Median market rent for US rental housing units rose 4.3% year over year in the first quarter of 2015, according to data released today by the US Census Bureau. All of the gain came in the latest quarter, as rents were nearly flat for the previous three quarters. The first quarter increase compares with an…
The US is the only developed nation that doesn’t provide universal health care to its citizens. The ACA was a step in the wrong direction, enforcing the current medical syndicate skim of the US economy that nearly doubles the cost of medical services in the US versus other nations. The immorality and costly inefficiency of…
Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—-an outcome which 45 years of Cold War military mobilization by the West had failed to accomplish. At the time,…
The Washington Post begins to pull the covers back on the real problem of the new 0-care law. It punishes and penalizes good people and doesn’t solve the basic problem of the US medical services delivery system. They are not eligible for subsidies, but they found a cheaper plan than the one being offered by…
Mainstream media pundits have been crying in their beer over the past several days over investors running away from short term Treasury paper because of default fears. They cite the huge rise in the rates on T-bills, which exploded all the way up to six one hundredths of one percent on the 26 week bill.…
A huge gain in individual income taxes collected in September suggests that the effects of bubble friendly Fed policy are trickling down to the owners of small businesses. Unfortunately, wage and hour data tells us that the trickle is dammed there. Will our dammed nation will be our damnation? This is an extended free excerpt…
I pledge allegiance to the Fed of the United Banks of America, and to the Dealers, to which it pays, one system, under Ben, with liquidity and profits for all.
Marketwatch published an article today that was Bernanke apologia at its worst. “Bernanke hasn’t thrown grandma under the bus. If you are poor, low interest rates help more than hurt.” If you want to read this swill, it’s here. I could only get through a couple of paragraphs before I lost it. I berated the…
Francine McKenna, writing for the American Banker, thinks that some big time gangbanksters may finally be called to account soon. I think the Obama administration will pull Jamie Dimon down along with Jon Corzine. They’ll do this to regain momentum with working-class voters—the 99%. Winning the November election, less than a year away, will…
Where are the perp walks? The United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”). The Government’s lawsuit, filed May 3, 2011, sought damages and civil penalties under the False Claims…
