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NEW YORK (TheStreet ) -- Steve Forbes, chairman and editor-in-chief of Forbes Media, was one of those disappointed when Texas governor Rick Perry dropped out of the 2012 presidential race. Forbes endorsed Perry in October 2011 and was a big proponent of his 20% flat tax. Forbes hasn't endorsed another Republican candidate, but did say that he would support whomever the nominee turned out to Read More »
Damian Abraham and ambitious, acclaimed punks F---ed Up leap into risky territory again. Read More »
"Pardon me, but you must admit, that just now, an unpleasant distrust, however vague, was yours. Ah, shallow as it is, yet, how subtle a thing is suspicion, which at times can invade the humanist of hearts and wisest of heads. But, enough. I but seek to be grateful; if my information leads to nothing, you must remember the motive." The Confidence Man ... Click to view a Read More »
"So in the present circumstances, ZIRP and QE2 amount to a monetary Hail Mary. ... Click to view a price quote on IWM. Click to research the Financial Services industry. Read More »
A Washington liaison with an anti-Washington message might be just what Gov. Rick Perry thinks Texas needs, but some state senators aren’t so sure. Read More »
Could shuttering government in March boost Barack Obama's bid for a second term, just like it did for Bill Clinton? Read More »
By Jeff Cox, CNBC.com Staff Writer NEW YORK (CNBC) -- The Federal Reserve should start raising interest rates now in order to head off inflation later, Rep. Paul Ryan told CNBC. Speaking a day before Fed Chairman Ben Bernanke is scheduled to visit Capitol Hill for a congressional hearing on monetary policy, the Wisconsin Republican and head of the House Budget Committee expressed reservatio Read More »
No tricks. Less fine print. Clearer agreements. That's how banks should market products to consumers, says Elizabeth Warren, the Harvard law professor in charge of setting up a new federal agency that will police credit cards, mortgages and other financial services. Read More »
To be sure, companies like Apple and Intel are doing well overall. But some companies are doing well due to ongoing Fed financial support like banks and some auto companies. QE policies are designed to prop stock markets higher, and with volume light, the job is made easier. Therefore, when worse than expected economic data is released (Jobless Claims, Consumer Confidence, Retail Sales, CPI, Ch Read More »
Now, who knew?!? Bernanke, speaking to an FDIC crowd stated, "Our policies (QE2) have contributed to a stronger stock market just as they did in March 2009 when we did the first iteration of this program." Okay, many have suspected this to be the case and now he confirms it just in case you couldn't connect the dots yourself. The admonition "don't fight the Fed" has taken on an entire new leve Read More »
FED ACHIEVES HIGHER PRICE GOALS Do higher prices for "stuff" make you feel better about things? Only Chavez or Ahmadinejad would be happy since PC NIMBY American's keep being self-destructive. And, if you're an American you've probably forgotten we have an entire Department of Energy which has only produced more bureaucrats and patronage then more energy. You see folks, whenever there's a prob Read More »
Despite a near unanimous 10-1 vote in support of the program, the minutes from the Nov. 2-3 meeting show that some Fed officials had concerns about embarking on a second round of stimulus. Read More »
When you discover the Fed buying some 30-year Treasury bonds from the last poorly received auction in todayCOs POMO operation, thatCOs the essence of a shell game.  Friday was options expiration but volume was surprisingly weak given the weekCOs volatility. That made it easy for traders in the options pits to hunt down strike prices distorting conditions overall. This options related acti Read More »
The Fed took a small step toward another round of quantitative easing as the economy stumbles. Read More »
So much for jawboning and "happy talk" since we're back to the yo-yo environment once again. The Fed really doesn't have much left it can do to help the economy. Read More »
The Fed further inflated the stock market bubble by stating in its minutes that it will keep rates low. Read More »
Market gains depend on the liquidity supplied by the Fed. When the tap is turned off, the tide may turn. This edition of Dave's Daily also looks at ETFs for semiconductors, financials and other sectors. Read More »
Dave Fry concludes that the markets are doing what they generally do -- tense-up before an FOMC announcement. This edition of Dave's Daily also comments on ETFs such as SPY , QQQQ, HHH and related stocks like Yahoo, Apple Read More »
The new rules generally bar rate increases during the first year after an account is opened. The changes start in about five weeks. Read More »
An independent panel examining waste and fraud in wartime spending accused contracting giant KBR Inc. on Tuesday of resisting government oversight and failing to cut costs on support work in Iraq. Read More »
WASHINGTON — The Federal Reserve signaled Wednesday that the weak economy likely will keep prices in check despite growing concerns that the trillions it’s pumping into the financial system will ignite inflation. Read More »
The nation needs to begin planning now to reduce the budget deficit, Federal Reserve Chairman Ben Bernanke said Wednesday. Read More »
A larger share of banks has made it more difficult for people to obtain home mortgages over the last three months even as demand has grown, the Federal Reserve reported. Read More »

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