Blog Feed: Vigilant Grandpa

Peter schiff: Congress Avoids the Cliff by Selling Us Down the River

Published on 2013-01-05 15:44:00

U.S. Commercial Real Estate Loans Hit 10% Delinquency

Published on 2012-05-30 18:34:00

U.S. 10 Year Treasury Hits a Record Low Low yet...NEW YORK, May 30, 2012 /PRNewswire via COMTEX/ -- Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its May 2012 U.S. CMBS Delinquency Rate today (full report available Friday, June 1 at http://www.trepp.com/knowledge/research ). The delinquency rate for U.S. commercial real estate loans in CMBS jumped 24 basis points in May to 10.04%. In the process, t [..]

Sunday Comics: Time to Laugh a bit America

Published on 2012-04-15 12:29:00

Nancy Pelosi predicts Supreme Courtwill back healthcare law.Newt GingrichSelling Fundraising ListsNorth Korea Preparing for 2nd LaunchRush Limbaugh: CNN correspondentCarol Costello and anchorSuzanne Malveaux are "clucking hens"Did anyone notice my heartfelt and sincereapology to Sandra Fluke? Mitt Romney:Arizona immigration laws area model for our country.Newt Gingrich promises NRA that he'll takethe right to bear arms worldwideRush Limbaugh:CNN is leading a war on womenHilary Rosen:Ann Romne [..]

Hey Geraldo...Hoodies don't kill people

Published on 2012-03-27 17:24:00

“I think the hoodie is as much responsible for Trayvon Martin’s death as George Zimmerman was.”PoliticoBy MJ Lee3/27/12Geraldo Rivera is apologizing for his “hoodie” remarks about Trayvon Martin that touched off a media firestorm last week, saying, “I have obscured the main point that someone shot and killed an unarmed teenager.”“I apologize to anyone offended by what one prominent black conservative called my ‘very practical and potentially life-saving campaign urging blac [..]

The Daily Show's Senior Poverty Correspondent Takes on Newt Gingrich's Approach to Poverty

Published on 2011-12-15 18:14:00

Jon Stewart's Larry Wilmore, (Senior Black Correspondent), takes on a new role in this clip as Senior Poverty Correspondent and offers a humorous perspective on Newt Gingrich’s approach to poverty. The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

76% of Registered Voters Say Most Members of Congress Do Not Desrve Re-election (except for their representative)

Published on 2011-12-10 13:48:00

A substantial majority of Republican (75%), independent (82%), and Democratic (68%) voters agree that most members of Congress do not deserve re-election -- a sign of rare consensus about the legislative body in which both parties currently hold a leadership stake.But Yet, 53% Say Their Representative Deserves to be Re-electedGallupBy: Frank Newport12/9/2012PRINCETON, NJ -- About three-quarters of registered voters (76%) say most members of Congress do not deserve re-election, the highest such p [..]

Jon Stewart on Donald Trump: Da Best Debate Guy Ever

Published on 2011-12-10 13:32:00

Jon Stewart on Donald Trump moderating a Republican Presidential candidate debate. If Donald does not like the candidates responses, he might run for President. As if our political system was not already a mockery.The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

Macho UC Davis Police Show Their Small Town Style By Pepper Spraying Peaceful Protestors

Published on 2011-11-19 14:27:00

Welcome to Davis, CaliforniaDavis is noted for its desirable quality of life, its seeming small town atmosphere, and an emphasis on parks and open spaces. Davis is also known for its innovation in all aspects of community life as a leader in fostering and implementing non-traditional approaches to traditional problems. Known as an environmentally aware and socially innovative city...UC Davis Police Fostering Non-Traditional Approaches to Traditional ProblemsOur continuing commitment to the deliv [..]

Hypocrisy (Greg Hunter) "I AM NOT MOVING"

Published on 2011-11-08 18:30:00

Welcome to U.S. Hypocricy At It's Finest WorstMuch thanks to Greg HunterUSA Watchdog11/8/11Haven’t heard much about Occupy Wall Street (OWS) lately, but it is still going on. The official premise is to protest greed and corruption on Wall Street. Unofficially, I think it is a bunch of people who have awoken to the fact they have been financially screwed. Yes, I know the Communist party, Nazi party and unions are all trying to hijack and latch onto this movement, but I think, at its heart, it� [..]

Congress Approval Rating ONLY 5 Points Higher than Anthony Weiner's Sex Texting Scandal

Published on 2011-10-12 17:42:00

...and that I will well and faithfully discharge the duties of the office on which I am about to enter: So help me God.Even at his lowest point, George Bush was 54% better than you!In November 2008, just before the presidential election, only 20 percent approved of the job George Bush was doing as president - the lowest of any president since Gallup began asking the question in 1938.In a recent poll, Anthony Weiner had an abysmal 8-percent approval rating among registered voters.GallupBy Lydia S [..]

Herman Cain has it all figured out; the loser unemployed are to blame

Published on 2011-10-08 13:50:00

“Don’t blame Wall Street,” Cain told The Wall Street Journal this week. ”Don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself!”"I don't have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration."Pillsbury appointed Cain as President and CEO of Godfather's Pizza. Aiming to cut costs, Cain, over a 14-month period, reduced the company [..]

Take the Eric Cantor, "What is a Mob Test?"

Published on 2011-10-08 11:04:00

Washington PostBy Jonathan CapehartOctober 7, 2011 "If you read the newspapers today, I, for one, am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country. And believe it or not, some in this town, have actually condoned the pitting of Americans against Americans. But you sent us here to fight for you and all Americans."According to Mr. Cantor ($7.8 mil net worth), a mob is..."Pitting Americans against Americans""you sent us here to fight for [..]

Four Biggest Banks Have a 50 to 1 Leverage and $235 TRILLION Exposure & Who Cares About the Grandkids...

Published on 2011-10-03 20:08:00

Okay, like we realy care about about the grandkids...USA WatchdogBy Greg HunterOctober 3, 2011I keep hammering away at the fact the Fed doled out $16 trillion in the wake of the credit crisis of 2008. This is an enormous sum that is greater than the all goods and services produced in the U.S. in a single year. Domestic banks and companies got the money, right along with foreign banks and companies. In effect, the Federal Reserve bailed out the world financial system. Now, we are right back to [..]

81% of Americans Would Throw Congress Overboard

Published on 2011-09-27 12:57:00

Record-high 81% of Americans are dissatisfied with the way the country is being governed16 days since returning from their August 8th to September 5th "recess," Bipartisan Bickering continues as they prep for their recess cocoon September 26th to October 5th...oh, by the way, they will be on recess again from Ocotber 17th to Ocotber 23rd. This is "representation" at a $174,000 annual salary...GallupBy Lydia SaadSeptember 26, 2011PRINCETON, NJ -- A record-high 81% of Americans are dissatisfied wi [..]

Greeks Buy Time for Insolvent Bankers and Delusional Politicians (John Browne)

Published on 2011-07-05 18:18:00

Euro Pacific CapitalBy: John Browne Tuesday, July 5, 2011Last week, the Greek parliament voted by a narrow margin to pass an economically crippling austerity plan of some $40 billion in return for some $159 billon of fresh liquidity injections. Altho

John "I reject the word compromise" Boehner Responds to Obama's Fruitless Invitation

Published on 2011-07-05 17:36:00

Now Remember Grandchildren, These Are Professionals. Do Not Attempt Any of This At Home.Washington (Jul 5) House Speaker John Boehner (R-OH) today issued the following statement after President Obama discussed his request for an increase in the natio

7 Reasons Why America Needs a Good Depression NOW (Paul Farrell)

Published on 2011-07-05 17:19:00

On Behalf of Grandchildren Everywhere...Thank You Mr. FarrellMarketWatchBy: Paul B. FarrellJuly 5, 2011SAN LUIS OBISPO, Calif. (MarketWatch) — No, do not raise the debt-ceiling. You heard me: Block the debt ceiling vote. Don’t raise it. America

Geithner might be leaving and it took The Onion for Grandpa to realize I have been a bit hard on "The Geithner."

Published on 2011-07-04 16:09:00

Word on the street is that Turbo Tax Timmy is considering leaving his position as Treasury Secretary albeit: “I live for this work,” he said at the Clinton Global Initiative in Chicago. “It’s the only thing I’ve ever done. I believe in it.

Obama (scolder-in-chief) Packs his Bags for a Camp David Vacation

Published on 2011-07-03 13:04:00

“You need to be here. I’ve been here. I’ve been doing Afghanistan and bin Laden and the Greek crisis.” Capitol Hill BlueBy: Doug ThompsonJuly 1, 2011After scolding Congressional Republicans for failing to work hard at resolving the debt crisi

Grandpa's Suggested Reading For All Politicians

Published on 2011-06-30 14:26:00

Sorry, Geithner and Bernanke used up everytear-out check to pay for your fiscal ineptitudeWhen you hand a lobbyist a cookie...Grandchildren know full well that it'sbroken and both red and blue statestook their eye off the ballNuff Said...Horton is la

Bernanke, you have a sacred obligation to continue faking it (Bill Frezza)

Published on 2011-06-28 18:32:00

Ben, you have a sacred obligation to continue faking it.Nobody will think less of you if you just brazen it out.ForbesBy: Bill FrezzaJune 28, 2011The United States economy has weathered countless panics, bubbles, and recessions throughout its history

Senator Bernie Sanders: Letter to President Obama (Sacrifice Sharing)

Published on 2011-06-27 17:31:00

June 27, 2011Dear Mr. President,This is a pivotal moment in the history of our country. Decisions are being made about the national budget that will impact the lives of virtually every American for decades to come. As we address the issue of deficit

MN "Leaders" Enter Their Cone of Silence after a 75 Minute Meeting

Published on 2011-06-27 07:40:00

After a 75 minute meeting, the best and the brightest MNElected "Representatives" didn't say when negotiations would resume.Pioneer PressBy: Dennis LienJune 26, 2011Budget talks between Democratic Gov. Mark Dayton and Republican legislative leaders e

Michele Bachmann: handle our debt like an interest only mortgage

Published on 2011-06-26 16:27:00

"Geithner can very simply pay the interest on the debt first, then we're not in default."By Douglass K. DanielJune 26, 2011WASHINGTON (AP) — On the eve of her entry into the 2012 GOP presidential race, Rep. Michele Bachmann said "scare tactics" are

The Fed is discriminating against the elderly (David Merkel)

Published on 2011-06-25 10:08:00

it is reasonable to call Bernanke the enemy of savers, because he is the enemy of saversWall Street PitBy: David MerkelJune 24, 2011Today, Charles Rotblut, CFA who is the AAII Journal Editor wrote:Federal Reserve Chairman Ben Bernanke continues

