The Top 10 Financial Links Of The Day
Of Two Minds – Anatomy of a crisis: 2011
MJ Perry – Tax Rates and Share of Tax Revenues from Top 1%
WSJ – Where the tax money is
Washington Post – China’s train wreck (very much worth the read)
Streetwise Professor - It is becoming clear that Obama’s criticism of speculators was not a one-off. Instead, it is part of a broader campaign to demonize them. Today’s installment of the Two Minutes’ Hate came courtesy of the Justice Department (so tempted to use quotes around that). Eric Holder announced the formation of an Oil and Gas Price Fraud Working Group consisting of Department of Justice, the National Association of Attorneys General, the Commodity Futures Trading Commission, the Federal Trade Commission, the Department of the Treasury, the Federal Reserve Board, the Securities and Exchange Commission, as well as the Departments of Agriculture and Energy. The Group’s charge is:
CNBC - The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners (so, you mean to tell me the economy isn’t still in a recession?)
Wallet Pop – 11 prices that will rise along with your gas
Reuters - The bipartisan Committee for a Responsible Federal Budget has taken a crack at deciphering President Barack Obama’s murky new budget plan, called the “Framework for Shared Prosperity and Shared Fiscal Responsibility.” And its findings are devastating:
WSJ - Members of the International Monetary Fund emerged from their huddle in Washington last weekend resolved to keep every option open to slow the flood of dollars pouring into their countries, including capital controls. That’s a dangerous game, given the need for investment to drive economic development. But it’s also increasingly typical of the world’s reaction to America’s mismanagement of the dollar and its eroding financial leadership.
International Liberty - Greetings from Argentina – An Obamaesque Land of Crony Capitalism and a Warning to America
April 25th, 2011 at 8:45 pm
“so, you mean to tell me the economy isn’t still in a recession?”
No kidding! These people think if they say “We’re in a recovery” enough, it’ll magically come true. There is no recovery in sight. We’re in a Great(er) Depression. The only reason we don’t see millions standing in food lines is that this time, the Gummint hands out debit cards and people don’t have to stand in line. The unemployed and needy merely blend into the masses. Just wait until those debit cards stop working and see what happens!
If you’re not preparing by building up a serious supply of food, water, guns and ammo (and Silver/Gold if you’re a rich type), you’re behind the curve. Hold on, ’cause you ain’t seen nothing yet.
April 28th, 2011 at 1:44 pm
[...] Lies the progressives told me; The Mayor likes to run Safety Week at least twice a year; The Top 10 Financial Links Of The Day; The Mayor trusts everyone had a delicious Easter holiday; Thinking about the Unthinkable; Much [...]