PSCTV Online... www.livestream.com/psconline Daryl Montgomery of the NY Investing Meetup Group. Watch live streaming video from psconline at livestream.com Daryl Montgomery speaks on the current economic situation  Daryl Montgomery & Elizabeth Letchworth  Political Commentary  (Your Congress) 2010-09-06 by Elizabeth Letchworth  Will September be a “draining” month on Planet Pelosi?   Members of Congress and their staffs will slowly be making their way back to D.C. this coming week, in an effort to get prepared for a quick, short, fall session of the 111th Congress before the November elections occur. There is lots of work awaiting the politicians, the least of which is the full funding of our Federal Government broken into twelve money bills officially called appropriations bills.  Must Read! ...    Finance & Economics  (Your Money)  2010-09-08 by Daryl Montgomery  Stocks Sharp Up and Down Moves Can be Explained by Gaps     Anyone who rides a commuter rail in the United States is probably used to hearing a message to 'watch the gap'. The advice also holds for stock trading.   Read More...     PSC Financial & Economics Contributor                             Organizer of the New York Investing Meetup Group                                     http://investing.meetup.com/21   2010-09-07 by Daryl Montgomery  Stocks Rally in Early September Despite Bad Economy     U.S. stocks had an impressive rally the first four days of the month and this is generally a bullish indicator. The rally took place with a backdrop of really ugly economic news however and that is not bullish. Weakness has a way of coming back to haunt the market as European bank news is demonstrating today.    2010-09-03 by Daryl Montgomery  BLS Makes Error in Reporting August Jobs    According to the August jobs report, the U.S. lost another 54,000 jobs last month and the unemployment rate rose to 9.6%.    2010-09-02 by Daryl Montgomery  Summarizing Employment Data  From 4 Recent Reports    Four jobs related reports were released in the first two days of September and they seem to indicate a contradictory view of the U.S. employment situation.    2010-09-01 by Daryl Montgomery  Economic Reports Indicate Inflation; Stocks Soar Despite a number of economic reports at the beginning of the month indicating continued problems, stocks rallied strongly on September 1st. The Nikkei was up over 1% and the major European markets were up between 1% and 2%. The U.S. markets were up over 2% in morning trade.  2010-08-31 by Daryl Montgomery  Stocks Facing Headwinds in September U.S. stocks are set to close out August with the Dow Industrials dropping more than 4% on the month. If the economic numbers continue to indicate a possible double-dip recession however, stocks are likely to fall by a much greater amount in September.      2010-08-30 by Daryl Montgomery  Fed Offering  'Stimulus You Can Believe In'     The mainstream media on Monday was hyping a Japanese expansion of a low-interest loan program to financial institutions after talking up Fed Chair Ben Bernanke's statement on Friday that the Fed "will do all that it can" to support the economy. Japanese stocks and U.S. stocks respectively rallied strongly on these essentially negative news items.   2010-08-27 by Daryl Montgomery  Q2 GDP Revisions Show Stimulus Most of Growth    The Bureau of Economic Analysis revised second quarter GPD growth down from 2.4% to 1.6% today. Stimulus spending peaked in the second quarter and despite the big boost that it provided, the U.S. economy only expanded at a rate that indicates the U.S. standard of living isn't declining further.     2010-08-25 by Daryl Montgomery  July Durable Goods Report is Recessionary After an existing home sales report yesterday revealed that the U.S. housing market is currently in worse shape than it was at the bottom of the Credit Crisis/Great Recession, July's durable goods report today further confirmed that the U.S. economy is sinking into a recession.    2010-08-24 by Daryl Montgomery  Huge Drop in July Home Sales Shows failure of Stimulus Programs Existing home sales plunged a record 27% in July, falling to the lowest level in 15 years. Inventories of unsold homes rose by an even greater 40% and were at their highest point in over a decade. A spokesman for real estate industry group NAR described the market's disastrous performance, which took place in every region of the country, as a "pause".     2010-08-24 by Daryl Montgomery Japanese Stocks Are Leading the World Down Japan has been trying to grapple with its real estate and stock market bubbles from the 1980s for over twenty years now. Its approach has been a zero interest rate policy (ZIRP) and an unending serious of stimulus programs (it was recently announced yet another one is being considered). The United States is currently following these same failed policies, but Washington is expecting that somehow they will work here.     2010-08-23 by Daryl Montgomery FIDC Sings the Blues with 8 Bank Rescues Last Week               The FDIC closed down eight banks last week bringing this year's total to 118 so far. Included in this week's closures was the notorious ShoreBank in Chicago.     