John McCain: Substantial Evidence Illegal Immigrants Set AZ Fires

Published on 2011-06-21 08:40:00

"substantial evidence that some of these fires have been caused by people who have crossed our border illegally..."The GuardianBy: Mark SmithJune 21, 2011The former Republican presidential candidate John McCain has been accused of "scapegoating

17 Percent of Americans Approve of Congress' Job (including grandchildren, approval rate drops to 3%)

Published on 2011-06-20 07:56:15

Gallup By: Jeffrey M. Jones June 17, 2011 PRINCETON, NJ -- Seventeen percent of Americans approve of the job Congress is doing, down seven percentage points from May's 24% approval rating, but similar to where it was in March and April. Congress' ap

17 Percent of Americans Approve of Congress' Job (including grandchildren, approval rate drops to 3%)

Published on 2011-06-20 07:56:00

GallupBy: Jeffrey M. JonesJune 17, 2011PRINCETON, NJ -- Seventeen percent of Americans approve of the job Congress is doing, down seven percentage points from May's 24% approval rating, but similar to where it was in March and April. Congress' approv

The Extinction of Retirement (Michael Pento)

Published on 2011-06-19 15:03:24

As of this writing, the S and P 500 is now no higher than it was in January of 1999. For over 12 years the major averages have gone nowhere in nominal terms and have declined significantly in real (inflation adjusted) terms. The dreams of becomi

The Extinction of Retirement (Michael Pento)

Published on 2011-06-19 15:03:00

As of this writing, the S and P 500 is now no higher than it was in January of 1999. For over 12 years the major averages have gone nowhere in nominal terms and have declined significantly in real (inflation adjusted) terms. The dreams of becomi

New Jersey's "Liberty and Prosperity" Motto...Gov Christie Defines Prosperity as $118+ per Week

Published on 2011-06-12 16:10:13

A single mother raising three kids on a weekly salary of $118 will no longer be eligible to take advantage of the medical social safety net should she fall ill. As if Governor Christy comprehends a $118 week salary givenhis salary of $3,365 per week.

New Jersey's "Liberty and Prosperity" Motto...Gov Christie Defines Prosperity as $118+ per Week

Published on 2011-06-12 15:55:00

A single mother raising three kids on a weekly salary of $118 will no longer be eligible to take advantage of the medical social safety net should she fall ill.As if Governor Christy comprehends a $118 week salary givenhis salary of $3,365 per week.F

Wall Street Banks Still Whining (Kevin Drum-Mother Jones)

Published on 2011-06-12 09:04:30

Regulators aren't saying that mortgage originators can't make any kind of loan they want. 20 percent down, 10 percent down, 5 percent down, whatever. Go to town. What they are saying is that if mortgage loans are bundled up into securities and

Wall Street Banks Still Whining (Kevin Drum-Mother Jones)

Published on 2011-06-12 09:04:00

Regulators aren't saying that mortgage originators can't make any kind of loan they want. 20 percent down, 10 percent down, 5 percent down, whatever. Go to town. What they are saying is that if mortgage loans are bundled up into securities and

Bernanke is Hopelss (Michael Pento)

Published on 2011-06-09 07:18:55

But Bernanke actually believes that high oil prices drive the dollar lower, not that dollar destruction drives commodity prices up. Euro Pacific Capital By: Michael Pento June 8, 2011 Mr. Bernanke appears to be getting either worse at economics or

Bernanke is Hopelss (Michael Pento)

Published on 2011-06-09 07:18:00

But Bernanke actually believes that high oil prices drive the dollar lower, not that dollar destruction drives commodity prices up. Euro Pacific CapitalBy: Michael PentoJune 8, 2011Mr. Bernanke appears to be getting either worse at economics or bette

Wall Street Banks Pay $50 million To Deal with Guilt Pre-Memorial Day 2011

Published on 2011-05-30 16:53:42

It's All Better Now that The Big Wall Street Banks have Apologized...NOT!!!4,454 soldier deaths in Iraq, 1,598 in Afghanistan andJamie (I missed the Vietnam draftby 3 years) Dimon deeply apologizes... By Justin Blum May 26 (Bloomberg) -- Bank of A

Wall Street Banks Pay $50 million To Deal with Guilt Pre-Memorial Day 2011

Published on 2011-05-30 16:53:00

It's All Better Now that The Big Wall Street Banks have Apologized...NOT!!!4,454 soldier deaths in Iraq, 1,598 in Afghanistan andJamie (I missed the Vietnam draftby 3 years) Dimon deeply apologizes...By Justin BlumMay 26 (Bloomberg) -- Bank of Americ

Fannie and Freddie Owe Our Grandchildren $134 Billion While Executives Make Millions

Published on 2011-05-30 14:36:36

The FHFA has defended executive pay at Fannie and Freddie in the past by saying the salaries were necessary to recruit and retain talented executives who can run big, complex companies. The Center for Public Integrity By: John Solomon and Julie Vor

Fannie and Freddie Owe Our Grandchildren $134 Billion While Executives Make Millions

Published on 2011-05-30 14:36:00

The FHFA has defended executive pay at Fannie and Freddie in the past by saying the salaries were necessary to recruit and retain talented executives who can run big, complex companies. The Center for Public IntegrityBy: John Solomon andJulie VormanM

Blatant Mortgage Document Fraud: Linda Green, Come Out..Come Out Wherever You Are.

Published on 2011-05-27 09:05:59

Thanks to and a hat tip for Jim Sinclair for the Channel 7 WHDH investigative reporting on blatant morgtgage document fraud. You can see they're all the same name - but they're not written by the same person. "So what does that mean?" John O'Brien, R

Blatant Mortgage Document Fraud: Linda Green, Come Out..Come Out Wherever You Are.

Published on 2011-05-27 09:05:00

Thanks to and a hat tip for Jim Sinclair for the Channel 7 WHDH investigative reporting on blatant morgtgage document fraud. You can see they're all the same name - but they're not written by the same person. "So what does that mean?" John O'Brien, R

Early Childhood Prgrams At Risk...But not Oil Company $2 billion per Year Tax Breaks

Published on 2011-05-21 15:51:46

Wonder the Result if Pre-School Children had a Say in Who Goes to Washing D.C. as an "Elected Representative?" News Observer By: David T Taylor Jr. 5/20/2100 GOLDSBORO -- Ben Bernanke, chairman of the Federal Reserve, recently pointed to the b

Early Childhood Prgrams At Risk...But not Oil Company $2 billion per Year Tax Breaks

Published on 2011-05-21 15:51:00

Wonder the Result if Pre-School Children had a Say in Who Goes to Washing D.C. as an "Elected Representative?"News ObserverBy: David T Taylor Jr.5/20/2100GOLDSBORO -- Ben Bernanke, chairman of the Federal Reserve, recently pointed to the benefit

IRS Extends Home Energy Credit to a 3 Year old

Published on 2011-05-20 14:15:04

Center for Public Integrity By: Laurel Adams May 19, 2011 Stimulus-funded tax credits for home owners making energy efficient upgrades caught on quickly—more than 6.8 million individuals claimed over than $5.8 billion in residential energy credits

IRS Extends Home Energy Credit to a 3 Year old

Published on 2011-05-20 14:15:00

Center for Public IntegrityBy: Laurel AdamsMay 19, 2011Stimulus-funded tax credits for home owners making energy efficient upgrades caught on quickly—more than 6.8 million individuals claimed over than $5.8 billion in residential energy credits on

Dylan Ratigan: Deployed Military Members Being Denied Housing Aid

Published on 2011-05-14 15:54:00

Dylan Ratigan ShowMay 13, 2011Members of deployed military missing a deadline to apply for assistance because they are dodging bullets and improvised explosive devices. Don't you know every hypocritical Washington D.C. politician will make the m

Social Security Projected to Run Dry In 2036 and Other U.S. Misplaced Priorities

Published on 2011-05-14 14:43:00

Social Security trust funds are projected to be drained in 2036United States Misplaced Priorities$1 Trillion and Counting $138 Billion and Counting $2 Billion in Tax Breaks AnnuallyBillions in Corporate Tax Breaks.Bank of America makes

Ominous-Looking Market Top (Comstock Partners)

Published on 2011-05-14 12:09:00

All in all, both fundamental and technical factors point to a coming major decline in stock prices at a time when the majority is still bullish andcontrary to conventional wisdom market valuations are historically high. Comstock PartnersMay 12, 2011T

Debt Ceiling...? We Are Already Defaulting (Jacob Hornberger)

Published on 2011-05-14 11:51:00

By: Jacob Hornberger The Future of Freedom FoundationMay 11, 2011 The doomsday crowd claims that the sky will fall in if Congress fails to raise the debt ceiling. If the ceiling isn't raised, they say, the federal government will be forced to default

Tim Geithner Antsy to Crank Up Money Printing Machines

Published on 2011-05-14 11:26:00

"A default would inflict catastrophic, far-reaching damage on our Nation's economy, significantly reducing growth, and increasing unemployment."The Wall Street JournalBy: Damian Paletta5/14/2011WASHINGTON—Treasury Secretary Timothy Geithner warned

The Fine Folks at Fannie Mae Lose another $6.5 Billion and Reach Into the Taxpayers' Pockets for Another $6.2 Billion

Published on 2011-05-07 11:21:00

The federal government has committed unlimited sums to prop the companies up and keep mortgage markets fromcollapsing. So far, taxpayers are on thehook for around $138 billion, with$86 billion for Fannie and $52 billion for Freddie. (Meanwhile,

The itsy bitsy $SPDR went up the water spout. It's okay now, the spout is clear...

Published on 2011-05-06 13:43:00

The itsy bitsy $SPDR went up the water spout.Down came the flash crash pain, and washed the spider out.Up came the Bernank, and dried up all the pain,and the itsy bitsy SPDR went up the spout again.Happy Anniversary Flash Crash5/6/11Themis Trading, L

Mc Rescue as Ronald McDonald Throws the Middle Class a Lifeline (Michael Pento)

Published on 2011-05-04 15:17:00

The middle class has been thrown a lifeline from Ronald McDonaldWednesday, May 4, 2011 Euro Pacific CapitalBy: Michael Pento The non-manufacturing portion of the U.S. economy dropped precipitously in the month of April. According to the ISM Index, th

4 Kent State University Students Killed 41 Years Ago Today...DO NOT FORGET THEM AMERICA

Published on 2011-05-04 12:14:00

Not one of America's finer moments. 67 Shoots fired in 13 Seconds4 Kent State Students Killed by TroopsKent, Ohio, May 4, 1970 -- Four students at Kent State University, two of them women, were shot to death this afternoon by a volley of Nationa

Will Obama tell us to keep shopping? (Dylan Ratigan)

Published on 2011-05-04 10:29:00

Huffington PostMay 4, 2011By Dylan RatiganIt's hard, even today, to really remember the carnage of 9/11, the sense of piercing fear in what had been a placid lake of prosperity. At that moment, anything great and anything terrible was possible. Peopl

Homeland Security's 2012 Budget Greater than GDP of 132 Countries

Published on 2011-05-03 11:28:00

Over the decade, the department alone has spent more than $424 billion. Today it employs 216,000 people."Lawmakers largely served as a rubber stamp for any budget that had to do with security" Grandpa:One can only wonder if 1/2 of the Homeland Securi

Millions Set to Lose Unemployment Benefits, Don't Worry, McDonald's Hired 62,000 in One Day, Well Yippee!!

