Neil A Conway

Turns out it was a much needed defense of stable money.
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Here’s the first super-committee interview with newly appointed member Sen. Pat Toomey.
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Ben Bernanke’s shocking FOMC announcement on Tuesday — that its zero-interest-rate target would be extended for two more years through the middle of 2013 — drove Dow stocks up over 400 points. But this new policy had no stock market carry-over on Wednesday, when the Dow plunged over 500 points.
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Damn the torpedoes! Up periscope! Full speed ahead! Ben Bernanke and the Fed to the rescue!
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During a period like this, with stocks plunging almost on a daily basis, it’s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy.
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There he goes again. Out on the campaign trail, President Obama is proposing more federal spending as his answer to sluggish growth and jobs. That won’t do it, Mr. President.
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Strong profits, easy money, and Tea Party gains argue against it.
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As the debt ceiling vote goes down to the wire, Republican Senator Mike Crapo lays out what he thinks his necessary to pass the deal.
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…And the S&P’s David Beers knows it.
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Last night, I spoke with David Beers, head of S&P’s sovereign debt rating committee on CNBC’s Kudlow Report. He made it very clear: the U.S. must take steps to lower its debt/GDP trend over the long run.
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