A Fed governor recently tried to explain to an audience of ordinary citizens how the government figured the “core” inflation rate. The lumpen didn’t go for it at all. They heckled the poor man. “When was the last time you went to the superma…
Whoa…this looks bad too. In the housing sector, the fed’s ultra-low interest rates are supposed to make it easier to refinance…which is supposed to help firm up prices. But prices haven’t firmed. They’re still giving way.
The latest numbe…
Booms go bust. Wealth disappears. Debt does not. Someone, somewhere, sometime has to pay it. If not the borrower…someone else.
The story of the bubble years was the build up of debt throughout the world.
The story of the post-bubble years has bee…
Paul Farrell’s latest…
Put Goldman Sachs CEO Lloyd Blankfein in jail for six months, and all this will stop, all over Wall Street and America, a former congressional aide tells Matt Taibbi in his latest Rolling Stone attack, “Why Isn’t Wall S…
After spending New Year’s in jail, Bernie Madoff’s assistant Annette Bongiorno is home on bail, wearing an ankle monitor and missing $7.6 million the Feds got from her bank accounts. Allan Dodds Frank reports.
By the time 62-year-old Annette B…
http://www.news10.net/news/article.aspx?storyid=113529&provider=top&
catid=188
Three days after he posted a series of six video clips recorded with a cell phone camera at San Francisco International Airport, four federal air marshals and two sheriff’s…
This is gonna hurt somebody!
Mexico-Chicago train was: ‘Weed Express’ – Feds capture 22 thousand lbs of marijuana
Six railroad cars that traveled from Mexico to Chicago Heights, Illinois were packed with 11 tons of marijuana, resulting in the lar…
The Fed’s impending blunder
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100008351/the-feds-
impending-blunder/
“For a good insight into the thinking of the New Keynesian priesthood that rules our money and our lives, it is worth read…
Feds say nobody can dig more than 6 inches in the sand to look for oil.
Reporter Dan Thomas is confronted by a park service employee. He is told he can not investigate the beaches for oil, can not dig in the sand, that he should go to a ‘public beach’…
The week just past was easy in terms of new Treasury supply, with just the 4, 13, and 26 week bill auctions. Those are the…