Published on 2011-05-01 11:57:00

Labor Secretary Hilda Solis "We still have a ways to go..."As of March, about 14 million people were unemployed and looking for work, according to the household survey.The Wall Street JournalBy Mark WhitehouseApril 30, 20115.5 million: Americans unem

Donald Trump receives a mini roast courtesy of President Obama

Published on 2011-05-01 07:58:00

President Obama turns the tables on Donald Trump during the White House Correspondents' dinner. Yes, President Obama has a sense of humor. If we could only "roast" our way out of Iraq and Afghanistan.

Ron Paul Tells Dylan Ratigan: Bernanke Destined to Destroy Value of the U.S. Dollar

Published on 2011-04-29 12:53:00

April 27, 2011The Dylan Ratigan ShowRon Paul tells Dylan Ratigan that Ben Bernanke and the Federal Reserve are simply incapable of turning the economy around. He also states that Bernanke's support of a strong dollar policy is just talk. Particularly

Bernanke's Strong Dollar Policy (Michael Pento)

Published on 2011-04-29 12:33:00

U.S. dollar has lost 40% of its purchasing power as measured against a basket of foreign currencies in the last decade alone.Thursday, April 28, 2011 Euro Pacific CapitalBy: Michael Pento Thank God the Fed has a Strong Dollar PolicyThe Fed has kept i

Herb Greenberg calls out Stock Analysts: Too Scared or Too Stupid for Sell Ratings?

Published on 2011-04-28 09:17:00

So far this year, with the S&P 500 at 1,337, a mere 338 of 10,557 rankings or 3.2 percent received outright sells. CNBC Stock BlogBy Herb GreenbergApril 28, 2011Among the long-running jokes to those of us watching Wall Street: Analysts almost nev

My Invitation to Bernanke's Press Conference (Michael Pento)

Published on 2011-04-27 07:16:00

Tuesday, April 26, 2011 Euro Pacific CapitalBy: Michael Pento Fed Head Bernanke will say in his first press conference tomorrow that QE II will end as scheduled in June. The Chairman will also stipulate that he will maintain the size of the Fed’s b

States Pension Gaps Exceed $1.25 trillion

Published on 2011-04-26 08:05:00

By: Lisa LambertApril 26, 2011(Reuters) - States are short $1.26 trillion in paying for public employee pensions and other retirement benefits, a gap that grew 26 percent in one year and will take many more years to wipe out, according to a report re

In foreclosure? If the bank can't find you, the bank may choose your lawyer.

Published on 2011-04-26 07:40:00

While he was deployed overseas, a court-appointed attorney represented him in a foreclosure lawsuit he says he knew nothing about.The Tampa TribuneBy Shannon BehkenApril 26, 2011TAMPA - When a lender fails to find a homeowner to notify them of a fore

The Negative Consequences Of Ending QE2 (Comstock Partners, Inc.)

Published on 2011-04-22 19:21:00

Comstock Partners4/21/2011We cannot overemphasize the potential negative effects associated with the probable ending of QE2 at the end of June. QE2 is the Fed's unprecedented attempt to get the faltering economic recovery growing again in the absence

Inflation Destroys Real Wages (Michael Pento)

Published on 2011-04-20 06:10:00

By: Michael Pento Euro Pacific CapitalMonday, April 18, 2011 In the same vein as medieval physicians believed bloodletting would cure illness, modern snake-oil economists still perilously cling to their claim that rising wages and salaries are the ca

Late to The Party…Once Again (Peter Schiff)

Published on 2011-04-19 17:01:00

By: Peter Schiff Euro Pacific CapitalMonday, April 18, 2011 The only thing more ridiculous than S and P’s too little too late semi-downgrade of U.S. sovereign debt was the market’s severe reaction to the announcement. Has S and P really added any

Goodbye Middle Class (Michael Pento)

Published on 2011-04-15 20:24:00

But please keep in mind; this is what is is known as a recovery in the eyes of our government.Thursday, April 14, 2011 Euro Pacific CapitalBy: MIchael Pento Surprise! Bernanke now has to make a difficult choice. Despite the Fed’s best laid plans, i

United States of America is awash in wealth...BUT...(Institute for Policy Studies)

Published on 2011-04-10 13:41:00

Reversing tax giveaways to the super-rich and the nation's largest corporations could raise $4 trillion within a decade and avert possible government closures.Institute for Policy StudiesBy: Chuck Collins, Alison GoldbergScott Klinger and Sam Pizziga

U.S. Spends 141% More on Health Care: $7,538 per person

Published on 2011-04-09 15:14:00

We Spend Twice that of Germany and Yet They Outlive us by 2.3 YearsLächerlich!The Wall Street JournalBy Mark WhitehouseApril 9, 2011141%: How much more the U.S. spends on health care, per person, than the average OECD nationAt a time when politician

Bernanke insists on perpetuating this phony recovery (Michael Pento)

Published on 2011-04-09 13:44:00

Bernanke and Co. prefer to play politics instead of doing what’s correct.Thursday, April 7, 2011 Euro Pacific Capital, Inc.By: Michael Pento First time jobless claims dropped by 10k for the week ending April 2nd. But this again was only accomp

Comstock Partners: investors are in a state of denial, ignoring all of the bad news that is certainly no secret, Looks like 2000/2007 Part Deux

Published on 2011-04-09 13:37:00

The spread between the percentage bullish and the percentage bearish soared to 41.6, the widest since October 2007, when the market peaked. Comstock Partners, Inc.April 7, 2011In both late 1999 and 2007 we warned against the mentality that caused inv

John Boehner (I reject the word compromise) would still be paid if government shuts down

Published on 2011-04-07 16:44:00

Unlike the president and legislators, military personnel and essential federal employees who stay on the job would have to wait until government spending authority is restored to get salaries and wages. By Julianna GoldmanApril 7 (Bloomberg) -- As to

GDP Estimates Coming Down (Michael Pento)

Published on 2011-04-06 07:09:00

Goldman Sachs Cuts Q1 GDP EstimatesTuesday, April 5, 2011 Euro Pacific CapitalBy: Michael Pento The Pollyannas that were busy doing their linear projections for U.S. GDP back in 2010, were telling investors that the first quarter of 2011 would produc

Minneapolis Fed. Reserve President Narayana Kocherlakota: housing market has become overly dependent on government guarantees

Published on 2011-04-05 16:07:00

Federal Reserve Bank of Minneapolis president Narayana Kocherlakota: mortgage interest tax deduction encourages people to take on large amounts of debt, instead of saving.(Mr. Kocherlakota, Barney Frank is holding...)Star TribuneBy: Chris SerresApril

Core Incompetency (Michael Pento) and the U.S. Dollar Is in Free Fall

Published on 2011-04-04 20:20:00

Euro Pacific CapitalBy: Michael PentoApril 4, 2011For years the Federal Reserve has told us that in order to detect inflation in the economy it is important to separate “signal from noise” by focusing on “core” inflation statistics, which exc

Obama could raise $1 billion for re-election ("yes we can") and yet 44.2 million on food stamps ("let me be clear...")

Published on 2011-04-04 14:37:00

44.2 million Americans receiving food stamps,average monthly benefit of $132.81 andthe 2012 election will exceed $1 billion(single election equivalent of providing monthly food stamps for an entire year to 625,000 people)PoliticoBy Jennifer Epst

Bernanke doing his best to make our seniors the forgotten generation

Published on 2011-04-04 12:17:00

"Americans who have done everything right, have worked hard, saved their money and stayed out of debt are the ones being punished by low interest rates..." Richard Fisher-Pres. Federal ReserveBank of DallasThe Wall Street JournalBy Mark WhitehouseApr

Securities and Exchange Commission (SEC) has considerable trouble keeping its own books

Published on 2011-04-03 12:43:00

Each year the SEC brings hundreds of civil enforcement actions against individuals and companies for violation of the securities laws. Typical infractions include insider trading, accounting fraud, and providing false or misleading information about

Florida foreclosure judges accusing lawyers of "fraud upon the court."

Published on 2011-04-03 10:39:00

The Palm Beach PostBy: Christine Stapleton andKimberly MillerApril 2, 2011Angry and exasperated by faulty foreclosure documents, judges throughout Florida are hitting back by increasingly dismissing cases and boldly accusing lawyers of "fraud upon th

Hey Ben; You're Inflation Blind fold Needs Another Layer (Michael Pento)

Published on 2011-03-31 21:23:00

Thursday, March 31, 2011 By: Michael Pento While the Fed continues its quest to save us from the horrors of deflation, the middle class is being swallowed by a tsunami of rising prices.Wall Mart, the world’s largest retailer and second largest empl

While Congress proposes cuts to Head Start and Food Stamps, the Air Force spends $4 mil per day on bomb gifts for Libya

Published on 2011-03-30 17:00:00

Our elected "representatives" proposed cutting $2.7 million per day ($1 billion annually) from Head Start Programs while the Air Force spends $4 million per day on bombs for Libya.The HillBy: John BennettMarch 30, 2011The U.S. Air Forc

Average U.S. Loan in Foreclosure: 537 Days Delinquent

Published on 2011-03-29 18:42:00

JACKSONVILLE, Fla. - March 28, 2011 -The February Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) shows that while delinquencies continue to decline, an enormous backlog of foreclosures still exists with overhang at every l

Jon Stewart:GE's $14.2 billion profit and no federal income taxes and Steve Martin way ahead of his time

Published on 2011-03-29 12:53:00

March 28, 2011Jon Stewart on General Electric (GE) making $14.2 billion profit for 2010 and paid no federal income tax. Jon also criticized Obama for saying he would stop corporations from profiting from outsourced labor when they pay no d

Stock Market in Denial (Comstock Partners)

