Category: Fiscal Policy

G-7 Mutual Interests Confirmed Behind Closed Doors Trumps Fears of Quantitative Easing’s Demise …Paving Path to Temporarily Stabilize Treasury Yields in Continued Monetization Plan Led Down a Long Bond Road Called A Willingness to Preserve Capital

G-7 Mutual Interests Confirmed Behind Closed Doors Trumps Fears of Quantitative Easing’s Demise …Paving Path to Temporarily Stabilize Treasury Yields in Continued Monetization Plan Led Down a Long Bond Road Called A Willingness to Preserve Capital

On Three Day Garage Sales

Hello again!

I need to ask you for a little more patience and understanding.

I realize that I have all but, just about stretched your willingness to extend me any more accommodating forbearance beyond the reasonable limits of good prudence and logic.

Therein, please do not despair; yet I would like you to accept my indulgences in making one more urgent request regarding a most unexpected matter.

You see, while I’m continuing to have problems in that I am still struggling to handle and cope with my day to day and month to month financial obligations …some sequence of unforeseen and rather dire misfortunes have rocked my world recently.

You see; there just couldn’t be any worse timing for … true to my nature, I have some how (…once again) managed to spend way too much money this last month.

So, again …I guess that I am just going to have to hold another (treasury auction) garage sale …one more in a long string of on-going, huge, three-day garage sales.

However, this particular (treasury auction) garage sale is going to have to be different due to a variety of matters (quantitative easing not withstanding) whose issues have culminated to conspire against my lack of (Boy Scout/Girl Scout) preparedness …and has taken me totally off guard.

To Teachers Tenured-Non-Performing; “You’re Fired!”

This is shorter than it is sweet, yet it should be just as easy to serve to connect the dots …as it is easy to see how higher priced commodities (…namely escalating oil and gasoline prices) represent a significant quasi tax-like burden. So, in the same light, what I am about to discuss should be equally easy to see how such (like rising oil and gas prices) also poses a significant threat to drag down a healthy economic recovery …all the more …along with the detrimental affects which are associated with a rise in commodity prices.

So, in like fashion, what I am discussing today, will only serve to highlight the exasperating affects of the above commodity-driven affects’ drag on the economy and …moreover …do so in an additive fashion …rather much like explaining and warning of a more real, clear and present danger’s approach.

Taken together these two real threats pose a significant real punitive tax which is now …as it has been …currently working to threaten recovery …pretty much undetected and unchecked …right under our very noses.

And whether or not these threats are taken separately or aggregately …both, when taken together …will combine to form and work together …as a single matter’s impact …forming a double taxation whose hikes, which …when combined will essentially threaten to erode and reduce expendable discretionary personal income …hampering a badly needed healthy economic recovery.

I do not mean to be pessimistic, but the cards have already been stacked against those who have pretty much have chosen to ignore the facts at the …city, county and state-wide levels of government …that is of course …until recently …as can be evidenced by the forces aligning themselves for the real clash in 2012.

Yet, in spite of what appears to be two eight hundred pound gorillas in the room, Americans have been unwilling to take up the conversation at, in and upon the stages of more locally oriented state-wide levels …and; as such, sadly …a less prudent reason has more than all but avoided a more sobering conversation whose time is long over due.

The Demise of QE-2

The Demise of QE-2

Oh, Really?

Speculation and QE-2 Go together like a horse and buggy.

Or was that …like a 1.64 Trillion Dollar deficit and a rather conflicted Federal Reserve?

Or was that like a 3.7 Trillion Dollar Budget and a rather conflicted Congress?

In view of the administration’s disdain for the express will of the people such as became manifest and more than abundantly clear last November…the question remains as to whether or not QE-2 is to go …or stay and become supplanted by what may become QE-3 is anybody’s question …or is it?

Unlike what would otherwise be like a deep black secret …the demise of QE-2 is anything but …beyond top-secret.

Instead, whether QE-2 is to stay or go …is something which Federal Reserve Chairman Ben Bernanke is not surprisingly …now, more than less …obligated to disclose openly to the likes of Congress …namely, to satisfy the likes of a more than entitled curiosity …the itchy ears …of the likes of those of Senator Ron Pall not withstanding.

Ben Bernanke; “…unsustainable debt …”

The following are two crisis words.

And …if there ever were two words today which have crisis written all over them …they are those uttered in Congress today!

The following two words which were those spoken loud, strong and clear.

The words were part of an address which characterized U.S. Public Debt as “…unsustainable debt …”

These two words came from The chairman of The Federal Reserve …Ben Bernanke today as the chairman spoke before members of The Senate Banking Committee.

Curiously, what I personally find as being less than sad is Congress’ lack of regard and esteem for tens of millions of voters who …last November, went to the pools to voice their collective, unified singleness of purpose.

By this Ben Bernanke was merely reaffirming the validity of the American voters who sent this massage earlier this last November.

