Simon Jenkins … apologised to the Germans for the forthcoming "avalanche of often sickening Great War memorabilia, largely at their expense. It will be the British at their worst: sanctimonious, self-congratulatory, worshipping at the tomb of the unknown, awful German." The war was nothing more than a pointless grinder, churning millions of bright young men into fertiliser for the...Read More
Coming to a Post Office Near You: Loans You Can Trust? … The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder. But it doesn't have to be this way. In the same remarkable report this week, the OIG explored the possibility of the USPS offering basic banking services – bill paying, check cashing, small loans – to its custom...Read More
Simon Jenkins … apologised to the Germans for the forthcoming "avalanche of often sickening Great War memorabilia, largely at their expense. It will be the British at their worst: sanctimonious, self-congratulatory, worshipping at the tomb of the unknown, awful German." The war was nothing more than a pointless grinder, churning millions of bright young men into fertiliser for the...Read More
Emerging markets risk repeating eurozone blunder of synchronised tightening. Where have [we] seen this screenplay before? A string of countries tighten policy at the same time – some drastically – in order to prevent capital flight and show investors how tough they can be. Turkey, South Africa, and India all raised rates last week. Brazil and Indonesia did so before. Chile, Peru, Hunga...Read More
Justice Antonin Scalia says World War II-style internment camps could happen again … Justice Antonin Scalia predicts that the Supreme Court will eventually authorize another wartime abuse of civil rights such as the internment camps for Japanese-Americans during World War II. – WashingtonExaminerDominant Social Theme: Whatever is happening is fully justified and in the best interests o...Read More
Emerging markets risk repeating eurozone blunder of synchronised tightening. Where have [we] seen this screenplay before? A string of countries tighten policy at the same time – some drastically – in order to prevent capital flight and show investors how tough they can be. Turkey, South Africa, and India all raised rates last week. Brazil and Indonesia did so before. Chile, Peru, Hunga...Read More
Justice Antonin Scalia says World War II-style internment camps could happen again … Justice Antonin Scalia predicts that the Supreme Court will eventually authorize another wartime abuse of civil rights such as the internment camps for Japanese-Americans during World War II. – WashingtonExaminerDominant Social Theme: Whatever is happening is fully justified and in the best interests o...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
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