![]() | President Obama took his declining dollar to the Asia-Pacific economic conference, and he added to it a declinist opinion of America’s economy. His big message? Don’t count on American consumers to lead the world from recession to recovery and beyond. His second big message? In the U.S., we must save more and spend less. » Read more |
![]() | Investors and political analysts should keep a sharp eye on the congressional assault on Federal Reserve independence. This is a transparent effort by members of Congress to use the financial-reregulation bills as a means of applying political leverage to stop the Fed from any 2010 midterm-election-year exit strategies that might raise the federal funds target rate, stop the purchases of mortgage-backed bonds, and drain cash from the economy. » Read more |
![]() | While the stock market is cheering easy money, the cheering is very short-sighted. I wouldn’t buck the tape, but I regard the Fed’s policy as a storm cloud over stocks and the future economy. » Read more |
![]() | President Obama and Nancy Pelosi got their ears pounded back over big spending, taxes, the health-care takeover, cap-and-trade, and well, the fact that government is getting too darned big under this crowd in Washington. » Read more |
