12.18.2014 in Economy, Featured by NetRight Daily 1

Oil price led by drop in consumption

  By Robert Romano So far, the story that has been written on the dramatic drop in the price of oil has been that of an increase of supply. This part is true, based on data compiled by the Energy Information Agency. Worldwide production of oil is in fact up year over year as of August, from 89.9 million barrels […]

12.16.2014 in Economy, Featured by NetRight Daily 0

Oil price stimulus is better than Obama stimulus

By Rick Manning The free market miracle that is U.S. domestic energy production keeps going as domestic oil production, particularly that generated by hydraulic fracturing shale, has produced a massive economic stimulus. How much stimulus?  CNN/Money quotes Stephen Stanley, Chief Economist Amherst Pierpont as pinpointing it at $1 billion into consumer wallets for every penny that gas prices drop. The […]

12.12.2014 in Economy, Featured by NetRight Daily 6

How the foreign bank bailout almost brought omnibus to its knees

By Robert Romano Bank bailouts. It is one of those issues where the left meets the right. Something so universally despised from the tea party to Occupy that for a politician to come within ten feet of the issue might be to eventually risk a primary challenge. Just ask Eric Cantor. With that in mind, this is one of the […]

Lift wages with growth, not government

By Robert Romano A picture is worth a thousand words. “Walmart: Now hiring, $17 per hour.” No, that is not Photoshopped. It is an actual help wanted sign from Williston, N.D. The story is the shale oil boom taking place there that has resulted in an explosion of demand for labor, a surge in property values, and a bevy of […]

Rosy retail forecasts are humbug

By Robert Romano The saying “so goes retail” should be ringing in everyone’s ears as we head into the Christmas shopping season, kicking off with so-called Black Friday on November 28 — the day retailers supposedly go “in the black” after being “in the red” all year long. On October 7, the National Retail Federation proclaimed “Optimism Shines as National […]

11.07.2014 in Economy, Featured by NetRight Daily 0

Slow growth threatens D.C. establishment

By Robert Romano Adjusted for inflation, the U.S. economy has not grown above 3 percent since 2005. That’s a near nine-year losing streak, marked by a financial crisis, record deficits, quantitative easing, and ultra-low interest rates. As a result, we have seen three wave elections in as many years in 2008, 2010, and now, 2014, with Democrats being swept in […]

11.02.2014 in Economy, Featured by NetRight Daily 1

Lackluster recovery weighs on voter concerns

By Robert Romano Six years after the financial crisis, the economy is still a top concern for the American people. In a September 25-30 Gallup survey, 86 percent of Democrats and 91 percent of Republicans said the economy was their top issue. 89 percent of Democrats and 83 percent of Republicans said good paying jobs was, too. One look at […]

Read the fine print, QE is not really over

By Robert Romano “[T]he Committee decided to conclude its asset purchase program this month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable […]

10.28.2014 in Economy, Featured by NetRight Daily 0

The market controls interest rates, not the Fed

By Robert Romano Consider the following factors. North American oil production is experiencing a boom, largely driven by the shale oil miracle. China is slowing down, including its demand for oil. Europe is still in the thick of a major recession. Overall, oil consumption in the OECD is down this year. As a result, the trade deficit should begin going […]

10.24.2014 in Economy, Featured by NetRight Daily 2

‘Let them have cash’

By Robert Romano Pulling a modern day Marie “Let Them Eat Cake” Antoinette, Brown University professor Mark Blyth and hedge fund manager Eric Lonergan boldly propose to do what no central bank has done before: Just print money and give it to people. Seriously. You can’t make this stuff up. Writing in Foreign Affairs in an article sub-titled, “Why central […]

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