The Keynesian myth of mandating prosperity actually hurts the lower middle class and the working poor Something for nothing is appealing to voters, so politicians make empty promises that are good politics but bad economics A Seattle-based company called Gravity Payments has instituted a minimum salary of $70,000/yr This has given him great publicity, but …
Minimum Wage, Maximum Stupidity – Ep 78 Read More »
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S&P and the NASDAQ made new record highs Stock market continues to ignore all the bad news about the economy Bad news is not being ignored in the foreign exchange markets Negative economic news is buoying the stock market because it removes fear of interest rate hikes Weak economy means more cheap money which means …
Do the Swiss Envy Canadians Paying Higher Prices? – Ep 77 Read More »
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Markets have been volatile but economic data still looking bad Chicago Fed National Activity Index: contrary to expectations, came in at -.42 in addition a downward correction for last week to a 2-year low Weekly Redbook Same Store Sales Survey down to lowest annual increase in 4 years with a dramatic rate of decline in …
Inflation Is The One Promise Central Banks Can Deliver – Ep 76 Read More »
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Disney’s theme parks are a monument to capitalism as it existed when Walt Disney envisioned Disneyland The Hall of Presidents, however manages to honor presidents who supported big government over the free market The choice of presidents demonstrates revisionist history that supports the liberal, big-government narrative Whenever you expand government you contract liberty The Dow …
Disney World, Paul Krugman, and Market/Economic News – Ep. 75 Read More »
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Dollar usually drops on bad news but rallies because traders automatically buy on the dip Bad news is dismissed because the first quarter “doesn’t count” This puts greater pressure on the last 3 quarters to make up for the first quarter and still show growth Expectations of a bump similar to last year are based …
Bad Economic News… When It Rains, It Pours – Ep 74 Read More »
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By: Peter Schiff, President and CEO Euro Pacific Capital & Russell Hoss, Portfolio Advisor at New Sheridan Advisors Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas, there have always been some aspects of the country’s commercial and financial system that loudly broadcast the …
Markets continue to rally worldwide Record highs overseas – much more action in Asia Markets riding a sea of liquidity Gold had an interesting week, closing at 1207 The dollar had one of its best weeks in months In terms of other currencies gold was at a 2-year high This means that the euphoria about …
Markets, Economic Data, & The Ben Bernanke Book – Ep. 73 Read More »
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Big double standard in the media regarding “sexism” Rolling Stone story based on complete fiction about a woman who claimed she was raped in a fraternity house The reporter accepted the woman’s story without checking sources After the facts were out, the reporter apologized to everyone except the men who were falsely accused and the …
Sexist Female Reporter Refuses to Apologize to Male Victims – Ep. 72 Read More »
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Media’s take: Why run for President if you can’t win? “He’s too Libertarian to win” “He is not as Libertarian as his father” “Rand Paul is closer to the mainstream than his father” His chances are as good as anyone’s at this point He is actually closer to his father than he is to the …
Media’s “Rand Paul Can’t Win” Nonsense – Ep. 71 Read More »
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When employers empower certain groups with special privileges they become clubs with which to beat the employer Employers are then reluctant to put themselves in a position to be bashed with that club Large companies must prove diversity and go out of their way to hire minorities That kind of discrimination is the right of …
Frontline Perspective on the Government’s War on Liberty – Ep. 70 Read More »
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