The IRS Scandal Smoking Gun?
In the IRS targeting scandal and others, Washington and the media are obsessed with the question: What did the president know and when did he know it? That misses the point-Mr. Obama’s presidency is much more damaging to the nation than the mistakes of subordinates now coming to light.
Critical Test in Gold Coming Up
Gold is slowly eroding away and it is about to test critical support at $1300. This is the 50 percent Fibonacci retracement level. If the bull market for the gold is still intact, this support should hold and will be the last of the deep technical correction. A break of this support will signal the [...]
As a CEO, President Obama Gets an “F”
CEOs of large organizations all face the same problem – driving their agendas in organizations too diverse and geographically dispersed to manage directly. They hire competent managers for their units, set goals and establish clear metrics for evaluating performance. As in politics, competition in business is tough, and CEOs must set ethical boundaries for their [...]
AUD/USD at major support 0.9860
AUD/USD is testing major support at 0.9860 at the time of this article. As mentioned in earlier analysis, the currencies pair is having a major technical correction at this time. When AUD/USD broke major weekly uptrend support at 101.40 last week, it opened the door for further downside possibility. Today, the first target at 0.9960 [...]
Europe’s Permanent Recession
On May 6, I wrote Europe was in danger of falling into a permanent recession-a depression. http://www.thestreet.com/story/11914649/1/dire-straits-for-europe.html Now, the European statistical agencies report France joined Italy and Spain’s recessions during the first quarter, and economic activity across the entire Eurozone continued to contract.
Keeping an Eye on gold at the $1300 Level
The value of gold continues to decline as the U.S dollar gains strength in recent days. There are good supports at $1404 then $1320. It is important for gold to stay above $1300, a break of this level may signal the end of the decade bull market. Resistances are $1450 then $1490.
IRS and Associated Press Scandals Are a Failure of Presidential Leadership
News the IRS targeted conservative groups for intense scrutiny is just one in a series of revelations pointing to a culture of expediency and intolerance in the Obama White House that corrupts this administration. Consider the September slayings of Ambassador Chris Stevens and three other U.S. diplomats in Benghazi. If the attack were revealed to [...]
AUD/USD Technical Correction has Begun
AUD/USD broke major weekly support line at 101.50 late last week. It looks like the currencies pair major technical correction is under way. The first initial target is 0.9886, the 23.6 percent Fibonacci retracement. The final target of this correction is 0.9143 the 38.2 percent Fibonacci retracement.
Forgiving Student Debt Won’t Help Students or Fix Colleges
College is too expensive, graduates can’t find decent jobs and pay off their loans, and students, parents and educators all share in the blame. Now, President Obama proposes to forgive more student debt and that will make a bad situation worse.
Top News
- Bernanke signals Fed to maintain stimulus efforts May 22, 2013WASHINGTON (AP) — Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. […]
- Analysis: As economy strengthens, a bonds sell-off may beckon May 22, 2013By Ellen Freilich NEW YORK (Reuters) - The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off. They point to the relative strength of the U.S. economy with the labor market stronger than anticipated, retail sales rising and consumer sentiment climbing to it […]
- EU leaders discuss fight against tax evasion May 22, 2013BRUSSELS (AP) — European Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes. […]
- Fiat Industrial says 500 million euro tax loss reports false May 22, 2013MILAN (Reuters) - Italy-based truck and tractor maker Fiat Industrial said reports that Italy would lose more than 500 million euros in tax receipts as a result of its moving fiscal domicile to the UK after a merger with unit CNH were absolutely false. According to U.S. stock exchange regulatory filings dated May 14, Fiat Industrial aims to be treated as a U […]
- Boeing expects 787 battery retrofits done by next week May 22, 2013WASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday. Conner told the conference he saw "great momentum" on the 787 program, after o […]