As the US strategic petroleum reserve (SPR) approaches capacity (721.5 million barrels filled out of a total possible 727 million, and will be filled by January 2010), the federal government will fade out of the oil-buying business.
October 1st, 2009 | Marin Katusa | 0 comments | ContinuedAll Posts Tagged With: "federal government"
US Federal Government Ran the Biggest Deficit in History
In theory, the US government could do the same. But, in fact, it never runs significant surpluses. There are too many people who want too much bread and too many circuses. And you don’t win votes by denying the voters…
September 30th, 2009 | Bill Bonner | 2 comments | Continued
Cash for Clunkers Cars
This is a subject which is very interesting to me because I happen to be a guy who owned a whole series of clunker cars and trucks over the years because I couldn’t justify the expense of a new vehicle/a good vehicle/a better vehicle/a vehicle…
September 8th, 2009 | Mogambo Guru | 4 comments | Continued
Bedford Springs and the Whiskey Rebellion
On the wall of the Bedford Springs hotel is a short note telling us that George Washington stayed there when he put down the Whiskey Rebellion of the 1790s.
September 4th, 2009 | Bill Bonner | 1 comment | Continued
The Codependent Relationship Between China and the United States
Each enabled each other’s excess. China added mightily to the world’s supply – far more than was actually needed. America, meanwhile, did heroic work on the demand side.
August 24th, 2009 | Bill Bonner | 7 comments | Continued
Stock Market Bulls Point to Leading Economic Indicators
The rising market is driving the majority of the economic data supporting the “green shoots” crowd. The Index of Leading Economic Indicators, which has been pointing up for a few months, is heavily influenced by the stock market.
August 13th, 2009 | Dan Amoss | 0 comments | Continued
A Financial World Not Yet Recovered From the Bubble Madness of 2002-2007
Here at The Daily Reckoning, we look…we squint…we wipe the fog off our glasses and try to tear the scales off our eyes. What do we see? We see a financial world gone mad.
August 7th, 2009 | Bill Bonner | 0 comments | Continued
Mortgage Bubble and More at Stake Between Australia and China
Two other items of note in yesterday’s housing numbers. The First Home Buyer’s consolidated their position as the most important group propping up Australian house prices. First home buyers increased their percentage of total owner-occupied mortgage demand from 28.6% in April to 29.5% in May. Nearly a third of all demand for new mortgages is coming from new buyers sucked in by the grant. Hmmn.
July 9th, 2009 | Dan Denning | 5 comments | Continued
American Banking System is a Branch of the Federal Government
You probably know the old Chinese curse, “May you live in interesting times.” I heard it first 30 years ago from an economics professor – my mentor, in fact. He was lecturing about the problems Austrian economic models predict when banking is controlled by government.
July 8th, 2009 | Patrick Cox | 1 comment | Continued
Federal Government Making Taxpayers Pay Taxes for Nothing
Now, there are many definitions of nothing, most of them referring directly to me, as in “you are nothing as a husband, father, employee, neighbor, citizen or even a pale resemblance to a normal human being,” but in this particular case I am referring to all of the federal personal income taxes paid last year, net of refunds.
June 2nd, 2009 | Mogambo Guru | 0 comments | Continued