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In addition to the decline in coal, two key building materials were also down YoY from January 2009: Forest products (off 27.0%) and Nonmetallic minerals & prod. (crushed stone, gravel, sand was off 16.6%).
2. He doesn't really believe such when he states it and knows he is about to crash the economy again as part of some secret agenda of the elite.
We believe there is increased uncertainty about the U.S. government's willingness to provide additional extraordinary support to highly systemically important financial institutions in a way that will benefit debt holders.
Continually increasing the debt is one of the logical outcomes of Keynesianism, since more government spending is always their answer. It is claimed that government must not stop spending when the economy is so fragile. Government must act. Yet, wh
Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months.
We expect once the rumored cabal of Goldman and Soros finish their toying with Greece, they will look into the US.
A new meltdown is coming. The Great Depression II is coming, soon. And yet, I know your mental filters are working, blocking warnings of a bomb. I can even hear you calling me "the fool on the hill who sees the sun going down, the world spinning rou
The BLS added a whopping 1.92 million jobs to their survey results in January. That is the spike shown in the second chart above. The number is so preposterous one might wonder if it was purposely preposterous.
U.S. stocks face more turbulence that could send indexes spiraling through key levels this week as doubts about the global recovery's pace persist and fears linger over Europe's sovereign debt woes. Investors worry that the debt problems will hind
Thankfully, Big Mama, who raised me, never had to skip payment on another bill to cover her mortgage. If it had come to that, there's no question which bill would have been paid first.
We got Trouble...
The “Great Recession” is over, so we're told. The light at the end of the tunnel is within our view, they say. However, facts and figures tell a different story. The light at the end of the tunnel may herald the arrival of the Greater Depression.
Just the increase in the debt under the leadership of Bush and Obama in the past two years is almost three times the entire federal debt accumulated between the nation's founding in 1776 and 1980.
The current Recession Recovery is now the harshest one for US employees since the Great Depression in both length and depth...
20 economic weapons of mass destruction triggering ticking Global Debt Time Bomb 1. Federal Budget Deficit Bomb. The Bush/Cheney wars pushed America deep into a debt hole. Federal debt limit was just raised almost 100% with Obama's 2010 budget, t
There are going to be truly ugly revisions to IRS tax receipt assumptions. I don't know if the bond market will sit up and pay attention, but if it does the "little sell-off" we've seen thus far is a nothingburger compared to what's coming.
Yet a number that avoids some of the constant fudging by the BLS, the Non-Seasonally Adjusted number, hit a new recent record: instead of 9.7%, this number was 10.6%, a 0.9% increase from December!
Investors dumped banks and commodity-related shares and Wall Street's fear gauge jumped more than 20%, fueling worries that the brief respite from the market's late January slide was over.
The Dollar Meltdown
A short Skype conversation between commodity pro Mike Martin and Charles Goyette... The Dollar, Gold, Geithner, Bernanke,and more! The Martin Kronicle now posted at KronicleTV
Stocks tumbled on Thursday as the number of Americans claiming jobless benefits rose unexpectedly and renewed fears of sovereign debt problems in Europe led investors to dump riskier assets.
Initial claims just made a negative U-turn and posted their first weekly increase since the beneficial inflection point. After new home sales and NAHB, is the initial claims double dip next?
Nevada has an $881 million budget deficit and drastic cuts are on the horizon for education. Governor Gibbons is investigating options of canceling collective bargaining agreements with school districts.
House Democratic leaders are counting on more deficit curbs to smooth the way for allowing the government to go $1.9 trillion deeper into debt — about $6,000 more for every US resident and raising the cap on borrowing to $14.3 trillion.
Economic collapse in the US is inevitable. But because the dollar is currently the world's reserve currency, when the US gets sick, so will the rest of the world. Tragically, the worst of the consequences for regular people will happen here in Americ
Smart swapping tips to help you become a savvy barterer. [love the tax info]
Please note that the birth death model has added 990,000 jobs since April. Those jobs are not reflected in the upcoming 824,000 revision.
"You load sixteen tons, what do you get?" It appears that slaves down on Overlord Phil Gordon's Phoenix Plantation will be paying more for their groceries in a couple of months with their increasingly-devalued Federal Reserve Notes.
CBS boss Les Moonves is determined to save money and trim expenses -- from top to bottom -- at the former crown jewel of broadcasting.
Rosie speculates that real GDP in Q4 would have been down more than 7%from the announced 5.7% expansion, if one strips away the stimulus benefits.