2010-08-19 by Daryl Montgomery Weekly Unemployment Claims Well Into Recession Territory             After more than a year of economic 'recovery', the Department of Labor reported weekly unemployment claims rose to 500,000 last week. Any number at 400,000 or higher indicates recession. The last time weekly claims were below that number was the week of July 17, 2008 - more than three years ago.   2010-08-18 by Daryl Montgomery Falling Rates Mean Global Economy is in a Liquidity Trap            Moreover bond prices are going up when supply has undergone a tremendous expansion to pay for all the economic stimulus programs governments are running. So demand for government bonds has to be increasing faster than the rapidly growing supply if yields are falling. The obvious question is: Who is buying all of these bonds?     2010-08-17 by Daryl Montgomery July Industrial Production Shows How Fed Propaganda Works           The Fed reported that industrial production was up 1.1% in July and this got all the media headline attention. Stocks rallied on the bullish news implying economic recovery. Buried in the coverage was that June's number, originally reported as an increase, was downwardly revised to minus 0.5%.     2010-08-16 by Daryl Montgomery China Overtakes Japan, U.S. Could Be Next in 2020's         Second quarter GDP figures show that the Japanese economy has fallen behind China's and is now only the third largest in the world. Japan has engaged in 20 years of massive government stimulus programs and kept interest rates low, but this has failed to reignite GDP growth. Instead, its economy continues to slowly sink.     2010-08-15 by Daryl Montgomery Wall Street Journal Says Crash, But Really Predicts Recession        The Wall Street Journal published an article entitled, “Is a Crash Coming? 10 Reason to Be Cautious” on Friday, August 13th. While a crash is certainly possible, the reasons given by the Journal have little to do with why one could occur.   2010-08-13 by Daryl Montgomery Bear Market Resumes With This Weeks Selling       All four major U.S. stock indices began to form a bear market trading pattern during July. The rally that started early in the month paused the formation of that pattern, but didn't reverse it. Then the selling this week added more evidence that stocks are in a bear environment. 2010-08-12 by Daryl Montgomery Much Bigger June Trade Deficit Means Lower Q2 GDP      The lower GDP number means almost all of the growth in Q2 came from inventory accumulation and not from increased economic activity.     2010-08-11 by Daryl Montgomery Fed All But Admits Economy in Recession    After three years of easy money the Federal Reserve announced yesterday that it was going to buy around $10 billion a month in treasury bonds - a pittance for an economy the size of the United States.     2010-08-10 by Daryl Montgomery Fed Fantasy Has Been Rallying Stocks The stock market is supposed to be a leading indicator of the economy and should react to changes approximately six months in advance. This only works in a free market however.      2010-08-09 by Daryl Montgomery Consumers Lose Credit and Jobs, But Feds Claim They Spend More Despite decreased credit and income and increased savings, all three of which are negatives for consumer spending, GDP figures claim American consumers are buying more.  2010-08-06 by Daryl Montgomery After 3 Years and $3 Trillion, Still No Jobs     The U.S. lost 131,000 thousand jobs in July. It has now been three years since the first job losses appeared in August 2007. Despite over three trillion dollars in government deficit spending since then, the employment situation has yet to turn around.  2010-08-05 by Daryl Montgomery Industrial Metals Rallying Despite Deteriorating Economy    While traders are scratching their heads about how the stock market can continue to go up while the economic news continues to get worse, they also should be puzzled over the sharp rise in copper and other industrial metals in recent weeks.  2010-08-04 by Daryl Montgomery Russian Drought Serious Problem for Wheat Supply   The worst drought in 130 years has destroyed at least a fifth of the current Russian wheat crop and threatens much bigger damage to the winter wheat crop if the weather doesn't change soon. Only a bumper crop in the U.S. has prevented wheat prices from really going through the roof.      2010-08-03 by Daryl Montgomery Consumer Confidence Numbers Show Government's Failure   Fed Chair Ben Bernanke said yesterday that he expected a recovery in consuming spending. Media headlines blared the good news and stocks rallied. The details of 'sometime in the next several quarters' got lost in the shuffle however. Nor did the media report that Bernanke has rarely made a prediction that has turned out to be correct.      