Finally, the U.S. Treasury Department has figured out a way to reduce the federal debt – by giving money away. That may not make sense, but keep in mind that…
Mission Not-Quite Accomplished
Remember when the announced goal of quantitative easing (QE) was to reduce the unemployment rate to 6.5%? It’s now 6.6% and heading down. So can we expect QE to finally…
Economic Stagnation of Olympic Proportions
Russian President Vladimir Putin is a busy man. He’s found time to prop up Syrian dictator Bashar Assad, negotiate a face-saving chemical weapons deal with President Obama and support violence…
The Neverending Story
Why change? It’s been more than five years since The Federal Reserve Board began its quantitative easing program. We’ve had QE, QE 2, Operation Twist and the never-ending QE 3. …
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…