March 28th, 2014
in Op Ed
by Mark Thornton, Ludwig von Mises Institute
President Barack Obama has recently released his budget in which he calls for an “end of austerity.” This is an amazing statement from a president whose government has spent the highest percentage of GDP in history and added more to the national debt than all past presidents combined. What must he mean by austerity?
There are demonstrations around the world over austerity on an almost daily basis. It is condemned as an evil poison for tough economic times while others tout it as the elixir for economic depressions.
by Michael Lombardi, Profit Confidential
Compared to the past two years, the U.S. housing market will not have a great year in 2014.
In fact, key indicators are now pointing to a top in the housing market recovery:
The National Association of Home Builders/Wells Fargo Housing Market Index fell to 47 in March, coming down more than 16% from 56 in January. (Source: National Association of Home Builders, March 17, 2014.) When this index is below 50, homebuilders view housing market conditions to be poor. This tells me that those who are closest to the housing market-the homebuilders-are becoming concerned.
by Lee Adler, Wall Street Examiner
The seasonally adjusted headline number for February Industrial Production crushed economists' expectations, coming in at a month to month gain of 0.6% versus the pros' guesstimate +0.1%.
Wall Street Examiner Professional Edition readers weren't surprised because throughout February we had seen that Federal withholding tax data was showing exceptionally strong gains year to year. That told us that the dour forecasts of clueless economists who were watching the weather, rather than real time hard data, were wrong. We had a good idea that the subsequently released data would surprise on the upside.
March 26th, 2014
in Op Ed
by Dr. Elizabeth Lee Vliet, AAPS Online
The March 31 deadline for enrolling in Obamacare looms over the undecided. Millions of Americans have lost their private health insurance policies because they do not comply with the costly, expanded requirements of the new healthcare law.
Congressman Mike Rogers asked a poignant question: "Why punish the 85% who have earned healthcare coverage under their employer to cover the 15% who do not?" But punishment is exactly what Democrats who voted for Obamacare have done.
Written by Frank Li