05.04.2017 in Economy, Featured by NetRight Daily 1

Did foreign banks benefit from the Fed’s $1 trillion of MBS purchases since 2012?

By Robert Romano The Federal Reserve has increased its holdings of mortgage-backed securities dramatically since Oct. 2012 by almost $1 trillion, from $834 billion to $1.77 trillion today. That was at the time the third round of quantitative easing began. By the time the Fed’s taper was supposedly over in Oct. 2014, that number was already up to $1.69 trillion. […]

05.02.2017 in Economy, Featured by NetRight Daily 1

Trump forces NAFTA renegotiation with Mexico, Canada from bully pulpit

By Natalia Castro President Trump is utilizing a new platform to engage in foreign trade relations — Twitter. With simple tweets Trump has made it clear that the United States is completely willing to withdraw from the North Atlantic Free Trade Agreement (NAFTA) if the deal does not better suit American economic needs, now Mexico and Canada have already begun […]

05.01.2017 in Economy, Featured by NetRight Daily 2

0.7 percent first quarter GDP no surprise, but still worrying for Trump, U.S.

By Robert Romano The measured 0.7 percent Gross Domestic Product by the Bureau of Economic Analysis in the first quarter of 2017 is no surprise, said Americans for Limited Government President Rick Manning in a statement. “The U.S. economy is already coming off its worst decade ever from a growth perspective, averaging just 1.3329 percent inflation-adjusted growth a year from […]

04.24.2017 in Economy, Featured by NetRight Daily 1

Trump to China: Deliver on North Korea and then trade, currency issues become easier

By Robert Romano “They’re not currency manipulators.” That was President Donald Trump’s reversal in the Wall Street Journal on his campaign pledge to direct the Secretary of Treasury to label China a currency manipulator under 22 U.S.C. Section 5304(b), which provides that “If the Secretary considers that such manipulation is occurring with respect to countries that (1) have material global […]

04.20.2017 in Economy, Featured by NetRight Daily 1

Trump caters to his electoral base with ‘Buy American, Hire American’ executive order

By Natalia Castro President Trump completely changed the electoral map in 2016. Now, he has enacted policy through a new Executive Order which will continue to serve the unique coalition of conservative and union households he attracted. Trump has ignited a flame under new Republican voters, and his message is one that other GOP politicians would be wise to listen […]

04.17.2017 in Economy, Featured by NetRight Daily 2

Economy flashing red as deflation reappears?

By Robert Romano Don’t look now, but prices dropped 0.3 percent in March, led by a 3.2 percent drop in energy costs according to the Bureau of Labor Statistics. Less food and energy, prices still fell slightly 0.1 percent. This, as WTI Crude Oil remains well off its 2014 highs of $107 a barrel, now at about $53 a barrel. […]

04.13.2017 in Economy, Featured by NetRight Daily 1

Mark Meadows: State opt-out of Obamacare regs could be key to compromise

By Robert Romano “[W]e still believe providing waivers at the state level from many of the Obamacare mandates that drive up costs might be a real path forward so I would say that conversations between moderates and conservatives are very constructive and it’s been due in no small part to the active involvement of the White House and leadership in […]

04.12.2017 in Economy, Featured by NetRight Daily 2

Free tuition is still no guarantee of employment

By Natalia Castro New York is truly Hillary Clinton’s home state; which is why it is no surprise the state became the first in the country to adopt a full tuition scholarship to provide essentially “free” college attendance for students living in the state, similar to what Clinton had proposed nationally on the campaign trail. This ambitious effort passed through […]

04.10.2017 in Economy, Featured by NetRight Daily 1

We’re not at full employment yet

By Robert Romano Good news. We’re not at full employment yet, and last month’s jobs numbers provided by the Bureau of Labor Statistics prove it. In the household survey, 472,000 more Americans reported they had jobs in March, including 145,000 who entered the labor force. That follows those reported as employed increasing 447,000 in February, including 340,000 who had entered […]

04.07.2017 in Economy, Featured by NetRight Daily 1

Chicken or duck? Consumer Financial Protection Bureau on the grill

By Peter Hong What happens when a reckless, unaccountable arm of the administrative state collides head-on with a Congressional committee demanding answers for constituents who have been harassed, extorted, or ignored for more than five years? In the case of yesterday’s appearance by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray before the House Financial Services Committee, that would be […]

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