By Andy Sutton
It is my belief that as the headlines continue to roll in about fiscal woes from sea to shining sea that we are going to get a full appreciation for the fraud that has been perpetrated on the American people in the form of the ‘economic recovery’ that the media has been stumping for since the middle of 2009. This ‘wag the dog’ type undertaking has been about confidence, perceptions, Read More »
US, British and French Military Advisers Have Landed in Libya’s Province, Cyrenaica?- DEBKA File
Psst. No Shutdown During a ‘Government Shutdown’ – AP/Yahoo
If the Saudis Revolt, the World’s in Trouble - Telegraph
Big Labor’s Last Stand – Real Clear Markets
Spinning Us to Death – National Interest
Last week, a bit of news came out that—weirdly—didn’t garner the attention or the reaction one would have thought it would:
The U.S. Federal government deficit for fiscal year 2011 was revised to $1.645 trillion. That revision was up from the previous estimate of $1.4 trillion, which itself was a revision just a couple-three weeks ago by the Congressional Budget Office from the White House’s earlier projection Read More »
Obama Aides Say Social Security No Risk to U.S. Finances Amid Deficit Spat – Bloomberg
British Motorists Facing $9 a Gallon at the Pump, Including Taxes, Due to Libya Crisis – Telegraph
Goldman Sachs’s Suspicious Spending Call – Investor’s Business Daily We Might Believe Some of This, If It Wasn’t from Goldman
How to Rebuild U.S. Infrastructure From the Ground Up – Atlantic
Crony Capitalism Again – Fox Business News
By Jack Kneafsey
All throughout this long period of high unemployment, there have been many comments made and questions raised about whether the ability to receive an unemployment check actually removes the necessary incentives for an unemployed person to seek out a new job. The jury is still out on this, but there certainly is enough evidence to suggest that this safety net does hinder that search.
Now, according to The Fiscal Times, it Read More »
Frankly, this all sounds rather militant-like and rather disturbing, even scary! This is the President, whose staff responded, when asked why this administration had not spoken out about the current events in Libya, that the President was very busy and there were scheduling problems. Well, I guess we now know what this President views as more important—being the leader of our country and the free world, or focusing on his re-election campaign.
Also, Read More »
Why the Disruption of Libyan Oil Has Led to a Price Spike – NY Times
How Politicians and Union Leaders Have Scammed Taxpayers and Public Employees – Chicago Tribune
Democrats Just Don’t Understand the New Populism – Washington Examiner
With Unions, Follow the Money – Real Clear Markets
Food Companies: We’re Going to Start Raising Prices – Moneywatch
By Bill Bonner for The Daily Reckoning
How the Rising Oil Price Might Affect the US Economy
We don’t especially like numbers here at The Daily Reckoning. You can’t trust them. But we follow a few of them anyway. Like these numbers…
107.01
12.70
The first number above is for the Dow. The second is for gold. They show us what happened in Wednesday’s trading. And, the first number was negative. The Read More »
AFL-CIO Chief: Raising Taxes Will Create Jobs – Yahoo What?
Foreclosure Homes Sold at 28% Discount Last Year as Supply Grew – Bloomberg
Useless U.N.: Another Joke – Pitts Tribune Review Totally Agree With this Comment!
Geithner Says U.S. Financial System Now Stronger Than Before Recession Hit – Bloomberg Not Sure About This!
An Ethics Lesson for Wisconsin Doctors Writing Fake Sick Notes – Fox News
By Karl Denninger for Market Ticker
Yes, you.
And Trichet, and the rest of the Central Bank fools.
But especially you, Bernanke.
There’s dumb and then there’s really dumb. Let’s take a short walk back down history lane.
You were sure there was no housing bubble.
Then you were sure it wouldn’t pop.
Then you were sure when the subprime problem hit, that it wouldn’t cause a recession.
Then you were sure you had it under control with Bear Stearns’ Read More »