Published on 2011-03-27 21:12:00

In sum investors are in a state of denial similar to when they denied the dot-com boom was a serious problem in early 2000, or that subprime mortgages were a problem in 2007Hope is the denial of reality. Margaret WeisComstock PartnersMarch 24, 2011Th

Bernie Sanders: Time for American Corporations to Pay Their Fair Share and give our grandchildren a break

Published on 2011-03-27 12:56:00

Yes America, it pays well to have friends in high placesJeff Immelt (General Electric CEO) and headingPresident’s Council on Jobs and CompetitivenessSenator Bernie SandersBURLINGTON, Vt., March 27 - While hard working Americans fill out their incom

In Prison for Taking a Liar Loan (but not any banksters Making Liar Loans)

Published on 2011-03-26 11:21:00

As part of his sentence, Mr. Engle was ordered to pay $262,500 in restitution to the owner of his mortgages. And what institution might that be? You guessed it: Countrywide, now owned by Bank of America. Judge Accepts S.E.C.’s $150 Mil Fine Deal Wi

On any given night, 650,000 Americans are homeless

Published on 2011-03-24 17:59:00

The New ColossusBy Emma Lazarus, 1883Not like the brazen giant of Greek fame,With conquering limbs astride from land to land;Here at our sea-washed, sunset gates shall standA mighty woman with a torch, whose flameIs the imprisoned lightning, and her

$21.3 Billion Food Budget Shortfall for Americans at Risk of Hunger

Published on 2011-03-24 14:39:00

CHICAGO, March 24, 2011 /PRNewswire-USNewswire/ -- Feeding America, the nation's largest domestic hunger-relief organization, today released a landmark study, "Map the Meal Gap," providing insight for the first time about the number of meals missing

Judge Rakoff not happy with SEC and their "without admitting or denying wrongdoing"

Published on 2011-03-23 13:30:00

The New York TimesDealBookMarch 22, 2011Woe be to the S.E.C. lawyer who next draws Judge Jed S. Rakoff. The Manhattan federal judge has again criticized the Securities and Exchange Commission over the way it strikes securities settlements. On Monday,

Jon Stewart: "You can't simultaneously fire teachers and Tomahawk missiles."

Published on 2011-03-22 12:04:00

The Daily Show Jon StewartMarch 21, 2011The U.S. military fires Tomahawk missiles against Libyan defense targets on the anniversary of the Iraq war."You know wars aren't kids... Where you don't have to pay attention to the youngest one because the ol

U.S. spends over $100 million on day one of their "extended adventurous voyage" a.k.a. Operation Odyssey Dawn

Published on 2011-03-22 08:40:00

While congress places food stamp assistance on the chopping block, U.S. Government has no problem spending over $100 million on Tomahawk cruise missiles during day one of "Operation Odyssey Dawn".Government SpeakOdyssey: An extended adventurous voyag

National Association of Realtors Pulls add'l 1.36 million home sales out of thin air

Published on 2011-03-21 12:46:00

National Association of Realtors Seasonally Adjusted (a.k.a. pretend) Existing Home Sales 4.88 millionNon Seasonally Adjusted (a.k.a. REAL) Existing Home Sales 3.516 millionWashington, DC, March 21, 2011 WASHINGTON (March 21, 2011) – Existing-home

Bernanke has 5 days to give it up on I've Got a Secret

Published on 2011-03-21 11:45:00

By: Greg Stohr and Bob IvryMarch 21 (Bloomberg) -- The Federal Reserve must disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view. The

Agricultural Committee Prefers Cuts to Food Stamps VS Farm Subsidies

Published on 2011-03-21 08:17:00

...most large commercial farmers report an average annual income of $200,000, well in excess of the national averageChairman Frank Lucas, R-Okla., has reported $445,714 in political contributions from the agricultural industry during the course

Senator Jon Kyl thinks cutting .00625 of the deficit is a good day's work

Published on 2011-03-17 17:45:00

"`In just five weeks, we will have cut $10 billion from this year's spending," said Mr. Kyl. "All in all, a good day's work."Jon's idea of a good day's work equates to .00625 ofour $1.6 trillion deficit. Jon would likely deem running330 feet of a 10

Don't Stub Your Toe (Michael Pento)

Published on 2011-03-17 08:05:00

Wednesday, March 16, 2011 By: Michael Pento While Bernanke is busy closing his eyes and his mind to everything related to inflation, the Producer Price Index was screaming at him this morning. The PPI for February increased by 1.6% month over month a

Keith McCullough: Suggests 46% of assets in cash

Published on 2011-03-16 08:25:00

CNBC TelevisionNicole LapinMarch 16, 2011U.S. Debt Problems are Structurally Impairing Growth“Now here you are with net leverage positions in the hedge fund community at the highest points they’ve been since October 2007,” Keith McCoullough, CE

House of Representatives Kick the Budget Can for Another 3 weeks

Published on 2011-03-15 17:29:00

The New York TimesBy Carl HulseMarch 15, 2011WASHINGTON — The House of Representatives gave grudging approval on Tuesday to finance the federal government for three more weeks. Dozens of Republicans broke with their leadership to oppose the st

Nuclear Plant Designer Says Japanese Government Suppressing Scale Of Crisis (Jim Sinclair)

Published on 2011-03-15 15:40:00

Jim SinclairJim Sinclair's MinesetMarch 14, 2011MOPE (Management of Perception Economics)is everywhere. Truth is Nowhere.Nuclear Plant Designer Says Japanese Government Suppressing Scale Of CrisisBy the CNN Wire Staff March 14, 2011 7:54 p.m. EDTToky

5 job seekers for each available job: 4 out of 5 unemployed workers, there are no jobs

Published on 2011-03-14 17:35:00

Economic Policy Instituteby Heidi ShierholzMarch 11, 2011This morning the Bureau of Labor Statistics released an extremely disappointing January report from the Job Openings and Labor Turnover Survey (JOLTS), showing that job openings decreased by 16

Bernie Sanders: Deficit Reduction Requires Shared Sacrifice

Published on 2011-03-14 17:13:00

OpEdNews.comby Senator Bernie SandersMarch 14, 2011The rich are getting richer. The middle class and poor are getting poorer. What is the Republican solution to the deficit crisis? More tax breaks for millionaires and billionaires. Savage cuts in pro

Grandpa's challenge to all Politicians:Give our children and grandchildren hope and praise and let them be little

Published on 2011-03-13 13:54:00

Vigilant Grandpa challenges all politicians and policymakers to take 3 1/2 minutes out of your day and listen to the message "Let Them Be Little." Before your next lobbyist meeting, hit the play button, before your next appearance on Fox News or CNBC

Justice Dept. Investigating Morgan Stanley/Saxon Mortgage Services for Foreclosing on Military Families

Published on 2011-03-12 17:04:00

The New York TimesMarch 11, 2011By Diana HenriquesThe Justice Department is investigating allegations that a mortgage subsidiary of Morgan Stanley foreclosed on almost two dozen military families from 2006 to 2008 in violation of a longstanding law a

The Party is Over for the Stock Market (Comstock Partners)

Published on 2011-03-11 08:37:00

Comstock PartnersMarch 10, 2011The party is over. The major factors facing the economy and the market that we have been discussing in past comments (please see archives) are coming to a head as the reality of a post-credit crisis economy becomes more

Dylan Ratigan/Ron Paul Discuss Massive U.S. Deficit and Who will step to the plate on behalf of children/grandchildren?

Published on 2011-03-09 20:25:00

Who will step up for the future of this country?Grandpa: Who will step up for the future of our children and grandchildren???!!!March 8, 2011Dylan Ratigan continues his passionate plea for politicians to come to grips with the reality of our fiscal d

Next Subprime: Municipal Bonds Going Down at Least 15-20% (Jeff Gundlach)

Published on 2011-03-09 17:38:00

Between here and the endgame lies the valleyand the valley is full of fear. And I think the muni market is going to go down by at least 15 to 20%. At least.CNBCMarch 9, 2011Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on

Best Cities for Finding Employment (Forbes), Minneapolis comes in 1st

Published on 2011-03-09 09:13:00

ForbesBy Jacquelyn SmithMarch 8, 2011With the employment picture still bleak in some major metropolitan areas, job seekers might be tempted to run off to the cities with the healthiest employment numbers–but low unemployment doesn’t always mean i

Americans' Optimism Slides Over 10% in February (Gallup)

Published on 2011-03-08 17:09:00

If More Americans Watched CNBC, Optimism Would SoarIt's All Good On 1st In Business WorldwideMarch 8, 2011PRINCETON, NJ -- Gallup's Economic Confidence Index worsened to -24 in February from -21 the prior month as Americans' optimism about the U.S. e

CoreLogic: 23 Percent of Borrowers Underwater for a cool $750 Billion, Welcome to the Recovery

Published on 2011-03-08 14:43:00

23 Percent of Borrowers Underwater with $750 Billion Dollars of Negative Equity PROPOSED DOWN PAYMENT RULES WILL IMPACT ALREADY HARD-HIT STATESMarch 8, 2011CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, to

Stocks react to a made up number (Herb Greenberg) and guidance is a myth

Published on 2011-03-08 08:27:00

The quarter guidance game is a mythCNBC Stock BlogBy Herb GreenbergMarch 8, 2011Shocker: Contrary to what you probably believe — at least contrary to my belief! — most companies do not give quarterly earnings guidance. According to Factset, which

The Charles Evans Show (Michael Pento)

Published on 2011-03-08 07:29:00

Fed policy had little to do with soaring commodity and food pricesMonday, March 7, 2011 By: Michael Pento CNBC was competing with viewers from the Comedy Channel this morning when it aired an interview with Charles Evans, the President of the Chicago

Banks: Still too big, Still can't fail (so much for financial reform)

Published on 2011-03-07 17:37:00

The biggest banks are bigger than they were before the last crisis.The Wall Street JournalMarch 5, 2011The 2010 Dodd-Frank law was sold as a way to prevent future bank bailouts. But so few people believe it that Sheila Bair, chairman of the Federal D

It's the Inequality Stupid (Mother Jones) 11 charts tell it all

Published on 2011-03-07 13:57:00

Eleven charts that explain everything that's wrong with America.By Dave Gilson and Carolyn PerotMother Jones March/April 2011 IssueA huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one perce

25 Percent of Children Living in Poverty (60 Minutes) A Truly Moving Episode!

Published on 2011-03-07 13:33:00

The government considers a family of four to be impoverished if they take in less than $22,000 a year.March 6, 201160 Minutes-record number of children living in poverty and will soon hit 25%. 16 million kids living in poverty, an increase of 2 milli

Dylan Ratigan: Where are the handcuffs? Fraud in the financial system. Oh, by the way, Angelo Mozilo WALKS!!

