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Economy - Economics USA

No Recovery. It’s a Cover up! Recession To Worsen Revolution To Follow

10-23-2009 • PakAlert Press HT Liberty Pulse

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’

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Economy - Economics USA

Bernanke: Fed mulling bank capital surcharge

10-23-2009 • Reuters

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

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Economy - Economics USA

Freddie Mac Annualized Defaults Hit Record High At 7.3%, Even As Lending Increases Once Again

10-23-2009 • Zero Hedge

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

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Economy - Economics USA

U.S. cuts pay at bailed out firms, BofA hits back

10-23-2009 • Reuters

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.

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Economy - Economics USA

Economic Apocalypse

10-22-2009 • Gerald Celente

2009 Outlook

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Economy - Economics USA

LOTT'S NUMBERS: Why Is Unemployment Rising Faster In the U.S. Than Other Countries?

10-22-2009 • Fox

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

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Economy - Economics USA

Some credit card companies rush to act before new law

10-22-2009 • CNBC

-- 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.

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Economy - Economics USA

Rewarding Failure

10-22-2009 • Zero Hedge

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.

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Economy - Economics USA

Give a Little, Take a Little

10-22-2009 • Pro Publica

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.)

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Economy - Economics USA

Commodities rally broadly as dollar weakens – more to come

10-22-2009 • Commodity Trader Alert

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

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Economy - Economics USA

Obama's Stimulus Is Not Working!

10-22-2009 • The Humble Libertarian HT Liberty Pulse

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

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Economy - Economics USA

Don't Believe The Hype About The Housing Market

10-22-2009 • The Golden Truth

It definitively has NOT bottomed out.

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Economy - Economics USA

U.S. Initial Jobless Claims Rose More Than Forecast Last Week

10-22-2009 • Bloomberg

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,

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Economy - Economics USA

Glenn Beck talks about Charles Goyette's new book, "The Dollar Meltdown"

10-21-2009 • The Glenn Beck Show, Fox News

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

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Economy - Economics USA

Exploding U.S. National Debt Means Bye Bye Miss American Pie

10-21-2009 • MarketOracle

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.

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Economy - Economics USA

7 Months After Stimulus 49 of 50 States Have Lost Jobs

10-21-2009 • House Committee on Ways and Means

America Now Over 6 Million Jobs Shy of Administration's Projections

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Economy - Economics USA

The Dollar is on Death Row: Negative Interest Rates Are Here, the US has $118 Trillion in Obligation

10-21-2009 • Commodity Trader Alert

“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

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Economy - Economics USA

Is a Fed Governor Hinting at a Stock Market Crash Just Ahead?

10-21-2009 • Economic Policy Journal

Sounds like it to me. These are truly remarkable words coming from inside the Fed.

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Economy - Economics USA

Capital One: Shred Your Wallet (COF)

10-21-2009 • The Market Ticker

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

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Economy - Economics USA

Legalizing Insider Trading

10-21-2009 • arclein

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

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Economy - Economics USA

Guns have been selling well, so why not invest in a gun maker? Or better yet,...several of them at o

10-20-2009 • Wall Street Journal

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

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Economy - Economics USA

Dr. Paul On CNN American Morning (10/20/09) 8:10 AM EST

10-20-2009 • YouTube.com via DailyPaul.com

CNN American Morning today at 8:10 am ET to talk about the Federal Reserve and Wall Street Bonuses.

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Economy - Economics USA

US Hyperinflation Leads to the new Obama Bill

10-20-2009 • Daily Reckoning

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

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Economy - Economics USA

Citigroup (C), JP Morgan Chase (JPM), Wells Fargo (WFC) and Others to Lose FDIC Debt Guarantees

10-20-2009 • American Banking News

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

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Economy - Economics USA

Had Enough? Time For A Boycott!

10-20-2009 • The Market Ticker

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

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Economy - Economics USA

Niall Ferguson: The Dollar Is Finished And The Chinese Are Dumping It

10-20-2009 • The Business Insider

Economic historian Niall Ferguson warns that China's love affair with the dollar is fading faster than anyone realizes.

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Economy - Economics USA

Hank Paulson Held A Secret Meeting With Goldman Sachs In Moscow

10-20-2009 • The Business Insider

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.

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Economy - Economics USA

Hussman: The Stock Market Has Never Been This (Intermediate-Term) Overbought

10-20-2009 • Economic Policy Journal

I have talked a lot about the market uptrend being a "dead cat bounce". What's a dead cat bounce?