Obama Is Wrong. Radical Tax Cutting IS The Answer.

By: Francis Cianfrocca (Diary)  |  February 11th at 08:26 AM  | 

Barack Obama has been very consistent about several elements of his storyline. It has three basic parts: First, the financial system just needs a little confidence. Second, the economy just needs a huge dose of spending on left-wing priorities. Third, and key to the point here, tax cuts don’t work. Obama always frames the point about taxes in a political context, something like: “the last | Read More »

Bond Markets Showing Some Very Strange Action

By: Francis Cianfrocca (Diary)  |  October 10th at 08:08 AM  | 

This post will be brief, as duty calls. You don’t need me to point out the broad carnage in financial markets this morning. It’s going to be a tough day. Margin calls will drive a lot of selling. We may get a brief respite rally after all of the weaker hands get washed out. Time frame for this would be the next several weeks. No | Read More »