At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Good news from Treasury! Tax-Payer’s Bank Ramps Up Assets
by Bruce Krasting • • 0 Comments
The Federal Financing Bank (FFB) released its most recent monthly data today. The Treasury owns this bank, meaning the citizens own it. The folks at the FFB are doing a heck of job. Assets rose in the month by a very respectable $866,000,000 (18% annua…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Social Security – January 2012 and Beyond
by Bruce Krasting • • 0 Comments
The January 2012 numbers for Social Security (SS) show a mixed picture. The results mirror what is going on in the economy. There is clear evidence that revenues at SS are recovering; there is equally clear evidence that America’s social expenditures…
Bruce Krasting, Contributors- Economic and Financial, Must Read
The Next Head of the SNB – Thomas J. Jordan
by Bruce Krasting • • 0 Comments
Mr. Jordan is my guess as the next head of the Swiss National Bank. He’s been at the SNB since 1997. He moved up from the economics department and is now the Vice Chairman.
Mr. J is well qualified. This link to his CV shows that he is an academic at…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On Trading Central Tendency
by Bruce Krasting • • 0 Comments
It’s been about a week since the Federal Reserve announced its new policy of providing information to the public regarding the direction of US interest rates. The new policy is not, generally, a surprise. The Wall Street Journal’s Jon Hilsenrath to…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On FX
by Bruce Krasting • • 0 Comments
On October 25 I wrote about what, at the time, looked like an overvalued EURUSD (it was 1.3950). Zero Hedge had an article attributing the strength to ongoing capital repatriation by EU (primarily French) banks. My words:
As long as there is Euro repa…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Three Long Waves
by Bruce Krasting • • 0 Comments
Our economic slump is pushing four years now. The evidence is easy to find: huge deficits, slow growth, mortgage defaults, declining real estate prices, high unemployment and an economy that can’t produce enough jobs. There are less obvious conseque…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Kashya Hildebrand Speaks – Sinks Hubby?
by Bruce Krasting • • 0 Comments
I wrote about Kashya Hildebrand’s inappropriate FX trades the other day. The story has some new legs today (Bloomberg). The wife of the president of the Swiss National Bank (SNB) has done the one thing she never should have. She talked. Any chance t…
Bruce Krasting, Contributors- Economic and Financial, Must Read
I love a stink
by Bruce Krasting • • 0 Comments
My kind of story in the Swiss papers today. I love it when big shot central bankers get their dirty laundry made public.
Kashya, the wife of Phillip Hilldebrand (head of the Swiss National Bank) sold Swiss Francs just a few days before the Swiss Nati…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Congress Sics IRS on “Enemies”
by Bruce Krasting • • 0 Comments
I was thinking of writing a book. “The Coming Age Warfare”. If I did get around to it, the following story might be the first chapter. Like most wars, the one I see coming between young and old will simmer for years. Along the way there will be sk…
