The paperback release of a book I highly recommend. If you have woken up to the feeling that something is terribly wrong with our economy, especially your economy, this book tells you why and what you can do to survive.
Consumer's confidence about the US economy fell unexpectedly in October as job prospects remained bleak, a private research group said, fueling speculation that an already gloomy holiday shopping forecast could worsen.
October 27, 2009 – 2:06 pm
Most of us are gathered at the station, watching for the Inflation Express to come rumbling in. But we’ve been waiting for a while now. Just when should we expect the big locomotive to arrive and start pushing the prices of most things uphill?
Oct. 27 (Bloomberg) -- Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling “huge” bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini.
We barter when money is not available, money is worthless or when goods are not available regardless of money. Ammo is currently not available regardless of money. It's not hard to foresee a time when all 3 conditions would exist.
A Citibank wealth manager who handled money of the super wealthy, once told me that the super-rich think different. He said that the way an average person thinks about a hobby, the super wealthy think about personal safety and protection of wealth--a
Another anomaly from the California legislature as Treasurer says some things they really rather wouldn't hear. Youtube embedded.
A thanks to Edward Harrison who publishes the blog “Creditwritedowns.com” for his superb explanation of foreclosure and title issues dealing with “foreclosed” properties – in his commentary “What are the legal rights of lenders and homeowners in fore
Goldman Sachs is a great firm but it's minting money because it has an implicit government guarantee. This is ridiculous. The firm should be split in two. Wall Street reforms should include high capital requirements and a reinstatement of Glass St
Congress and the Obama administration are about to take up one of the most fundamental issues stemming from the near collapse of the financial system last year — how to deal with institutions that are so big that the government has no choice but to r
It was never more evident than when administrations changed last January. Team A replaced Team B, all of whom just happen to be members of the Council on Foreign Relations, the Trilateral Commission and the Bilderberg Group. There is no debate. There
For the first time ever, at least half of all American workers are women. In addition, mothers are the primary breadwinners or co-breadwinners in nearly two-thirds of families.
The Office of Thrift Supervision was the first regulator to break the news of the 100th bank failure for the year. Yesterday, shortly after 5:00 p.m. EST, the OTS sent out an email announcing the closure of Florida’s
The $8,000 tax credit for first time homebuyers is turning into a disaster of major proportions. According to a WSJ (and other) report fraud has been rampant in this program. Some highlights:
Judge Robert D. Drain wiped out a $461,263 mortgage debt on the property. That’s right: the mortgage debt disappeared, via a court order.
Yet, we’re supposed to believe their promises for health care reform? Readers may recall that the same White House bunch promising a “deficit neutral” health care plan promised that if we passed the $787 billion stimulus ($one trillion after debt co
You Tube Description...The writing is on the wall, my friends. If you havent invested in gold & silver yet, you may want to consider doing so. In Peter Shiffs own words, "Get out of the US dollar." Could this be related to the webbot prediction? Time
People love to beat up on the NAR, which has never seen a housing report it didn't like. And they usually have good reason to do soOn Friday, for example, the NAR went bananas about seasonally adjusted September home sales, which most people agree we
America's strongest economies have one thing in common—home prices that never got too hot or too cold. Home prices in metros such as San Antonio, Oklahoma City, Pittsburgh, Rochester, Little Rock, Ark., and Baton Rouge, La., remained steady throug
It's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday – hitting 106 by the end of the day – the most in nearly two decades. But the trouble in the banking system from bad loan
The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests. Dozens, perhaps hundreds, of other ba
Guess who said the following: Far from turning around the [George] Bush legacy of deficits and debt, [US president Barack] Obama has made it worse. It has got all the hallmarks of a financial collapse about to happen in America...
If Bennie doesn't fly his money loaded jets, the stock market will eventually crack. A down close on a Friday is not a good sign.
Nouriel Roubini believes that a "wall of liquidity" is chasing all kinds of assets, yet once the economy disappoints expectations, it will all come crashing down.
And the happy spin the NAR put on this morning's housing numbers was a joke.
I have reason to suspect that the "monetary transmission mechanism" is full of rocks (again), and we are about to have another instance of what could colloquially be called "fun." (Yes, that's sarcasm.)Here's what we know and what I can deduce from i