Free Republic

Just eight months from the election and it appears the Barack Obama still doesn’t have much use for us...

There are certain undeniable truths in life that most everyone not in recovery or denial can agree with. Examples include facts like these: the sun rises in the East, the earth revolves around the sun, the media has a liberal bias. Everyone that is, except for members of the liberal media themselves. The other day, the Media Research Center held a telephone news conference so that MRC President Brent Bozell could announce the launch of the ”Tell The Truth! 2012″ campaign, an ambitious undertaking designed to “document, expose and neutralize severe liberal bias in the reporting of the 2012 election...

Well, we got an inflation target from the Fed. Basically, thinking at the Fed has been eliminated. The process has been automated. Bernanke has convinced the Fed board to adopt Core PCE as a determinate of monetary policy. So long as CPCE stays below 2%, Ben is going to have his foot planted on the monetary metal. It’s “full speed ahead” according to the Chairman. He’s pushed things off until 2014 – a very long time from now. My question: “Why is the Fed using CPCE versus another measure of inflation?” The very good news is that there is answer,...

Next Wednesday, between 12:30 and 2PM, we will get a ton of new information to digest and analyze. The Federal Reserve will make a series of statements while unveiling its new communication effort. A portion of the new information will be contained in the revised Summary of Economic Projections (SEP). The Fed has worked long and hard on its new communication policy. The question is, “What will people think and how will the markets react?” I believe that there is a very good possibility that the Fed’s plan will add to uncertainties regarding monetary policy. Contrary to its objectives, the...