Blog Archives

Eric Cantor’s Primary Loss Reflects a Global Trend That Can Affect Investment Portfolios

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By J.G. Collins NEW YORK (June 17, 2014) – House Majority Leader Eric Cantor’s stunning loss in the Virginia 7th Congressional District Republican primary should be less surprising than it was. Coming on the heels of Thad Cochran’s initial primary

Posted in Abenomics, Economics, Euro Zone, Europe, European Parliament, Fair trade, Germany, IMF, Japan, Monetary Policy, Our Blog, Politics, Taxation, Voting Tagged with: , , , , , , ,

The Most Expensive Political Scandal of the Century?

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Forget “Bridgegate” or the IRS Tea Party scandal. There may be a bigger, far more costly, far more damaging scandal that may be ready to burst on the scene in just a matter of months. This week, allegations came to

Posted in Economics, Interest Rates, Interest Rates, Our Blog Tagged with: , , , , , , ,

We’ve Spent Trillions and Four Years on a “Potemkin Village” 2% “Recovery”. So, What’s Next?

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The dismal March jobs report, printing at less than half of expectations, raise additional questions about the strength of the current recovery.   While its well known the current recovery is weak, its less well-known that this is the weakest

Posted in #EconStats, Bernanke, Economics, Federal Reserve, Interest Rates, Our Blog Tagged with: , , , ,

For Manufacturing Data, Boeing’s Big Orders ARE Better – Deceptively So

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Yesterday’s Commerce Department headline  number led a number of reporters and analysts to conclude that the US Manufacturing Sector was experiencing a solid comeback.  An increase of 3%, month-over-month, surely signaled a solid upswing in manufacturing, right? And with that,

Posted in Economics

Containing a Potential Cyprus Catastrophe

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If there were awards for creating market instability, the ECB/IMF plan to impose a “tax” on Cypriot depositors – effectively renouncing depositors’ insurance guarantees – would rank second only to the US Treasury decision to let Lehman Brothers go bankrupt,

Posted in ECB, Economics, Euro Zone, Germany, IMF, Our Blog, Taxation, Zombie Banks Tagged with: , , , , ,

Yes, Chronically Low Interest Rates Can Harm Recovery

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             Fed Chairman Ben Bernanke’s testimony Tuesday before the Senate Finance Committee, where he reiterated his view that the Fed needed to continue record-low interest rates, reminded me why doctors are required to swear the

Posted in Economics, Federal Reserve, Interest Rates, Interest Rates, Our Blog Tagged with: , , , , ,