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The growth in local government debt has exploded since the 1970s. We went from $295 billion in 1968 to $2.3 trillion today. But as Greece is demonstrating, there is such a thing as having too much debt and at a certain point the markets no longer..
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A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of...
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We are told that the greatest financial crisis since the Great Depression is behind us and that the great American economic machine is roaring back to life and everything will be back to normal soon. So why does it seem like things keep getting wors
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The 13 million square feet of available space in the first quarter of 2010 translates to a 17.7 percent office vacancy rate, up from 14.7 percent a year ago and nearly one percentage point from the previous quarter ending in December...
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Meanwhile, the January figures were absurd in the other direction. According to the Labor Department, in January 529,000 women found work while 1,000 men lost their jobs.
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You're sure to profit from the Austrian perspective on the consequences of exploding U.S. government debt, just as Austrian analysis helped forewarn so many about the mortgage meltdown.
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Ron Paul Says: 'Read These Books' - What's the #1 Survival Skill You Must Have?... The ability to start a fire. - The Cult Called Government
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— but it’s like a rubber ball … it bounces up temporarily and then heads back to the floor and then bounces again but with less veracity, to again hit the floor and so on. That is the economic performance and outlook ...
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In Howard's view, nothing has changed. Howard thinks the U.S. is still careening down the road toward a hell of fiscal instability, over-indebtedness, ballooning budget deficits and interest payments, and declining living standards.
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Hawaii, North Carolina and New York are delaying refunds this year. Minnesota delayed some business tax refunds last year and may do so again. Alabama is waiting to send out millions of dollars in refunds until it has the cash.
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"We've had a phenomenal run in asset classes across the board," says Dan Greenhaus, chief economic strategist for Miller Tabak + Co., an institutional trading firm in New York. "If Obama was a Republican, we would hear a never-ending drumbeat...
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Fed Reserve Chairman Ben Bernanke used a Dallas Regional Chamber luncheon on Wednesday to tell the American people what flibbertigibbetty fools we are.
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More than 1.2 million households [have been] lost to the recession, according to a report issued this week by the Mortgage Bankers Association that looked at data between 2005 and 2008. That number doesn’t include information from 2009...
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The American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating. So it is surprising that many commentators seem to doubt such a thing could be happening.
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In the week ending April 3, the advance figure for seasonally adjusted initial claims was 460,000, an increase of 18,000 from the previous week's revised figure of 442,000.
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One stunning statistic that hit this week regards California’s unemployment insurance claims being paid out. California is paying out some $100 million per day in unemployment benefits.
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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Ernest Hancock and Jack Gregson
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"It's Time To Part Company", Walter Williams on secession. - "Congress Is a Criminal Syndicate", Gerald Celente - "It's Coming, and It's Far Worse Than Real ID" Obama, totalitarian national biometric ID, and his GOP allies. Article by Alex Newman.
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First, the US-led capital game has reached its own limit. Financial liberalism has gone wild since the Thatcher cabinet of Great Britain and the Reagan administration of the US set off a wave of "neo-liberalism" in the 1980s. In 1999 the US adopted
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Despite all this government help, lenders have continued to turn their backs on riskier borrowers, driving students to the government’s direct lending program. With the banks enjoying heavy subsidies while failing in their mission, Obama campaigned i
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For those who argue that we are emerging from recession and that we are seeing real final demand increases, you have to square that against these charts. It simply isn't happening.
