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We will shift from one where the market still believes that reserve currency is enough of a backstop to prevent the collapse of the US, to a regime where incremental bailouts will be seen as negative. That moment will be true black swan...
The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
Host:
Ernest Hancock
Jack Gregson returns with more news about the state of the economy
The survey shows that 76 percent of Americans believe that the US economy remains in recession; an even larger 81 percent describe themselves as dissatisfied with the economy.
#1 In fact, some local shrimpers in Louisiana are already predicting that it will be seven years before they can set to sea again.
Every Decent Man Is Ashamed of the Government He Lives Under - US Government Bonds Are Junk - One Thing You Can Say About Jesse Ventura - Politicians Lie to You About the Economy - The Truth About Elena Kagan - The Welfare State Is Through
The time when we could have done something to fix the system is now long gone, courtesy of the administration's waffling for the past two years as instead of getting to the root cause of the last and future crash, it was focused on bailing out bankru
Paul Farrell points out the ugly truth about profligacy, American style:
Or as Joe Klein so colorfully phrased it, the elite have been strip-mining the middle class in America for the past thirty years.
The second leg down of the Depression was larger than the first, as shown by this chart of the Dow:
Europe has lost its head! First, the weather is completely out-of-sync with the calendar. Perhaps it’s because of the volcano in Iceland… The dust is blotting out the sun. There’s no sun here today. Instead, the sky is pale grey. And it’s raining. Th
Jefferson reiterated his conviction: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by de
The problem at those depths has been the formation of gas hydrates, ice crystals described as “jelly like” by one former drilling engineer, which filled the top of the container and made it impossible to use it to pump the oil up to the surface.
If we subtract the bogus phantom jobs created by the "birth-death model" and the temporary Census Bureau jobs, the U.S. economy is staggering along the zero line, neither creating jobs nor losing them.
Adopting new, U.S. market-wide circuit breakers to halt precipitous drops in individual stocks is "a done deal," a source said on Tuesday, five days after a severe market plunge rattled investors and perplexed regulators.
As CNBC hosts Joe Kerne and Rick Santelli pointed out yesterday, the Tea Party movement seems largely clueless about the fact that a huge chunk of the $1 trillion dollar bailout heist being pushed through to save the face of global economic governanc
April marked the 27th consecutive month in which small businesses either shed more or the same number of jobs that they added, according to a monthly survey to be released Tuesday by the National Federation of Independent Business...
The nut is that a fund linked to Nassim Taleb -- Mr. Black Swan -- may have placed the initial trades that got the ball rolling for Thursday's violent selling.
If you follow a Buy-and-Hold strategy, you are the gambler. Do gamblers sometimes win? They do indeed. But you don’t want to be the gambler, you want to be the house. Is there a way for the stock investor to get the odds on his side? There is.
Gerald Celente explains in a very forceful manner just how ugly the summer of 2010 will be.
But more importantly, beyond their debt, is that they don't have their own central banks, which turned out to be Greece's problem. The central bank distinction is key, as it's the reason that the UK hasn't found itself in a fiscal crisis yet.
This could be risky as experts have warned that excessive tinkering with the blowout preventer -- a huge 450-ton valve system that should have shut off the oil -- could see crude shoot out unchecked at 12 times the current rate.
If it’s true that millions upon millions of gallons of crude oil are flooding the Gulf with no end in sight, the massive oil slicks being created could make their way into the Gulf Stream currents, which would carry them around the world...
In this video report on graduates from the University of Phoenix, it was stated that only 20 percent found employment after graduation in 2009. The reporter goes on to say that 7 percent fewer who graduate will find employment in 2010.
In this Russia today interview Gerald Celente explains the economic crash that will soon hit the American economy.
Here's the latest NOAA 72-hour oil slick projection map, which was prepared Saturday night at 9:00 PM. The red dots represent beached oil.
For example, few people imagined in 2007 that U.S. real estate prices could all decline at the same time, and therefore assigned this event such a small probability that it was believed essentially impossible.
According to Market Ticker's Karl Denninger, during, the 6-minute crash and rebound on May 6, 2010, brokerages were illegally shutting down trades with the New York Stock Exchange and going to other exchanges for trades instead, but giving their cus
The leverage is overwhelming the system.
BP faces the prospect of drilling a relief well to cut off the leaky oil well, which could take two to three months. A giant oil slick from the gush of oil threatens to create an environmental disaster for four Gulf Coast states.