Published on 2011-02-21 15:02:00

February 17, 2011 on the Dylan Ratigan Show: Where are the handcuffs? Thousands jailed during the S and L crisis. Why not know? Charles Ferguson, director of the "Inside Job" share with Dylan Ratigan that everyone within the Obama Administration refu

National Association of Realtors: Liar, Liar, Pants on Fire

Published on 2011-02-21 13:03:00

February 21, 2011On January 20th, 2011: National Association of Realtors (NAR) doing their very best to carry on the extend and pretend economic recovery. NAR reported an annualized (seasonally adjusted) 5.280 million existing home sales headline for

Money Won’t Buy You Health Insurance...and Health Care CEO's really appreciate your business

Published on 2011-02-20 17:15:00

Los Angeles Times: The top executives at the nation's fivelargest for-profit health insurance companies pulled in nearly $200 million in compensation last year.The Wall Street Journal: Health Care CEO's Earn Top Pay, Median CEO pay was $10 MILLIONSta

Welcome to the Banking Recovery: FDIC closes 22nd bank of 2011

Published on 2011-02-19 17:10:00

Yes America, the Banking Sector Recover is StrongBernake said it is just fine...it's all goodMay 2007The subprime mess is grave but largely contained. While rising delinquencies and foreclosures will continue to weigh heavily on the housing market th

Bill Fleckenstein: The Bulls will be punished before the year's out (King World News)

Published on 2011-02-19 16:30:00

Link to interview with Bill Fleckensten (click play when site boots...telephone interview)Interview Recap via Business InsiderBy Mamta BadkarFebruary 18, 2011Bill Fleckenstein is still giving loud warnings about a QE-induced stock bubble.He tells Kin

Do We Think We Are Better Off Than Our Parents? Only if your parents were named Wall and Street.

Published on 2011-02-19 13:50:00

By Annalyn CenskyStaff reporterFebruary 16, 2011NEW YORK (CNN Money) -- Are you better off than your parents?Probably not if you're in the middle class.Incomes for 90% of Americans have been stuck in neutral, and it's not just because of the Great Re

Stock Market is Increasingly Irrelevant (Felix Salmon)

Published on 2011-02-18 09:00:00

Seeking AlphaBy Felix SalmonFebruary 14, 2011I’m sad that my NYT op-ed on the decline of stock exchanges went to press too late to include the bonkers rhetoric emanating from Chuck Schumer:The New York Stock Exchange is the cradle of American

Bernanke and Federal Reserve: Bubbles "R" Us, 3rd Bubble in 11 Years (Comstock Partners)

Published on 2011-02-18 08:41:00

It seems incredible that the Fed is creating the third bubble within 11 years, but that is what is underway.Comstock PartnersFebruary 17, 2011It seems incredible that the Fed is creating the third bubble within 11 years, but that is what is underway.

David Stockman on Dylan Ratigan: Administration and Congress are Fiscally Cowardice

Published on 2011-02-17 10:04:23

David Stockman: Administration and Congress as Fiscally Cowardice February 17, 2011 Former Budget Director David Stockman on Dylan Ratigan Show (2/15/11) discussing Obama's very discouraging 2012 budget. David "grandchild friendly" Stockman expla

David Stockman on Dylan Ratigan: Administration and Congress are Fiscally Cowardice

Published on 2011-02-17 09:47:00

David Stockman: Administration and Congress as Fiscally Cowardice February 17, 2011Former Budget Director David Stockman on Dylan Ratigan Show (2/15/11) discussing Obama's very discouraging 2012 budget. David "grandchild friendly" Stockman explains h

Geithner: balancing budget will require Americans to sacrifice (banks not so much)

Published on 2011-02-16 13:57:08

Geithner: balancing the budget will involve some difficult choices on the part of lawmakers and “will require sacrifice from all Americans.” AIG BAILOUT Automobile Tax Credits (Hybrid Gas-Electric) BAB (Build America Bonds) Big Oil Tax Subsidies

Geithner: balancing budget will require Americans to sacrifice (banks not so much)

Published on 2011-02-16 13:17:00

Geithner: balancing the budget will involve some difficult choices on the part of lawmakers and “will require sacrifice from all Americans.”AIG BAILOUTAutomobile Tax Credits (Hybrid Gas-Electric)BAB (Build America Bonds)Big Oil Tax Subsidies Act

Harley Davidson's overly ambitious expectations (Motley Fool)

Published on 2011-02-16 09:45:19

The Motley Fool By Nick Kapur 2/15/2011 Eighteen months ago, iconic American motorcycle manufacturer Harley-Davidson (NYSE: HOG) announced plans to enter the 1 billion-strong Indian consumer market. Three months ago, the company announced that it wo

Harley Davidson's overly ambitious expectations (Motley Fool)

Published on 2011-02-16 09:45:00

The Motley FoolBy Nick Kapur2/15/2011Eighteen months ago, iconic American motorcycle manufacturer Harley-Davidson (NYSE: HOG) announced plans to enter the 1 billion-strong Indian consumer market. Three months ago, the company announced that it would

Obama: Sorry about cutting off your heat, but I will give you $7,500 for an Electric Car (with heat)

Published on 2011-02-15 13:05:14

As President Obama proposes a $7,500 gift (rather than make them wait for a tax credit) for those with the means to purchase a $40,000+ electric car, his 2012 budget proposes a 50% cut for the Low Income Home Energy Assistance Program, reducing its a

Obama: Sorry about cutting off your heat, but I will give you $7,500 for an Electric Car (with heat)

Published on 2011-02-15 13:05:00

As President Obama proposes a $7,500 gift (rather than make them wait for a tax credit) for those with the means to purchase a $40,000+ electric car, his 2012 budget proposes a 50% cut for the Low Income Home Energy Assistance Program, reducing its a

Rick Santelli comes out swinging and accuses Steve Liesman of Fighting Like a Girl

Published on 2011-02-15 12:37:55

Rick Santelli was on a tear this morning and took the first swing at Steve "I can put a positive spin on anything" Liesman and when he swung back, Rick Santelli informs the planet that Steve fights like a girl. Rick's ire is raised at the 7:45 mark a

Rick Santelli comes out swinging and accuses Steve Liesman of Fighting Like a Girl

Published on 2011-02-15 12:19:00

Rick Santelli was on a tear this morning and took the first swing at Steve "I can put a positive spin on anything" Liesman and when he swung back, Rick Santelli informs the planet that Steve fights like a girl. Rick's ire is raised at the 7:45 mark a

Obama proposes $7,500 electric car tax credit, a $53 Billion Train and cut $1.1 Trillion from Budget?

Published on 2011-02-13 18:45:52

The administration's 10-year, $1.1 trillion deficit reduction is less than the total projected deficit for 2011 alone.(Meanwhile, back at the White House Ranch, Obamaproposes a $7,500 Electric Car car tax credit and $53 Billion High Speed Rail Projec

Obama proposes $7,500 electric car tax credit, a $53 Billion Train and cut $1.1 Trillion from Budget?

Published on 2011-02-13 18:45:00

The administration's 10-year, $1.1 trillion deficit reduction is less than the total projected deficit for 2011 alone.(Meanwhile, back at the White House Ranch, Obamaproposes a $7,500 Electric Car car tax credit and $53 Billion High Speed Rail Projec

The stock market is overbought and is losing momentum (this is not a test)

Published on 2011-02-13 09:15:52

In summary, the current excitement about the market reminds us of the extreme bullishness exhibited near the tops in early 2000 and late 2007. The outcome is likely to be the same. Comstock Partners February 3, 2011 The stock market is at a highly v

The stock market is overbought and is losing momentum (this is not a test)

Published on 2011-02-13 09:15:00

In summary, the current excitement about the market reminds us of the extreme bullishness exhibited near the tops in early 2000 and late 2007. The outcome is likely to be the same. Comstock PartnersFebruary 3, 2011The stock market is at a highly vuln

Charles Plosser: monetary policy can't retrain people

Published on 2011-02-12 11:38:43

This mess was caused by over-investment in housing, and bringing down unemployment will be a gradual process. "You can't change the carpenter into a nurse easily, and you can't change the mortgage broker into a computer expert in a manufacturing plan

Charles Plosser: monetary policy can't retrain people

Published on 2011-02-12 11:38:00

This mess was caused by over-investment in housing, and bringing down unemployment will be a gradual process. "You can't change the carpenter into a nurse easily, and you can't change the mortgage broker into a computer expert in a manufacturing plan

Trade Deficit Woes (Michael Pento)

Published on 2011-02-12 11:28:32

Friday, February 11, 2011 By: Michael Pento The U.S. trade deficit increased by 5.9% to $40.6 billion during the month of December, which was up $38.3 billion from the prior month. For the year 2010, the trade gap surged 43%, which was the biggest

Trade Deficit Woes (Michael Pento)

Published on 2011-02-12 11:28:00

Friday, February 11, 2011 By: Michael Pento The U.S. trade deficit increased by 5.9% to $40.6 billion during the month of December, which was up $38.3 billion from the prior month. For the year 2010, the trade gap surged 43%, which was the biggest ju

FDIC closes 18th bank of 2011 and $1.45 Billion hit to DIF

Published on 2011-02-12 10:35:28

February 12, 2011 The FDIC closed 4 more banks on Friday, February 11th bringing the Year to Date closings to 18. The estimated total hit to the Deposit Insurance Fund (DIF) from Friday's closings is $144.9 million. Year to date, the estimated hit

FDIC closes 18th bank of 2011 and $1.45 Billion hit to DIF

Published on 2011-02-12 10:35:00

February 12, 2011The FDIC closed 4 more banks on Friday, February 11th bringing the Year to Date closings to 18. The estimated total hit to the Deposit Insurance Fund (DIF) from Friday's closings is $144.9 million. Year to date, the estimated hit to

The Two Faces of Bernanke (Peter Schiff)

Published on 2011-02-11 09:39:05

By: Peter Schiff Euro Pacific Capital Thursday, February 10, 2011 Based on his recent public comments, Fed Chairman Bernanke seems determined to give the U.S. dollar the reputation of Egypt’s Hosni Mubarak: an unwanted relic of the past that eve

The Two Faces of Bernanke (Peter Schiff)

Published on 2011-02-11 09:39:00

By: Peter Schiff Euro Pacific CapitalThursday, February 10, 2011 Based on his recent public comments, Fed Chairman Bernanke seems determined to give the U.S. dollar the reputation of Egypt’s Hosni Mubarak: an unwanted relic of the past that everyon

RealtyTrac: Janaury REO Activity Up 12 Percent

Published on 2011-02-10 14:25:00

“Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure proc

Dylan Ratigan is Fed Up, Dylan starts the bonfire and Bernie Sanders Provides a Cord of Wood

Published on 2011-02-10 13:06:00

Dylan Ratigan and Senator Bernie Sanders are both Fed Up with the fact that not one person connected with mortgage fraud has been prosecuted. Bernie Sanders notes while 42,000 U.S. factories closed during a 10 year period, Wall Street Banks inve

Consumers face more financial troubles as economy sheds more jobs than it creates (Consumer Reports)

Published on 2011-02-09 17:18:00

In the past 30 days, 6.7% of those surveyed have lost their job, but only 5.2% have started a new job.(their survey is not seasonally adjusted)YONKERS, N.Y., Feb. 9, 2011 /PRNewswire-USNewswire/ -- Consumers have a guarded outlook of the coming month

The Return of the Misery Index (Michael Pento)

Published on 2011-02-09 16:26:00

Consumers that don’t happen to have direct access to a government bailout or who aren’t in line to receive a huge Wall Street bonus are indeed feeling the pain.Wednesday, February 9, 2011 By: Michael Pento The website Zillow.com reported today th

3,800 Bankers Went to Jail after S and L Crisis. Dylan Ratigan asks where are the handcuffs today?

