Posts Tagged ‘Federal Reserve’

Government Attacks Payday Loan Industry

by Mike McCune –   The Federal government has a spending problem. The Federal government has more debt than it can possibly pay. The Federal government is now monetizing (buying) its own debt at the rate of $85 billion per month.   So how do Federal regulators react to the above problems? They want to [...]

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The Rant – America’s Workers Losing Faith in Retirement Funds

by Mike McCune –   The Employment Benefit Research Institute finished a survey of working Americans during the closing days of March. It reported the ‘startling’ fact a mere 13% of working Americans are “very confident” when it comes to having enough financial support to retire.   To those of us in fly-over America this [...]

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Wall Street, Main Street Do Not Agree

by Mike McCune –   The jobs report for February came in nicely and Wall Street cheered. Meanwhile the January jobs report was slashed by 25% from a gain of 157,000 to 119,000 and Wall Street yawned.   That is because the deceit must be maintained. According to Washington, America has been in a recovery since [...]

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Wall Street Thinks Bull Will Continue

by Michael McCune –   There is some amazement among Wall Street observers about how well the market is doing in the face of so many stern headwinds. Their continued amazement is either a sign of stupidity or culpability.   These analysts say there can be no major bear market and that the market has [...]

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Fed’s “Recession Index” Trumps Sequester

by Michael McCune –   Attention, class: The word of the day is “Sequester.”   Isn’t it funny how a word you really never heard before 2013 is now threatening to topple our economy? At least it is if you listen to the major media outlets you’d get that impression.   But they are wrong, [...]

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Obama’s economy: Fed predicts high unemployment through 2015

by Peter Grady –   The Federal Reserve has said it is expecting unemployment levels to remain high until at least late 2015, despite its plans to spend billions of dollars a month to keep interest rates low.   Following its final meeting for the year, the Fed announced it would only consider interest rate [...]

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Markets drop across Europe and U.S.

Israel is scapegoat – for defending itselfby Craig Masters Violence across Europe – seen on facebook worldwide An updated Associated Press Story carried in The Washington Post begins, ”Israeli airstrikes on targets in Gaza Strip hit markets Wednesday, with European shares falling most amid work stoppages in southern Europe and worries about economic growth across [...]

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The Rant – Crisis Bubbles Form From Fed’s QE3

The Federal Reserve’s decision to proceed on an open-ended asset-buying policy is being well-received by other central banks but few others.(1)   The problem for Ben Bernanke and the U.S. dollar is the move’s aim and its outcome are not the same. Bernanke wanted to address unemployment but, by buying American debt–caused by too much demand [...]

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Fed plans Forceful non-traditional actions

By Craig Masters Recovery slope for US is still rising Friday, as expected, Ben Bernanke announced that the Fed would need to take action to adjust the markets. Analysts who study the language of the Bernankes of the world so they can interpret for the rest of us have said that Friday’s remarks were especially [...]

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Are Democrats looking for QE-3 to save Obama’s economy?

All eyes of the ‘one-percenters’ will be on Wyoming tomorrowBy Craig Masters Jackson Hole, Wyoming, the resort area adjacent to the Grand Tetons, is once again the site for an economic summit called The Jackson Hole Economic Symposium. This a conference of leading central bankers and international finance ministers. It is sponsored by the Federal [...]

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Federal Reserve Inaction Would Be Blessing In Long Term

by Mike McCune –   Market investors are expecting help from the Federal Reserve as the recovery stalls so the markets continue to move higher. But experts are suddenly divided on the question of the value of another helping handout from government to its’ selected minions.   Most everyone remembers the threat given to House [...]

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Scandal Has Financial System On Verge of Global Meltdown

by Mike McCune –   If you are like most Americans, you’ve probably heard the term LIBOR. But if you are like like most Americans, you do not realize the impact this tiny particle of the economy has on everything we do on a daily basis.   What has happened is the financial world has [...]

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The Rant: America’s Pump Price Pain Is Pure Fed Folly

by Mike McCune –   The top headline in today’s local paper recently read “Who’s To Blame For Gas Prices?–The More We Pay At The Pump, The More We Want To Know Who Is Responsible.” There were pictures of President Obama, the street sign for Wall Street, an oil refinery and Capitol Hill accompanying the twsiting [...]

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The Rant – Greenspan Speaks, American Wallets Will Get Lighter

by Mike McCune Ex-Federal Reserve Chair Alan Greenspan opined about the impending financial collapse of the American government “on the record” Jan. 5. While he scored some point with statements like “Arithmetic demands it (change in the economy)” and “The U.S. welfare state has run up against a brick wall of economic reality…” he missed [...]

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The Rant: Middle Class Suffers Most From Political Mismanagement

by Mike McCune –   The federal government keeps pumping out the news they want you to hear, mass media seldom questions what officialdom is saying until a Solyndra-type mess occurs and the Federal Reserve keeps the whole thing afloat with its green-inked printing press. But if you want a true picture, take a ride [...]

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The Rant

Governments’ False Hopeby Mike McCune – The time-tested fundamentals taught in economics classes everywhere are missing to support the recent rises across the globe. Anyone who would have invested with the fundamentals so twisted would have been flunked by every professor I ever had. The cost per dividend is too high. The capital gains, unless [...]

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Americans to pay more for goods to help bail out Europe

by Matt Lacy – The Federal Reserve announced it will crank up the printing presses to provide Europe with billions of dollars to prop up their economy, a move critics say will result in Americans paying more for services through inflation. The Federal Reserve announced it, along with five other central banks will make it [...]

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Candidates tell protestors government to blame for economy, not Wall Street

by Jack Minor –   At this week’s Washington Post debate,Republican candidates made it plain they believe the state of the economy is to be laid squarely at the feet of the federal government. Members of “Occupy Wall Street” have been protesting in Denver, Los Angeles, New York and other cities blaming banks and Wall [...]

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The end seems near as Europe and Asia fall apart

America swings like it was 1928 -by Mike McCune   -  President Barack Obama and Federal Reserve Chairman Ben Bernanke are like a pair of hands. They don’t wash each other but they do grease each other. It is too bad for the other 308 million Americans their antics are also greasing the tracks under the [...]

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The Rant

By Mike McCune Sometimes I wonder if economists today weren’t part of Jim Jones’ original followers. If they weren’t they are at least guilty of drinking the Kool-Aid of Washington DC and causing the demise of the United States.   Economists, as a group, tend to spout fairy-tale figures and expectations for the American consumer to [...]

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The Rant

Mike McCuneAmericans have been told by the national government that the recession ended in June 2009. Last month the Department of Labor proudly announced its unemployment measure had dropped to 9% and the Administration hailed this as proof its’ economic plan is working. The Federal Reserve at its January meeting stated the economy was growing [...]

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Federal Reserve attempting to crank up inflation

Story and photo By Jack Minor The Federal Reserve announced it would purchase almost $60 billion U.S. Treasury Securities to monetize the national debt in a move that critics say could decrease the value of personal wealth by 20 percent. In announcing the purchase, the Fed stated that inflation has decreased recently, “Longer-term inflation expectations [...]

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The Rant

Guest Column By Mike McCune President Obama recently put into his remarks to a high school graduating classes  about the need of “being careful how you read things because there is a lot of misinformation out there.” He should know better than anyone in America because he spreads more micro-managed manure every time he opens his mouth than [...]

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The Rant

Guest Column By Michael McCune As almost every American knows, the official national debt touted by Washington is but a portion of the true governmental debt, much like the Permanent Social Security Trust Fund is phony in that Congress tapped the till and put in IOUs for decades to make current deficit numbers more manageable. [...]

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