Super Clunkers – How Congress Can Double US Vehicle Sales
Clash for Clunkers Increases Car Sales The much maligned Cash For Clunkers program has three remarkable features that differentiate it from the other wide assortment of endless government stimulus/bailout programs. 1. The Cash For Clunkers program, at [...]
How The Government Encourages “Ruthless Defaulters”
The Delusion of Lenders The old banking rule of lending only to those who had the capacity to repay was gradually relaxed and then completely abandoned over the past two decades. New techniques such as loan securitization [...]
The Perfect Health Care Plan For The Legendary 46 Million
Another Government Solution At Zero Cost Congress has been working hard lately as one trillion dollar legislative decree after another has “solved” the banking crisis, the global warming crisis and the foreclosure crisis. In between all of [...]
Obama – 40 more years!
For all of those worried about tax increases, slow economic growth and rapidly expanding deficits, I have one word – relax. Consider the following comments made by the President today. Obama Says Robust Growth Will Prevent Tax [...]
The Cost Of Easy Money – $14 Trillion and Counting
Supervisory Insights – Where The Money Went The FDIC released their Supervisory Insights report today which contains a detailed breakdown of the almost $14 trillion dollars committed by the Government to support the financial system over the [...]
Fiscal Discipline – Endorsed By All, Practiced By None
Has anyone noticed the correlation of “fiscal discipline” chatter to rising interest rates? Efforts by the Fed to manipulate rates lower through the outright purchases of treasuries and mortgage securities seem to be failing as the long [...]
Geithner – “I am not a crook”
“Chinese assets are very safe” This remarkable assertion regarding the safety of US debt securities held by China was made by Timothy Geithner, US Treasury Secretary, during his visit to China. That Mr. Geithner felt compelled to [...]
Hyperinflation Worries – The Next Black Swan Or A Contrary Indicator?
Inflation Concerns Increase There has been much speculation lately about the end results of the US Government’s massive deficit spending. Many analysts are predicting that the end result will be hyperinflation as the Fed is forced to [...]
Mortgage Rates Skyrocket As Fed’s Rate Manipulation Fails
Markets Will Ultimately Determine Long Term Interest Rates Treasuries continued their sell off today as the yield on the 10 year benchmark bond climbed to 3.72%, a stunning increase from the recent lows just over 2% in [...]
