4 Contrarian Views Note: Snowing like crazy 30 miles north of NYC – wind picking up as I write. The forecast for me is 12-18…
We got a big reminder of the importance of government spending in the Q4 GDP report. The damn military delayed some expenditures for a few months, and it knocked 1.3% of the quarter’s growth rate. If it weren’t for the pikers at the Pentagon, we would have been in the black. GDP = Jobs, […]
The post On the Numbers appeared first on Bruce Krasting.
A few snippets of data from the Congressional Budget Office’s Budget and Economic Outlook 2003. Estimated 10-year budge surplus = $5.6T. Reality = $6.6T deficit. A 200+% miss.…
I started shooting skeet when I was just a kid. In my late teens (and when my eyes were still good), I shot a number…
Switzerland started off the money laundering year with a bang. Three big cases in just a month: – The Swiss accounts of Sergei Magnitsky…
Say you’re a Doc, working out of NYU Hospital on 1st and 34th, and on October 29 you park your car in the lot next…
In my time I’ve watched a bunch of countries go south. In the 80’s it was all of South America. Poland, Yugoslavia and South Africa…
It’s been a long time since I was last in Singapore. It was a financial powerhouse then – it’s a monster today. Hong Kong and…
Well, the Prez didn’t really say that. His words on the topic of football: “If I had a son, I’d have to think long…
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…
