By Larry Doyle on Oct 16, 2009 in American Consumers, Bailouts, Bank Bailouts, Banks, Economy, Inflation, Sense on Cents (Larry Doyle blog) | 18 Comments
The American public is becoming increasingly wise to the ways of Wall Street and Washington.
Many Americans were duped by financial practices and products emanating from Wall Street. Where was Washington? I would assess Washington’s involvement and responses in the following fashion:
1. At worst, Washington was complicit given a wide array of failed public policy [...]
By Larry Doyle on Sep 11, 2009 in Economy, Global Finance, Inflation, Sense on Cents (Larry Doyle blog) | 29 Comments
What drove the U.S. dollar dramatically lower yesterday? How about a communique from none other than the United Nations Conference on Trade and Development. UNCTAD recently released a statement in which it proclaims:
Given the prevailing major shortcomings in the international financial and monetary system, UNCTAD draws attention to some elements of reform of the international [...]
By Rabble Rouser Reverend Amy on Aug 27, 2009 in Congress (House & Senate), Current Affairs, Economy, Health Care, Inflation, Universal Health Care | 71 Comments
There has been lots of talk recently about the Health Care Bill, what it contains, how it will be run, and who it will cover. Many folks claim that since the government does such a bang-up job with Medicare, it should be no problem for them to pick up millions and millions more people [...]
By SusanUnPC on Apr 9, 2009 in American Consumers, Current Affairs, Economic Stimulus, Economy, Inflation, Tax Day, Tax stimulus package | 23 Comments
In “President Obama’s Ambitious Agenda on Crash Course With Fiscal Realities,” Stu Varney, on Fox News’s America’s Newsroom, exposed a ruinous weakness in Obama’s reckless, contraindicated spending spree: Tax revenues are down 25% (!), and April 15th is NOT going to be a lucrative day for the U.S. government. With escalating unemployment, and more and [...]
By Larry Doyle on Apr 6, 2009 in American Consumers, Economy, Inflation, Sense on Cents (Larry Doyle blog) | 2 Comments
In the midst of the massive government intervention in the economy and markets, the Federal Reserve is providing measures of liquidity that are truly “off the charts.” This liquidity, in the form of U.S. dollars, is flooding the economy. If and when the economy gains a little traction and the money multiplier kicks in, [...]
By Larry Doyle on Apr 6, 2009 in Ben Bernanke, Economy, Inflation, Wall Street | 9 Comments
The genie, in the form of the Federal Reserve, has granted the markets a lot more than three wishes over the course of these challenging economic times. What are some of the wishes granted so far? Let’s review:
1. cutting the Federal Funds rate to a range of 0-.25%.
2. backstopping a wide array of short term [...]