STAFF NEWS & ANALYSIS Showing 4951 - 4980 of 4980
Africa Becoming a Biofuel Battleground
September 11, 2008
You can argue as many do that central banking is a benign and necessary activity. Our take is that central banking is a destructive force because central bankers never know how much money is too much. And because the central bank always prints too much money, i ...
Paulson Placates China and Russia for Now
September 10, 2008
Sorry to return to the Fannie and Freddie bailout once again, but the totality of mortgages held by these two monsters is in excess of $6 trillion. The United States, in taking over these "companies" has basically socialized a major portion of its internal mark ...
Bank Insiders Purchase Own Stock at Fastest Pace in Two Decades
September 09, 2008
And so the myth of the savvy banker rolls on. You would think after decades of implosions, bankruptcies and general mayhem around the world that bankers might offer up a little humility alongside the inevitable gravitas. But such is not the case. These bankers ...
Mortgage Crisis Has Washington Putting Aside Free-Market Ideology
September 08, 2008
What free market ideology? The United States has a $3 trillion federal budget, a national debt the size of a black hole and a graduated income tax that drains wealth from the middle class (mostly) for the benefit of the wealthy. That Fannie and Freddie are to b ...
Dow Industrials Fall 340 Points
September 05, 2008
There is probably never a single good reason for equities in America or elsewhere to go either up or down. Trying to attribute a single, neat reason is a little like attributing a particular emotion or reason to "national will." Having said this, there are cert ...
$350 Million High School Finally Opens in Los Angeles
September 04, 2008
We've discussed the disturbing effects of central banking on American society many times in these pages. Certainly, the mechanism of central banking, its ability to print money out of nothing, has been in large part responsible for the shocking bloat of the US ...
UBS, Credit Suisse Face Leverage Cap, Regulator Says
September 03, 2008
The Swiss are doing their best to maintain their reputation as conservative bankers in a world that seems to be seeing one major financial institution after another tottering on the edge of ruin. But the only trouble with the Swiss insistence on retaining tradi ...
Alaska's 'Frustrated' Governor Palin on Our 'Nonsensical' Energy Policy
September 02, 2008
In this Investors Business Daily article written in July before Palin was picked as US Senator John McCain's VP candidate, the soon-to-be nominee expresses considerable frustration about the "nonsensical" position of the federal government as regards drilling i ...
Japan's Net Sales of Foreign Debt Reaches Record
September 01, 2008
While it is clear that top American officials will find some way of funding America's extensive debts, the lengths to which the central banking bureaucracy is willing to go is surprising in our estimation. What the above excerpt indicates is that US debt is bei ...
America: The World's Policeman?
August 29, 2008
We've stated that the Internet has aggravated the ferocity of this latest financial "crisis" in that it has come on harder and sooner than any hypothetical global elite might have preferred. But that doesn't mean, contrary to the article above, that those somew ...
Investment Banks See Opportunities in Crumbling Roads and Bridges
August 28, 2008
The kind of privatization that is being considered by American governments these days is actually not a return to the private marketplace that defined America during its wealth-creating heyday. Privatization actually means the provision of services by private e ...
The Global Consensus on Trade Is Unravelling
August 27, 2008
The trade agreements that have been negotiated over the past years by the East and West have tended to benefit the very largest manufacturers and marketers, many of the West. One of the beneficial effects of the rise of the Internet – and its culture of free- ...
Gold Reserves More Important Than Before Says Bundesbank
August 26, 2008
Or is it? Maybe this is big news, confirming what we have long suspected – that the world still runs on a "kinda-sorta" gold standard, whether super-financiers want to admit it or not. How is this possible? Just because there is not a formal agreement doesn't ...
Nobel Prize Winners Warn Financial System Is Still Not Out of the Woods
August 25, 2008
This is an astounding statement. It intimates that Keynesian "wage push" is a primary factor in a "wage-price" spiral. Yet inflation, as serious modern-day economists agree, is a monetary phenomenon. To indicate that a "wage-price" spiral can aggravate an infla ...
Lehman Cash Call 'Shunned' by China and Korea
August 22, 2008
The big boys who play in high waters probably never expected things to get so bad so quickly. It is beyond reason to think that those at the very top did not understand the breadth of the bubble and its intricacy – but timing is always tricky, as any investor ...