2010-08-02 by Daryl Montgomery China PMI Telegraphs Future for the EU and US Stock markets in Europe, Asia and the U.S. rallied strongly on August 1st even though reports from purchasing managers in China, the EU and the U.S. did not bode well for future economic activity.		Commentary... Jeff Bruzzo, Jack Kemp, Lloyd Marcus Bill Miller, Paul Szemanczky, Alex Massa, Toddy Littman & Wayne Klinger Mosque supporter uses the "code word" Social Justice.  2010-09-09 by Toddy Littman Litanous Littman I: Stimulus Speech January 8, 2009 at George Mason University   As the weeks toward the midterms get closer and closer it seems wise to review what President Obama was promoting in regard to our economy, and I find it necessary to include some emphasis to encourage personal review, so all emphasis is mine. Read More...   2010-09-08 by Jack Kemp Tolerance revisited in two different Manhattan sites Below is an imaginary conversation between a liberal in favor of building the mosque at Ground Zero and myself. The opinions I will voice are not my real ones but an exaggeration to make an analogy and to prove a point.  Read More...  2010-09-07 by Alex Massa Forgotten History: The Curious Case of the German-American Bund  Never heard of the Bund? Not surprising; it’s been covered up for far too long. Prior to World War II, Adolf Hitler, his “masterpiece” (what a joke) Mein Kampf, and the National Socialist ideology was wildly popular in America.  More...   2010-09-05 by Paul Szemanczky The Obama-Stalingrad Prisoners-Unemployed Line Stretches into Infinity    A brutal autumn with sky-panicked clouds approaches us in 2010. It is no remnant of Hurricane Earl either. It heaves up from the 8.4 million jobs lost during the 30+ months of this wobbly recession.  Read More...  2010-09-03 by Toddy Littman Order of Priority in Freedom As the Christian is to the Bible, the Jew is to the Torah, the Buddhist is to the Three Jewels, the Hindu is to the Vedas, and the Muslim is to the Quran, so too is an elected member of the United States Government to Our Written Constitution, behold... Read More...   2010-09-03 by Elizabeth Letchworth  Will you choose to be “Stupaked” this November? Voters who are considering supporting moderates in the GOP and the Democratic Party this upcoming election cycle might want to ask themselves, do they want to be "Stupaked"? Read More ...      2010-09-02 by Lloyd Marcus (Glenn Beck Rally) Black Civil Rights Mafia Betrays Black America   Glenn Beck's “Restoring Honor” Speech (Good Medicine for All Americans) 2010-09-02 by Jack Kemp (Ground Zero Mosque) Another American Imam can't say whether Hamas is a terrorist organization   Zero interest payment loans at Ground Zero mosque?   Islam says that all people are born Muslim, i.e., Obama, The Pope and Bloomberg 2010-09-01 by Alex Massa Cults of Personality Conservatives, right-wingers, and Libertarians alike, throughout the history of America, have generally tended to stay away from personality cults or making political figures into god-like creatures, as the Left so often does with it’s political “heroes” and “martyrs”.  Read More...  2010-08-31 Sharpton Hits Trifecta by Mark Falzon ,Tea Party Daily News    2010-08-31 by Paul Szemanczky Ecce Economy! (Here Is Disaster!)   What will it look like when President Obama's National Debt Commission (18-members strong) led by Republican (former senator -WY) Alan Simpson and Democrat (CEO - under Clinton) Erskine Bowles fail to come up with a plan by 12/1/2010 "to reduce the government annual deficit to 3% of the national economy" by 2015? (Let's review 2010 together, for just a second or two).  Read More...   2010-08-30 by Elizabeth Letchworth  Will Congress restore honor in September? This congress, under the leadership of Speaker Pelosi and Senate Majority Leader Harry Reid (D-NV) has failed to pass a single appropriations bill through both houses of Congress.   2010-08-30 by Bill Miller Dr. Alveda King Evokes a Spiritual Experience   Project Shining City’s Jeff Bruzzo and I were waiting at the Willard Hotel for our partners in the project, my friends Fabizio Bivona of Tea Party Daily News and Vanessa Jean Louis of Hip Hop Republican... Read More...  2010-08-30 by Jack Kemp  San Francisco vs. New York Sensitivities San Francisco based Pelosi, by injecting herself into the controversy, raises a comparison of hurting local citizen sensibilities in San Francisco vs. those in New York.   2010-08-25-30 by Lloyd Marcus Black Conservative Supports Glenn Beck Rally  Alleged civil rights leaders including Rev. Al Sharpton and NAACP, President Benjamin Jealous are having a cow because Glenn Beck had the audacity to schedule his "Restoring Honor" rally August 28th on the steps of the Lincoln Memorial. It is the same date and location of Dr. Martin Luther King's famous "I Have a Dream" speech 47 years ago.     2010-08-27 by Toddy Littman Islam:  Religion of Peace? Or Patronage In Ready for Jihad? A question that surely the evidence suggests the latter is true, however, I am sure there is evidence to the contrary, yet, my issue is how this aligns with the acts and deeds of Barack Hussein Obama, on one hand, and the fact he was taught the Koran in Indonesia for almost 4 years, on the other.   