For the next two days, the Committee that controls the world will be huddled in the ivory tower known as the Eccles Building in D.C. There, ten people will tediously examine the data, look at the forecasts, and weigh options for an economy with a GDP
White House poised to release secret pages from 9/11 inquiry … The Obama administration will likely soon release at least part of a 28-page secret chapter from a congressional inquiry into 9/11 that may shed light on possible Saudi connections to t
Forget search warrants and legal processes. In the interest of getting its share, the government can have it all on demand. This assertion was made again in 2010 by the IRS's chief counsel: The "Fourth Amendment does not protect emails stored on
"My legs are going out. I'm sure it's from camping out. We were living in the hills for two years," he says. "My girlfriend, Charmaine, is talking about killing herself she's in so much pain." Charmaine is a heroin addict who suffers fr
Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative
Moments ago, in its latest update, Case Shiller pointed out that for another month "Home prices continue to rise twice as fast as inflation." Actually that is an understatement: in two-third of the tracked metro areas, the pace of home appreciation o
While one can blame algos and "macros" for snapping up oil the commodity, as Morgan Stanley did recently, another question is who is the relentless buyer of energy stocks to a level that makes little sense from a forward P/E multiple.
According to a heartbreaking report by All Self Sustained, an elderly man was threatened with a knife last month by a man and a woman in a home invasion - the pair were looking to steal food.
Home prices rose less than expected in February, according to S&P/Case-Shiller index.
Junk bonds are living up to their name right now. As we have noted in the past, the lowest-rated junk bonds may have inflated a $1 trillion bubble at the bottom of the debt market. The thing is, it never should have gotten that way.
One of the lingering economic debates concerns productivity growth.
"It's The Next Stage Of The Greater Depression… The Economy Is Going To Be Very, Very Bad"
401K is a Private Retirement Fund under US Law
Congress Remains Silent As UN Demands U.S. Taxpayer Money And Open Borders For Muslim Refugees
Earlier this week we described the personal come to non-GAAP Jesus moment of trading commentator Richard Breslow, who confessed in no uncertain terms that he has had it with endless central banking intervention:
Following Japan's record low PMI, Europe's modest pick-up, and China's bounce, this week's Philly Fed crash was more indicative as US Manufacturing (flash) PMI printed 50.8 (from 51.5 in March and notably missing 52.0 expectations).
Based on how Americans have been investing, it appears the average citizen really hates the stock market.
One of Nation's Largest Pension Funds (Truckers) Will Reduce Benefits or Go Broke by 2025
While the robo-traders play tag with the chart points, it is worth considering how it will all end. After all, at today's close the broad market (S&P 500) was valued at 24.3X LTM earnings per share. That is, valuations are in the nosebleed section
the world into chaos. Central bankers are going to destroy the "enfeebled" global economy and cause chaos across the world, according to notorious perma-bear Albert Edwards. Edwards, a strategist with Societe Generale, is about as bearish as they
If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?
Euro Pacific Capital's Peter Schiff sat down with Alex Jones last week to discuss the state of the economy, and where he sees everything going from here.
For bull, no death throes … On Feb. 11, the day that the S&P 500 hit its correction low point, the financial press was filled with commentary from Federal Reserve Chairwoman Janet Yellen backing away from the possibility of four rate hikes in 2016
What is fiat money? It comes from "fiat," which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order.
This week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one-paragraph statement released by the White House following the meeting, Yellen, Obama, and Bide
Andrew Jackson, Who Fought Central Bank, Removed from $20 As "Public Concern for Liberty" Erased
The Saudi foreign minister threatened to dump $750 billion in US Treasuries if Congress passes a bill suspending sovereign immunity over state involvement in terrorist attacks on US soil. The possible release of the secret 28 pages of the 9/11 report
The Sub-Zero Club: Getting Used to the Upside-Down World Economy In the new reality of negative rates, borrowers get paid and savers get penalized
The Cass Freight Index, a "Measure of North American Freight Volumes" is up for the month of March but down once again on a year-over-year basis.
… Economic Pain Like We've Never Seen Before"