Janet Yellen believes rising inflation will lead to lower unemployment. But what we've learned over past decades is the reverse: Lower inflation leads to lower unemployment.» Read More
You don’t hear many references to the New Testament in financial journalism these days. Maybe that’s part of the problem. Larry Kudlow is a notable exception. Over the past week in the midst of numerous pieces of bad news, Larry has made continual reference to ‘financial mustards seeds of hope’ in our financial markets.
President Obama’s negative attacks on Republican Mitt Romney are failing because voters are looking for optimism, former Virginia Gov. James Gilmore said Thursday on CNBC.
A decades-long decline in the American middle class requires serious, long-lasting measures, former Democratic strategist James Carville told CNBC on Friday.
Don't believe the news stories saying the FASB suspened or loosened the accounting rule.
A news report published Thursday found Mitt Romney had remained the head of Bain Capital three years longer than he had told the Securities Exchange Commission, sparking accusations between campaign staffers for the Republican and President Obama.
I know that you’re deluged with people who are sure that they see what’s wrong and what should be done. As for me, I’m not remotely sure, but I’ve looked at the data and read the plans and chewed it over and (yes, I’m not ashamed to say) prayed it over.
Former Secretary of State Condoleezza Rice “brings gravitas” and would be a “qualified” vice presidential candidate, House Majority Leader Eric Cantor said Wednesday on CNBC.
The Fed has not been particularly agile. Today’s rate cut was late and small. Really, the cut was not actually a cut at all. Bernanke had already been pumping enough money into the system to lower the rate at least to 1.5%.
There is a unique, structural imbalance in the U.S. economy, former Federal Reserve Chairman Alan Greenspan said Wednesday on CNBC.
Forget the pundits — look at what happened to the Intrade political futures market, tracing Sarah Palin withdrawal futures in real time, as Palin debated Joe Biden. They are now lower than Biden withdrawal futures. When people have their money on the line, they think a little more clearly, in my experience. Palin did well.
Expiration of the Bush-era tax cuts for annual incomes above $250,000 in a weak economy will translate to layoffs, Sen. Jim DeMint claimed Tuesday on CNBC.
A Louisiana political wag famously said “Vote for the adulterer; it’s important’. He was referring to a congressional face off between a highly corrupt machine politician, and a reformer who had once consorted with prostitutes.
I just got off the phone with Ed Lazear (Chairman of the President's Council of Economic Advisors), and he made a good case for the severity of the crisis, esp. negative interest rate on t bills.
President Obama is presiding over an economic recovery that is “dead last in the modern era,” Texas Congressman Kevin Brady said Friday on CNBC.
Did we think that changing those rules in a flurry of legislative retribution would not have tremendously disruptive effects on those balance sheets?
Mitt Romney needs to “give people a choice” to succeed in his White House bid against President Barack Obama, former Mississippi Gov. Haley Barbour said Thursday on CNBC.
I’m sure you haven’t forgotten, but today is 9/11. Ordinary people remember even if the media elite will give this anniversary small coverage.