My proposal to Congressman Joe Heck

“The art of economics consists in looking not merely at the immediate, but at the longer effects of any act or policy; it consists in tracing consequences of that not merely for one group, but for all groups.” -Henry Hazlitt

Congressman Heck is trailing Mitt Romney in the valid solutions . . . → Read More: My proposal to Congressman Joe Heck

Reality Shining Through

BofA is apparently forecasting another downgrade:

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

The trigger would be a likely failure by Congress to agree on . . . → Read More: Reality Shining Through

Hey Anthony Weiner Look At The Scoreboard In Gold Ounces

I am grateful that a reader recently suggested to me the idea for this post about Anthony Weiner and I will carry over his sentiment. One thing I find particularly funny and stupid is when people with no marketable skills, ability to generate wealth, who lack prognostication skill and have a terrible record of . . . → Read More: Hey Anthony Weiner Look At The Scoreboard In Gold Ounces

Does Dina Titus Support Wild Speculators?

As I articulated in a previous commentary, if the Fed stays loose to prop up the bond market, this will only undermine the bond market.  In real terms, the bond market tanks.

Now the Fed might be able to prop up the bond market in nominal terms, but what this will do is precipitate . . . → Read More: Does Dina Titus Support Wild Speculators?

Whose Fault Is It? Assigning Blame for Tough Times at Home

With the recent turnaround in the stock market, happy days are here again, at least for a minute. And yet, if you are very, very still, you will a hear a faint rustling in the background, like something scary sneaking up on a rabbit.

That rustling you hear is everybody sneaking around looking . . . → Read More: Whose Fault Is It? Assigning Blame for Tough Times at Home