Why should either the President and or Congress need one more man’s word to make the spirit of America’s will any more exact and any more unmistakably clearer?

As such, these two word’s stark reason and reality stand as a slap in my face …all in light of the light-weight approach to this administration’s budget proposal and the Republican-sponsored meager spending cut’s initial proposals.

Such as November’s voice was, such a will can not be allowed to be summarily swept under the rug …dismissed and otherwise marginalizing the will of the American people.

No Child Left …or Right; Get Behind Me!

The three year anniversary marking the release and launch of Obama campaign slogan rhetoric; “Yes We Can!” is quickly approaching and one thing America has realized is…

No We Can’t!!!

Obama’s Budget Fudges It

Take note then, in America’s continued embrace of fiscal irresponsibility …equity markets will experience returns to higher volatility …providing the Treasury the better opportunity it both will be seeking and needing to raise cash …making it easier when it must beat money out of domestic and foreign managed stock market indexes.
Bond markets will not be fooled though, and like recent rises …yields will climb beyond expectations …at alarming rates of change …further squeezing equities at times least expected, or …when treasury needs a fresh infusion …as it will always will become the case …with commodity prices rising in step and then falling according to each and every treasury and European bond auction which will …in turn send waves through international currency markets like a skipping rock’s ripples in an otherwise calm pond.
However, the XLB materials’ index and its components will be anything but calm …and may very well be the rock which is being launched by the likes of artificial programs …the likes of QE-4 QE-5 or 6.
I don’t know; but it kind of looks like a girl.
Sort of reminds me of Ozzy Osbourne’s latest telephone commercial …4G …5G, 6G?
What’s the next greatest thing being flung into the pond Ozzy?
Will it be a fiscally responsible Congress …or just another beaver …er; I mean …Bieber?
To understand the inside joke: http://www.youtube.com/watch?v=RIKW-3cdDPY

666 China’s Currency Evaluation

Bond Prices demise? How?

That’s not just even the half of it all.

None the less, today …Ben Bernanke’s call to cut spending and embrace physical responsibility was about as weak as his attempts were to justify down-playing QE’s impact upon commodity prices and the unmistakable presence of inflation …passing them off as factors attributable chiefly to the expansion of demand stemming from developing emerging market nations.

No matter how the Ben Bernank slices it, and no matter what components he can righly, justly, or otherwise care to conveniently factor out of the inflation indexes, low wages and or labor components are no means worthy to justify the excuse to continue down a path which destroys the strength of the American dollar …for merely a greater interest …that which allows thee governmetn to skate free …merely to justify paying a lower (weak-dollar) interest service costs …merely to afford to carry the public debt ….merely to be able, primarily …just to float the note we tote.

Pay no attention to the man behind the curtain …INDEED!

Clarity? Transparency? Perposterous!!!

So, that is a recap of my last post in a nutshell …any rise interest rates, not withstanding, because that is the central and pivotal …jobs …housing …liquidity …debt load (public debt costs) treasury yields …bond prices and lastly …the Fed’s balance sheet all not withstanding.

God knows we couldn’t have these two items (The end of QE and …the rise of the debt limit) scheduled side by side.

No, we will now …not have these items on the calendar at the same time. God forbid!

Think of it; rising interest rates impact upon the service costs of our public debt. Good Lord! We wouldn’t want to send our foreign creditors the message that we need to borrow more money …just to float the note.

Who Me, Protest?

The following is the result of looking for data to support and build my case in a recent real estate tax protest I have filed.

Before you open the link below, read the following short explanation below first.

The following is a look at one of the 20 Metropolitan components which make up the Case-Shiller SPCS20R Housing Price Index. The SPCS20R is a 20-city composite index comprised of 20 major metropolitan areas in the U.S.
The index reflects upon the overall movement of housing prices across the nation in these twenty areas.

Ulterior Motives …Alternative Health Care Solutions

Preventive health medicine should reduce the need to treat and cure the patient, but today, there seems to be great focus and emphasis in treating the symptom rather than the patient and or their illness.

Now, is the time to earnestly make serious and long lasting improvements which will impact the quality of care, service and cost of how health care is provided here in America.

But more importantly, it will emphasize the strength of recognizing the importance of the individual and the freedom to choose wisely in view of the certain consequences when one fails to both have the opportunity and also fails to take what opportunities are available.

The profit motive seems to have caused a conflict as well as a distinct disconnect such that the medicine practiced today promises as much side affects as it does promise to the patient …especially when patients become overmedicated.

Skin for Skin

No disrespect intended, but if we choose to treat, take and make healthcare as much of a shipwreck as we did our housing, banking and financial systems as of late …then we are most assuredly on a fast track to certain failure …one which our forefathers sought to avoid by taking every one of the means, ways, and responsibilities which were available and also necessary at the time.