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Written by Bob Adelmann
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Tuesday, 07 February 2012 12:57 |
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 The long-awaited announcement of another bout of money printing in England on this Thursday will prove once again that experience doesn’t modify behavior on the other side of the pond either. The initial round of money expansion, called Quantitative Easing (QE) in the States, of some $320 billion last year in the United Kingdom had little measurable effect.
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Written by Bob Adelmann
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Monday, 06 February 2012 14:27 |
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 The news released by the Bureau of Labor Statistics (BLS) on Friday appeared to be all good: The unemployment rate was down by 0.2 percent to 8.3 percent, the lowest since the month after President Obama was inaugurated. November and December estimates were revised upward. Most private industries showed growth, including 70,000 new business services jobs, 50,000 new manufacturing jobs, and a remarkable 21,000 new jobs in the construction industry. The labor force expanded by 500,000 which appeared to indicate that more people are coming back into the market looking for work.
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Written by Dave Bohon
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Monday, 06 February 2012 12:30 |
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 Bureaucrats at the United Nations are floating the idea of a global tax on all financial transactions in order to fund the organization's over-arching, worldwide social services program which would supposedly provide individuals in need all over the world with such basics as free health care, housing, education, and even a basic income level.
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Written by Bob Adelmann
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Thursday, 02 February 2012 10:17 |
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 Just when CoreLogic, the California-based mortgage data provider, began to wax optimistic about the housing market, the Census Bureau and the S&P/Case-Shiller index doused their enthusiasm with some cold facts and daunting data.
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Written by Bob Adelmann
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Wednesday, 01 February 2012 15:01 |
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 In the summary of its “Budget and Economic Outlook” published on Tuesday, the Congressional Budget Office (CBO) noted the supportability of deficit spending even under its “alternative” analysis. Noted the CBO: “Even if the fiscal policies specified by current law come to pass, budgetary challenges over the longer term remain — and the challenges will be much more acute if those policies do not remain in place.” It added:
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