What does today’s stock rally equal in past markets? About half as much.
The Dow Jones Industrial Average (INDU) reached 12,045.68, up 490.05 points from yesterday’s close. Adjusting for the market’s volatility in 2011, the gain is equal to about 240 points in the first nine years of the last decade, Bloomberg data show.
Europe’s sovereign debt crisis has fueled some of the biggest stock swings ever during the last four months. The Standard &... (more)
If you live in the United States of America, you live in a giant prison where liberty and freedom are slowly being strangled to death. In this country, the control freaks that run things are obsessed with watching, tracking, monitoring and recording virtually everything that we do. Nothing is private anymore. Everything that you do on the Internet is being monitored. All of your phone calls are being monitored. In fact, if law enforcement authorities suspect that yo... (more)
American statists just don’t get it. They see what’s happening with Greece, and yet steadfastly continue down the same road here in the United States. With Americans unable to let go of warfare-state programs and welfare-state programs, federal spending and borrowing continue to soar, hurtling the nation toward the same financial bankruptcy that now confronts Greece.
The situation in Greece is not a complicated one. Under its welfare state, the Greek government taxes... (more)
I am a 58-year-old American male and former military officer who has had the opportunity to travel throughout the world. No, I never participated in any war and am happy I haven’t. I was a PAO or Public Affairs Officer, gallantly writing my way through enemy lines. I lived for a while in Panama and Japan, but experienced brief visits to many other countries. Some of these visits were on official business and others were for pleasure. After leaving the military, I began to take long... (more)
About a month ago, I posted in regard to what I called “the euthanasia of the saver.” This comment had to do with the fact that nominal interest rates in the United States for financial investments such as bank certificates of deposit and bank savings accounts—the kinds of investments traditionally employed by retired persons and small savers, who wish to gain income without ex... (more)
Every once in a while, I get tired of arguments around here, trying in some way or other to justify freedom and liberty. One can go overboard with this stuff.
After all, does one need a PhD in Philosophy to understand freedom? Of course not. Everybody already understands it. It’s just doing whatever the Hell you want to do. No justification is needed.
Of course we always seem driven to include the extraneous qualification, “as long as we don’t ha... (more)
RIP Patrice O'Neal! I loved this guy so much, he was funnier and funnier every time I would see him, he was on fire during the Charlie Sheen Roast! He really cared about the truth, too, and he wasn't afraid to say it. I'll miss him a lot! - Chris, InfoLib
Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co. (JPM)
Now, amid tumbling home prices and near-record foreclosures, attention was focused on a new source of contagion: Fannie Mae (FNMA) and Freddie Mac, which together had more than ... (more)
Dr. Marc Faber back in Zurich Switzerland and in the university of Zurich where he studied economics he tells how he got influenced by the Austrian economics in the Zurich University : "well if I could go back in life I I will definitely study again economics , what I have noticed in life is if you are a ... (more)
In 1996, you introduced a bill that would have given the death penalty to drug smugglers. Do you still stand by that?
I think if you are, for example, the leader of a cartel, sure. Look at the level of violence they've done to society. You can either be in the Ron Paul tradition and say there's n
Who knew "failing to stay within a single lane" was a crime? Is that really not covered under "reckless driving" laws? Apparently, in Delaware they'll not only pull you over for it, they'll steal everything you have in your car.
"That's why you shouldn't bring kids to protests."
This taunt, which issued from the sneering lips of an armored riot policeman, struck Don Joughin with the force of a billyclub as he tried to comfort his children – a three-year-old and a newborn – after they had been showered with a chemical agent by a riot policeman.
That assault did not take place during any of the recent “Occupy”-inspired protests. It occurred in August 2002, during a fu... (more)
WISC-TV, the CBS affiliate in Madison, reports that Grant County, Wisconsin, District Attorney Lisa Riniker, who charged a 6-year-old boy with first-degree sexual assault becaused he played doctor with a 5-year-old girl, has obtained a gag order that prohibits his parents, who have sued Riniker and two other county officials, from talking ... (more)
Scott Olsen, the Iraq War veteran injured at the Occupy Oakland encampment on Oct. 25th has since been released from the hospital and gave his first interview yesterday (posted this morning Mon. Nov. 28, 2011) on indybay.org by Dave Id. *Note: As Scott himself states in the interview his speech has been affected - a result of brain damage to his left frontal lobe - the... (more)
While Tea Partiers have been venting their spleens about the $700 billion in TARP money that congress threw at the banks in order to keep the modern financial system from collapsing, Bloomberg went to court to obtain documents to shed light on how much dough the Federal Reserve really provided the banks during the 2008 meltdown.
The banks and the Fed fought against revealing this information all the way to the Supreme Court. The 29,000 pages reveal “Banks worldwide earned... (more)
On the Monday, November 28 edition of the Alex Jones Show, Alex talks with investment broker, author and CEO and chief global strategist of Euro Pacific Capital Inc., Peter Schiff. Peter will talk about the MF Global swindle and the secret trillions in bailouts showered on the bankers by the Federal Reserve.
Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe's sovereign-debt turmoil.
The U.S., the U.K. and nine other nations, along with the European Central Bank, have bolstered monetary stimulus in the past three months. Six more countries, including Mexico and Sweden, probably will cut benchmark interest r... (more)
SocGen has released its much anticipated Multi Asset Portfolio Scenario/Strategy guide titled simply enough "Patience: bad news will become good news" where, as the insightful can guess, the French bank makes the simple case that the worse things get, the stronger the response by global central banks will be. Here is the key quote for those worried that : "A major liquidity crisis should not occur this time, as we think we are on the eve of major QE in the UK, US and (a ... (more)
The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus, injecting more money into the economy by purchasing mortgage securities instead of Treasuries.
Fed Chairman Ben S. Bernanke and his fellow policy makers, who bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June, will start another program next quarter, 16 of the 21 primary dealers of U.S. government securities that trade with the central bank said i... (more)
