Category Archives: Uncategorized

Obama Lied About Healthcare, Approval Hits New Low

President Obama’s approval rating has declined to an all-time low as public frustration with Washington and pessimism about the nation’s direction continue to grow, according to a new NBC News/Wall Street Journal poll. Just 42% approve of the president’s job performance, which is down five points from earlier this month, and 51% disapprove of his…

Will Tomorrow’s Jobs Report be Another Dud?

Tomorrow morning at 8:30 eastern, the Bureau of Labor Statistics (BLS) will release the unemployment report for April. You may recall that the unemployment report for March, which was released on April 5, was simply awful. Only 88,000 new jobs were created in March, instead of the nearly 200,000 that were expected. So what’s expected…

Does Bernanke Privately Want Higher Inflation?

At the conclusion of its September 12-13 policy meeting, Chairman Ben Bernanke announced that the Fed Open Market Committee (FOMC) voted to implement QE3 immediately. Bernanke said that the Fed would begin buying an additional $40 billion a month in mortgage-backed securities in an effort to put more pressure on long-term interest rates and to…

Economic & Fiscal Cliff Coming in 2013

Congressional legislation that is critical to the future of our economy and the financial markets is stalled, as Washington is increasingly focused on the November elections. Unfortunately, nothing is likely to be done in Washington before the elections, and that means there will be only seven weeks for a lame-duck Congress to take major action…