Creepy Government Watches Your Purchases Too

Posted: Jun 19, 2013 12:01 AM

Creepy Government Watches Your Purchases Too

The NSA is checking out your email, Common Core standards are logging away information about your kids, and now the CFPB is tracking consumer purchases. . . Oh, you don’t know what CFPB stands for? Don’t worry: Diane Katz with the Heritage Foundation is here to help.

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Show Prep

Big Three:

Uh-oh. . . Mixed bag on Housing starts. So, let’s turn to Bloomberg’s in-house optimist. (I think this guy could have made the 1929 market crash sound pleasant if he was reporting on it.)

http://www.bloomberg.com/video/housing-starts-jump-6-8-inflation-s-a-non-starter-Qar4sr2FShC70oXsRtU5YA.html

Art Cashin nailed it when he was discussing the dangers of monetary easing policies when there is so little velocity in the market:

http://video.cnbc.com/gallery/?play=1&video=3000176304#eyJ2aWQiOiIzMDAwMTc2MzA0IiwiZW5jVmlkIjoiWWdZQ0g3OXVGMmpBYnFmaXhNbEJ3dz09IiwidlRhYiI6ImluZm8iLCJ2UGFnZSI6MSwiZ05hdiI6WyLCoExhdGVzdCBWaWRlbyJdLCJnU2VjdCI6IkFMTCIsImdQYWdlIjoiMSIsInN5bSI6IiIsInNlYXJjaCI6IiJ9

Speaking of the Fed. . . They are expected to release their statement soon, and keep on the path of QE. But really, why?

http://www.bloomberg.com/video/fed-must-change-policy-if-crisis-is-over-roach-uCpo_lC_Qxi8XB7PZRlTFA.html

Other news:

Really? You mean the Liberal Republican Governor of New Jersey – who has repeatedly taken advantage of photo ops with Obama and Bill Clinton – seems to be more favorable among Democrats? Weird: