Financial Sense Blog

President Barack Obama greeted Israeli Prime Minister Benjamin Netanyahu at the White House this week, commenting on the close relationship between Washington and Jerusalem. The United States and Israel appear to want the same thing.

Real CPI at 10.69%, Real Unemployment at 22.3% and Real GDP at Negative 2.60%. PIIGS on the Verge of Default, Eurozone faces Crack-UP. Housing Sinks Deeper into a Hole. Food and Energy Prices Soar.

The Weekly Leading Index ( WLI ) of the Economic Cycle Research Institute (ECRI) declined to 5.0 from last week's 5.3. This is the fifth consecutive week of decline from the 11-month interim high of 7.8 for the week ending on April 15.

We're going broke. This is not news. Anyone who has looked at the country's fiscal mess with a minimum of objectivity has known this for years.

The second estimate for Q1 GDP came in at 1.8 percent — unchanged from last month's Advance Estimate. The number was precisely as forecast by Briefing.com but below the consensus expectation, which ranged from 2.0 to 2.2...

First off, farmlands produce agricultural commodities—which in an inflationary scenario would rise drastically in price. Thus one would think that owning farmland would be akin to owning a gold mine: A sure-fire hedge against inflation.

Why has Global Sticks , a manufacturer of wooden ice cream sticks, moving from Dalian, China to Thunder Bay, Ontario?

The action has fizzled. Home prices and sales stabilized, and housing seemed destined to bump along for a while, playing little or no role in the burgeoning government bond bubble.

I can think of a half dozen areas in Fan’s and Fred’s checkered past that should be exposed and made public. There is no way anything over at F/F should remain hidden. There is one area of inquiry that I think should be correctly viewed in the history books. Allow me a explain.

It is not clear whether the American financial community has the ability to observe and conclude that the US Federal Reserve is adrift and relies upon deception as policy in revealing its directions. Its position is to hold steady, inflate to oblivion, support financial markets in heavy volume secretly, and lie about leaving its trapped policy corner.