Treasury Secretary Jack Lew Warns Time Is Running Out To Lift Debt Ceiling … Says U.S. will be unable to pay its bills past end of February if Congress doesn't raise debt ceiling … The Treasury Department will run out of "extraordinary measures" to keep the government afloat by the end of February if Congress does not act to raise the debt limit, Treasury Secretary Jack L...Read More
Stocks unravel after factory report; Dow sinks 300-plus points … U.S. stocks were hammered on Monday, with benchmark indexes falling through key support levels after a gauge of factory activity disappointed, heightening concern about the economy before Friday's monthly jobs report. – CNBCDominant Social Theme: The Dow goes up until it doesn't.Free-Market Analysis: Once more the...Read More
Treasury Secretary Jack Lew Warns Time Is Running Out To Lift Debt Ceiling … Says U.S. will be unable to pay its bills past end of February if Congress doesn't raise debt ceiling … The Treasury Department will run out of "extraordinary measures" to keep the government afloat by the end of February if Congress does not act to raise the debt limit, Treasury Secretary Jack L...Read More
Stocks unravel after factory report; Dow sinks 300-plus points … U.S. stocks were hammered on Monday, with benchmark indexes falling through key support levels after a gauge of factory activity disappointed, heightening concern about the economy before Friday's monthly jobs report. – CNBCDominant Social Theme: The Dow goes up until it doesn't.Free-Market Analysis: Once more the...Read More
A central banker's 'license to lie' … Federal Reserve Chairman Ben Bernanke, who retires this week as the world's most powerful central banker, cannot be trusted. Neither can Janet Yellen, who will succeed him this weekend at the Federal Reserve. And neither can Mark Carney, governor of the Bank of England; Mario Draghi, president of the European Central Bank, or any of their...Read More
'Hidden away' in Deregulation Bill – plan to make it easier for police to seize journalistic material … The Newspaper Society has urged the Government to withdraw plans to change the law to make it easier for the police to seize journalistic material. The changes to the Police and Criminal Evidence Act 1984 are included in clause 47 of the Deregulation Bill which has its second...Read More
A central banker's 'license to lie' … Federal Reserve Chairman Ben Bernanke, who retires this week as the world's most powerful central banker, cannot be trusted. Neither can Janet Yellen, who will succeed him this weekend at the Federal Reserve. And neither can Mark Carney, governor of the Bank of England; Mario Draghi, president of the European Central Bank, or any of their...Read More
'Hidden away' in Deregulation Bill – plan to make it easier for police to seize journalistic material … The Newspaper Society has urged the Government to withdraw plans to change the law to make it easier for the police to seize journalistic material. The changes to the Police and Criminal Evidence Act 1984 are included in clause 47 of the Deregulation Bill which has its second...Read More
Deal or no deal? American politics may be becoming a bit less dysfunctional. In big annual speech to Congress, Barack Obama made several promises. He pledged to raise the minimum wage for those contracted to the federal government, to create a new tax-free savings bond to encourage Americans to save, to work for the closure of the Guantánamo Bay prison, to push immigration reforms and to ve...Read More
World risks deflationary shock as BRICS puncture credit bubbles … As matters stand, the next recession will push the Western economic system over the edge into deflation … It is a remarkable state of affairs that the G2 monetary superpowers – the US and China – should both be tightening … Half the world economy is one accident away from a deflation trap. – UK Te...Read More
Deal or no deal? American politics may be becoming a bit less dysfunctional. In big annual speech to Congress, Barack Obama made several promises. He pledged to raise the minimum wage for those contracted to the federal government, to create a new tax-free savings bond to encourage Americans to save, to work for the closure of the Guantánamo Bay prison, to push immigration reforms and to ve...Read More
World risks deflationary shock as BRICS puncture credit bubbles … As matters stand, the next recession will push the Western economic system over the edge into deflation … It is a remarkable state of affairs that the G2 monetary superpowers – the US and China – should both be tightening … Half the world economy is one accident away from a deflation trap. – UK Te...Read More
Canadian Mutual Fund Adviser, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846Most investment strategies stress one of two approaches. One of these is to chase after the action; that is, buy and sell often, in hopes of getting into markets or sectors that are rising and getting out with some of your profit intact, or at least with limited losses. The other, the one w...Read More
Money Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846VERESEN INC. Veresen is the former Fort Chicago Energy Partners L.P., and is principally invested in the energy infrastructure business. It has interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; a midstream business with interests in a natural gas liquids;...Read More
Consign forward guidance to the bin … It would be better for the Bank of England to go back to the simplicity of inflation targeting "With a solid recovery finally in prospect, the earlier the Bank of England ditches the extra stimulus that is no longer required the better" The Bank of England's forward guidance is achieving nothing useful and could become dangerous. It is time...Read More
Why 'anti-European populists' won't win big in the European elections … For months EU politicians have been warning us about the upcoming elections for the European Parliament (EP), to be held in May in all 28 member states. European Commission President Jose Barroso recently predicted "a festival of unfounded reproaches against Europe" as a consequence of the EU-wide &...Read More
Consign forward guidance to the bin … It would be better for the Bank of England to go back to the simplicity of inflation targeting "With a solid recovery finally in prospect, the earlier the Bank of England ditches the extra stimulus that is no longer required the better" The Bank of England's forward guidance is achieving nothing useful and could become dangerous. It is time...Read More
Why 'anti-European populists' won't win big in the European elections … For months EU politicians have been warning us about the upcoming elections for the European Parliament (EP), to be held in May in all 28 member states. European Commission President Jose Barroso recently predicted "a festival of unfounded reproaches against Europe" as a consequence of the EU-wide &...Read More
Iraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia's grip on the Organisation of Petroleum Exporting Countries. "We feel the world needs to be assured of fuel for economic growth," Hussain al-Shahristani, Deputy Prime Minister for Energy in Iraq told oil industry d...Read More
From Austerity to Abundance: Why I Am Running for California Treasurer … Governor Jerry Brown and his staff are exchanging high-fives over balancing California's budget, but the people on whose backs it was balanced are not rejoicing. The state's high-wire act has been called "the ultimate in austerity budgets." … There is another way to balance a state budget, one th...Read More