Tag Archives: Federal Reserve

In the battle for the economy the consumer is the loser

Rising Markets, Bad Jobs Report Conflict Economy Analysis The American economy has a split personality and that spells trouble for everyone–but most particularly the bureaucratic elitists and those dependent on that system.   In the Red corner there is the … Continue reading

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FBI: Law enforcement no longer top priority

In what could be an ominous sign, the FBI has announced on their website that they are no longer focusing on law enforcement as their primary mission, but are instead joining the war on terror.   The change was noted … Continue reading

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Banks Disappear In Economic Weakness

By Mike McCune —   To paraphrase President Obama, “I took my eye off the [real economic] ball.” For that I apologize to Rant readers.   While trying to keep up with the messes scattered by this Administration–Benghazi, NSA, IRS, Syria, … Continue reading

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Wall Street Anticipates Fed’s Support

by Mike McCune —   The Federal Reserve is about to open meetings today. That explains the stock surge yesterday. Wall Street is paralyzed and needs Ben Bernanke’s unconditional support.   But a warning label came from one of the … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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.   … Continue reading

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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 … Continue reading

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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 … Continue reading

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Markets drop across Europe and U.S.

by 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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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

By 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. … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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The Rant

by 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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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The end seems near as Europe and Asia fall apart

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 … Continue reading

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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, … Continue reading

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The Rant

Americans 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 … Continue reading

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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. … Continue reading

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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 … Continue reading

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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 … Continue reading

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