Rep. Ron Paul (R-Texas) talks with Larry Kudlow and former ITC chief economist PeterMorici about the role of the Federal Reserve in the U.S. economy and efforts to audit it (or, as discussed in Paul's latest book, to end it). Larry's opening comment sets the tone: "Article 1, Section 8 of the U.S. Constitution gives an enumerated monetary power to Congress and I quote, 'To coin...
... economics professor and former Chief Economist at the U.S. International Trade Commission PeterMorici writes : Obama must ensure that the banks use the trillions of dollars in federal bailout assistance to renegotiate mortgages and make new loans to worthy homebuyers and businesses. Obama must make certain that banks do not continue to squander federal largess by padding executive...
... and other blue-chip firms. “He’s going to get lots of recommendations to spend more money,” said PeterMorici, a professor at the University of Maryland’s Robert H. Smith School of Business. “These are the very same people who gave us the stimulus package. My feeling is we’re not going to get what we need, and that’s a complete change in direction on economic policy.” That information...
... and other blue-chip firms. “He’s going to get lots of recommendations to spend more money,” said PeterMorici, a professor at the University of Maryland’s Robert H. Smith School of Business. “These are the very same people who gave us the stimulus package. My feeling is we’re not going to get what we need, and that’s a complete change in direction on economic policy.” A spokeswoman...
PeterMorici submits: Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 30 November 30 Chicago PMI - November 53.0 54.2 53.0 December 1 Construction Spending - October -0.4% 0.8 -0.4 Pending Home Sales - October 110.7 110.1 109.7 ISM (Mfg) - November 55.0 55.7 55.0 ISM (Mfg) - Prices 65.8 65.0 65.0 Auto Sales* - November 10.30M 10.46...