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…
Category: Economics
Eric Cantor’s Primary Loss Reflects a Global Trend That Can Affect Investment Portfolios
AdminJim
Posted in Abenomics, Economics, Euro Zone, Europe, European Parliament, Fair trade, Germany, IMF, Japan, Monetary Policy, Our Blog, Politics, Taxation, Voting
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Tagged with: Abenomics, Eric Cantor, European Parliament, Immigration, Monetary Policy, Populism, Shinzo Abe, Tea Party
The Most Expensive Political Scandal of the Century?
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…
Tagged with: Geithner, Justice Department, Obama, S, scandal, Sovereign Debt, Standard & Poor', Treasury
We’ve Spent Trillions and Four Years on a “Potemkin Village” 2% “Recovery”. So, What’s Next?
AdminJim
Posted in #EconStats, Bernanke, Economics, Federal Reserve, Interest Rates, Our Blog
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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…
For Manufacturing Data, Boeing’s Big Orders ARE Better – Deceptively So
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,…
Containing a Potential Cyprus Catastrophe
AdminJim
Posted in ECB, Economics, Euro Zone, Germany, IMF, Our Blog, Taxation, Zombie Banks
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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,…
Yes, Chronically Low Interest Rates Can Harm Recovery
AdminJim
Posted in Economics, Federal Reserve, Interest Rates, Interest Rates, Our Blog
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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…
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