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The bigger picture is that the U.S. economy is more over-leveraged than it ever has been before, and we are caught in a debt spiral that is basically impossible to unwind.
Bernanke knows how unpopular he and his fascist institution are right now after all of the crimes they have committed in plain view since 2008. As such, he knows he needs cover for QE2 and that means some sort of deflationary shock that scares...
Shares of Goldman Sachs have begun a move lower on very heavy volume as we are hearing that controversial banking analyst Meredith Whitney has lowered her earnings estimates on the stock ahead of the company's quarterly results...
We have endured two cataclysms in which a regulatory agency upon which our nation's economy and environment depended failed to meet even the minimum requirements for doing its job.
PS: If the economy is recovering why are sales tax receipts down 6.9% from last year - the supposed "bottom" in the recession?
$166 billion jump spurs concerns over policy. And your family's share is only $104,000+
Given the headwinds in this economy, the lack of jobs, the falling consumer confidence numbers, falling new home sales, and falling leading indicators, today may be the last hurrah for retail sales for quite some time.
The con of the decade (Part I) involves the transfer of private debt to the public (the marks), who then pays interest forever to the con artists.
Repeal the Drinking Age - Gun Liberty - The Very First Step in Survival Prep - Why the .380 Handgun Boom? -
Not only is it easy to beat record low comparisons of a year ago, same store sales are rising in part because stores are closing like mad.
This is the scary chart I’ve been sitting on for about a year and I now reluctantly post it. It shows a potential head and shoulders pattern with a possible target of approximately 1,300
In the sushi again…just like we said! The US stock market managed a weak rally yesterday. The Dow rose 56 points. Gold fell, closing the day below $1,200. This morning, stocks are generally going down again all over the world.
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China ruled out the "nuclear" option of dumping its vast holdings of U.S. Treasury securities but called on Washington to be a responsible guardian of the dollar. In a series of statements explaining its work to the Chinese public, the State
After slumping 4% yesterday to close at 2,127, the Baltic Dry has plunged yet another 5% today, to close just above 2,000 at 2,018. This is the lowest level for the index in 14 months since May 5 of 2009 when it last traded by 2,000...
"I don’t want to agree with him, because if he’s right, we’ve basically got to go to the mountains with a gun and some soup cans, because it’s all over."
More education = longer unemployment if the job is lost. The upside is the more educated the worker, the less likely they are to lose their job, but the downside of being more educated is that once they hit 45 if they lose their job, they are toast.
#10 Wages declined at a 1.1% annual rate in June — this never happened during the recession and is a 1-in-50 event. Rare indeed.
What is yet unknowable is what the reality is of BP’s off-balance sheet obligations and leverage positions. How many Special Purpose Entities (SPEs) is it operating? Remember, during the Enron debacle...
Liberty or Power - Overthrowing the State - Public School Lies - Hedging the Coming Apocalypse - The Fraud of War - More Debt! - When the Media Are Mainly Liars - Thinking About Becoming an Expat? - Real Food, or Edible Foodlike Substances?
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
CHICAGO — Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you into his office to examine his daily briefing memo.
The Dollar Can't Be Trusted as a Reserve Currency - Public Schools Are Anti-Mind - Gold Confiscation - An Ancient Lesson in Survival - Ten More Years of the Golden Bull - Redeeming States Rights - Colossus, The IMF wants to take over the world -
Thanks to the barrage of rather horrible employment data we've been hit with recently, Deutsche Bank is pushing back their forecast for a Federal Reserve interest rate hike from November 2010 to all the way out as far as potentially March 2011...
“It’s pretty safe to say about 75 percent of our reservations that have been on the books are gone,” Schroeder said. “Some condos and hotels are 100 percent cancelled.”
Karl Denninger believes he is witnessing market manipulation on his computer monitor, and he wants us to take a long hard look at it. The suspect numbers appear and disappear on his monitor very quickly.
By the end of July the number grows to 3.2mm. These are big numbers. This will show up on Wal-Mart’s sales. It will show up everywhere. Consumption will drop. Landlords will not get paid. Confidence will drop. Markets will drop. Federal and...
Policies proposed will wreck the economy, not fix it
The middle class is dead. The US has produced a self-sustaining two-class society. Most Lower Class Americans are in bad or uncertain economic shape but the rich and powerful Upper Class crowd keeps making an
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Alex Jones breaks down the takeover by offshore banking powers– newly empowered by Congress’ banking “reform,” expanded taxes worldwide, as well as accelerated moves towards ending the Dollar’s reserve status, including urging from a recent United Na
