Chriss W. Street

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Emerging Markets in Another Death-Spiral

With the U.S. stock market flat from 2000 to 2007, emerging-markets were all the rage for investors, led by the China stock exchange’s 330% rise. But when the Great Recession hit, U.S. stocks fell 50% versus the highly speculative emerging-markets crash led by the Chinese market’s death-spiral that sent prices down 72% in eighteen months. Motivated by greed and undeterred by pain, Wall Street brokers and money managers have poured $400 billion of their customer’s cash into these treacherous markets since the crash. But with little investment return and Fitch Ratings recently warning of rising credit risk, the emerging market may be in for another death-spiral. Nov 13, 2013 8:09 AM PT

Pay 41% More and Get Less from Obamacare

Obamacare’s taxpayer-funded subsidies will primarily benefit those approaching retirement, despite substantially higher average net worth for that demographic compared to the young. But the real winners under Obamacare are huge insurance companies and HMOs whose stock prices have gone up twice as fast as the market, since Obamacare kills competition and creates monopolistic profits. Nov 7, 2013 5:53 PM PT

French Rioting to Dump the Euro

French riot police fired water cannons and tear gas at 30,000 truckers, farmers, fishermen, and food industry workers waving banners of “Right to Work” and hurling rocks and iron bars at police to protest a new “ecotax” on commercial trucking over the weekend. Nov 4, 2013 3:20 PM PT

Obamacare 'Tech Surge' Led by Top Obama Donor

A review of campaign and fundraising activities by a key executive associated with the general contractor for the surge, Quality Software Services Inc. (QSSI), raises substantial concerns regarding the appropriateness of awarding a no-bid “emergency” contract to a firm associated with over $1 million in donations to President Obama. Oct 31, 2013 3:26 PM PT

Democrats Need an Election Bailout

With Congressional budget talks heating up, the left wing of the Democrat Party is already bellowing for more government economic stimulus. This demand comes despite last year’s $970 billion of deficit spending and a 27% increase in Fed money-printing, producing virtually no job growth above the 1.7% rate of population growth. Oct 28, 2013 4:25 PM PT

Rand Paul's Goal in Holding Up Yellen's Appointment to Fed

Senator Rand Paul woke up the Washington political scene on October 25th by leaking that he intends to place a "Senatorial hold" on the upcoming Presidential nomination of Janet Yellen to be the next Chairperson of the U.S. Federal Reserve, unless Senate Majority Leader Harry Reid allows his “Audit the Fed” bill to go to a Senate floor vote. Oct 26, 2013 4:01 PM PT

China's Banking Crisis Begins

Confirming the thesis expressed in American Thinker on October 21st regarding the growing uncompetitiveness of Chinese manufacturing, “Why China Wants to Dump the Dollar”, two days later reported “China’s biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may be a fresh wave of defaults.” Oct 23, 2013 4:56 PM PT

Washington Political Press Has Got Obama's Back

Political writers are usually confused on economic issues, but Washington DC political writers just seem to parrot the Obama Administration’s talking points. A typical example is Pete Schroeder’s and Vicki Needham’s article for The Hill Blog: “Shutdown Could Keep Fed Pumping in 2014.” Oct 23, 2013 4:49 PM PT

The Human Cost of Delaying the Keystone Pipeline

An eyewitness noted when thirteen railroad tanker cars carrying propane and crude oil across Alberta, Canada exploded after derailing early on October 20, “the fireball was so big, it shot across both lanes of the Yellowhead (Highway)... there's fire on both sides.” Oct 21, 2013 6:50 PM PT

Why China Wants to Dump the Dollar

China’s Dagong credit rating agency on October 17th downgraded its United States sovereign credit rating to A- and maintained its negative outlook on America’s solvency. Dagong warned that despite Washington's last-minute resolution of the debt ceiling deadlock, “The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged.” Oct 17, 2013 8:09 AM PT

Federal Wages Rising Faster Than Private Sector Wages

It is fitting that Labor Day is a federal holiday, given that under a supposed wage freeze from 2010 to 2012 the average base salary for federal workers increased by 10% to $78,467. Over the same period, private sector workers' wages rose by only 4.6% to $45,790. Sep 5, 2013 6:33 PM PT

Obama Disarms Americans While Arming the World

As President Barack Obama has outwardly attempted to curtail Americans’ Constitutional Second Amendment right to bear arms, his Administration has approved huge increases in defense spending and export sales. The Administration is now seeking to eliminate stringent State Department controls on exports and foreign licensing of dozens of categories of weapons and technology from the United States Munitions List (USML) by transferring control to the pro-business Commerce Department. Aug 29, 2013 9:06 AM PT

California Voters Preventing Obamacare Repeal

According to the Field Poll of voters, Californians uniquely remain highly supportive by a 53% to 38% margin of the Patient Protection and Affordable Care Act, commonly known as Obamacare. Nationwide polling indicates that by a large margin, Americans strongly oppose Obamacare by 54% to 36%. But with one out of nine voters in the United States living in California, the Golden State is almost single-handedly preventing Obamacare’s repeal. Aug 21, 2013 5:01 AM PT

Millennial Generation Is Abandoning Liberalism

While Obama won 61% of the 18-29 year olds’ vote in 2012, only 46% now approve of his job as President. “For young people, the failure to stop the rise of student loan rates and the NSA revelations weigh in heavily,” said Zogby. Coupled with continuing economic malaise, the Millennial generation appears to be abandoning liberalism. Aug 20, 2013 5:51 AM PT


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