Chriss W. Street

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Bombings Raise Terrorism Fears in Russia Ahead of Winter Olympics

On December 29th, Islamist terrorists turned the Russian city of Volgograd, just 430 miles from venues of the Sochi Winter Olympics scheduled to open on February 7th, into a slaughterhouse in their efforts to humiliate Russia’s attempts to demonstrate the country’s stability. Dec 30, 2013 11:01 AM PT

Bitcoin: Gold 2.0

The bitcoin cyber-economy composed of merchants, users, service providers, and start-up enterprises has flourished for the past three years. The value of Bitcoins has appreciated by 6,000%. The emergence of Bitcoin virtual currency has created a powerful competitor to the dollar that will limit Congress and the Federal Reserve’s effectiveness in fostering inflation as a way to tax away American’s wealth. Dec 22, 2013 8:27 PM PT

China Moon Landing Seen as Military Threat

China’s December 15th soft-landing of an unmanned spacecraft on the moon was celebrated by the Xinhua news agency as, “The dream for lunar exploration once again lights up the China Dream”. China’s neighbors saw the action as a nightmare demonstration of China’s ability to launch a Multiple Reentry Vehicle ballistic missile, whose payload can deploy multiple nuclear warheads aimed to hit a group of targets. China’s provocative moves are creating a muscular arms race in Asia. Dec 16, 2013 2:59 AM PT

Private Sector Stimulates Job Growth

The main-stream media were shocked today when U.S. job growth continued at a very strong pace in November, despite the October government shutdown that ended on October 17th. Employers added 203,000 jobs and the reported unemployment rate fell from 7.3% to 7%, its lowest level since November 2008. Economists had predicted a rise of only 180,000 jobs and a slight percentage decline to 7.2%. Despite government shut-downs, deficit spending and Obamacare taxes; the American manufacturing and energy sectors are providing the real type of economic stimulus that generates job growth. Dec 6, 2013 10:31 AM PT

Energy Drives Asian Military Confrontation

China’s Ministry of Defense on November 30th began enforcing an expanded Air Defense Identification Zone, which now covers a huge off-shore expanse that includes the disputed oil rich Diaoyu/Senkaku Islands in the East China Sea. Dec 2, 2013 7:45 AM PT

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 Bloomberg.com 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

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