2010-08-26 by Toddy Littman America's Summer of Recovery Thank you so very much Mr. President for recognizing that the people are going to recover America from your dictatorial, tyrannical, omnipotent-majority-democracy-minded, social justice, spread the wealth around, foreign policy neophyte, presidential incompetent, and narcissistic grasp.   2010-08-24 by Jack kemp Rauf, the Peter Principle Imam  Imam Feisal Abdul Rauf has achieved fame and notoriety in America based on his effort to build a mosque at a Ground Zero site that sustained damage from the attack. If we take him at his word, that his intention is to build bridges, not to aggravate tensions, then his rise illustrates the Peter Principle.    2010-08-23 by Bill Miller  An Epiphany at Ground Zero New York City, West Broadway and Park, Aug 22nd 2010. Between torrents of on and off again rain, while assisting our own Jeff Bruzzo with live streaming and filming of the event yesterday...  2010-08-23 by Toddy Littman Obama Admits Being a Muslim Some of you may know of this already, and yet, some may not, so I figured this is great to bring up, particularly right now in light of how our relationship is going with Israel.   2010-08-23 by Elizabeth Letchworth  From Planet Pelosi and Harry’s Henchmen Congress is over half way through their 6 week long traditional August recess. While members of Congress are spending time with constituents, family and foreign heads of state in other countries, dozens of Capitol Hill staffers are scrambling and pouring through the U.S. Tax code...    2010-08-22 by Jack Kemp Mayor Bloomberg's racist remarks about the Seneca tribe  Mayor Michael Bloomberg, the same person who was browbeating fellow New Yorkers about their "intolerant" opposition to a mosque near Ground Zero, has insulted the Seneca Nation tribes while complaining about not being fully taxed on sales of cigarettes.  2010-08-21 by Lloyd Marcus Black Conservative Campaigns in Alaska for Joe Miller Tea Party Express asked me to join them in Alaska to assist in their final push for conservative Joe Miller for U.S. Senate. I sang and spoke at rallies in Wasilla, Fairbanks and Anchorage, Alaska.  2010-08-20 by Elizabeth Letchworth  Health Care gem-repeal or replace The U.S. Chamber of Commerce, (link: http://www.uschamber.com/default) a member association representing over 3 million businesses in the United States, both big and small, say the uncertainty in the tax code is killing business in the United States. 2010-08-20 by Jack Kemp "Tolerance" in New York It is just that, particularly in America, most religious denominations have the good grace to not put that message on a sign facing the public street, essentially belittling all other religions.   2010-08-19 by Toddy Littman The Essential Hamilton Abert Long - James Madison Defines Property The following is from The National Gazette, March 29th, 1792 (emphasis Madison’s). Hamilton Abert Long mentions, in Your American Yardstick, “Please note, the term ‘excess of liberty’ refers to license” as used by Madison.   2010-08-18 by Paul Szemancky The Iwo Jima Veterans Hailed  For One Last Hurrah   *New Britain-Newington, CT -- Thanks to Dr. George Gentile (deceased) and the members of the Iwo Jima Survivors Association who privately-endowed and dedicated it in 1995, the public was invited to the 2nd Candlelight Ceremony of Remembrance for the Iwo Jima vets on August 14, 2010.   2010-08-16 by Jeff Bruzzo Obama The Islamic Ballerina    On the heels of my hit video with Trade Martin, we find ourselves back in the fray of presidential “Freudian Slips”, or in this case… outright contempt for public sentiment.   2010-08-16 by Elizabeth Letchworth  Is Congress creating  fanother financial crisis?        Since Congress is out for their traditional August break, I thought this column could explore some of the ramifications of the larger pieces of legislation Congress has passed over the last few months. The first one that comes to mind is the Financial reform bill...   2010-08-15 by Alex Massa Denying The Will of The People I'm sure all of you have heard by now that California's ban on gay marriage, which was approved by a majority of California voters through a ballot proposition, has been overturned by a rogue judge – one who is rumored to be a homosexual himself, perhaps the greatest example of a conflict of interest if there ever was one.  2010-08-14 by Lloyd Marcus Ramblings About Race The Obama administration and their liberal mainstream media minion are despicably exploiting race to further Obama's progressive/socialist agenda. Any and all criticism of America's first black president is attacked as racist. Consequently, Americans are more polarized/divided along racial lines than ever.   2010-08-13 by Elizabeth Letchworth  I can see the November elections from my House…..you betcha!     