Our Economy Can’t Afford More GM “Success” Stories

Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling their GM stock at the […]

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Bond Market Defies Fed

Bucking the Federal Reserve’s efforts to push interest rates lower, investors are selling off U.S. government debt, driving rates in many cases to their highest levels in more than three months. The Fed’s $600 billion program to buy Treasury bonds began late last week and is kicking into high gear this week, with the central […]

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Fears Mount Over Japan’s $100 Billion Treasury Sell Off

Vince Veneziani- Japan denies it, but rumors persist that the country may dump Treasuries. Bloomberg continues to fan the flames. Bloomberg: Speculation that the Japanese government plans to sell $100 billion of U.S. Treasury debt to pay for domestic spending may impede the Obama administration’s borrowing plans. Japan has been this year’s biggest buyer of […]

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