Posts Tagged ‘form’

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 Street’s unabashed fans, Jim Cramer of Mad Money. Cramer is convinced the market will be [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Will John Morse resign for the Party

by Craig Masters “We’ll go through these signatures with a fine-toothed comb,” Morse told the TV station KDVR. “and we’ll file some protests with the Secretary of State’s office because we know a lot of these signatures were gathered based on misinformation and lies.” A politician claiming only the opposition lies; what a surprise. It [...]

Tags: , , , , , , , , , , , , , , , , , , ,

America Gets More Empty Reports

by Mike McCune –   American market indexes reached all-time highs on April’s unemployment and jobs report today. The markets ignore corresponding reports showing service sector jobs are in retreat and factory orders showed the sharpest decline in seven months.(1)   How can the facts be reconciled?   The short answer is they can’t.   [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

The Rant – “Honor” Missing From U.S. Government

by Mike McCune –     What damages America more, manipulated inflation or higher tax rates? Both pluck wealth from America at a devastating pace.   Earlier this week the President made an impassioned plea to gain support for his budget proposal. He spouted numbers and data as if he knew exactly what he was [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Pediatrics Academy Supports Gay Marriage

by Mike McCune –   Let me be precise on my position on gay marriage: I abhor the concept with every fiber of my soul. That this is not a universally-supported position I understand but if it were, please explain how the human species would continue?   The feel-good children’s medical crowd disagrees with me and, [...]

Tags: , , , , , , , , , , , , , , , , , , ,

North Dakota outlaws abortions based on gender

Governor says time to test boundaries of the lawNorth Dakota’s governor has signed into law a series of pro-life bills that  he expects will be challenged, but he says the issues need to be decided. Today Gov. Jack Dalrymple signed the first three of the legislature’s  pro-life bills – less than 24 hours after they [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Almost a Fifth of U.S. Economy Moves Underground

by Mike McCune –     American over 30 know about the infamous Russian “Black Market” wherein the population did most of its food and illicit items trade. Since it was officially off-the-records by the government, but necessary to sustain the population, the term “Black Market” was applied.   It will not come as a [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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, [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Why Applaud Hollowness?

by Michael McCune –   Did you watch the State of the Union address? I didn’t. Instead I removed all the emotion of the moment and got a printed transcript of the speech the next day.   I do not think anyone would be surprised to learn that President Obama delivered nothing new in his [...]

Tags: , , , , , , , , , , , , , , , , , , ,

How to Simplify the Tax Season

by Michael McCune –   The normal person fears to tread the swampy ground of tax loopholes and deductions–that’s why the unofficial-official business of tax preparation and legal tax defense has been the biggest single growth sector since the 1950s.   Just to let you in on a little secret the government doesn’t want you to [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Marines – one of our own has been left behind!

by Craig Masters It might sound like a call to take matters into our own hands, and that’s just what it might take this time. But if the Mexican armed forces are armed with 60 year old Sears and Roebuck .410′s, I’ll lead this mission myself. After all, the Obama administration is so impotent in [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Fed Thinking Links Policy to Unemployment Rate

by Mike McCune –   Have A Happy Thanksgiving. The normal Friday Rant is replaced by this one, three days early, as we will be taking a long holiday break. See you again, Monday, Nov. 26–Mike   Richmond Federal Reserve President Jeffrey Lacker is known for swimming upstream against most of Chairman Ben Bernanke’s wild [...]

Tags: , , , , , , , , , , , , , , , , , , ,

D.C. Eyes Retirement Accounts To Meet Expenses

Debt, public debt to be exact, is no longer a problem in America–at least according to the Democrats following their big win last week. By their accounts the Earth’s orbit has been changed so we no longer need fuel to heat our homes and transfer goods and, yes indeedy, government debt no longer has to [...]

Tags: , , , , , , , , , , , , , , , , , , ,

The Rant – Not Solyndra-sized But Another Stimulus Black Eye

Solyndra was the first boondoggle of the stimulus. It wasn’t the biggest but it was the first and it demonstrated beyond a shadow of a doubt why government and business differ–business has a bottom line that must be in the black, government just throws money at things and has no bottom line.   The latest, [...]

