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Put away all of your charts: here’s the new symbol for the economic downturn that’s set to begin. After the weakness of the economy and the coming TaxAgeddon on January 1, 2011, is it much of a surprise?
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The US is headed down. You'll see home starts, permits, sales plummet in the next few months, that's going to add more supply to the housing market, that's going to put bank assets under duress, that's going to put their capital under duress...
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Video. You Can Smell The Oil From A Helicopter And Birds Are Frying!
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19,600,000,000,000. That is a terrifying number. That is the new debt that we could be hitting as of 2015. Where are the people who were screaming at Bush II for a debt of 500 billion by the end of 8 years? Excuse me – this deficit was 10
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The recording from last week shows a high resolution camera -- not the fuzzy image we're used to -- that BP previously refused to release. Based on the video, scientists are quickly revising leak estimates.
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We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt...
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Speaking with someone in Houston via satellite phone. Buzbee told Mother Jones that, according to this witness account, Harrell was screaming, "Are you f---ing happy? Are you f---ing happy? The rig's on fire! I told you this was gonna happen."
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If BP has discovered the mother of all fields with pressures so enormous, they can’t be controlled with modern technology, a possibility which some geologists admit, then more huge leaks will spring and the nuclear option will be the only one left.
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Well that was obvious. But it's shocking that he admits it. Fed chairman Ben Bernanke has warned about a tough recovery ahead, in an interview with CNN.
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Tax hikes expected to hit after the expiration of the Bush tax cuts will cause today's corporate profits to tumble next year — probably right after a stock market collapse, says economist Arthur Laffer, chairman of Laffer Associates and inventor of
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From a purely simplistic technical perspective IG credit’s death cross is forecasting more difficult days ahead in the credit markets and that is certain to coincide with more difficulty in the equity markets. Investors would be wise to take note.
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With a rate this low, it is signaling some major players want complete safety--zero risk tolerance for the very short-term.
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The Dow dropped another 115 points yesterday. Gold moved up to near an all-time high. This past weekend, we worked on a barn roof…just like we did 30 years ago. But come Monday morning we didn’t feel 30 years old. Our legs still ached from the weeken
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Matthew Simmons: BP Won't Last The Summer, There's Another Hole 7 Miles Away Blowing Massive Amounts Of Oil Each Day Into The Gulf Of Mexico.
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Leifer said that based on satellite data he's examined, the rate of flow from the well has been increasing over time, especially since BP's "top kill" effort failed last month to stanch the flow. administration predicted.
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Economy - Economics USA
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Ernest Hancock
Do you think Americans in 1930 knew how long and how bad the economy was going to be..... where did they get their information? / More Private Space Stations!
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In fact, withholding taxes during May declined sharply, confirming what you are feeling down in your gut -- people just can't find work and less taxes, in total, are being forked over to local and federal authorities.
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Right now, everyone is focused on unemployment as the lead indicator of the U.S. economic demise. But the real concern isn't unemployment, it is the other benefit schemes blowing up as a result of more people needing government assistance.
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Speaking Truth, Loving Freedom, Murray Rothbard has triumphed, says Lew Rockwell. / Collapse of the Dollarzone, Peter Schiff on the phantom recovery, and worse. / Governments Hate Gold, We should love it. Article by Ron Paul.
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That rally, of course, was also the biggest sucker's rally in history. After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high.
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"The fact that people are sitting down indicates just how bad the market is for some categories of people," says Peter Morici, professor at the University of Maryland's Smith School of Business...
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If you do that, you'll find that the economy has recovered to the point where the the year-over-year growth rate since early 2009 now matches the worst performance of any of 50 years preceding the recent downturn.
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President Barack Obama is asking government agencies to develop plans for 5 percent reductions in array of domestic programs, the White House said.
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The euro is likely to bottom out against the U.S. dollar within two weeks, based on strong near-term technical indicators, longtime market analyst Robert Prechter said.
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Must See Video: Matthew Simmons, author of Twilight in the Desert says we basically have two options: Let the well run dry (taking 30 years, and probably ruining the Atlantic ocean) or nuking the well.
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Pimco's, Crescenzi wrote in an e-mailed note. Debt-fueled spending programs aimed at combating the global financial crisis of 2008 are among policy tools now “being seen as a magic elixir that has morphed into poison.”
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Justice vs. Government Lies - Judge Andrew Napolitano on the Articles of Confederation, Lincoln, Austrian economics, and more. / Rules for Libertarian Childrearing - Ron and Carol Paul / Government Desperate: Gold Tax Imminent?
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This may be the real nightmare scenario in the Gulf. Some have speculated that the inner integrity of the Deepwater well could be blown (not just the top) and that oil could be leaking out from the side, making it hard to imagine how you might...
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“Gaius Julius Caesar instead gazed into the turbid waters of the Rubicon, and said nothing. And his mind moved upon silence. The Romans had a word for such a moment. “Discrimen,” they called it – an instant of perilous and excruciating tension.”
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The American Way of Life is not so charming, but its very sprawling character may prevent a political maniac from controlling enough of a base to hold all the states and regions together in a thrall of fascism -- and there are all those firearms...
