Internal Revenue Service data from 2009 shows that 58% of all of the tax-exempt interest reported to the IRS was from individuals with incomes of $200,000 or higher. (Bondbuyer.com) In recent weeks, The Federal Reserve and the so-called Obama Administration have teamed up to restrict the ability of American Municipalities to finance long-term, necessary infrastructure projects. Of course, this was neither the stated, nor the | Read More »
“The international community has every reason to feel worried, so the U.S. side owes it a proper explanation for the move,” Vice Foreign Minister Cui Tiankai from China (HT: My Way News) They seem to hate us because our Federal Reserve Chairman feels like detonating the US Dollar. Hyperbole aside, what Ben Bernanke has done has announced a program to add $600Bn of liquidity to | Read More »
The yellow jester does not play But gentle pulls the strings And smiles as the puppets dance In the court of the crimson king (King Crimson, 1969) In a year where unemployment hit two digits and stayed there for months my portfolio, as minimal as it stands, went up through the roof. Rational explanations exist for this. Our government spent most of 2009 urinating on | Read More »
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