One of the world's leading economists has given warning that the United States is facing a decade of financial misery, with the number of unemployed Americans set to continue to rise for years.
[An] initial intervention produces a crisis, which then leads public officials to call for a new intervention to address the crisis. That new intervention then produces a new crisis, which then leads to new interventions.
Tired of hearing from economic chicken-littles? Well maybe it would be easier to hear from this analyst who's credentials should be obvious to all.
Before you drive off the cliff do everyone a favor and make these macroeconomic policy experts show you the quality in their data. Make them satisfy you that their aggregates differentiate between tuna, tractors, and rolling mills.
"I want my bailout money-Keep the bills coming-Sweet green cash just drippin like honey-I'm a new kind of thug with a Washington buzz 'cause-Dealing debt pays better than dealing drugs
[change] Obama told me that fixing our economy over the long term will require sacrifice from every American and scaling back some of his campaign promises. "Our challenge is going to be identifying what works and putting more money into that,
Out of power, Republicans appear to be retreating to familiar old ground. They're becoming deficit hawks again. GOP lawmakers didn't seem to mind enjoying the fruits of government largesse for the past eight years while one of their own was i
"It's generally showing that the deterioration of the economy has certainly spread. A couple of quarters ago, we saw it just in certain areas. Now we're seeing it in companies that have global exposure... You're seeing a whole gamet
The definition used by most economists is "an inflationary cycle without any tendency toward equilibrium." A vicious circle is created in which more and more inflation is created with each iteration of the cycle.
Every bust cycle requires more government spending than the previous cycle to achieve the same stimulus effect.Entered By: Glenn Jacobs
Anxieties over the scale of the recession now gripping the whole Western economy were intensified by a further decline in European industry. Germany, Spain, Sweden and France joined Britain in reporting the worst collapse in their manufacturing secto
This is the first time the company has called for a temporary halt in operations with layoffs since 1992, Borgen said. That closure lasted three weeks, she said.
Under the emergency rescue legislation approved by Congress in October, the administration must inform lawmakers that it wants access to the second installment of $350 billion. Unless Congress passes a resolution rejecting the request within 15 days,
The regulations could force thousands of businesses – especially smaller ones that cannot afford the cost of lead testing – to throw away truckloads of children's clothing, books, toys, furniture and other children's items and even force them
Listen...take in the harshness of what this man says. He makes our predicament seem so simple but no one is listening.
Peter Schiff (former Ron Paul financial advisor) predicts Dollar Crash. American Economic Crash. Fear and loathing in the American Empire.
The U.S. lost more jobs in 2008 than any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy just days before President-elect Barack Obama takes office.
The company yesterday said it booked orders for 662 planes in 2008, down from 1,413 a year earlier.
Mr. Obama is calling for additional massive government interventions in the US economy. Is there a method to his madness?
Not only has the unemployment rate risen sharply to 7.2%, but the number of workers only able to find part time jobs (or have had their hours cut for economic reasons) is now over 8 million.
As Great Depression II really takes hold, President-elect Barack Obama's got some choice words on the economy. Is he right?
FreedomWorks Chairman and former House Majority Leader, Dick Armey, and Congressman Ron Paul, discuss Barack Obamas stimulus plans on Fox News.
Your supermarket contains 3 days worth of food. What’s in your pantry?
This mod takes exotic lending to level I have never witnessed in my 20-years of mortgage banking. This makes a Pay Option ARM looks safe and cozy
President-elect Barack Obama said the recession could "linger for years" unless Congress pumps unprecedented sums from Washington into the economy. "I don't believe it's too late... but it will be if we don't take dramatic
The number of people continuing to seek unemployment benefits has risen sharply, according to government data indicating that laid-off workers are having a harder time finding new jobs as the recession enters its second year.
Asian stocks declined, wiping out the benchmark index’s 2009 gains, as the deepening global recession reduced profits and drove down oil and metals prices.
The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion, reversing a $60 billion pension surplus at the end of 2007, according to a study released yesterday.
Sitting down? It's time to tally up the federal government's bailout tab. There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits and has aggressively driv
The rally on weakness has run its course. Meaningful efforts to prevent a USEconomic and US Financial System collapse will assure degradation, devaluation, and a semblance of destruction for the beleaguered USDollar. It is on its last legs after 37 y