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The California Central Valley city of Stockton has been a poster child for the Great Recession, infamous for its housing developments filled with foreclosed homes, its tent cities along the San Joaquin River, and its horrendous 20% unemployment rate.
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Congress approved a rewrite of rules touching every corner of finance, from ATM cards to Wall Street traders, in the biggest expansion of government power over banking and markets since the Depression.
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Republican National Committee Chairman Michael Steele sparked a political frenzy recently when he alleged that President Obama is responsible for the war in Afghanistan and questioned the prospects of a U.S. victory in the region.
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CNBC's Simon Hobbs fought it out with Michael Pento today about the reality of the current economic situation in the U.S. The fireworks start around 3:25, when Hobbs starts questioning...
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What about demographics — an aging boomer population — and a crappy economy that has the 55+ cohort postponing retirement and consequently crowding out the younger generation (parents keeping their own kids/grandkids out of the job market...
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The UMichigan consumer confidence index dropped from from 76, the best number since January 2008, to 66.5, the lowest since August 2009, on expectation of 74.5. The expectations component came in at 60.6 versus expectations of 68.5...
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Based on empirical evidence presented previously by David Rosenberg, and also confirming all the macro economic data seen in the past two months, virtually assures that the US economy is now fully in a double dip recession scenario."
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Goldman Sachs has agreed to pay $550 million to settle federal claims that it misled investors in a subprime mortgage product as the housing market began to collapse, officials said Thursday.
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Bank repossessions increased 38% in the second quarter from the same period a year earlier for a record total of 269,952, according to data to be released Thursday by RealtyTrac.
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US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year.
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The Senate passed the financial overhaul package in a final vote, ending a year of wrangling over the shape of the landmark legislation. The focus now shifts to implementing the new regulations over coming weeks and months.
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# One on the List: 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
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If Iran were to block the Strait, oil prices would jump dramatically throughout the world.
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We have been targeted for an economic, military, and social coup d’état by globalists who know that to get people to accept a new way of life under the heel of the new world order requires that the pillars of everything we knew before are pulverized.
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Those who think manufacturing is going to lead the way to a sustainable recovery need to think again. Data suggest durable goods sales are about to collapse.
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Obama the Socialist Fascist Communist - The Murderous Fed - The New Eugenics - Forget Home Ownership - 2nd Passports
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But there was another message, too, sent through the Canadian police: “If you don’t like it, how about a rubber bullet?” It looks like G-20 countries will deal with opposition to their plans through martial law and police brutality.
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The deflation threat continues as the drop in total retail sales persists, with the latest number coming in at -0.5%, once again worse than expectations of -0.3%, compared to a prior revised number of -1.1%.
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President Barack Obama's White House will argue Wednesday that its policies have saved or created three million US jobs, as it battles to convince Americans the economic recovery remains on track.
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All US banks would have lost money last year if it hadn't been for your taxpayer dollars, and, indeed, all but the 6 biggest did. They received many trillions in public funds, all of which are a loss to you, who have also lost those $7 trillion on...
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In a nutshell, 63% of respondents confirmed things in the nation are headed in the wrong direction, 71% disbelieve Kool Aid pushers and say it still feels like the economy is in a recession, with 13% convinced a double dip is coming...
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How Will the Economy Look on Election Day? - Staggering Stats About the Silver Supply - Why Not Carry the Big Gun? - Government Makes a Bad Situation Worse
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That said, an economy several months into a recovery from the worst recession in decades should be yielding rail traffic levels heading north, not south.
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am asked this question more often than you would expect. Clearly, many people are thinking things are only going to get worse and not get better any time soon in America.
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It looks as if the global economy is heading for a serious slowdown this year. Emergency austerity programmes in some countries will put a drag on growth. Inventory adjustments will run their course.
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The NFIB released its latest survey of members, and on a range of things from earnings to access to credit, the situation is very bleak. That's why it's still so hard to find a job.
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38% of small businesses are using credit cards as a funding mechanism (!!!) At today's pricing this is suicidal. If this number indicates those small business who have effectively been forced into this use of credit (we're in deep kimchee...
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Well today another leading indicator is rolling over. It's the Pulse of Commerce Index (PCI), which basically tracks fuel consumption across the U.S. faster than many of the other leading indicator data sets can come out.
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"The U.S. economy faces hurricane force headwinds and the government is at the center of the storm, making an economic recovery very difficult." Please don't let this prevent robots from gobbling up futures as AA manages a stunningly manipulated...
