By the time, a country has debt equal to 90% of annual economic output, you know the impact is going to start to really hurt. Prior to crossing the Reinhart-Rogoff Line, government debt will still be suffocating to the economy...
The simple addition of the unemployment rate to the inflation rate, as measured by CPI. Note that we have used the U-6 unemployment rate, since the more frequently used U-3 rate data series does not go back to 1900. Without the lies.
The simple addition of the unemployment rate to the inflation rate, as measured by CPI. Note that we have used the U-6 unemployment rate, since the more frequently used U-3 rate data series does not go back to 1900. Looks like 1934 again.
For whatever reason, despite enormous propaganda from across the news media, and I am talking blogs to MSM, the belief is that the Fed has pumped huge sums of money into the system since the financial crisis started, they have not done so.
I also said that if the government did what they've now done, the damage could easily be twice that bad, with a potential 40% decline in GDP in the cards
105 banks hold 77 percent of all banking assets. The impression we have is the Federal Reserve and U.S. Treasury will do anything including destroying the U.S. dollar to keep these banks propped up.
What really makes the current period stand out is the number of people (and percent) that have been unemployed for 27 weeks or more (red line). In the early '80s, the 27 weeks or more unemployed peaked at 2.9 million or 2.6% of the civilian labor...
What it looks like is that a lot of frustrated workers were sold on the idea that there was some kind of recovery underway, and then realized they'd been lied to.
Hawaii -- 34% up since March, 2010. One in 348 homes received foreclosure filings in April. It's much worse in Maui where one in 187 homeowners got the note. Statewide, they're up 116% since April 2009. Source: Realtytrac.com
So the question becomes, what happens when the stimulus goes away in the latter half of the year? Have we gotten the economy to the point where it can grow on its own? To answer that let's take a look at some leading indicators.
This affects all net sites/forums using Reuters: Just copy/paste the url into your browser & read the thread if the url provided comes up banned due to hotlinking. http://www.godlikeproductions.com/forum1/message1089173/pg1
The rally on Friday June 4, 2010 in Allentown, PA demanding the end of George Donnelly's legal ordeal was a smashing success. About thirty people marched in support holding signs and chanting. All was peaceful, the US Marshals behaved themselves thi
The key point is that the necessary resource is available today and farmers with equipment are also available. No one else is at all. The only other possible option is to build berms which do not trap the oil but prevent further penetration only.
Some have decried MIT professor Noam Chomsky for being denied entry to Israel claiming it is due to his views on the Israel-Palestine conflict. A check of the facts shows he was not and some surprising news about Chomsky himself.
Look at the time...The United States has been in Afghanistan longer than Vietnam - PhoenixRising pro/anti SB1070 events - And we'll summarize the LPUS National Convention
Since the second Bush left the White House, something different appears to be happening in the Republican Party: a shift away from Southern-style conservatism to more of a Western variety.
Aside from the knifes, rocks, and slingshots found in a search of the Mavi Marmara, weapons were discovered leading Israeli defense officials to believe that there may have been weapons on board along with plans to kidnap an IDF commando.
Turkish Prime Minister Recep Tayyip Erdogan declared on Friday at a rally in the Turkish province of Konya that Hamas is a resistance movement and not a terrorist group.
The members of the mercenary group were not carrying identity cards or passports. Each of them had an envelope in his pocket with about $10,000 in cash in which the funding for the mercenaries may have come from elements within the Turkish government
In an obvious attempt to hide their thuggery behind a veneer of paternalism, author Jacob Sullum points out some members of Congress are ignoring the phrase 'Congress shall make no law' when it comes to the First Amendment.
Gary Franchi from the Reality Report is doing a live video stream tonight. You can call in, email, twitter him questions or comments. Also, if you want to share Youtube videos for everyone to talk about, simply send in the links, he will play it, an
Stocks fell sharply today after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis. The Dow Jones industrial average dropped nearly 250 points and fell below 10,000.