Federal Reserve

An Economic Puzzle – Consumer Confidence Hits Six Year High While Majority of Americans Say U.S. Still in Recession

An Economic Puzzle - Consumer Confidence Hits Six Year High While Majority of Americans Say U.S. Still in Recession

If everyone from the Fed Chairman on down to the average man in the street seems confused about how the economy is doing, well, it’s because they are. The economy is still in a recession, a depression […]

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Federal Reserve has forced long term interest rates to historic lows in a desperate attempt to “stimulate” both the housing market and the economy in general.  The results have been mixed but the benefits of lower […]

Optimists On Housing Recovery May Have To Wait Another Decade – Humpty Dumpty Vs The Fed

Optimists On Housing Recovery May Have To Wait Another Decade - Humpty Dumpty Vs The Fed

It wasn’t supposed to be like this. Housing prices were never supposed to decline year over year. Economic depressions were supposed to be a relic of the past. If the economy weakened, the Fed would fix everything […]

Nine Reasons Why You Should Absolutely Not Own Gold

Nine Reasons Why You Should Absolutely Not Own Gold

As the mainstream press becomes more aware of gold’s decade long advance, the chorus of reasons for not owning gold seems to become louder ever day.   What if the conventional thinkers are correct?  Is gold an over […]

Americans Stubbornly Deny All Time High In Personal Income

Americans Stubbornly Deny All Time High In Personal Income

American workers should be celebrating the latest numbers from the U.S. Department of Commerce that show personal income at all time highs.  Since taking a rather sharp dip during the recession of 2008-2009, personal income has soared […]

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Fed Sees Solution In Zero Rates The Federal Reserve recently vowed to keep interest rates “exceptionally low”  for the foreseeable future in an attempt to revive the economy.   Since mid 2006 the Fed has brought the […]

Feds Finally Move To Restrict Excessive Bank Compensation And Risk

Bailout Funds Go To Bank Bonuses Banks that lost billions of dollars on speculative  investments and poor loans have routinely been awarding thousands of employees massive bonus payments.  Ironically, the only reason many of these banks are […]

Greenspan Revisionist Babble

Greenspan Revisionist Babble

Debt Is The Greenspan Legacy Alan Greenspan, former Federal Reserve Chairman, today expressed his concern about the level of the US national debt. Sept. 16 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said he’s worried that […]

Artificial Mortgage Rates Drop To 4.75%

Artificial Mortgage Rates Drop To 4.75%

Fed Manipulation Of Mortgage Rates Continues Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage.  As […]