those of us in the Flat Earth Society, President Obama pointed out his intent to kill coal and to pay the expenses of poor nations around the world to keep up with his vision.

John Ransom | June 27, 2013

Barack Obama had one of his most awesome reality TV events of the year last week when he fired central bank chairman Ben Bernanke on PBS with liberal mope and host Charlie Rose moderating.

Night Watch | June 27, 2013

Talks between the United States and Russia to set up a Syrian peace conference next month in Geneva produced no deal on Tuesday. Negotiators failed to agree on the timing and the participants.

Daniel J. Mitchell | June 27, 2013

I have one warning to my gay friends: you better look before you leap. The internal revenue code punishes two-earner couples who are married.

Crista Huff | June 27, 2013

The American Medical Association is recommending banning the sale of energy drinks to people under age 18.

Ransom Notes Radio | June 27, 2013

Nick Loris with the Flat Earth Society (also known as the Heritage Foundation) came on the program to discuss President Obama’s most recent climate initiatives. Obviously a war on coal is exactly what this country needs. . . Nothing like some more job killing, expensive regulations (aimed at driving up the price of energy) to bring this anemic recovery to a screeching halt.

Bob Goldman | June 27, 2013

Management doesn't justify this corporate snoopathon by admitting it wants this information on their employees' lives, just to make sure the company is doing all it can to make those lives miserable.

Wed, Jun 26, 2013

Mike Shedlock | June 26, 2013

In theory the central bank could paper over this mess with massive amounts of liquidity, but in practice, such action will either further fuel China's immense structural problems, or more likely, the credit bubble in China has gotten as big as it is going to get, no matter what the Central bank does.

Charles Payne | June 26, 2013

Monday, in a strange outburst Dallas Federal Reserve chief Richard Fisher calmed the market by calling on investors to stop acting like feral hogs.

Daniel J. Mitchell | June 26, 2013

I’ve never figured out why soccer is so popular in some parts of the world. What’s the point of watching people run up and down a field for 90 minutes when the result is usually a 0-0 tie?

Ralph Benko | June 26, 2013

NYU’s Nouriel Roubini is a very elite public intellectual. Together with Princeton’s Prof. Paul Krugman Prof. Roubini is one of the most acidly eloquent critics of gold.

Ransom Notes Radio | June 26, 2013

China is having credit problems, Europe is struggling with unemployment, and Central Bankers are just now starting to figure this out. . . Too bad they didn’t listen to Ransom Notes Radio. Mike Shedlock joins the program to discuss the impact of China’s trouble with credit.

Tue, Jun 25, 2013

Michael Schaus | June 25, 2013

One of the greatest threats of a growing government is the opportunity for abuse, corruption and general disregard for individual liberty. And while the IRS is reeling from their own experiment in Big-Brother-meets-Jimmy-Hoffa style of governance, the New York State Attorney General is anxious to follow suit.

Mike Shedlock | June 25, 2013

A one percentage point rise in rates affects affordability by 10-11%. With mortgage rates up 1 3/8 to 1 3/4 points, that equates to a rise in monthly payments (or a drop in affordability) by as much as 17%.

Charles Payne | June 25, 2013

This week the biggest news out of Washington will be President Obama's updated battle against global warming. It's not enough to win the counterfactual war that the administration saved America from a Great Depression, but how about saving the entire planet from Armageddon!

Daniel J. Mitchell | June 25, 2013

The IRS is worthy of scorn. It is a bloated bureaucracy that routinely violates the rights of taxpayers. But even I didn’t think it was possible for a collection of bureaucrats to display the blithering incompetence necessary to send $46 million of handouts to nearly 24,000 fake returns filed from a single address.

Chris Edwards | June 25, 2013

It’s a good thing that the farm bill failed to pass the House, but it is disturbing that about three-quarters of Republicans voted in favor of this massive spending bill.

Bill Tatro | June 25, 2013

Wells Fargo Advisors, LLC recently raised their year-end target on the S&P 500 from 1575—1625 to 1650—1700, an approximate 5% increase. In addition, the mainstream media has just boldly proclaimed, “Retirement savers: it’s not too late for stocks.”

Tad DeHaven | June 25, 2013

I imagine most citizens would be surprised at how much of the money their state government spends originates in Washington.

Roger Schlesinger | June 25, 2013

Subprime loans were less than 10% of all mortgage loans, and the liar loans were probably around 1 to 2% of all mortgage loans. Neither the subprime, nor the subprime liar loans caused the financial crisis of 2008-present. What they did do is allow people without traditional sources of income, or great credit or large reserves a chance to get a property and work their way out of their deficiencies.

Mon, Jun 24, 2013

Mike Shedlock | June 24, 2013

With speculators borrowing millions to day trade on 300% leverage utilizing an "endless" supply of margin, and some utility stocks swing 7% every day ... inquiring minds may be asking "what can possibly go wrong with that?"

John Ransom | June 24, 2013

Given the proclivities of the administration to impale themselves on the sharp edge of many of their policies, it’s no wonder they have no time for the economy, jobs, the war in Afghanistan, the immigration reform, budgets, national security briefings and all the other effluvia of governing. What with vacations and stopping the whistle blowers, time is short.

Political Calculations | June 24, 2013

Does the Fed care about Wall Street's professional investors? The Fed secretly believes that they're a bunch of pansies.

Daniel J. Mitchell | June 24, 2013

I understand that Snowden presumably wants to go someplace where he can’t be snatched by American officials, but he will cross the line and unambiguously become a traitor in my eyes if he gives sensitive material to unfriendly foreign governments.

Bob Beauprez | June 24, 2013

The so-called Hoeven-Corker amendment specifically gives the Secretary of Homeland Security the sole discretion to waive the provisions to build hundreds of miles of new fencing and the installation of technological equipment to aid in securing the border.

Morgan Brittany | June 24, 2013

This begs the question; why would certain IRS employees get more hefty bonuses when they have proven themselves to be nothing but incompetent?

Sun, Jun 23, 2013

Mike Shedlock | June 23, 2013

It's tough to find a job everywhere: in the US, in China, in Europe, and in India. Think education is the answer? I don't.

John Ransom | June 23, 2013

Liberals get to write off other taxes they pay, like state taxes, when they do their federal tax return. Is that THEIR subsidy that they now owe me? Maybe the next GOP president will put the NSA-IRS-M-O-U-S-E on THEM.

Political Calculations | June 23, 2013

Certain doom isn't imminent, it's just lurking around the corner.

Night Watch | June 23, 2013

The conditions are emerging for serious violent clashes in the major Egyptian cities in nine days.

Daniel J. Mitchell | June 23, 2013

With frightening legislation such as Obamacare, tax hikes, and Dodd-Frank, no wonder about two out of three people have a very or somewhat negative view of Washington.

Marita Noon | June 23, 2013

The White House Office of Management and Budget raised the cost of a metric ton of carbon from the current $23.80 to $38.00 in 2015—which gives the administration “justification to be more aggressive than they otherwise would be,” explained Jeff Holmstead, air quality chief at the Environmental Protection Agency under President George W. Bush.

Mark Baisley | June 23, 2013

"I figured that you would exchange the fruit of your labor for the assurance of a splendid speech. Every village seems to have a fat woodsman. I roam the earth, finding my meals sitting on a throne.”


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