What 80 percent of economists call “Recovery” is a “Cover up”. Trillions in losses papered over with trillions of phantom dollars printed out of thin air and backed by nothing produce nothing except the mirage of recovery. The dollar’s dive and gold’
Federal Reserve Chairman Bernanke said regulators are considering a capital surcharge on large banks as one way to reduce the risk any one firm's problems could destabilize the financial system. Are also considering requiring a greater share of bank
With the US government now having taken over the functions of such pristine subprime lenders as New Century, with the provision that it not only is not checking borrowers' credit scores, income potential, or other "facts" that the mortgage lenders
The U.S. pay czar slashed compensation for top earners at 7 bailed-out companies for the final 2 months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
The Obama administration claims that it was their passage of massive government spending that saved the United States from another Great Depression. Last week, Larry Summers, Obama's top economic adviser, claimed that because of the stimulus: "W
-- If you hold a Discover credit card, you're in luck -- the company has decided to freeze interest-rate hikes until a new credit card consumer protection bill takes effect in February.
Every day we hear about proposed caps on CEO pay, and new regulations to make sure companies are not rewarded for failure. Nowhere is failure being more greatly rewarded than in the United States bankruptcy system.
In hopes of creating more jobs, House Democrats met with economists on Wednesday, The Wall Street Journal reports, to talk about measures that could spur job growth. (They’re touchy about calling it a second stimulus.)
Commodities rose broadly Wednesday as the dollar took another tumble, sending prices for gold, oil and soybeans soaring. The ICE Futures U.S. dollar index, a widely used measure of the dollar’s value against other currencies, fell 0.5 percent in afte
The entire argument for the trillion dollar stimulus package that passed into law back in February, was that even though it would dry up productive capital and result in a net loss to the economy over the long run, in the short run it would create mu
It definitively has NOT bottomed out.
Lindsey Williams makes his predictions. Conversations with contacts from behind the veil have given Lindsey a very impressive track record... and the new news is very bad.
More Americans than forecast filed claims for unemployment benefits last week, a reminder that the labor market will be slow to recover. Initial jobless applications rose by 11,000 to 531,000 in the week ended Oct. 17,
Watching the Dominos Fall: Glenn Beck call Charles Goyette, author of the new book The Dollar Meltdown, to war game scenarios for a currnecy crisis. When the U.S. dollar goes, what does it take with it? Charles outlines simple steps that you can t
The four cycles are a High, an Awakening, an Unraveling and a Crisis. These cycles have been recurring throughout history due to the generational mood changes as people age.
America Now Over 6 Million Jobs Shy of Administration's Projections
“The idea of making money earn a negative return is not entirely new. In the late 19th century, the German economist Silvio Gesell argued for a tax on holding money. He was concerned that during times of financial stress, people hoard money rather th
Sounds like it to me. These are truly remarkable words coming from inside the Fed.
Time to call out the outrageous actions this "bank" has taken. Let's first start with the fact that Capital One, along with most of the other "big banks", took TARP money. Why did they need/take TARP money? Simple: They were incompetent in their
I came across this item on the subject of insider trading. Having spent years in the securities markets, the one thing that I am sure of is that legalizing insider trading is pretty well a trouble free proposition for a lot of good reasons. I am a
Since 2006, Republican-affiliated Cerberus Capital Management, one of the largest private equity firms in the nation, has been actively buying some of the premier gun manufacturers in the U.S., including Remington, Bushmaster, Marlin, DPMS and AAC. N
CNN American Morning today at 8:10 am ET to talk about the Federal Reserve and Wall Street Bonuses.
With news today that the government finalized its $1.417 trillion budget deficit, which is 10% of US GDP, it’s no real surprise that the Mint has had to turn to
Some of the nation’s largest financial companies, including Citigroup (NYSE: C), GE Capital (NYSE: GE), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC) and others will no longer have certain debt guaranteed by the fed
Have you had it with the scams, frauds, "mark to myth" and lies? Tired of this sort of garbage - being punished for being responsible? You may believe that your exemplary behavior shields you from unexpected credit card fees. Sadly, that is no
Economic historian Niall Ferguson warns that China's love affair with the dollar is fading faster than anyone realizes.
During that long summer between the collapse of Bear Stearns and the collapse of Lehman Brothers, Hank Paulson held a secret meeting with the board of Goldman Sachs in Moscow.
I have talked a lot about the market uptrend being a "dead cat bounce". What's a dead cat bounce?