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  • How to get all that?
    TREASURY BUDGET: LIE, MATH and STOCK MARKET
    When I writing these words (1 PM lunch time) people should not know what will be inside Treasury Budget press release. It announced come to world on 5/12/2014 2PM. But the data, wonderful celebrating data, like all news related to economy last...
  • Printing money
    What Actually Happens When a Government “Prints Money”?
    In economic discussion, you may often hear that a government is “printing money” and then picture sheets of hundred dollar bills coming off a printing press. In reality, this is not what actually happens in every sense of the term....
  • America has put the dollar and Treasury reserve structure at risk over Ukraine
    America has put the dollar and Treasury reserve structure at risk over Ukraine
    On March 6, Congress passed overwhelmingly, at the behest of the Obama Administration. new economic sanctions on Russia for their intervention in the Crimean region of Ukraine. In doing so, President Obama has now placed the dollar and entire...
  • Cheaper Penny and Nickel
    Cheaper penny and nickel? Lincoln and Jefferson may get a cheap face lift
    A cheaper penny and nickel appears to be a plan of penny-pinching President Obama, who floated the idea Tuesday of using alternative metals to make penny and nickel coins.According a Reuters report as carried by MSN Money yesterday, the cost of...
  • New York Stock Exchange December 12, 2013
    Stock market preview for the week of December 16, 2013
    The S&P 500 pushed to a record high close of 1808.37 Monday, but fell in the remaining sessions and as a result finished lower for the second straight week, shedding 1.65% in the process. The index has finished lower in nine of the past 11...
  • The New York Stock Exchange August 19, 2013
    Stock market preview for the week of August 26, 2013
    The S&P 500 broke a two week skid moving higher in three of five sessions while finishing the week up slightly at 0.46%. The index has risen in 97 of 163 sessions this year.Major Stock Market IndexesThe major indexes, the DJIA, S&P 500,...
  • IRS still failing to curb abuse of taxpayer ID numbers, audit charges
    IRS still failing to curb abuse of taxpayer ID numbers, audit charges
    WASHINGTON— Taxpayer Identification Numbers continue to open a pipeline for questionable refunds from the Internal Revenue Service, a new government report shows.A critic of the nation’s immigration system calls the situation &ldquo...
  • Treasury Secretary Lew and President Obama
    Stocks surge, America bumps along
    Nothing symbolizes the nation’s economic disparity better than watching homebuilding in Arlington, Virginia. New homes are being built and many homes are being supersized. In neighborhoods that were built during and after WWII, small homes...
  • IRS may soon create department to deal with growing Bitcoin currency
    IRS may soon create department to deal with growing Bitcoin currency
    The Treasury Department has already established a departmental segment to regulate Bitcoin usage, and the Internal Revenue Service (IRS) may not be far behind. In a Forbes piece on Bitcoin and the IRS, Bitcoin transactions may soon be taxed and...
  • U.S. Treasury
    Federal government reports budget surplus for January, 2013
    With all the talk of budget deficits and increased red ink in Washington, skeptics and others will be happy to hear that the federal government reported today, February 12, 2013, that it ran a surplus for the month of January, 2013. It is the...
  • Obama coin
    Trillion dollar coin silliness (Photos)
    Thanks to Andy Borowitz at the New Yorker we can wrap up the week with a laugh about the trillion dollar coin. Tim Geithner advised the President that the coin may be needed and so the President submitted to posing for it.As a leader and commander...
  • Geithner the Ironic
    Geithner leaving a legacy of incompetence and irony
    When Treasury Secretary Timothy Geithner announced he was stepping down, many politicians and pundits said good riddance. Recent reports indicate, however, that Geithner’s resignation may just a matter of a rat jumping a sinking ship.In a...
  • One coin could equal a trillion of these?
    White House petitioned to create a trillion dollar platinum coin
    Now that the fiscal cliff has been resolved for now, attention has turned to the debt ceiling, which Republicans have vowed to make an issue of. This has resulted in new fears of a government default in February, when current ceiling is expected...
  • Treasury Secretary Geithner
    HAMP oversight failures revealed in documents Treasury has been keeping secret
    In an article released late this week Pro Publica reporter Paul Kiel has done a fantastic investigative job in uncovering previously kept secret documents related to servicer violations of HAMP guidelines.By all accounts HAMP has been inadequate...
  • Economic predictions for 2012: Saxo Bank and the Top 10 Outrageous
    Economic predictions for 2012: Saxo Bank and the Top 10 Outrageous
    As we move towards the new year and the end of a very chaotic 2011 in the markets, global economy, and in nations dealing with social unrest, it is time to look at the economic predictions for 2012.We will commence here with the Top 10 Outrageous...