Why I am No Longer a Conservative Republican
Maybe it’s just me but I’m tired of the same old same old in our politics. The big-box monopoly parties have morphed into two sides of the same coin, two heads on the same bird of prey. Today our choice boils down to the Conservative Republican tax and spend, infringe personal liberty, and outsource or sovereignty policies or the Liberal Democrat tax and spend, infringe | Read More »
Shining Light on the Fourth Branch of Government
This week, Federal Reserve Chairman Ben Bernanke will deliver his semiannual testimony before Congress defending his reckless monetary stimulus. He will testify before the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee on Wednesday. Now is a good time for Republicans to demand more accountability from the fourth branch of government – the one not mentioned in the Constitution. | Read More »
Tech at Night: Right and Wrong answers on Cybersecurity
So, the President and other Democrats seem to think more government is the answer to our cybersecurity problems. the Chinese are attacking us, and will continue to do so going forward. Hard to see how more regulation on our wend will help that. Fighting back might make more sense, so long as we don’t make the Internet unusable in the process.
Of course, some threats are domestic. Gangs like Anonymous need to be found and jailed. Again, regulation isn’t the answer there. Police work is. Especially since this Anontard attack was on… the Federal Reserve. Oops.
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Mortgage foreclosure settlement reached
Ten major mortgage servicers including Bank of America, JP Morgan Chase, Citigroup and Wells Fargo entered into a $8.5 billion settlement Monday with federal regulators to settle claims related to mortgage foreclosure abuses. Under the terms of the settlement with the Federal Reserve and the Office of the Comptroller of the Currency (OCC), $3.3 billion will be paid by banks directly to eligible mortgage borrowers. Over $5.2 billion in other assistance – such as loan | Read More »
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The Fed Ties Printing Policy to Unemployment Rate
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the Fed’s decision to tie its money printing policy to unemployment, the long-term effect on the market and the Fed’s outlook for the economy.
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Welcome to QE4!
The actions of the Federal Reserve over the past 4 years exemplify insanity more than anything else in politics. They continue implementing one monetary stimulus policy after another in an attempt to jumpstart the economy, even though they keep failing in that goal. We had QE1,2,3 and Operations Twist 1 and 2. Now the Fed’s Open Market Committee has announced a new monetary stimulus package | Read More »
The Unemployment Rate Doesn’t Show the Full Picture
Last week was a mixed week for Wall Street and the capital markets on a number of fronts. Thanks or rather no thanks to Hurricane Sandy, the North East faced billions of dollars in damages with New York and New Jersey heavily hit by power outages, gas shortages, fallen trees and damaged homes. The storm damage resulted in a shortened trading week for the capital | Read More »
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Would a President Romney Change Fed Policy
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss speculation as to who Mitt Romney would appoint to be Chairman of the Federal Reserve and what policy changes that would mean.
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Washington Has Made a Balanced Budget and Growing Economy Bad Ideas
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss how Capitol Hill spending and Fed policy have created an environment where a balanced budget and a growing economy would be bad for the federal government and put as at risk of a European-style collapse.
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Bread and Butter Issues: Free Markets, Monetary Stimulus, Purchase Power and Savings
So the Producer Price Index (PPP) increased at the highest rate since June 2009 (the “end” of the recession), but fear not, inflation hasn’t trickled down to the consumer end yet, say the wizards of smart. Except that it has. You can use all the data you want, American consumers know they are paying much more for virtually everything at stores, supermarkets, and retailers. And | Read More »
Californians: Conservative Rock Star Gregg Imus for CD-8!
California is desperately in need of conservative congressmen and women. There are too many go-along, get-along RINOs from all across the country, but the California delegation is notorious for joining Democrats in passing terrible legislation. One California representative who has followed conservative values is Conservative Hero Representative Tom McClintock (R). Rep. McClintock has endorsed Gregg Imus (http://www.imusforcongress.com/endorsements/tom-mcclintock-endorsement/). Endorsements: Gregg Imus has also been endorsed by other | Read More »
The World’s Central Bankers Meet at Jackson Hole
On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss Mitt Romney’s speech at the Republican convention, the central bankers conference in Jackson Hole and what to expect from Ben Bernanke. We’re brought to you by Stephen Clouse and Associates and The Heritage Foundation’s Morning Bell. If you’d like to email us, you can do so at bjackson[at]coffeeandmarkets.com. We | Read More »
Is the Inertia Greater Than the Momentum ?
The causes of our problems are not hard to see. Americans aren’t obese because evil restauranteers are forcing them to eat fried butter on a stick. We are bulging at the seams because we eat too much and exercise too little. Americans aren’t trapped in upside down mortgages because evil bankers waylaid us and forced us to sign up for a house that was too | Read More »
Happy Birthday Frank-Dodd; Here’s to NOT Many More
Lost amid the news this past week with headlines filled with a nutcake on the rampage in Colorado, Bain Capital, and Mitt Romney’s tax returns is the fact that the Frank-Dodd Wall Street Reform law celebrated its second birthday. Many rightfully believe that the Affordable Care Act (a/k/a Obamacare) may be one of the most ill-conceived laws in history, and it certainly ranks up there. | Read More »
Will Mitch McConnell Stand With Conservatives Against Obama & the Federal Reserve?
The Federal Reserve is not my issue. Audit it if you want, I’m with you. But it’s not something that drives me crazy or makes me passionate. But there is one issue that really gets me and the Fed has been at the center of it lately — crony capitalism.Barack Obama has nominated Jeremy Stein and Jerome Powell to the Federal Reserve Board of Governors | Read More »