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George Will: In a stew over inversions

 Barack Obama, presiding over an unusually dismal post-recession economy, might make matters worse with a distracting crusade against the minor and sensible business practice called “inversion,” more about which anon. So, consider his credentials as an economic thinker. Obama, who thinks ATMs and airport ticket kiosks cost America jobs, gave a speech last year regretting that Maytag […] Continue reading →

Secular stagnation is a cover-up

Lawrence Kudlow -Co-written by Stephen Moore  John F. Kennedy campaigned for president in 1960 by belittling Dwight Eisenhower’s three recessions and declaring, “We can do bettah.” He was right. In the 1960s, after the Kennedy tax cuts were implemented, prosperity returned, the economy grew by almost 4 percent annually, unemployment sank to record lows and […] Continue reading →

Wal-Mart’s Sales Stagnation Reignites Concern About Economy

 Wal-Mart Stores Inc. (WMT)’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected. The company posted stagnant same-store sales today in its second-quarter earnings report, marking the sixth straight period of no growth. The world’s largest retailer […] Continue reading →

Obama’s Foreign and Domestic Policy: When the Going Gets Tough, Go on Vacation

Donald Lambro  WASHINGTON – President Obama is on a two-week vacation in Martha’s Vineyard, as wars rage across the Middle East and Ukraine, terrorists threaten to topple Iraq, and Republicans are on the brink of capturing the Senate. Around the country, a deepening mood of anger and anxiety permeates America’s electorate, with the midterm elections […] Continue reading →

Retail Sales: The Back To School Forecasts Are In

Kicking Off Make-Or-Break Holiday Season For Retailers Let the games begin.  The pundits have weighed in on the back-to-school shopping period, which means one thing is certain: The kickoff to the winter holidays, retailers’ make-or-break selling season, has officially begun. Here’s a snapshot of back-to-school forecasts based in part on shopper surveys. Accenture, the global management […] Continue reading →

Europe’s Crash-and-Burn Economy

 As the euro-region economy struggled to emerge from recession in recent years, officials could at least comfort themselves with the performance of the German economy: “We’ll always have Frankfurt,” to miscoin a phrase. That’s no longer true. German investor confidence has worsened for eight consecutive months; today, it collapsed to its lowest level in two […] Continue reading →

Why We will Go to War with Russia

The latest headline to appear in the German Press – “Putin confidant: There will be war in Europe” The latest headline to appear in the German Press – “Putin confidant: There will be war in Europe” Indeed, our own back-door channels are red hot. It seems many people are well aware of our model on the Cycle […] Continue reading →

Fed Sees Labor-Market Slack Even After Unemployment Rate Dropped

 The Federal Reserve said the labor market still has plenty of room for improvement, even after a surprising drop in unemployment, bolstering the case for keeping interest rates low. “A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the Federal Open Market Committee said today in a statement in Washington, […] Continue reading →

Putin may have passed point of no-return over Ukraine

 Vladimir Putin risks becoming an international pariah over the Ukraine crisis but the Russian president is battening down the hatches for the gathering economic and political storm. The United States and the European Union saw the downing of Malaysian Airlines flight MH17 as a chance for Putin to distance himself from pro-Russian separatists in east […] Continue reading →

Europe Sleeps as Putin Waits

In the aftermath of the downing of Malaysia Airlines Flight 17 over Ukraine, there has been no shortage of shameful behavior: the appalling disrespect shown to the remains of victims; the games played to delay an independent inspection of the crash; the crude mendacity of the Kremlin’s efforts to divert responsibility. And then there has […] Continue reading →

IMF sees US growth at weakest since recession

 U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global lending organization said Wednesday that it still expects growth resumed in the April-June quarter and will remain healthy in […] Continue reading →