It has been a longtime since popular music, or musicians were once described as "Ebullient." However, back in 1959, that is how the world viewed Mr. Dizzy Gillespie. As it turned out, 1959 was a pretty good year for the United States...one could say that it was an ebullient time.
John Paulson worked with Goldman Sachs to create a fund that had failure written all over it. He knew that the mortgage pool was doomed since he had built it that way. Of course he bet billions against the unsuspecting who thought it would succeed.
After a seven-day run higher in the equity markets, stocks in the benchmark S&P 500 Index now have recovered a majority of the losses they sustained during the previous two weeks.
One of the more profitable PowerTrends that subscribers to PowerTrend Profits have benefited from, and continue to benefit from, is The Rise and Fall of the Middle Class.
Basically, I contend that Gross Output (GO) is better than gross domestic product (GDP) in measuring the economy. GO is an attempt to measure spending at all stages of production. It corrects the fallacy fostered by GDP that consumer spending drives the economy.
Obama’s having a hard time raising taxes right now… So I guess they’ve decided to just keep suing banks for more money. First JPMorgan Chase; now Bank of America is being sued for taking on those loan portfolios that the government made them put on the books… This makes perfect sense…
How many lies have we been told by Obama’s administration and campaign machine? It almost seems like this guy will say anything we want to hear… So long as he gets a little PR help from the mainstream media. Also, Professor Stringham joined the show to defend High Frequency Trading.
If you think more government is the answer, you’ve asked a very silly question.
It would be shame if the wonder drugs we rely on to help the elderly, the sick and our children stopped working wonders because a parochial and partisan prejudice against profits by liberals was allowed to outweigh the greater good.
America’s spy satellites, as it turns out, depend upon Russian provided technology to reach orbit. Giving Putin our business, simply to maintain the Boeing/ Lockheed Martin monopoly on military space missions, doesn’t exactly seem to fall in line with national security interests.
The Russian leaders are not rushing to engage in economic warfare, but are using the crisis to build national pride, reinforce societal discipline and to move towards greater self-sufficiency within the Russian sphere of influence.
Sure, Wall Street wants more of your money… So does the Government. Which one do you think is a bigger threat to the average American? It’s almost like the Government hates it when someone gets too successful. Also, Chris Versace joined the show to talk about the importance of having an “edge” in the market.
Almost a third of the way into the year, one thing is becoming clear: 2014 is not shaping up to be another monster year for the U.S. stock market.
So what’s the rationale for overpaid bureaucrats? Defenders of the status quo claim that high pay is necessary to attract skilled professionals. Needless to say, that’s not true.
When President Obama decided sometime during his first term that he wanted to be able to use unmanned aerial drones in foreign lands to kill people -- including Americans -- he instructed Attorney General Eric Holder to find a way to make it legal -- despite the absolute prohibition on governmental extra-judicial killing in federal and state laws and in the Constitution itself.
Having a college fund set aside by your parents is really nice, if they can afford that kind of thing. But you can go to school by getting good grades, applying for scholarships, working your tail off and choosing a school you can afford. In short, college funding is not a necessity.
ECB president Mario Draghi has been making lots of noise recently about cutting interest rates because the euro is too strong and banks aren't lending enough.
Afghanistan has been maneuvering to prepare for the post-NATO period which will include Taliban participation, directly or indirectly. After 13 years of fighting, it is striking how little the political landscape has changed.
For all the talk of Obamacare signing up 7 million people, it is rarely reported that over 80% of the people who signed up were dropped off of their former policies because of Obamacare. Many people haven’t paid their premiums yet either.
It’s beginning to look like President Obama has developed a chronic aversion to anything that might be mistaken for “leadership” in his second term. The Keystone XL pipeline was, again, delayed until after the election season.
The Obama administration has made a specialty out of cronyism, graft and corruption along the blueprints of Chicago. But the real danger to our Republic is not from Obama following the Chicago Way, it's if he follows the Illinois “combine.”
Those who think a collapsing currency is a sure-fire way to increase exports need to rethink their beliefs.
Nevertheless, it has gotten to the point where modern-day artisans, like a short-order cook in a busy restaurant, are actually looked down upon, while some high-frequency trader running computer algorithms making tens of millions is looked up to, (although with less respect now compared to a month ago).
Problems caused by America’s broken immigration system are causing misery to America’s immigrant community (both legal residents and undocumented), and, for good measure, to the president, the GOP and American society.
I’m in favor of free markets. That means I’m sometimes on the same side as big business, but it also means that I’m often very critical of big business.
Remember when things like creating jobs and expanding America’s capacity for energy production were considered “no-brainers”? Well, Obama’s delayed the Keystone XL again… Charles Payne, from Fox Business, also joined the show to talk about perseverance of American exceptionalism.
I took the long Holiday weekend to do a scouting mission for a future column. What I was most interested in were the work habits of the so called minimum wage employee. I was also interested in how many of these employees carried their “smart” phone with them on the job.
Apparently the performing puppets that they have at City Hall, at police headquarters and crawling all over Streets and Sanitation haven't done enough yet to ruin Chicago's reputation. So now the city has to bring in outsiders. Pretend outsiders, that is.
If extreme sanctions are put on Russia, then Russia will cut off all gas to Europe and likely default on all foreign denominated bonds.
Federal courts may soon rule that President Obama induced the majority of those enrollees to enroll by offering them taxpayer dollars he has no legal authority to spend
Take a look at this impressive graphic. We’re #1 in some bad ways, but it seems we’re also #1 in a very good way.
It seems that the Obama administration and the Democrats like Harry Reid are hell-bent on persecuting, harassing and demonizing American citizens while foreign dictators, aggressors and terrorists get little, if any pushback. Why is that?
I hereby reserve the right of my country to kick the crap out of petty little tyrants like Vladimir Putin regardless of the state of America's ignorance about other countries. I'm glad Americans are often ignorant about other countries. Other countries suck.
Now the legislature wants to waste $100 million for a Barack Obama Library.
Early reports indicate that very little has changed for the employment prospects of the long-term unemployed, at least through the first month of their no longer having unemployment benefits, but what has changed would seem to have changed for the better.
What all these Keynesian ideas have in common is the belief that a crash caused by too much bad debt can be cured by more debt.
To challenge the monster is to challenge the way of life of many who have long ago made peace with (in some cases) or cozied up with (all too often) the beast.
What happens if there are fewer people who want to watch female sports? Should there be a requirement to build bleachers that are mostly empty?
In Other News: Can We Ask Al Qaeda for a Refund on the Bowe Bergdahl Prisoner Swap? | Michael Schaus