Canada Corporate ABCP Holders to Fight New Plan
August 21, 2008
In fact, it is one thing to file a suit in court and not receive satisfaction. It is another to have a ruling that makes it nearly impossible to achieve any just compensation right from the start. The Canadian courts, thus far, have made it very difficult for s ...
The Disconnect Between Supply and Demand in Gold & Silver Markets
August 20, 2008
Almost every day now comes word of a new glitch, a new hold up. Gold and silver are harder and harder to come by. Such scarcity remains explainable, at least if you believe the rationales. The US Mint for instance has seemingly stopped selling both gold and sil ...
Switzerland to Tighten the Screws on Banks
August 19, 2008
Thank goodness! Switzerland's central bank is going to make sure that Swiss banks have more assets to cover risk – and that they can't leverage their riskiest lending. These decisions are aimed in part at the giant Swiss bank UBS which has taken tens of billi ...
Conflict Narrows Oil Options for West
August 18, 2008
We've pointed out before that we think the search for oil and gas is more "racket" than real – and we're not dissuaded by the latest news coming out of Russia. Imagine, with all the oil and gas that there apparently is in the world, the great Western companie ...
U.S.: 47% Favor Government Mandated Political Balance on Radio, TV
August 15, 2008
All right, perhaps Americans aren't so smart when it comes to their Constitution, but at least they'll leave the Internet out of it. And it can't be that bad anyway, over there, since they're still free to poll. So let us ask the correct question: Who exactly i ...
Elder Bush: Keep Politics Out of Olympics
August 14, 2008
The Olympics ... Big business! Big money! And yes, big politics, too. No matter what former President Bush says, politics are inextricably linked to the games; in fact, it says a great deal that both Bushes, current president and former president, showed up in ...
Sovereign Funds Become Big Speculators
August 13, 2008
Doesn't this seem more and more to resemble some kind of high-level money transfer? Trouble is, it's so complex and occurs with so much money that regulators will probably never get around to figuring it out. Or more likely, everyone upstairs has already figure ...
U.S. Military Surprised by Speed, Timing of Russian Military Action
August 12, 2008
Of course, there are varying opinions about the current fighting between Russia and Georgia these days. The Internet is crackling with them. The Internet in fact is a wonderful device. If it had been present during the First World War, the reasons for that endl ...
Capitalism Lies in Shambles, and the Left Has Gone Awol
August 08, 2008
Prior to the arrival of the Internet, those who were doing the manipulation could find ready fodder in bright, active people who could easily be led into a leftist cul de sac. But it's a lot harder now because anyone with the aptitude to take a political positi ...
McCain Calls for Economic Surge
August 07, 2008
We don't mean to slam John McCain here as Barack Obama is no better when it comes to the "economic stuff" – at least not if you believe even a smidgen in free markets. But to be fair, McCain is running from the Republican Right, from the "conservative" and fr ...
McCain at Nuclear Plant Highlights Energy Issue
August 06, 2008
Here is the reason that the "energy" business is a racket. You will never, ever find cheap solutions offered. Oil? Drill offshore at $500 million a whack. Or build a nuclear power plant for a couple of billion. Are there ever any cheaper solutions? The kinds of ...
Royal Bank of Scotland Poised for Biggest Loss in UK Banking History
August 05, 2008
How exactly do the people running these big operations invest? Do they watch everyone else and then do the same thing? Do they figure that they can get away with it when others haven't? Surely, they understand business cycles. Surely, they understand what a man ...
Global Political Hypocrisy
August 04, 2008
You can bet Switzerland will be pulled into this Norwegian commission analysis-paralysis before it's all over. Why not? Switzerland seems in the congenital apology mode, with UBS apologizing all over the place. The spectacle of UBS apologizing to the US Congres ...
Merrill Fire Sale Just Another Ponzi Scheme
August 01, 2008
We are well into the "bunch of crooks" part of the business cycle. This is where most top-flight financial writers and analysts begin to tear into Wall Street with a vengeance. This is also the part of the cycle where topnotch journalists make their money on bo ...
Obama to House Dems: If Sanctions Fail, Israel Will Likely Strike Iran
July 31, 2008
One gets the idea that the drums are beating louder and louder and that little can stop continued speculation over yet another war – a third front for America and the "war on terror." Obama's remarks both point to this and tend to confirm a general trend of t ...
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