Current real-time consumer tracking data is showing contraction even as the latest GDP release indicates nearly 6% growth. The GDP lags by some 17 weeks both because it measures production activities 'downstream' from consumers...
Real-ID to track, control and engineer the revolting peasants during the coming collapse.
Hour 1 mp3: Jack Gregson, Economic Columnist for FreedomsPhoenix shares his presentation on the US Economy that he gave to rave reviews to the Arizona Breakfast Club this past Saturday / Hour 2 mp3: Powell Gammill, Senior Editor for FreedomsPhoenix
Sherter explained that “just as giant financial firms interconnect, so do giant financial crises. Credit woes seep first into the banking sector, then slam into the broader economy before doubling back to curtail lending. Bubble pops bubble, a verita
The USA has entered the zone in which a major depression is possible. We even have a handful of morons in congress attempting to float a beggar thy neighbor tariff policy. They must think that we need another twelve million unemployed.
The raw numbers show clear acceleration of the deterioration in the Funds dynamics. They also give us some insights into the employment situation in the country. The conclusions are not good.
On a non-seasonally adjusted basis, U.S. freight railroads originated 1,089,977 carloads in February 2010 — an average of 272,494 carloads per week. That’s down 1.5% from February 2009 (276,548 average) and down 15.6% from February 2008’s 323,047 ave
What is wrong with this picture: the MTS just announced that the February budget deficit was $220.9 billion, after receipts of just $107.5 billion with vastly surpassed by outlays of $328.4 billion. This is a record.
Matt Trivisonno no stranger to these pages. He has set up a new site to do “Real-Time Tracking of the US Economy Using Withholding Tax Revenue:”
Everything we know about it seems to indicate that human beings happily go along with the program -- whatever the program is -- until all of a sudden they can't, and then they don't.
The Federal Deposit Insurance Corp. is trying to encourage public retirement funds that control more than $2 trillion to buy all or part of failed lenders, taking a more direct role in propping up the banking system...
The Center on Budget and Policy Priorities has released a report "State Tax Changes in Response to the Recession" in which the center notes that "national recession has had such a devastating effect on state finances that states took in $87 billio
Charles Goyette joins Thomas DiLorenzo, Robert Murphy, Douglas French, and Jeffrey Tucker Speaking in Phoenix April 11, for the Mises Circle
Prices for raw, or undeveloped, land in Las Vegas have fallen 74 percent from their peak of $939,357 an acre in fourth quarter 2007, business advisory firm Applied Analysis reports.
The real problem is the entire student loan system is a scam. The government guarantees student loans so colleges have every reason to make the loans no matter how poor the student or how high the cost of education...
So you don’t like big banks eh? Well this video might tickle your fancy. It offers some good advice but also has some bad implications. I’ll address them both. If you don’t like the fact that the skewed, government-muddled economy props up huge banks
NPR’s Planet Money did an interesting segment this morning on the effects of high government spending. They found that high spending leads to low GDP per capita which means a lack of wealth available to educate children. We all know that our kids w
What really makes the current period stand out is the number of people (and percent) that have been unemployed for 27 weeks or more. In the early '80s, the 27 weeks or more unemployed peaked at 2.9 million or 2.6% of the civilian labor force.
March 5 (Bloomberg) -- Fannie Mae and Freddie Mac bondholders shouldn’t assume the government will make them whole on their investments as Congress disbands the companies, House Financial Services Committee Chairman Barney Frank said. The public
The U.S. Postal Service, facing a $238 billion budget deficit by 2020, should consider cutting delivery to as few as three days a week as the agency attempts to pare costs, a consulting firm said.
And much of that was about what happened to America’s middle class, how we have hollowed out America’s middle class. It will not save us if a handful of Wall Street banks prosper and the rest of America fails.
Americans will become like Icelanders, who, to satisfy the governments of Britain and Holland, face a bill of $135 per person every single month for the next eight years. Think America is going to like that?
...in regards to debt, income is the only thing that really matters. Our Nation’s Income is crashing as shown in this chart expressed in year over year (yoy) change in Billions of dollars:
Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
As per the revised Q4 data, we now see that unit labour costs slid at a 5.9 % annual rate, the third decline in the past four quarters. On a year-over-year basis, unit labour costs plunged 4.7%, which is unprecedented...
One more point on the unemployment numbers. It should be noted that the infamous BLS fudge factor, the Birth/Death Adjustment resulted in adding 97,000 to the ranks of the employed.
This is proof of a statement I made years ago that boomers would be competing against their kids and grandkids for jobs at Walmart.
t is simple. We pass laws insisting the consumer must buy turnips from a licensed vender. We then sell a few licenses to a handful of venders at a high price. He then got to the producer and demands a cut for peddling his turnips. He also jacks u
The 2009 Financial Report Of The U.S. Government has finally been released, and the news is not good. It basically confirms much of what we already know - that the United States government is a complete financial mess. The U.S. government budget de
Never mind the man behind the curtain, who won't utter the word: The Labor Department reported Thursday that productivity jumped at an annual rate of 6.9 percent in the fourth quarter, even better than an initial estimate of a 6.2 percent growth ra