Those expecting a bounce in manufacturing following an alleged improvement in the Philadelphia Region were mistaken.
It appears the "manufacturing recession doesn't matter" meme was wrong after all. As Markit notes, the survey data paint an inauspicious start to the year for the US economy.
Social Security funds are drying up…will there be any money left when you retire?
What we can expect will be an increasingly desperate attempt to rob people of their personal wealth. The situation will ramp up to a draconian level. Then, quite suddenly, the crisis will be upon us. The dreaded tanks will run out of fuel - the gover
Americans across the country have been priced out of the U.S. housing market since the "recovery" began due to a combination of factors; stagnant wages, private equity purchases and money laundering foreigners.
The downturn in the US stock market is a problem made in America by the Federal Reserve, argued Peter Schiff on the Daily Ledger. The only question now is when will the Fed restart quantitative easing to ensure the Democrats and Hillary Clinton don
This is the belief of political adviser and author Jeremy Rifkin, who argues the current economic system has become so successful at lowering the costs of production that it has created the very conditions for the destruction of the traditional verti
We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index j
And if history is any guide, then all hell is going to break loose in coming weeks and months. The last time they attempted similar machinations it resulted in a major collapse of global financial markets. But this time is different, right?
The Party In The Global Equity Markets Is Winding Down and "Our moment is coming.. and when that happens we can be humble and gracious or pompous rockstars. When this position - which has been so painful for so long - pays off, resist the urge to say
- Here's The Answer
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna
Wealth just keeps growing for the 62 richest people in the world. Collectively, this ultra-wealthy group controls $1.76 trillion, which is about the cumulative worth of the poorer half of the world's population, or around 3.5 billion people.
We might soon find ourselves so overworked that sleep itself becomes the most sought-after drug on the market.
We Have Never Seen A Year Start Quite Like This…
In November of 2014, we announced the quiet death of the petrodollar.
The entire system has been revealed for the sham it really is since the start of the New Year. Stock markets are crashing, the global economy has stalled, and the powers that be appear to have lost control.
Rob Kirby joins me to expose extremely important economic information which the majority of the world knows nothing about. Rob says, "We are talking about something here that is extremely dark. Exchange Stabilization Fund
From an opening of 15,989.45, the Dow never went higher. The Dow Jones Industrial Average dropped 550 points before a surge in buying recovered over half of those losses, ending in a 1.56 percent loss.
A week ago we warned of some insane movements and mysterious bid in OIL
Moming Zhou for Bloomber reports, Crude oil is at a 12-year low and that means it's even cheaper than milk. The price of one gallon of West Texas Intermediate crude is equivalent to about half a gallon of Class III milk, the benchmark traded on t
Global banker admits Keynesian economics not working
Terrorism and the economy lead a long list of Americans' top priorities for Congress and for President Barack Obama in his final year in office, according to a Pew Research Center study released Friday.
Did Janet Yellen jump the gun by raising interest rates in December? Not at all, according to the world's second most powerful central banker.
Millions of Americans are laughing their way to the gas station. But should they be? Sure, the stunning crash in oil prices below $30 a barrel seems great for consumers because it's driven gas at the pump below $2 a gallon. And the thinking is tha
TGIF! Friday started with a bang after a turbulent week.
Fears grow of repeat of 2008 financial crash as investors run for cover... As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging.
BlackRock Chief: Markets Will Be 'Fine' ... The boss of the world's largest money manager said financial markets will be "fine" over the next year despite a sharp downturn early in 2016 ... BlackRock Inc. Chairman and Chief Executive Laurence Fink sa
Marc Faber, editor of the "Gloom, Doom & Boom Report," has advised investors that now is a good time to invest in gold because stocks will crash over 40% and the world is on the verge of a new liquidity and debt crisis.
Lowest On Record. With all eyes on the overnight spike in crude oil prices (up 5% and back over $30, this must be the bottom right?), OPEC remains far from impressed with its basket price hovering at (or near) record low levels at $22.48.