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  • DEBT CEILING & BUDGET DEFICIT DEBATE – THE SECRET ROOT OF THE “PROBLEMS”

    DEBT CEILING & BUDGET DEFICIT DEBATE – THE SECRET ROOT OF THE “PROBLEMS”

    Is it a surprise that during the last five years Federal Reserve Bank actually has accounted for about 25% of the Federal Budget Deficit and a 5 trillion dollar increase in the US National Debt? Yes, if we were to reverse the extraordinary five year asset purchase scheme of the Fed our debt would now […]

  • What’s Next?

    What’s Next?

    Now that the House of Representatives and certain Republican-led states are presiding over the illnesses and deaths of the children of the disenfranchised, what is next? Next on the Right Wing agenda is not a default. The full faith and credit of the United States of America’s debt and interest payments will be met with Republican cooperation – AND […]

  • CRAZY! CUCKOO! STRATEGIC?

    CRAZY! CUCKOO! STRATEGIC?

    Could it be that the House Republicans have been coached in a plan to close down as much of the US Government as possible for as long a period as possible? Why? Well, the Libertarian, now Tea Party, has ALWAYS rested on a platform of less government. We now have less government, far less government […]

  • Debt Ceiling: Foolishness in Action

    Debt Ceiling: Foolishness in Action

    The President, the Fed and the Treasury must not allow political strife to destroy the financial future of the nation and, perhaps, the world. A Show Stopper The Federal Reserve Bank as a result of the QE programs, has accumulated holdings of US debt in excess of three trillion dollars. This debt has been issued […]

  • A Basis for Agreement (Ending the Qs)

    A Basis for Agreement (Ending the Qs)

    It has been eight months since I last set foot in the socio-economic world. So much of what we explored came to fruition the writing was becoming repetitive. Today there is much chatter about the role of the Fed, its Q program, and Fannie Mae and Freddie Mac, guarantees of mortgage paper; an opportunity for […]

DEBT CEILING & BUDGET DEFICIT DEBATE – THE SECRET ROOT OF THE “PROBLEMS”

Is it a surprise that during the last five years Federal Reserve Bank actually has accounted for about 25% of the Federal Budget Deficit and a 5 trillion dollar increase in the US National Debt? Yes, if we were to reverse the extraordinary five year asset purchase scheme of the Fed our debt would now […]

What’s Next?

Now that the House of Representatives and certain Republican-led states are presiding over the illnesses and deaths of the children of the disenfranchised, what is next? Next on the Right Wing agenda is not a default. The full faith and credit of the United States of America’s debt and interest payments will be met with Republican cooperation – AND […]

CRAZY! CUCKOO! STRATEGIC?

Could it be that the House Republicans have been coached in a plan to close down as much of the US Government as possible for as long a period as possible? Why? Well, the Libertarian, now Tea Party, has ALWAYS rested on a platform of less government. We now have less government, far less government […]

Debt Ceiling: Foolishness in Action

The President, the Fed and the Treasury must not allow political strife to destroy the financial future of the nation and, perhaps, the world. A Show Stopper The Federal Reserve Bank as a result of the QE programs, has accumulated holdings of US debt in excess of three trillion dollars. This debt has been issued […]

A Basis for Agreement (Ending the Qs)

It has been eight months since I last set foot in the socio-economic world. So much of what we explored came to fruition the writing was becoming repetitive. Today there is much chatter about the role of the Fed, its Q program, and Fannie Mae and Freddie Mac, guarantees of mortgage paper; an opportunity for […]

Money Laundering & Art: The Law Vs. the Perception of the Law

Today there appeared on the front page of the New York Times an article, “Valuable as Art, but Priceless as a Tool to Launder Money” (click to read). About a month ago we sent out a commentary, “The Raid: A Highly Regulated Art Market in Sight,” (click to read) with a N.Y. Times article attached, […]

The Raid: A Highly Regulated Art Market in Sight

TODAY’S raid by Federal agents on the Nahmad Gallery should be viewed as a small part of the puzzle leading to heavy regulatory controls on the entirety of the art industry. Art and art-related transactions have remained relatively untouched by either Federal or local governments. The raid on Nahmad Gallery is the first significant step in what […]

Debt Ceiling

Happy New Year to all. A lot of fanfare and hoopla about a non-existent debt ceiling has captured the imagination of the press, the Tea Party, and even the President. The United States of America is more than three trillion dollars from the so called “Debt Ceiling.” Why? A sidebar of the Fed’s massive giveaway […]

Politico Economic Musings

The banking and mortgage placement community is earning more than ten times the norm on new mortgages entered into today! It works like this… The institution grants a mortgage at a 3%-4% spread from their cost of money. Their cost of money is, more or less, zero, thanks to Fed policy. The mortgage is then […]

Some Political Musings: Romney at War

We have finally figured out the one issue on which Governor Romney is consistent: War. Make economic war on China for providing goods to the world less-expensively and more efficiently than anyone else. Make war in the Middle East economically and otherwise for those countries not sharing our political and religious views nor, any longer, […]