Economics
4

California Sues JP Morgan Chase for Illegal Practices

The documented frauds and abuses of power by the big banks continues, although outside the protected (bought) jurisdiction of NYC it’s getting more difficult. Unfortunately, the massively deep pockets created by decades of ripping people off can always wear down the other side to get them a cost of doing business …

Economics

Billionaire Bankster Breaks Into Obama’s Cabinet

If the media conveniently allowed you to miss it, allow me to summarize: Obama finally had to repay his debt to Penny Pritzker, your average billionaire fraudster from Chicago, and tossed her the Secretary of Commerce job. Normally, I would let this slide off my back. After all, how stressed can one …

Economics
1

Broker They Get – The More Desperate They Become

The Senate passed the Internet (kill-the-economy) Sales Tax yesterday. It will be interesting to see if the House members fear the voter more than the campaign contributions from Amazon, Wal-Mart, and the other big box retailers. The business implications of this invasive tax should be obvious – not only from …

Economics

History Is Repeating

We hang the petty thieves and appoint the great ones to public office. — Aesop Since government cannot give to anybody anything that the government does not first take from somebody else, politicians will steal from their own mothers to maintain their Santa Claus delusion. To protect the public from …

Economics

Increase GDP by Screwing Pensioners – Yea…That’s the Ticket!

Right when you thought our govt couldn’t get more brazen in their efforts to deceive and screw the public, out comes these two related stories. First, the govt has found a novel way to increase GDP. The govt will now count promised payments to pensions as actual contributions for the sake of GDP calculations. You read that right.  Up …

Economics
2

Keep These Charts Posted on Your Wall

Keep these charts on the wall. They will keep the markets in perspective. http://edegrootinsights.blogspot.com/2013/05/jobless-claims-fall-point-to-improving.html   http://edegrootinsights.blogspot.com/2013/04/federal-budget-deficit-shrinks-in-march.html   http://edegrootinsights.blogspot.com/2013/04/us-economic-growth-struggling.html