Tags: , , , , , , , , , , , , , , , , , , ,

The Rant — Food Supply Not Keeping Pace with Demand

The United Nations just issued numbers on food inflation that contradicts Federal Reserve Chairman Ben “BS” Bernanke’s assessments. “Hunger Games” may not be just a movie much longer.   The UN food agency reported Friday that food prices are “rising again.” Old BS just began QE3 precisely because there was no movement in the economy and a little inflation couldn’t [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Job Market Improving? No, It’s Phony Figuring

I have often cited the various methods the government utilizes to keep the unemployment figure at a manageable level. Today, after the official unemployment rate fell to 7.8%, it became apparent just how blatantly political the process has become.   In September the U.S. economy added just 114,000 jobs. Just to keep up with population [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Poor Recovery Doesn’t Eliminate Recession Yet

by Mike McCune   Sometimes you have to wonder if Wall Street insiders are even aware of what is going on beyond Wall Street’s narrow perspective. The case in point is an article by Lawrence “Larry” Kudlow. (1)   In his written analysis, Kudlow admits the “‘fiscal cliff’ tax hike still hangs like the sword of [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Education System Has Failed, Drastic Change Needed

by Mike McCune –   School Time is Near! I can tell because of the “Back-to-School” ads everywhere. All it means is another nine-month sentence to boredom for our kids because they crtainly don’t have any need to learn in the current system.   America bemoans the lack of educational progress. Every state teaches kids [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Social Security Program A Lifetime Expense

by Mike McCune –   In 1975, during a sumptuous dinner with my grandparents, my grandfather was harping about the paltry sum he was receiving for Social Security. That led to a rather spirited argument because I vehemently disagreed with him for perhaps the first time in my life.   When the disturb meal was completed the debate [...]

Tags: , , , , , , , , , , , , , , , , , , ,

“Hobby Lobby got it right” group says

by Matt Lacy –   The head of an historical organization says Hobby Lobby was correct in its claims regarding America’s Christian heritage in a recent July 4th ad.   Hobby Lobby, a Christian based company which is closed on Sundays purchased a full page ad this year for Independence Day titled, “In God We [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

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 [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Bankrupt Municipalities But First Step in U.S. Debt Crisis

by Mike McCune –   As individuals, as a community, as business owners and workers, and as public employees we each have some difficult decisions to make in the near future. The unassailable problem is debt, public and private, that is threatening to overwhelm America. The problem simply cannot be moved down the road any [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Poor Reports Send Shock Waves Through Economy

by Mike McCune –   The Dow Jones Industrial Average soared more than 200 points Friday led by the financial sector. But missing was a solid reason for the move. If anything the DJIA should have been flat at best because a host of key reports were pending within hours.   Any one of those [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Housing Market Still Shaky, FHA Problems Multiply

by Mike McCune –   Over the past few months the media has been painting a rosy picture of the housing market. The Administration has been suspiciously quiet and reticent about the housing sector though. That means trouble somewhere.   It was the bursting housing market that initiated the economic downturn in October 2007. Those [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Weakening Oil Prices Demand Government Action

by Mike McCune –   World governments have not learned their lessons from 20th Century history. It is inevitable they will generate a conflict with “global implications” somewhere soon. The price of oil demands it.   Oil continues to fall on world markets, a sure sign of the depths of the slowdown in the global [...]

Tags: , , , , , , , , , , , , , , , , , ,

Weak Housing Market Extends Recovery Road

by Mike McCune   You have probably heard little from the housing market recently. Didn’t you know the housing market had “hit bottom” according to many Wall Street analysts and was no longer a concern?   Not so fast with all the loose talk of bottoming and rebounding. The housing market is still discovering new [...]

Tags: , , , , , , , , , , , , , , , , , , ,

March Jobs’ Report Contains Serious Understatements

by Mike McCune –   The disappointing March jobs’ report released on Good Friday started a new round of political bickering in Washington over the effect Barack Obama’s and Ben Bernanke’s policies have had for the past three years while the stock markets gave their first reviews of the report by slumping badly. The stench from an old, moldy, sewer [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Impending Volcker Rule Never Approved By Congress

by Mike McCune –   Governments continue to churn out regulations, many allegedly enacted to protect the average person from his greatest enemy–himself. Enforcement of the myriad regulations is becoming increasingly hard to achieve since there are many subtle conflicts within the regulations between various agencies, conflicts which can develop into major conflagrations. The regulation [...]

Tags: , , , , , , , , , , , , , , , , , , ,

Pain in Spain Comes Mainly From the Drain

by Mike McCune –   The sucking sound of money going into the debt wasteland is coming from Europe again. This time the sound has shifted to the Iberian Peninsula but it has a eerily familar sound and carries the same dire consequences as the put-off Greek tragedy. The only question for central bankers is [...]

Tags: , , , , , , , , , , , , , , , , , , ,