Posted by Joseph Y. Calhoun, III

I was a guest on Kudlow’s CNBC show tonight along with Vince Reinhardt talking about QE II. Here’s the video:

Posted by Joseph Y. Calhoun, III

The economic reports released in the Christmas week continued the recent trend of stronger data. In particular, consumers have been leading the way as shown by several reports last week. The Goldman and Redbook weekly retail reports both showed strength going into the holiday with the year over year change now in the range of [...]

Posted by Joseph Y. Calhoun, III

President Obama signed the bill last week to extend the Bush tax rates for another two years. About the only people pleased by that fact were the Congress critters who voted for the extension and the occupants of the top tax bracket who were spared the inconvenience of meeting with their tax attorneys and CPAs to find a [...]

Posted by Joseph Y. Calhoun, III

I don’t believe President Obama could have been more obvious if he’d taken out a full page ad in the New York Times. He isn’t happy about it and his heart isn’t really in it, but he is shifting policy to a more centrist tack. The compromise with Republicans on the Bush tax rates was [...]