Published on 2011-02-09 12:59:00

February 4, 2011Dylan Ratigan and Nevada Attorney General Catherine Cortez Masto discuss why several states are suing Bank of America over mortgage and consumer fraud. 3,800 bankers went to jail resulting from the S and L crisis and today, not one ba

We Taxpayers will pay $26 million this year for congressional pensions

Published on 2011-02-09 12:34:00

Each retirement plan requires Members to remain in Congress for five years before they are eligible to receive a benefit at retirement age. Both plans allow Members to take full retirement at 62, but ex-lawmakers may qualify for a full orre

Zillow: Home values have fallen 27 percent since they peaked in June 2006 (how's your bottom Cramer?).

Published on 2011-02-09 11:50:00

Negative Equity Rises to 27%; Foreclosure Moratoriums at Least Partly Responsible for Increase, According to Q4 2010 Zillow® Real Estate Market ReportsSEATTLE, Feb. 9, 2011 /PRNewswire/ -- Home values in the United States posted their largest quarte

Stock Market Controlled by Machines (Joe Saluzzi), A Must Listen Interview

Published on 2011-02-07 21:57:00

50-70% of all trades being conducted by algorithms at micro-second time intervalsChris Martenson.comMake sure to review "Crash Course"2/4/2011Joe Saluzzi, co-founder of Themis Trading LLC and outspoken exchange expert, is concerned with how high-freq

Dylan Ratigan and Bill Fleckenstein Discuss Bernanke's Devastating Impact from Money Printing

Published on 2011-02-07 21:33:00

Dylan Ratigan and Bill Fleckenstein discuss the impact of U.S. money printing is having on the poorest people on the globe including paying 80% of their income for food. Bernanke and the Federal Reserve will not admit to their mistakes and continue t

CNBC Hosted "Guess the Payroll Number" Gong Show and All Panelists were gonged.

Published on 2011-02-04 17:08:00

2/4/2011CNBC delivers today's BS BLS Non-Farm Payroll Data and their esteemed panel blows off the number. Mark Zandi, almost pulled a John Boehner weep when he stated the numbers are meaningless. Mark later states the numbers make no sense. Mr. Zandi

Jim Rogers "I am short emerging markets ETFs, short Nasdaq ETFs." (CNBC & Zero Hedge)

Published on 2011-02-04 15:41:00

Great Recap of Jim Rogers appearance on CNBC via Zero HedgeJim Rogers, in his latest interview, cuts right to the chase: "I don't own many equities, because I don't know what is going to happen in the world economy. I expect more currency turmoil, mo

Like A Good Neighbor, Ber-Nank Is There

Published on 2011-02-03 16:29:00

The Associated Press February 3, 2011Bernanke Speak TodayBOTTOM LINE: Federal Reserve Chairman says the United States can't fully recover from the worst recession in decades until hiring improves. LONG JOURNEY AHEAD: Bernanke says it will take "

Angelo Mozilo Settles w/CA for a Paltry $6.5 million

Published on 2011-02-02 16:48:00

This is the look of a happy predatorPacific Coast Business Times2/2/2011Angelo Mozilo and another former Countrywide Financial Corp. executive agreed Feb. 2 to pay $6.5 million to settle a predatory lending civil case brought by the state of Californ

Wall Street Compensation Sets Another Record at $135 billion (9+ miles of $1,000 bills)

Published on 2011-02-02 16:34:00

Seneca Niagara Casino Hotel and Tower is 358' TallStack of $1,000 bills to the Very Top of this Building equals $1 bilWall Street Compensation in 2010 is 135 of these buildingsThe Wall Street JournalBy Aaron Lucchetti andStephen Grocer2/2/2011When it

Geithner Extends Debt Ceiling Breach by a Couple of Weeks

Published on 2011-02-02 13:44:00

Geithner Extends Date to Raise Debt CeilingThe Wall Street JournalBy Jeffrey Sparshott andJefff Bater2/2/2011WASHINGTON—Citing better-than-expected tax receipts, the U.S. Treasury Department on Wednesday extended its estimate of when the country hi

Marc Faber: We're All Doomed in the Long Run and Bernanke is a Liar

Published on 2011-02-02 13:02:00

Ben Bernanke:Worries are overblown that the Federal Reserve's plan to aid the economy could unleash inflationMarc Faber“I guarantee you … the annual cost of living increases are more than 5 percent, and the Bureau of Labor Statistics is lying,”

CMBS Delinquency Rate Sets New All Time Record of 9.34%

Published on 2011-02-02 12:53:00

Trepp Reports Another Record High CMBS Delinquency Rate of 9.34% for January Despite New Issuance and Falling Spreads 2/2/2011NEW YORK--(BUSINESS WIRE)--Trepp, LLC, the leading provider of CMBS and commercial mortgage information, analytics and techn

Harley Davidson, The HOG, recalling about 7,000 Softails

Published on 2011-02-02 12:13:00

Harley-Davidson recalls about 7,000 Softails for engine stalling issue By Rick BarrettJournal SentinelJournal Sentinel 2/2/2011Harley-Davidson is recalling certain model-year 2011 Softails because of an engine stalling issue.The bikes were manufactur

The HOG speaks: “We expect that 2011 will be a challenging year, as far as the economy is concerned"

Published on 2011-01-30 12:07:00

"Company management is continuing to take a “measured approach” in its overall business strategy due to ongoing concerns about the economy and the pace of the recovery"Harley Davidson stock up 69% since 1/28/10 andup 7.3% after reporting a better

36 Harley Davidson Storefronts Closed in 2010 while stock price soars (yes, HOG's can fly...for awhile)

Published on 2011-01-30 11:45:00

Journal SentinelBy Rick Barrett1/30/2011Downshifting with the economy, 64 Harley-Davidson stores have closed in the United States in the last two years as sales fell and the world's largest maker of heavyweight motorcycles throttled back production.L

The GDP Joke (Michael Pento)

Published on 2011-01-30 09:40:00

Friday, January 28, 2011 By: Michael Pento The Main Street Media is running around today applauding our 4th quarter GDP report, which increased at a 3.2% annual rate. However, the current dollar or nominal GDP growth rate was 3.4%. That’s corr

A Mockery of a Sham (Peter Schiff)

Published on 2011-01-30 09:37:00

By: Peter Schiff Friday, January 28, 2011 Back in October of 2009, when Congress first announced the formation of a commission to investigate the cause of the 2008 financial crisis, I knew immediately that their ultimate conclusions would support the

Geithner: Inflation on a global level is “not high on the list of concerns”

Published on 2011-01-28 07:03:00

Geithner expressed confidence that the recovery has taken root in the U.S., pointing to clear increases in private investment and job creation over the last 12 monthsThe Wall Street JournalBy Geoffrey T. Smith1/28/2011Inflation on a global level is

Pending Home Sales: NAR magically converts a negative 19.8% figure to positive 2.0%

Published on 2011-01-27 16:56:00

Caution: You are about to read Seasonally Adjusted (SA) DataYou are advised to wear protective eyeware and do not look directly at the lightWashington, January 27, 2011 Pending home sales improved further in December, marking the fifth gain in t

Jobless Claims: Dept of Labor Adjusts out 1.1 mil jobless claims

Published on 2011-01-27 13:31:00

Welcome to Secretary Solis' World of CalculationsUNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORTDepartment of Laughter Lies Labor1/27/2011SEASONALLY ADJUSTED DATAIn the week ending Jan. 22, the advance figure for seasonally adjusted initial claims was 45

Debt and the Fed (Michael Pento)

Published on 2011-01-27 07:09:00

Wednesday, January 26, 2011 By: Michael Pento The salient news of today is undoubtedly the new estimate for the 2011 deficit. The Dow Jones Industrial average has crossed above the 12k mark once again and the MSM is busy clamoring over that. However,

Merrill (Bank of America) Pays $10 mil to hop over the Chinese Wall

Published on 2011-01-25 16:15:00

Remember the Chinese Wall, you know, the wall that separates Wall Street proprietary traders and those placing client orders. Like when you call your financial advisor to place a trade assuming it is between you and the advisor. Yeah right! Oh your o

Harley Davidson: Time for Wilbur the HOG to visit the bacon factory

Published on 2011-01-25 07:52:00

How Charlotte the Analyst Quietly Saved Wilbur the HOG from the Bacon FactoryFor fiscal year 2010, the consensus estimate among experts was $.99 on a $36+ stock. Ninety days ago the estimate was for HOG to earn $1.26 and a mere 7 days ago the estimat

Whack a Mole Helps UBS Analyst Pick Price Target on Harley Davidson

Published on 2011-01-24 13:44:00

UBS Analysts Robin Farley Maintains a Neutral Rating on the HOG during a 228 Day Period Even Though SheRaised and Lowered the Stock Price Target from $28.80 to $37.Keep Whacking Robin, It Just Takes Practice.Earnings Preview: Harley-Davidson by

York County Judge to Rule on Harley Davidson's Dirty Dirt

Published on 2011-01-23 09:29:00

Harley contends that the contamination it inherited when it purchased the property nearly 40 years ago should be factored into the land value.By Lauren Boyer Daily Record/Sunday News1/22/2011York, PA - A dispute over the property taxes Harley-Davidso

