To get back to 5% unemployment in five years, we'd have to create 250,000 jobs a month. That's never happened before.
Ambrose Evans-Pritchard has joined the team that is aware that there is no growth in money supply and that many loan numbers are crashing.
Ira Stoll of the Future of Capitalism makes the amusing point that Paramount Vantage, the distributor for Michael Moore's Capitalism: A Love Story, is controlled by Viacom, "on whose board sit none other than Sumner Redstone and former Bear Stearns e
With every word he writes, I wonder how big that conscience of a liberal really is.(We'll ignore the fact that this "deflationary spiral" involves six straight months of price increases and regular complaints from Mr. Krugman himself about skyrocketi
“I don’t know when [the dollar] is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.”
Stocks fell on Friday as investors wrestled with disappointing data on durable goods orders and housing. Economic reports showed that new orders for long-lasting U.S. manufactured goods fell by their biggest margin in seven months, while August sales
The House voted Friday to keep federal agencies funded through the end of October, as the end of the government's fiscal year looms and the appropriations process is nowhere near complete. The chamber approved, with a mostly party-line vote of 217
In aviation circles there is a concept called "the coffin corner"
If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural
U.S. regulators say the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions. The Shared National
Why is it that we're told that economic conditions are "stabilizing" and that business outlook is "improving" when even large institutions still can't pay their bills? There isn't a bit of good news in here folks.
Nearly 15 million Americans are jobless, and the number is widely expected to remain high even as the economy slowly begins to recover. Part of the problem many of the unemployed face: the very fact that they have been out of work a long time.
In order to enhance food safety and food security; promote cultural and ecological health and diversity; and, accelerate the transition from an economy based on extraction and consumption to an economy based on preservation and restoration, we do her
Investing guru Marc Faber advises investors to switch off Ben Bernanke, ignore his government-sponsored “We will keep inflation in check” line — and be sure to buy gold to protect yourself. “Government is there to do something for itself, not for pe
Standards of Living will fall Economic Armageddon!
The U.S. propaganda-machine now reports on a daily basis that a “U.S. economic recovery” is underway – despite not one piece of evidence to support this “bold assertion” (shameless lie?).
Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last year’s collapse was its minor version. 'SUPER DEPRESSION AHEAD"
The trouble with being a contrarian is that you can never be quite contrarian enough. We began having doubts about the ‘feds inflate…gold soars’ hypothesis last year. It was too easy…too obvious. And if it were that easy to inflate a nation’s curr
The shoe is on the other foot, and the Mexicans from Sonora don't like it one bit. Can you believe the nerve of these people? It's almost funny.
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a no
Perhaps surprisingly, the perpetual preferred shares mean that Buffett’s interests are very closely aligned with those of the Goldman partnership
David Roche, global strategist at Independent Strategy Limited, speaking to Karl Eggerss of LafferFrishberg.com and CNBC's Martin Soong.
Jim Rogers talked about US dollars while he was attending the China International Financial Services Conference (CIFSC) held in Guangzhou on September 10, 2009. Rogers believes that the last 50 years is U.S. government's journey into a huge debt a
President Obama's cap-and-trade plan could deliver several blows to the U.S. economy, according to a Treasury Department memo that one observer described as "damning." The country could lose 1 percent of its gross domestic product, face accelerate
[passing for intellectual discourse] Yes, the financial crisis has passed and the economy is growing again, but there's a good chance that growth will be temporary -- the result of one-time events like "Cash for Clunkers," the tax credit for first-ti
Let’s get this straight. Household credit is shrinking… Profits are shrinking… Employment is shrinking… Housing values are shrinking… The wage base is shrinking… But the recession is over!
About this talk Even as mega-banks topple, Juan Enriquez says the big reboot is yet to come. But don't look for it on your ballot -- or in the stock exchange. It'll come from science labs, and it promises keener bodies and minds. Our kids are goin
[Collateral or is this a robbery?] Tired of the government bailing out banks? Get ready for this: officials may soon ask banks to bail out the government. Senior regulators say they are seriously considering a plan to have the nation’s healthy banks
One year after the biggest corporate bailout in the country's history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group.