10.21.2014 in Economy, Featured by NetRight Daily 0

Drill, baby, drill

By Rick Manning Every autumn, gas prices fall providing consumers weary from peak summer prices a windfall.  In 2014, Michael Green a spokesman for AAA estimated that Americans are spending about $230 million a day less on gasoline than on July 4th, and the price continues to plummet. In fact, according to GasBuddy.com retail gasoline prices on average have reached […]

Why the end of QE produced lower interest rates

By Robert Romano You’ve heard it a bazillion times. The end of quantitative easing by the Federal Reserve — since August 2007 it has added $3.6 trillion to its balance sheet — will mean interest rates have to rise. Because, well, they have to. At first, there was some truth to the claim. In 2013, after the Fed said it […]

10.20.2014 in Economy, Featured by NetRight Daily 1

What credit tightening? Where?

By Robert Romano “When former Fed chief Ben Bernanke has trouble refinancing his mortgage, you know there’s a problem.” That was Bloomberg View’s Barry Ritholtz on October 17, commenting on the supposed shortage of mortgage credit in the current U.S. housing market. “Banks have avoided making loans to many qualified borrowers, regardless of their credit history, income and ability to […]

10.16.2014 in Economy, Featured by NetRight Daily 5

Why we’ll never pay down the national debt

By Robert Romano CNS News’ Terence P. Jeffrey reports that the 89.2 million full-time private sector employees’ share of the $17.86 trillion national debt hit $200,258.81. That’s interesting, but Congress has no intention of ever balancing the budget. Plus, with the auto spending we’ll once again be adding $1 trillion to the debt by decade’s end as the retirement wave […]

10.15.2014 in Economy, Featured by NetRight Daily 0

Italy’s Five Star movement threatens to leave Euro

By Robert Romano “A quarter of Italian industry has disappeared. Our currency is overvalued and there is nothing we can do about it within the euro.” That was Five Star movement co-founder Gianroberto Casaleggio in an exclusive interview with the UK Telegraph’s Ambrose Evans-Pritchard, describing the incompatibility of Italian membership in the Eurozone. The tepid austerity in Italy has done […]

The high cost of Obama’s jobless recovery

By Robert Romano At the height of the Great Recession, by December 2009, 8.4 million jobs were lost. It has taken six years to recover to the 146.4 million January 2008 pre-downturn jobs level. Today, 146.6 million people have jobs, according to data compiled by the Bureau of Labor Statistics. Here’s the problem. The population aged 16-64 has increased by […]

10.10.2014 in Economy, Featured by NetRight Daily 23

How Democrats lost the economy

By Robert Romano It was 1932 all over again. The economy had collapsed right before the 2008 election, and, as a result, Democrats swept to commanding majorities in the House and Senate, and claimed the White House from an unpopular incumbent Republican. It had all the makings of a generational, political realignment. Yet two years later, Democrats would lose the […]

Getting rid of sugar subsidies:  A look to the future after decades of failure

By Rick Manning Urge Congress to end sugar subsidies the right way! Federal government sugar support or subsidies have been part of our national policy since the First Congress of the United States in 1789 legislated a foreign sugar tariff to help fund the fledgling government. Sugar subsidies, supports or tariffs have existed virtually non-stop throughout our nation’s history since […]

10.07.2014 in Economy, Featured by NetRight Daily 34

Has the Boomer retirement wave finally hit?

By Robert Romano Baby Boomers led the march out of the civilian labor force in the past year, data published by the Bureau of Labor Statistics show. Those not in the labor force increased by 1.9 million from 90.6 million to 92.5 million since September 2013 using non-seasonally adjusted numbers. 70.5 percent of them, 1.3 million, were over the age […]

10.02.2014 in Economy, Featured by NetRight Daily 2

Are the dollar’s days numbered?

By Robert Romano One of mainstays in the postwar economy, and in particular, the post-gold standard economy after 1971 has been the dollar’s unchallenged status as the world’s reserve currency. It has been called the exorbitant privilege. At the time, as the story goes, to help resolve to the 1973 oil shock, Richard Nixon convinced Saudi Arabia to only accept […]

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