The Senate turned out the lights in their chamber last Thursday having confirmed the newest Supreme Court Justice, passing a jobs-stimulus bill for states to hire teachers and other emergency personnel and a funding bill to pay for more boarder security.    2010-08-13 by Bill Miller & Jack Kemp The Tea Party Papers: The Party of Dysfunction Wilson was in collusion with the very business interests he seemed to be striking at with the antitrust legislation.  . 2010-08-12 by Toddy Littman Justice Thomas Opinion from U.S. v. Lopez, 1995 (Argument Strikes Down Unlimited Application of Commerce Clause by National Government.)  Justice Thomas is most eloquent and this a most well researched written opinion of the need to re-evaluate the Commerce Clause wherein he cites the Federalist Papers in support of his opinion.  2010-08-11 by Jack Kemp The Zero Tolerance at Ground Zero  New Yorkers are becoming intolerant - of Mayor Bloomberg's inability to relate to their concerns.  2010-08-10 by Elizabeth Letchworth  Will Congress have any more surprises this week?     The Senate turned out the lights in their chamber last Thursday having confirmed the newest Supreme Court Justice, passing a jobs-stimulus bill for states to hire teachers and other emergency personnel and a funding bill to pay for more boarder security.   2010-08-10 by Bill Miller The Tea Party Papers: The Adversaries  We the people of the United States are involved in a cultural war.  2010-08-09 by Lloyd Marcus  Lloyd Marcus Rallies Black Leaders for National Black Conservative Press Conference The National Press Club in Washington DC was the scene of an historic event, August 4, 2010. For the first time in U.S. history, black conservative leaders from across America gathered for a national press conference. 2010-08-08 by Paul Szemanczky The Manchester Massacre: What Could It Entail?  What if Thornton was a victim-himself of 'job-loss fear'? In that 1-minute walking out of his just-resigned job, being escorted, when he asked them if he could "get a drink of water" near-where he had secretly planted his Ruger 9mm automatic, was he measuring his chances of surviving Obama's double-dip recession?  2010-08-06 by Elizabeth Letchworth  Congress’ Budget Con on the American Public Meet the Smith family. They are a family of three with a pre-teen growing boy. Mom and Dad attend the PTA, do community work and are pillars in their community. Tommy wants the new I-phone that his friends all have, but there is not money in the family budget to responsibility afford it.   2010-08-06 Wayne Klinger What's It Gonna Take America? Strength, ambition, courage, energy, education, common sense. These six things are of such importance for the upcoming November elections that I cannot tell you otherwise. Are the American people fed up enough?  2010-08-05 by Toddy Littman Message To Progressives: Stop Destroying Individual Liberty  (Because of Fear Of What You Did With Yours For Power Alone)  The amoral and Faithless George Soros--whose daughter, Andrea Colombel, gave accommodation to the Clintons at her home in Rhinebeck, where Chelsea was married last weekend--has misused his wealth regularly, in a manner too long to list 2010-08-04 by Bill Miller A Symbiotic Relationship Between Mainstream Dems & Repubs Bottom line, if push comes to shove, most Republican insider hacks would rather have a Democrat win then a conservative.  2010-08-03 by Alex Massa Going Gaga for Illegals  Why is it that left-wing celebrities constantly have to open their mouths and talk about politics when it is clear they know next to nothing about the subject?  2010-08-02 by Paul Szemanczky The Obamian Beast of Prey Falters (But Inflates Again)  This remains his progressive goal of 'class and race war within our nation' --a goal which is the logical consequence of his rejection of the existing economic system, and his own personal penchant to destroy it outright.   2010-08-02 by Elizabeth Letchworth  Health Care Repeal “gem”… still in! Just before the House adjourned for their summer recess, they tried to pass a bill that would repeal the 1099 requirement that has been the buzz of many talk show hosts over the past month or so.
Articles are removed from page every month and archived.  Page links will remain active and articles untouched. You can access prior articles here... PSC Archives   Logo design and graphics by Hugh Armstrong Graphic Design Logo Design: http://www.ha3graphics.com/logos 3D Logo Design: http://www.ha3graphics.com/ 3d Graphic Design: http://www.ha3graphics.com/gd T-Shirt Design: http://www.ha3graphics.com/ts