Lehman

Additional Evidence Emerges That US Officials Intentionally Whitewashed Saudi Role In 9/11

It’s impossible to read the below and not conclude that senior U.S. government officials were, and continue to be, more interested in protecting their Saudi “allies” than providing justice for the thousands of innocents killed on 9/11. It should make everyone infinitely more distrustful of our crooked government. If that’s all the “28 pages” drama achieves, we’d call that a success.

Steve H. Hanke's picture

Ever since the U.S. Federal Reserve (Fed) began to consider raising the federal funds rate, which it eventually did in December 2015, a cottage industry has grown up around taper talk. Will the Fed raise rates, or won’t it? Each time a consensus congeals around the answer to that question, all the world’s markets either soar or dive.

The Washington Post Accuses Stingy Americans Of Ruining Obama's Recovery

Dear broke American consumers which once made up the world's most vibrant middle class: please stop being such a nuisance and source of confusion to nice Op-Ed columnists at the WaPo, the WSJ and, of course, the Fed and their $4.5 trillion in direct injections into the offshore bank accounts of America's wealthiest 1%, and instead go ahead and splurge all your savings on trinkets, gadgets and gizmos you don't need. Only that way will Obama's recovery be truly complete.

The Cure Is Worse Than The Disease

Today we look back to the recent past with singleness of purpose.  Context and edification for the present economy is what we’re after.  We have questions... How come the recovery has been so weak?  Why is it that, nearly seven years after the official end of the Great Recession, the economy’s still mired in a soft muddy quagmire?  Squinting, focusing, and refocusing, there’s one particular week that rises above all others.

Core Durable Goods Orders Tumble For 14th Month To Lowest Since 2013

As the avalanche of data comes to an end for today, following factory orders, durable goods final data for March paints an ugly picture of the US manufacturing economy. Not only did Core Durable Goods Orders drop 1.4% YoY - the most since Dec 2015 - but the overall level fell to its lowest since Dec 2013. The 14th straight month of YoY declines has not occurred absent an overall US economic recession, and this is the first 27-month decline since Lehman...

Why Canada's Oil Industry May Never Be The Same

It is increasingly certain that the future will not be like the past. Previous downturns have been equally devastating but the primary causes eventually reversed themselves; low commodity prices recovered and damaging government policies were rescinded. This recovery will be different for a variety of reasons which will combine to cap growth, opportunity and profits, even if oil and gas prices spike. The following major changes appear permanent...