By Robert Romano — Federal Reserve Chairman Ben Bernanke has in the past said he opposes a return to the gold standard because it would reduce the central bank’s ability to intervene in the economy, effectively reducing his role to little more than a clerk. Apparently, he has had little problem since the financial crisis with being the government’s ATM [...]

By Bill Wilson — In the past month, the European sovereign debt crisis has reared its ugly head again. No, not in Greece, but this time in Italy and Spain. There interest rates on 10-year bonds have jumped from lows of 4.81 percent and 4.87 percent, respectively, to 5.53 percent and 5.87 percent. Last year, rates had gotten as high [...]

NRD Editor’s Note: This post was originally published at TheHill.com. By Rick Manning — Mark Twain famously misquoted British Prime Minister Benjamin Disraeli as saying, “There are three kinds of lies: lies, damned lies and statistics.” The reported unemployment numbers prove the validity of the quote, even as the source is in dispute. According to the U.S. Department of Labor’s [...]

By Bill Wilson — The budget cannot be balanced by raising taxes on the so-called wealthy, who happen to be the nation’s job creators. It won’t even come close. A recent Joint Committee on Taxation estimatefound that raising the capital gains and income taxes to 30 percent for those who make over $1 million — the so-called Buffett rule — [...]

By Robert Romano — It would not be an election year without the White House offering yet another bailout for distressed borrowers who owe more money on their homes than they are worth. Of course, it’s all political. Don’t let anyone tell you different. “The goal is to build a constituency of borrowers underwater on their mortgages with the hope [...]

By Bill Wilson — This latest White House scheme to bail out borrowers with mortgage principal reductions using taxpayer fundsis nothing more than a cynical election year ploy. This time, the goal is to build a constituency of borrowers underwater on their mortgages with the hope that they might — emphasis on might — be able to get some relief. [...]

By Bill Wilson — The week of April 6, the national average of gasoline prices hit $3.94, according to the Energy Information Agency, with prices continuing to rise nationwide. But economist and New York Times columnist Paul Krugman apparently thinks you’re not paying enough at the pump just yet. Or everywhere else for that matter. Whether energy, food, or consumer [...]

By Rick Manning — Once again, the unemployment rate dropped in March even though there are 31,000 fewer Americans employed than in the month of February. This strange phenomenon where the government claims that 120,000 new jobs were created, yet fewer Americans are actually employed in those jobs is the result of the data being collected in two distinctly different [...]

By Bill Wilson — Obama’s U.S. Department of Labor loses more credibility every month as they announced a lower unemployment rate in March, while at the same time 31,000 fewer Americans actually had jobs than the previous month.  In spite of all the happy talk out of Obama’s official Washington, D.C., the fact is that fewer Americans were working last [...]

By Robert Romano — Despite recent deals totaling tens of billions of euros from the International Monetary Fund (IMF), European Central Bank (ECB), and the European Financial Stability Facility (EFSF) to prop up the banks that bet poorly on Greek debt, IMF director Christine Lagarde is coming hat in hand to American taxpayers for more money. The IMF has recently [...]