China surpassed Japan in September to become the biggest foreign holder of U.S. Treasuries, as foreign investors sought the relative safety of government debt as stocks plunged 9.1% that month. [relative is right; who owns whom?]
Scan these 30 "leading indicators." Each problem has one or more possible solutions, but lacks unified political support. Time's running out. We're already at the edge. Add up the trillions in debt:
Head to head with ALL the network mouthpieces... It would be funny if it wasn't so tragic.
"What this crisis reveals is a broken financial system like no other in my lifetime," he told a conference at Lombard Street Research in London.
When the leaders of the three Detroit auto companies and the United Automobile Workers union travel to Washington to make their case for a federal bailout, they will be flying into stiff headwinds of public opinion.
Mark Cuban, technology entrepreneur, billionaire, Dallas Mavericks owner, and ardent attention-seeker is getting a new title by the US Securities and Exchange Commission (SEC) today: "defendant."
In the stone ages, when I worked for a short while at Goldman, it would have been unthinkable to trade openly against clients. But those proprieties were abandoned long ago.
Everybody want to interview Ron Paul on the economy these days.
Obama vowed "to regain America's moral stature in the world" during Sunday's 60 Minutes appearance, two of his senior advisers confessed there is no intent to pursue those in the Bush administration who engaged in torture, a war cri
[audio quality shaky] The Congressman discusses the G-20 summit taking place in Washington this weekend that will address the global monetary system.
Arrivals are falling by double-digit percentages, and the corresponding drops in casino and ancillary revenue have operators tightening their belts. Layoffs are rampant, many ambitious development projects have been postponed indefinitely...
An exiting army of Republican foot soldiers is faced with the prospect of selling its Washington-area homes in the worst housing bust since the Great Depression.
The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.
And I am really not making fun of Roubini. It is merely that because his messages are so consistently grim and have so far proven correct, one needs to find comic relief where one can.
Truer words were never spoken than those of the Swiss psychiatrist Carl Jung who pronounced that, “People can’t stand too much reality.” As we watch the false economy of the U.S. meltdown, “reality” is not a word that is spoken on the main stream new
This interview of Lindsey Williams occurred on July 9th 2008 by Pastor Butch Paugh. Oil prices are set to goto $50 dollars per barrel. Listen to this shocking interview on the coming collapse of the American Dollar.
We are going to $50 a barrel oil. Didn't Lindsey Williams say that he was told by high ly places sources of information in the oil industry tell him that this was "the Plan" months ago? (yes he did)
In a statement just read on CNBC, the megabank Citigroup has said that they plan to cut another 50,000 jobs on top of the 23,000 announced earlier this year.
With the global economy descending into a nasty recession, the October data could send a chill down the spine of policymakers, who are pulling out all the tricks in their tool kit to prevent a wider meltdown.
Tonight's dinner to kick off the G-20 summit includes such dishes as "Fruitwood-smoked Quail," "Thyme-roasted Rack of Lamb," and "Tomato, Fennel and Eggplant Fondue Chanterelle Jus." To wash it all down, world leader
House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure "to ensure their long-term economic
Running out of time and scrambling for votes, supporters of a $25 billion government bailout for the teetering U.S. auto industry offered to scale down the rescue package in the face of an uphill fight in Congress and determined opposition from the W
The era that defined Wall Street is finally, officially over.
Think back. Think far, far back into the past. Think all the way back to the last week of September 2008. Historians tell us that at that time many Americans took leave of their senses.
"EconomyinCrisis.org is packed with valuable information documenting America's economic decline." -Paul Craig Roberts, the “Father of Reagonomics” and former Assistant Secretary to the Treasury for Economic Policy in the Reagan Administ
The company administers cards for Home Depot, Woolworth and other chains in Mexico at interest rates of 35% to 70%.
The move leaves three possible scenarios: GM and Ford can start paying upfront for goods; they can hope their suppliers will trade uninsured; or they couldbe unable to buy the parts they need for car production.
The high rate of foreclosure sales is pushing down home values across the Valley. For the traditional sales market, the median price of resale homes in Maricopa County was $175,000 in October
President-elect Barack Obama on Saturday urged lawmakers to quickly pass at least "a down payment" on a new economic rescue plan to help resuscitate the ailing American economy. [Is there CHANGE...in your wallet?]
The US Senate plans to take up a proposal to bailout distressed automakers, while the White House recommended another route to get billions to Detroit fast. [What's in yur wallet?]