Markets

Paul Krugman Has Got His Social Security Facts Wrong

[credit provider=”Bruce Krasting” url=”http://brucekrasting.com/on-senator-ron-johnson-vs-krugman/”] Paul Krugman had another of his nasty moment on TV Sunday when he took on Senator Ron Johnson (R, WI) (ABC -Link). The topic was Social Security. I want to throw my two cents into this fray.Senator Johnson made the comment:
Paul Krugman Has Got His Social Security Facts Wrong
Markets

The White House Closing To The Public Isn’t Just About Saving A Few Bucks

[credit provider=”Bruce Krasting” url=”http://brucekrasting.com/on-closing-the-white-house/”] So the White House is closing its doors to the public today. Budget cuts related to the sequester are the blame.The WH tours are closed after a decision by the Secret Service that it could not afford to maintain security. The savings for shuttering the WH […]
The White House Closing To The Public Isn’t Just About Saving A Few Bucks
Markets

White House Report On Sequester Cuts Will Make You Sick

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:WhiteHouseSouthFacade.JPG”] The Office of Management and Budget (OMB) has come out with a detailed breakdown of the spending cuts associated with the sequester (LINK). This is one heck of a document, it runs 83 pages.Those who believe that government is too big should spend some time looking this […]
White House Report On Sequester Cuts Will Make You Sick
Markets

Obama’s New Bonds Are Clearly A Gimmick To Hide Debt

[credit provider=”brucekrasting.com” url=”http://brucekrasting.com/treasury-shoots-itself-in-the-foot/?utm_source=rss&utm_medium=rss&utm_campaign=treasury-shoots-itself-in-the-foot”] The Treasury Department came out with some proposals on how to fund infrastructure investments. Nothing new; an infrastructure bank that would borrow money outside of the government using government guarantees, and a newfangled debt instrument called:
Obama’s New Bonds Are Clearly A Gimmick To Hide Debt
Markets

A Raid Is Coming On Social Security

Every politician in America knows that Social Security (SS) is a third rail. Any Pol who tries to mess with the country’s largest and most popular entitlement program is going to have the likes of the AARP coming after them. It’s not possible to win an election on a platform […]
A Raid Is Coming On Social Security
Markets

The Monetary Authorities Have Complete Control Of The Markets

The comment, earlier today, from the Japanese Economics Minister, Akira Amari, that the Yen exchange rate was now “ in line with fundamentals”, and the market’s quick back-up reaction, got me a laugh, and has me thinking. Have things changed so much? Or is this just an illusion?
The Monetary Authorities Have Complete Control Of The Markets