March 1, 2013
Media Hype Over Sequester Cuts
My friend Tim Wallace pinged me today with a few thoughts.
Media Network Online
Hard hitting global and local news
Hard hitting global and local news
My friend Tim Wallace pinged me today with a few thoughts.
See more here: Did Obama Tax the US Into Recession?
February 28, 2013 (LD) – The US State Department, and to a greater extent, US foreign policy itself, having exhausted completely their collective credibility, has attempted yet another “reset.” By bringing in John Kerry to pose as the next US Secretary of State, it is hoped global opinion will see US foreign policy in a new, more tolerant light.
See the original article here: Walmart Slow to Stock Shelves as Consumer Sales Slump
View article: Is Inflation the Legacy of the Federal Reserve?
What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy Caroline Baum had some interesting comments about Bernanke’s testimony before Congress in her writeup What Bernanke Didn’t Say About Housing . One of the more interesting exchanges at Ben Bernanke’s testimony to the Financial Services Committee today was the one between the Federal Reserve chairman and Representative Scott Garrett, a Republican from New Jersey.    Citing Bernanke’s assertion that one of the benefits of QE had been the rise in home prices, Garrett said the following: "Previously you have said that the Fed’s monetary policy actions earlier this decade, 2003 to 2005, did not contribute to the housing bubble in the U.S. So which is it?
View the original here: Elizabeth Warren Grills Bernanke on "Too Big to Fail" Policy
France Unemployment Highest Since 1997 In the easy to see coming category (thanks to the socialist policies of French president Francois Hollande) French unemployment level hits 15-year high . Unemployment numbers in France rose by 43,000 in January to 3.16 million, an increase of 10.7 percent from last year, the labour ministry revealed on Tuesday. The figure is at its highest since January 1997, when it reached 3.19 million.  Rising unemployment is a setback for Socialist President Francois Hollande, who has pledged to curb the unemployment rate from the current level of more than 10 percent to a single-digit figure by December.
Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says Gold’s Cycle Seen Turned . The cycle for gold prices, which climbed for 12 straight years, has probably turned as the recovery in the U.S