Results 301–319 of 319 found.
The Economy: Worst Five Years Since the Depression
While the many facts and figures below are disappointing, even depressing, Americans need to know the truth about the real state of our economy and our union. Consider what follows as a rebuttal to President Obama's speech tonight. Feel free to forward this to as many people as you wish.
GDP Report Tanks - Is A Recession Looming?
We will cover a lot of ground today. We begin with a new report from Goldman Sachs which argues that the US economy will remain the strongest in the world for many more years. The report rebuts claims that America is a nation in decline. Quite the contrary, say Goldman analysts who claim that there is a growing"awarenessof the key economic, institutional, human capital and geopolitical advantages the U.S. enjoys over other economies."
U.S. Debt Crisis End-Game Looms in 3-5 Years
Last week, one of the most respected research groups in the world predicted that the US likely has only 3-5 years before the wheels fall off and the world is thrust into a major financial crisis, possibly even a depression. We'll talk about all of these things as we go along today. But before we go there, let's take a brief look at the economy before tomorrow's advance (first) estimate of 4Q GDP.
Gun Control & How To Play Upcoming Debt Battles
Ever since the tragedy on December 14 at Sandy Hook Elementary School in Newtown, Connecticut occurred when Adam Lanza senselessly murdered 26 people (20 children and six staff) and then himself there has been a growing cry from millions of Americans for some kind of new gun controls. And the current occupant of the White House is all too happy to oblige. Last week, the president unveiled the most sweeping new gun control laws since the so-called Brady Bill was passed in 1993, requiring background checks on firearm purchasers in the US. Obama's proposals go much further as I will discuss.
Obama Claims We Don't Have A Spending Problem
There's a lot to talk about this week. A lot of my contemporaries are offering their predictions for the New Year. But with our nation now over $16 trillion in debt and annual budget deficits over $1 trillion, I don't think there is any way to accurately predict what will happen this year. Another financial crisis could rear its ugly head just about any time.
Finally, a Solution to the Income Investing Dilemma
There's an endangered species in the investment industry today and it goes by the name of "yield." With continued downward pressure from the Federal Reserve, both short-term and long-term interest rates have been held to artificially low levels. And each new announcement from the Fed seems to extend the outlook for low interest rates farther into the future.
Fed Announces QE4 Starting Next Year
I continue to believe that President Obama is willing to let the economy go over the cliff and blame the Republicans. Obama is hell-bent on raising taxes on those in the top two brackets; he campaigned on it; and I dont think he will back off. It remains to be seen if the Republicans will cave.
On The Economy & Capitalism vs. Socialism
Today we look at a Pew Research Center survey that polled Americans for their feelings about capitalism versus socialism. The survey included all races, different ages and various income groups. I think it's safe to say, this survey will SHOCK YOU!
...'Til Debt (Limit) Do Us Part
Last week I discussed the "fiscal cliff" and the political battle that entails. If lawmakers cant come together for a solution before the end of the year, the economy is almost certainly headed for a recession or worse in 2013 and beyond. But there's a potentially even bigger battle coming up in the next couple of months.
Weekly Commentary & Outlook
Obviously, I am very discouraged with the outcome of the election. The main mistake Spencer and I made (and others including Gallup, Rasmussen, Pew, Rove, Morris, etc., etc.) in our pre-election analysis was to significantly underestimate the turnout rates among Democrats. The widely-held view that Democrats were unenthused and wouldn't turn out to vote, as suggested by numerous pollsters, was simply wrong. Obama won both the popular vote and the Electoral College comfortably.
Forecasts & Trends
Last Friday's unemployment report for October had the headline rate rising from 7.8% to 7.9%, in line with expectations. However, the pleasant surprise was that the economy created 171,000 new jobs last month, well above the pre-report consensus of 125,000 and above the average monthly increase of 157,000 jobs this year. That's the good news.
What Really Happened in Benghazi on Sept. 11
I've been taking a lot of flak from the Obama supporters in this audience over the past few weeks. Some are demanding that I stick to economic and investment issues and stop criticizing the president. Sorry liberals, but I have long maintained that who we elect to run the country has a big impact on the economy and therefore investment trends.
The Supreme Court Hangs in the Balance
The airwaves are overflowing with intense discussions about President Obama's and Governor Romney's positions on a variety of issues. What we don't hear much talk about is the likelihood that our next president will get to appoint at least a couple of justices to the Supreme Court. Depending on the outcome of the election, the balance in the High Court could shift significantly. With that in mind, let's focus today on what's at stake for the highest Court in the land, and therefore all of us.
Understanding How "Debt Deleveraging" Works
For many years, I have warned that our massive explosion in federal debt (up 50% just since Obama took office) would one day stifle economic growth. Obviously economic growth is currently stifled, what with the weakest post-recession recovery in decades. But the question remains as to whether our massive national debt and trillion-dollar budget deficits are the main reason for the disappointing recovery.
Will America Be Greece in Four Years?
The US national debt topped $16 trillion last week, and it was almost as if no one paid attention. At the rate we are going, the national debt will top $20 trillion just four years from now in 2016. In my August 21 E-Letter, I pointed out just how mind-boggling a trillion dollars is. Lets revisit that analogy of a trillion in terms of time.
September: A Rough Month for the Markets?
September is often a bad month for the stock markets, historically speaking, and this year it could be especially turbulent. In addition to all the uncertainty about the weak US economy, there is uncertainty about what the Fed may do just ahead and what, if anything, will be done to address Europe's recession and debt crisis. In addition, there is the looming presidential election which no doubt will go hyperbolic this month.
"Curiosity" - Return of American Exceptionalism
The IRS regularly issues something called Individual Tax Identification Numbers to people living in the US, but who are not eligible for a Social Security number. These illegal aliens working in the US received $6.8 billion in tax refunds last year by filing. A number of IRS employees recognized that this is/was tax fraud. We could end $2.5 billion in government waste like paying almost three times that much in tax refunds to illegal aliens to pay for invaluable missions like Curiosity.
GDP Report: "Good News" - You've Got to be Kidding!
We dissect last Fridays controversial 2Q GDP report, which most found disappointing but some in the mainstream media found encouraging (ie at least were not in a recession). From there, well discuss the Feds latest monetary policy meeting that ends tomorrow. The stock markets rallied strongly last week, partly on perceived good news from Europe, and partly because of renewed expectations that the GDP report would be weak enough to move the Fed to enact QE3.
How to Avoid the Bursting of the Bond Market Bubble
This letter is the first in a series that I hope you will take very seriously. U.S. interest rates are at record lows. Meanwhile, Obama and Congress are sky-rocketing the national debt. We all know this cant go on much longer.
Results 301–319 of 319 found.