Big Mistake: the Fed’s Quantitative Teasing

It’s a big mistake. Maybe some might say that the Fed altogether is a mistake itself. But, it’s made some big, ugly mistakes that don’t bare thinking about and yet there’s no understanding why they took those decisions. It’s all very well to have attempted to make the US economy improve and turn things around.…

Yes US Needs Immigration

The Border Security, Economic Opportunity, and Immigration Modernization Act. It’s a mammoth of a reform bill and runs 844 pages (plus 350 pages of annexes). A needed overhaul of the 1986 law, but it will have its downsides too. It will increase the number of security agents working on US borders from 21, 000 to…

Assad: Failure Awaits the USA

Syrian President Bachar al-Assad has warned President Obama not to take military action against his country since: “Failure awaits the United States as in all previous wars it has unleashed, starting with Vietnam and up to the present day”. Assad’s declaration will probably be more damaging to the over-inflated ego of the world’s policeman that…

Israel Flash Crash: TASE

What the Falafel? There are times when you wish you could just dig a big hole and throw yourself into it and let someone else fill it in with shovel-loads of muck. We can cut the bull about picking yourself up and dusting yourself down and all of that baloney, with the intense need to…

New York, Miami and New Orleans to Flood

A study carried out recently by Nature Climate Change took a look at and analyzed past and present floods in the world and was able to predict the future floods that will take place concerning 136 cities. At the present time, the average global flood loss stands at $6 billion per year. That will increase…

US Bankrupt!

After the banks, after the city of Detroit it will be the USA that will be going bankrupt and filing for Chapter 11 bankruptcy. If only that were possible! But unfortunately it won’t be. The only thing that the country will be able to do is to increase the debt limit yet again and they…