Let me remind you that union goons sympathetic to Barack Obama have taken to showing up on the doorsteps of bank executives’ houses in America to threaten and intimidate them. Let me also remind you that Barack Obama told Wall Street Executives that he was all that stood in the way of pitchforks coming for them. And Barack Obama also called on his supporters to | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the European credit crisis, the possibility of a QE 3 and Obama’s plan to be Landlord in Chief. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the possibility of QE3, Italy, and the latest on the debt ceiling negotiations. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the Congressional Budget Office’s scathing report on the debt, Ben Bernanke and Timothy Geithner’s call for higher business taxes. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you | Read More »
Peter A. Diamond, a professor of economics at MIT, has just published a hissy fit in the NY Times titled “When a Nobel Prize isn’t enough.” I won’t link the piece because of the Times’s paywall, so I’ll just tell you what he says. Diamond wants to be a governor of the Federal Reserve. Barack Obama wants the same thing, having nominated Diamond three times | Read More »
Just when you thought US Treasury debt couldn’t get more overpriced, it gets… more overpriced. The 10-year yield fell all the way to 2.95% yesterday. It held that level for part of this morning, and now is just under 3%. At least some of this has to be due to the supply disruption caused by the US hitting its debt ceiling. (Existing debt can be | Read More »
The Democrats have a penchant for advancing their big government dreams through the insidious use of unelected members of government. To that end, Obama has nominated radical ideologues to judgeships and executive agencies since the beginning of his presidency. Another unelected body of the federal government that is rapidly becoming a fourth branch is the Federal Reserve. Due to the vitality of their creeping economic interventions, | Read More »
Recent economic reports of Obamanomics have shown dismal GDP growth, rising jobless claims, an anemic dollar, and soaring inflation; all indications of stagflation. There are two components to stagflation; high unemployment and high inflation. The unemployment, along with the weak economic growth, is due in large part to Obama’s Keynesian fiscal policy of overtaxing, overspending, over-subsidizing, and over-regulating. While the profligate spending and corporate welfare | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss the royal wedding, the disappointing GDP numbers, higher unemployment and Ben Bernanke. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the | Read More »
Dave Leonhardt has a piece in today’s New York Times (“Holding Bernanke Accountable,” no link due to paywall). I’m sad about this piece because Leonhardt is a very knowledgeable guy whom I always enjoy reading. But I find that he has a tendency to fall back on conventional wisdom. At times I feel that his research is limited to what he reads in his own | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the upcoming week in the market and Ben Bernanke’s interview with 60 Minutes about inflation and inequality. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do | Read More »
Download Podcast | iTunes | Podcast Feed In today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the wild swing of commodities, a QE2 revolt from investors and economists, the merger of Newsweek and the Daily Beast and the power of tech monopolies. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. | Read More »
I’ve been asked to give some basic perspective on what the Fed’s “quantitative easing” actually is. Since writing this piece, I’ve become more convinced that I was on the right track. So far, three different QE models have been observed in the wild: the Japanese (2001-06), the British (2008-09), and Bernanke I (2008-10). We’re about to see Bernanke II. All of them are forms of | Read More »
Download Podcast | iTunes | Podcast Feed In today’s edition of Coffee and Markets, Brad Jackson, Ben Domenech are joined by Francis Cianfrocca to discuss Bernanke’s latest QE2 moves, the GOP’s opportunity society, and why health care, not the economy, may have been the biggest issue in Tuesday’s election. We’re brought to you as always by BigGovernment.com and Stephen Clouse and Associates. We’d also like | Read More »
You know it’s bad when somebody from CBS voluntarily uses the title “Is Maxine Waters Really As Dumb As She Seems?“: Watch CBS News Videos Online …even Hot Air was more sedate in its title*. For those who are wondering, while grilling Fed Reserve Chair Ben Bernanke Rep. Waters confused the discount rate with the fed funds rate. And if you didn’t know what that | Read More »
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