Cliffs, Nightmares, and Hidden Consumer Taxes

Written by Steven Hansen While watching Chairman Bernanke weave and bob in front of Congress this past week, I started to ponder what he said: The U.S. economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of this year. After rising at an annual rate of 2-1/2 …

The Conomy Game

by Lee Adler, The Wall Street Examiner The Legend of Bennie the Beard, Henry the Hitman, and Gangbankster Dealers (A True Story with Real Data and Real People) The Industrial Production news last week reminded me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and …

Economy Remains on Life Support

The economy is much weaker than the picture Chairman Bernanke painted, and it is likely further extraordinary monetary policy accommodation will be necessary. Bernanke gave the opinion that the economy was gaining enough traction to stand on its own without further accommodation. With the consumer only offering modest support and government spending contracting, he can only be correct if private investment increases significantly.