FDIC closes 7 banks year to date with a $641.2 mil hit to deposit insurance fund

Published on 2011-01-22 14:33:00

The FDIC closed 4 banks on Friday, January 21st bringing the year to date total to 7. According to the FDIC press releases, the estimated total cost to the Deposit Insurance Fund (DIF) from 2011 closings is $641.2 million. As of 1/21/2011, one bank c

Credit Suisse is launching a trading venue that will keep HFT traders at bay (Jim McTague)

Published on 2011-01-22 14:15:00

High-frequency trading firms love to buy from and sell to "dumb" individual and institutional investors.By Jim McTague Barron's1/22/2011Yummy, yummy! The good news for high-frequency traders is that juicy retail sheep again are grazing in the do

Jeff "the jobs butcher" Immelt to chair Council on Jobs

Published on 2011-01-21 14:29:00

Announcing a New Council on Jobs and Competitiveness(GE's U.S. headcount down 31,000 underJeff "the butcher" Immelt)Posted by Kori Schulman on January 21, 2011 The White House BlogThis afternoon, in Schenectady, New York, President Obama will announc

Initial Jobless Claims: Dept. of Labor eliminates 1 mil filers since 12/4/10

Published on 2011-01-20 13:15:00

Labor Secretary Hilda Solis once again waived her magic wand and seasonally adjusted out 146,594 first time filers of unemployment claims. Since the week ending 12/4/10, Hilda's seasonally adjusted wand (SAW) eliminated over 1 million Americans filin

JPMorgan violated the law, but hey, it was a simple mistake...yeh right

Published on 2011-01-19 15:26:00

JPMorgan Refunds $2 Million to Military Families for Mortgages ($2 million represents .000416 of the most recent quarterthat will not leave a mark on JP Morgan...too bad thesame can't be said for the military families they raked through the coals)By

JPMorgan Chase: Operate with the highest standards of integrity, unless dealing w/military families

Published on 2011-01-18 18:13:00

Dylan Ratigan on JPMorgan Chase foreclosing on U.S. active duty service personnel. Nobody at JPMorgan cared to listen. JPMorgan Chase admitted overcharging thousands of military families for the mortgages, including families of troops in combat overs

Carefree childhood is the luxury lost

Published on 2011-01-17 20:21:00

U.S. Census report showed childhood poverty grew from 14 to 18 percent between 2008 and 2009(hey, as long as Wall Street is taken care of...who really cares about the kids?...no really,who really cares?)The Durango HeraldBy Heather ScofieldJanuary 17

Gallop finds 19% of Americans are satisfied (too bad they didn't include CNBC in poll)

Published on 2011-01-17 19:34:00

The current low level of satisfaction is likely tied primarily to the economy.The outlook for the U.S. economy has brightened, Federal Reserve Chairman Ben Bernanke said Thursday, though he warned growth won't be strong enough to bring down the joble

Ben Bernanke's Blind Eye (Michael Pento)

Published on 2011-01-16 09:04:00

Friday, January 14, 2011 By: Michael Pento The Thomson Reuters/University of Michigan preliminary January index of consumer sentiment decreased to 72.7 from 74.5 a month earlier and I think I know why. If consumers can’t find an adequate amount of

Jobless Claims: Dept. of Labor Seasonally Adjusts out the entire population of ND plus 1/2 of WY

Published on 2011-01-14 14:05:00

January 14, 2011The Department of Laughter Labor has done their part to keep the stock market rally alive. Since 12/4/10, Hilda Solis and her crack staff successfully seasonally adjusted out 919,000 Americans filing initial jobless claims. Madam Secr

Governor Chris Christie telling the truth is deemed a "rookie mistake" by Miller Tabak

Published on 2011-01-14 07:42:00

“The market is very sensitive to the word ‘bankrupt.’” (telling the truth is a rookie mistake)By Brendan A. McGrailJan. 14, 2011 (Bloomberg) -- New Jersey Governor Chris Christie’s comments that rising health-care costs might “bankru

QE-2 has helped manipulate the market

Published on 2011-01-13 13:44:00

$600 billion bond buying plan has contributed to a stronger stock market.(Bernanke is the Stock Market)January 13, 2011WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke said Thursday that a controversial $600 billion bond buying

Seasoanlly Adjusted Rally Continues: Philly Fed Revises Dec. Business Conditions Down To 20.8 From 24.3 (Zero Hedge)

Published on 2011-01-13 12:25:00

Zero HedgeJanuary 13, 2011Unfortunately, the Ministry of Disinformation and Data Revision will not be able to blame the latest major economic data point revision on dyslexia. After as we previously noted, the Chicago PMI was revised lower from 68.6 t

Standard and Poor's/Moody's Warn U.S. On Credit Rating

Published on 2011-01-13 06:31:00

"No triple-A rating is forever" The Wall Street Journalby Mark Brown andNathalie BoschatJanuary 13, 2011LONDON—Two leading credit rating agencies on Thursday cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal si

CMBS Delinquencies up a mere 79% in 2010 (Moody's)

Published on 2011-01-13 06:20:00

Wall Street Journal1/12/2011By Matt Jarzemsky, Dow Jones NewswiresDelinquencies on loans in U.S. commercial mortgage-backed securities, or CMBS, rose for the seventh-straight month in December, Moody's Investors Service said. Last month's 8.79% rate

Import Prices and Inflation (Michael Pento)

Published on 2011-01-13 06:03:00

Wednesday, January 12, 2011 By: Michael Pento In keeping with the tradition of believing the Emperor Has New Clothes, the U.S. consumer must try to just imagine that inflation isn’t a problem. The cost of goods imported into the U.S. rose in Decemb

Initial Jobless Claims: Can the Dept. of Labor Seasonally Adjust out the entire population of ND

Published on 2011-01-12 20:09:00

The Department of Laughter Labor has done a superb job keeping the U.S. stock market dream rally alive. Knowing that CNBC, equity analysts and mutual fund managers only care about headline, seasonally adjusted numbers, the Department of Labor success

Federal Reserve's Little Rascals Responsible for Buying $600 Billion of Bonds

Published on 2011-01-12 17:18:00

Mr. Frost’s task is to avoid paying top dollar for bonds that could be worth less when the Fed tries to sell them one day. New York TimesBy Graham Bowley1/10/2011Deep inside the Federal Reserve Bank of New York, the $600 billion man is fast at work

$4.2 billion withdrawn from U.S. Equity Funds 1st week of 2011

Published on 2011-01-12 16:57:00

Since the end of April 2010, over $93 billion has been withdrawn from U.S. Equity funds. During this time frame, ONE week was a net inflow. The U.S. stock market has been and continues to be a complete farce. The charts below say it all, AS MORE

The HOG/Harley Davidson up 70+% in 6 months on feelings, hope, wishing and a short squeeze

Published on 2011-01-12 12:05:00

I'm feeling more confident, want to spend money againand I am returning to my more normal weight level.Milwaukee Journal SentinelJSonlineBy Rick BarrettJanuary 11, 2011It's more like a rumble than a roar, but increasingly investors and consumers

A Lousy New Year for Workers (unless of course you do not live in U.S.)

Published on 2011-01-12 10:02:00

America's leaders will continue to talk of the American Dream, which still exists for the members of the working class--but only when they’re asleep.Institue for Policy StudiesBy Saul LandauJanuary 10, 2011General Motors executives could claim toda

NYSE Rule 48 (to assure an orderly manipulation of the stock market)

Published on 2011-01-12 08:30:00

By Matt PhillipsMay 20, 2010If you’re interested. Here’s the text of “Rule 48,” which the NYSE invoked to smooth the open today. Here’s the Cliffs Notes version:(a) In the event that extremely high market volatility is likely to have a Floo

In One Month, Joe Biden Proves that there is High Water in Hell

Published on 2011-01-11 17:22:00

December 19, 2010: Vice President Biden promised Sunday that the United States will withdraw from Afghanistan by 2014, "come hell or high water."Not that Vigilant Grandpa believes you have an ounce of credibility Mr. Biden, however a six year old gir

Wall Street Haves versus Main Street Have Nots (Amborse Evans-Pritchard)

Published on 2011-01-11 16:27:00

Deepening crisis traps America's have-notsThe TelegraphBy Ambrose Evans-PritchardMore Ambrose Evans-Pritchard1/09/2011The US is drifting from a financial crisis to a deeper and more insidious social crisis. Self-congratulation by the US authorities t

Harsh reality of being laid off and securing a new job... drop in wages

Published on 2011-01-11 16:16:00

The Wall Street JournalDownturn's Ugly Trademark: Steep, Lasting Drop in Wages Reality of Main Street Not CNBCor Political SpeakBy Sudeep ReddyRead more from Sudeep1/11/2011In California, former auto worker Maria Gregg was out of work five months las

Surest way to profit from takeover speculation in the stock market is to bet it’s wrong.

Published on 2011-01-11 07:57:00

Deliberately spreading false rumors may violate securities laws, especially if the intent is to sway prices(appears the SEC quietly endorses rumors if stock price moves higher, however don't you darestart a rumor that sends a stock lower...)By Tara L

Do you think the market cares about you? Well do ya punk?

Published on 2011-01-11 07:26:00

But being as this is the U.S. stock market, the most manipulated market in the world, and would would completely wipe you out, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk? Pragmatic CapitalismJanuary 11, 2011 by Cullen

NFIB: small business sector remains in a "rut" and unable to find reasons to ramp up hiring

Published on 2011-01-11 07:07:00

NFIB Small Business ReportWe can certainly "hope for change"here, but history warns against a lot of optimism. SummaryJanuary 2011 (released 1/11/2011)Optimism IndexThe Index of Small Business Optimism lost 0.6 points in December, dropping to 9

Hey State and Local Governments, Don't Count on Bernanke as a Lifeline

Published on 2011-01-10 07:23:00

The Wall Street JournalBy Jon Hilsenrath andNeil King Jr.1/8/2011Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of state and local governments strapped with big municipal debt burdens, saying the Fed had limited lega

Dylan Ratigan speaks with a homeonwer that sued Bank of America and won (A real life David and Goliath Story)

Published on 2011-01-10 06:43:00

January 7, 2011Dylan Ratigan recaps yet another Bank of America debacle with a homeowner that took Bank of America to court and won. Bank of America collected 18 months of reduced mortgage payments and then informed the homeowner that he did not qual

Janet Yellen: QE-2 equals 3 mil jobs, price stability, strong dollar and more Truths About Poop

Published on 2011-01-09 19:56:00

Janet Yellen thankful she presents her spin to adults as a classroom of kids during show and tell would have her for lunch.1/8/2011By Mark FelsenthalRead more by Mark Felsenthal(Reuters) - Federal Reserve Vice Chair Janet Yellen on Saturday defended

