3 Reasons Why Financial Reform Will Fail

The Dodd-Frank financial regulation reform bill is now law. The bill is being touted as the most sweeping financial legislation since Glass-Steagall, but with 2300 pages of rules and proposals it’s hard to know exactly how it will play out in the market. Peter Schiff, president of EuroPacific Capital tells Tech ticker it will fail. […]

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5 Fixes America Needs Right Now

More and more Americans are afraid we’re heading for a double-dip recession. President Obama says our way out of our economic slump is to double American exports over the next five years. But China’s go-go economy is slowing down, while Europeans are announcing austerity programs from London to Athens and all points in-between. If the […]

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Democrats Want to Tax Your ATM Withdrawals

Posted by Erick Erickson You remember Lanny Davis, right? He’s the nice guy you sometimes get confused with Leon Panetta because they both worked for Clinton and their names both start with “L”. But when Davis speaks and floats ideas, it is more than just your run of the mill Washington personality floating an idea. […]

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Dow Repeats Great Depression Pattern: Charts

The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday. “Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in […]

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Home Prices to Plunge Another 10 Percent

By: Ellen Chang The price of houses in the United States will drop even more, says Barry Ritholtz, founder of Fusion IQ, the investment research firm. Current prices are still way too high because the decline didn’t reach the “fair value” level compared to rent and income levels, he told Yahoo Finance TechTicker. During the […]

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America is sinking under Obama’s towering debt

I hope the White House is paying attention to the latest annual Congressional Budget Office Long-Term Budget Outlook, which offers a truly frightening picture of the scale of America’s national debt, with huge implications for the country’s future prosperity. According to the non-partisan CBO, “the federal government has been recording the largest budget deficits, as […]

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Schwarzenegger orders min wage for state workers

SACRAMENTO, Calif. (AP) –Citing lack of state budget, Schwarzenegger orders Calif state workers to be paid minimum wage. Gov. Arnold Schwarzenegger on Thursday ordered about 200,000 state workers to be paid the federal minimum wage this month because the state Legislature has not passed a budget. Department of Personnel Administration Director Debbie Endsley sent the […]

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