Archive for the Finance Category


Germany pings Geithner for Fed’s ridiculous QE2 tactic

International deiplomacy is usually conducted — with the exception of U.N. grandstanding — on a very polite level, with tough talk reserved for closed-door meetings. This makes the international response to the Fed’s $600-billion purchase of U.S. Treasury notes (QE2) exceptional for its frank criticism of the move. Germany’s Spiegel magazine interviewed that nation’s Finance [...]

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Mystery missile launch off Los Angeles: WTF?

UPDATE, 8pm: U.S. Navy admiral weighs in FoxNews’ Shepherd Smith interviewed Ret. Navy Admiral John Stufflebeem, who posited three possibilities: 1) a U.S. government agency, 2) “a private rocketeer,” or 3) “something sinister.” Stufflebeem stated that NORAD has sophisticated sensors scanning the visual and infrared spectrums, and if a launch doesn’t trigger alert thresholds, it [...]

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Hints of true financial “reform” coming our way

 Congressman Ron Paul will likely take over as chairman of the House’s monetary policy subcommittee. And he has some great ideas that could actually make a difference, says CNBC: “I will approach that committee like no one has ever approached it because we’re living in times like no one has ever seen,” Paul said in [...]

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“Destructive Tipping Point” at hand for U.S. economy; does Congress care?

When a guy who’s the former chairman of the President’s Council of Economic Advisors, and currently dean of Columbia University Business School, says the U.S. economy is going down the toilet, we should probably listen to him. R. Glenn Hubbard, the highly credentialed guy, is the one who says “America is very close to a [...]

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