"The current European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it." ~ Dennis Gartman, hedge fund manager and writer of The Gartman Letter
Three truck drivers, showing what appeared to be the right paperwork, drove off with $500,000 worth of copper wire from a Georgia company, police said.
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini told an audience on Tuesday at the London School of Economics.
Record numbers using food stamps. The Agriculture Department said a record 40 million Americans, or 1 in 8 Americans, may not be able to eat without government assistance. “This is the ultimate sign of an under class,” the Hoffman Brothers say.
The Waterfall pattern is the opposite of the spike high. It is far more devastating to say the least, for in its wake, there is profound change. This is how nations die.
When the market is going to make that turn because when it does, we believe that it’s going to go into a complete freefall like we saw in oil back in 2008 that could push the Dow as low as 5,000 or lower by the end of the year,” he said.
Dow Theorist Richard Russell: Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid.
On Sunday, researchers said computer models show oil has already entered the loop current that could carry the toxic goo toward the Keys, the third-longest barrier reef in the world.
Dr. Copper's prognoses for the world economy is very grim. Even as the market managed to produce some gains, the bellwether metal got crushed today, and over the last month its taken a monster loss.
As for the stock market: The second half will be "bleak." Why? No end demand from consumers, and a double dip in housing.
Charles Goyette is the author of "The Dollar Meltdown". Charles helps us understand the economics of Europe and why what is happening there will happen here.
"I'm gonna die right here." Mike Williams was the chief electronics technician aboard the Deepwater Horizon. He was below deck in his office when the explosion occurred.
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The notion that a central government could provide cradle-to-grave care for all its citizenry was only possible when the worker-to-retiree/recipient was on the order of 10-to-1 or 5-to-1. Now that it is effectively 2-to-1 in most of the developed wor
The macro-swindle of a worldwide Ponzi orgy now stands revealed and the vacuum left in its place is about to suck everything familiar into it -- standards-of-living, hopes, dreams, not to mention lives. The political action will be a desperate...
Hogarth said a computer model shows oil has already entered the loop current, while a second shows the oil is 3 miles from it — still dangerously close. The models are based on weather, ocean current and spill data from the U.S. Navy...
A BP statement said simply that the four-inch (10-centimeter) diameter tube inserted into the 21-inch leaking pipe using undersea robots had captured "some amounts of oil and gas."
Unless real focus is afforded to re-engaging small businesses in this country, we will have a tragic and dangerous unemployment level for an extended period of time. Small businesses fund themselves exactly the way consumers do, with credit cards...
This General Motors CEO explains a few more detail about how GM repaid their loan in "full with interest"!
In an interview with The Daily Telegraph, Mr Hayward said the five-hour meeting involved a "very deep dive" into the situation at hand, with "lots of nuclear physicists and all sorts of people coming up with some quite good ideas actually."
Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick. The discovery is fresh evidence that the leak from the broken undersea well could be
Oliver Stone’s “Wall Street” sequel, subtitled Money Never sleeps, is a hit. It’s a formula Hollywood movie in the great sense. For the first time in a long time, the formula works. There are many good things to say about Money Never Sleeps. T
An evaluation of who you can trust and who you can't is, in coming years, likely to be the most-important decision you will make, and you will make it time and time again. Being wrong in the coming decade may throw you into rank destitution...
But the depression is ongoing and the reason we say that is because real personal income, excluding handouts from the government, has barely budged. In fact, real organic personal income is nearly $500 billion lower now than it was at the peak...
The pressure at 5,000 feet undersea -- where the well site is located -- is so high, that containment efforts are likely often to fail. At 5,000 feet underwater, blocking elements have to be able to hold even with pressures off 40,000 pounds per sq..
In the three weeks since the April 20th explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico, and the start of the subsequent massive (and ongoing) oil leak, many attempts have been made to contain and control...
The beginning of a U.S. currency crisis and hyperinflation. Become a member of NIA for free at http://inflation.us Ron Paul looking good!
Even college students know what the banksters are doing to this country. Instead of JPMorgan CEO Jamie Dimon, their choice for commencement speaker was Simon Johnson, author of “Jamie Dimon Is the Most Dangerous Man in America.”
"I need a freakin' job." That's the message President Obama saw as he arrived in Buffalo, N.Y., this afternoon for an event talking up the administration's success in creating new jobs.
On the whole, sales were off 26 percent to $766 million, with software sales (the most closely followed of the numbers) plunging 22 percent to $398.5 million, according to NPD Group, which tracks video game sales.