Dylan Ratigan and Ron Paul Discussing U.S. Debt and Pending Debt Ceiling Increase

Published on 2011-01-08 13:18:00

Dylan Ratigan discusses current level of U.S. Debt with Ron Paul and the upcoming vote to increase the Debt Ceiling. Ron Paul believes Bernanke's program is based on the U.S. defaulting. Bernanke wants to destroy peoples' savings via slamming the val

Yet Another Sign of Our Strong Recovery: RECORD 43.2 MILLION Americans receiving Foodstamps

Published on 2011-01-07 14:37:00

1/7/2011The USDA released their SNAP (a.k.a. food stamp) usage report for October 2010 and sadly, 43.2 million Americans are receiving Food Stamp assistance (40% increase from October 20008). All told, 20.1 million households rely on food stamps

Friday Funnies (Obama, Boehner, Congress, Pelosi and DOL)

Published on 2011-01-07 14:17:00

Meet Obama's New TeamSell Hello to he 112th Congress FreshmanTim Geithner's Meeting w/John Boehner on the need to Raise Debt Ceiling AGAIN.Representing 46% of the New Jobs Created in DecemberAccording to the Dept. of Labor NFP ReportAbout 1/50th of t

The Champagne Stays On Ice (Michael Pento)

Published on 2011-01-07 09:38:00

Friday, January 7, 2011 By: Michael Pento Well, as I predicted on Wednesday, the ADP report turned out to be Another Dubious Prediction. The establishment survey from the Bureau of Labor Statistics showed that the U.S. created just 103k NFP jobs in D

Mayor Bloomberg to handle all 6 inches of snow (come on, in MN that's a dusting)

Published on 2011-01-07 07:12:00

Mayor Bloomberg: “My grade for the city was ‘unsatisfactory’ and we’re going to do better next time.” By Brian K. SullivanJan. 7 (Bloomberg) -- Half a foot (15 centimeters) of snow may fall over the New York region starting today, the secon

President Obama...Tear Down These Factories! (Michael Pento)

Published on 2011-01-06 20:40:00

Thursday, January 6, 2011 By: Michael Pento Guess what? Shocker of all shockers, the Labor Department underestimated the number of initial jobless claims last week! They originally said that 388k individuals filed for first time jobless benefits. In

Republicans Ready to Implement "Pledge to America", well maybe after they Raise Debt Ceiling

Published on 2011-01-06 19:58:00

We Have a Pinky Promise from the Republicansand they Titled it:"Pledge to America: The New Republic Agenda"(in small print of course):Roll back non-discretionary spending to 2008 levels before TARP and stimulus (will save $100 billion in first y

Numerous retailers (TGT) and analysts pulled up short in December (warning: do not hug things w/horns)

Published on 2011-01-06 19:36:00

You just gotta love analysts:January 3rd Bloomberg :Target Corp., Macy’s Inc., J.C. Penney Co. and Family Dollar Stores Inc. advanced today after Citigroup Inc. recommended the shares as the economy continues to improve. Deborah Wei

Ron and Rand Paul discuss raising the debt ceiling and dad states the U.S. is bankrupt

Published on 2011-01-06 18:16:00

Ron and Rand Paul discussing current U.S. Debt and the Republican Pledge to America. Rand Paul notes $50 bil in savings does not scratch the surface. Republicans Pledge was at least $100 bil year one however they are now lowering the bar to less than

No states rated by Moody’s will default this year...Promise, cross my heart and...

Published on 2011-01-06 15:59:00

Moody's, the very same rating agency that continued to rate residential CDO's AAA even though they were infested with subprime toxic waste. Let's travel back to April 2010, when a couple of Moody's best and brightest testified before a Congressional

Paul Volcker, the Final "Grandchild Friendly" White House Economic Member Resigns

Published on 2011-01-06 12:09:00

Truly a sad tome for grandchildren everywhere as Paul (Grandpa Bear) Volcker has turned in his resignation to President Obama. The departure of Christina Romer and Larry Summers put a slight skip in Vigilant Grandpa's size 13's however it was sh

ADP May Stand For A Dubious Prediction (Michael Pento)

Published on 2011-01-06 10:56:00

Thursday, January 6, 2011 By: Michael Pento This morning’s ADP report showed that employers increased payrolls by 297,000, which was the biggest gain in the history of the report. Although this is a very strong number it is important to point out t

Timmy "God Bless Everyone, Except Grandkids" Geithner Urges Congress to Raise Debt Limit

Published on 2011-01-06 09:52:00

Timmy Geithner: "If Congress does not raise the debt limit, “the Treasury would be forced to default on legal obligations of the United States, causing catastrophic damage to the economy, potentially much more harmful than the effects of

Dept. of Labor Seasonally Adjusts Out 593,000 Initial Jobless Claims in December

Published on 2011-01-06 08:25:00

Not Seasonally Adjusted Jobless ClaimsThe Department of Laughter, Lies, Labor successfully seasonally adjusted out 593,000 Americans filing initial jobless claims in December. Meanwhile ADP states 297,000 seasonally adjusted jobs jobs were creat

Do you really believe the U.S. is Done Bailing Out Banks? Ask Bank of America.

Published on 2011-01-05 17:27:00

Do You Actually Believe the U.S. Gov. is Done Bailing Out Banks?Read...Read Again and Ask Yourself;"Do You Feel Violated?" Well Do You?The AtlanticBy Daniel IndiviglioOther Really Good Reads by Daniel1/4/2011Some people who aren't familiar with the m

Chasing Takeover Rumors...chasing a greased HOG

Published on 2011-01-05 14:44:00

By Steve SearsBarron's1/5/2011The takeover rumors are back in the options market. The re-emergence at a time when the stock market is laboring to advance is not mere coincidence. Rest assured that rumor mongers are pushing junk just as they are worri

Shhhh, don't wake buyers of XRT, rumor has it retail doubts persist

Published on 2011-01-05 13:49:00

Retail Stocks Launched in 2010 and Continued Their Gains into 2011. Shhhh, don't wake the buyers of XRT, they are dreaming of holiday-like sales through April. Shhhh, just let them sleep.The Wall Street JournalBy Kris HudsonMore Kris Hudson Articles1

CMBS Overall Delinquency Rate Up 52% Year Over Year (Trepp) as REITS Continue Launch

Published on 2011-01-05 10:59:00

Overall CMBS Delinquencies Hit a Record 9.2% in December as REITS Spend 2010 Partying in the Exosphere.Trepp Reports CMBS Delinquency Rate HitsRecord High of 9.2% in December Despite Market Optimism(NEW YORK – JANUARY 5, 2010) - Trepp, LLC, the lea

Global Food Prices AT Record High and Yet U.S. has No Inflation

Published on 2011-01-05 10:16:00

Ben Bernanke on QE-2: "The Fed needs to take the action because unemployment is too high and inflation is too low, signs of a still-troubled economy".BBC News1/5/2011Its Food Price Index went above the previous record of 2008 that saw prices spa

49% of metropolitan areas' reported higher unemployment rates in Nov. 2010 vs Nov. 2009

Published on 2011-01-04 15:46:00

Department of Laughter Labor1/4/2011METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT NOVEMBER 2010Unemployment rates were higher in November than a year earlier in 182 of the 372 metropolitan areas, lower in 166 areas, and unchanged in 24 areas, the U.S

How to cook the perfect HOG: TARP Marinade, LBO Rumor Dry Rub and Serve When Squealing Stops

Published on 2011-01-04 11:03:00

You Can Lead a Horse to Water, but PIGS and HOGS get Slaughtered.The Securities and Exchange Commission appears content with rumors as long as the scuttlebutt moves a stock higher. It appears yet again that Harley Davidson is a contender of a LBO cou

Three Years Into the "Recovery" and 1 in every 201 Americans file bankruptcy

Published on 2011-01-04 07:29:00

Three years into the seasonally adjusted "recovery" and 1 in every 201 Americans file for bankruptcy.January 3, 2011, Alexandria, Va.— U.S. consumer bankruptcies increased 9 percent nationwide in 2010 from the previous year, according to the Americ

ISM Has Some Warts (Michael Pento)

Published on 2011-01-03 20:10:00

Monday, January 3, 2011 By: Michael Pento Some seemingly better economic news was released today from the Institute of Supply Management’s Manufacturing report. The ISM index climbed to 57 last month from 56.6 in November. However, the employment i

United States Exceeds $14 TRILLION in debt 12/31/2010, Happy New Year Grandkids, From D.C. (Zero Hedge)

Published on 2011-01-03 20:02:00

Zero Hedge Doing What They Do Best....Calling It Like It Is!Do Yourself a Favor and Visit Zero Hedge1/1/2011When we predicted a few weeks ago that the US would end 2010 with $13.8 trillion in debt we miscalculated the settlement dates on all the last

Wall Street rewards Bank of America (one of their own) with a 6% increase in stock price

Published on 2011-01-03 14:45:00

1/3/2011Yes America, Wall Street looks after their fellow banksters and rewards them when the settlement for placing toxic garbage on the American taxpayer is better than expected.As reported by By Tess Stynes of The Wall Street Journal, Bank o

Best leave defaulting to the real esate professionals (do not try this at home)

Published on 2011-01-03 11:13:00

While a homeowner who lost a house to foreclosure would find it difficult to borrow for years, developers who defaulted on enormous loans have still been able to attract money. (do not try this at home as these are trained professionals)The New York

Don't believe the rosy forecasts (Shawn Tully)

Published on 2011-01-01 11:44:00

Most economists and pundits predict a continued upward trend for most assets next year, but they will eventually be proven wrong.(thank you Mr. Tully for a breath of fresh air)By Shawn TullyFortune Other Shawn Tully Articles12/30/10In one of my class

Forever Stamps Tell Us Much (Peter Schiff)

Published on 2011-01-01 09:17:00

By: Peter Schiff Friday, December 31, 2010 The United States Postal Service announced this week that all future first class postage stamps sold will be the so–called “forever stamps” that have no face value but are guaranteed to cover the cost

Economics Video of the Year :Fear the Boom and Bust: A Hayek versus Keynes Rap Anthem" (Thanks to Economic Policy Journal)

Published on 2011-01-01 09:12:00

Economics Video of the YearFear the Boom and Bust: A Hayek versus Keynes Rap Anthem(thanks to Economic Policy Journal for the Head's Up) Creative Director John Papola Creative Economist Russ Roberts Music produced by Jack Bradley at Black

Rising Rates Reveal Debt Reality (Michael Pento)

Published on 2010-12-31 11:04:00

By: Michael PentoThursday, December 30, 2010 The Fed's lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing costs has bred a new breed of investor. To the bulls an