The Federal Reserve makes a ton of money on its $3T horde of government bonds. In 2012 the Fed earned a tidy $90B by borrowing…
Lots of talk about “deficits” of late. I’m not sure what a deficit really means. Consider the Clinton years. The economy was good, there were…
Follows are two stories that describe some events that happened last week. There is nothing political, economic or market related in these (not a word…
There are two very big issues on America’s plate in 2013; A) what to do with Social Security (SS) , and B)immigration. For the most part, these two…
If you want to see what poverty looks like, go to Haiti. This country ranks high on the bad list. You can see it from…
The comment, earlier today, from the Japanese Economics Minister, Akira Amari, that the Yen exchange rate was now “ in line with fundamentals”, and the market’s…
In the past 24-hours I’ve been reading the postmortems on the Coin; I just watched the Sunday morning shows. In my opinion, the Press…
Note: Allow me some ‘color’, to make a point about the very rapid changes in FX that have taken place of late. In the…
I grew up in no-tech. I watched the live tapes for price action, CRT screens came later. There were noisy screens that…
The most recent report from the Congressional Budget Office (CBO) used the following language it the summary section: The resulting rise in the projected…
