The population of peak earners has peaked and is in the process of crashing. The peak earnings and thus peak spending statistically occurs at age 46.5 in the United States and the Baby Boomers aggregate peak is now beyond peak!
Start-up activity fell to an average of just 3.7% of all jobseekers in the first two quarters of this year, down from 7.6% in the first half of 2009 and 9.6% in the second half, according to Challenger, Gray & Christmas, Inc, reports WSJ.
"We really wanted to create that sense of excitement, that sense of urgency," said Target spokeswoman Molly Hanus.
We’re fast approaching the critical 1,040 “support” on the S&P 500 – below which technical analysts tell us there is a dark abyss that includes a retest of the March 2009 lows.
The economy is one sick puppy and we are seeing first hand now what it looks like once the crutch of government support is taken away.
As it stands, the Democrats face a potential wipeout in November. If the stock market crashes in July, August and September, that would seal a Democratic defeat of potentially epic proportions. If I were in the Fed, and my compliant political lackeys
The dive to 66.5 in the University of Michigan consumer sentiment for July takes the index back to August 2009 levels. Just awful. Even by November 2002 (12-months after the recession ended in 2001) consumer sentiment was at 84.
Glushken Sheff economist Dave Rosenberg keeps finding more evidence for a double dip. July economic data has been soft -- and "this all follows a very bad May and June... so what we have is a downtrend in the making, not a blip."
John Reeder over at Marketwi.se warns us that this might be a reason to worry given the mainstream media’s track record of calling booms or busts at exactly the wrong times.
How is one to navigate the mean streets of InvestoWorld? Rob Bennett has the lowdown on the down-and-dirty in this week’s Investing: The New Rules.
If your junior-high soundtrack was more Bangles or Britney than Beatles, I am going to try to scare some sense into you with three words about life in retirement, based on personal experience: The paychecks stop.
The dollar fell the most against the euro in 14 months and dropped to the lowest level this year versus the yen as economic reports added to evidence that the U.S. recovery is losing momentum.
The financial reform bill currently working its way toward President Barack Obama’s desk for signing is being touted as the biggest overhaul of the banking and investment sectors since the Great Depression.
Seeing there's been quite a bit of interest in my recent comments on CNBC about the historical parallels between the Great Depression and the recent financial crisis, I thought it may be appropriate to elaborate further on the chart technicals behind
After months of careful consideration, landmark financial reform legislation moves towards final passage. While this bill is a vast improvement over the existing regulatory structure, I believe it should go further with respect to erecting statutory
To fool us into being tax slaves for the regime, says David Galland. But there is change coming.
The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the BLS...
VIDEO July 16 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, says he's "convinced" the Federal Reserve will soon implement "massive" quantitative easing policies. Bloomberg's Sara Eisen reports.
In this radio interview John Williams of ShadowStats.com explains the real unemployment level is 22 percent, stimulating the economy won't work, and how we face the possibility of a sovereign default.
The Money Supply Conspiracy
The Fable of the Bees (UPDATED) So, you want to understand what happened to the economy in 2008? I have an answer. It's a poem.
Paved roads, historical emblems of American achievement, are being torn up across rural America and replaced with gravel or other rough surfaces as counties struggle with tight budgets and dwindling state and federal revenue.
Marc Faber Expects a Return to Massive Quantitative Easing by October
Where did all those trillions of dollars go that helped to bailout the banking industry? The average American was under the impression that the taxpayer bailout was designed to provide added liquidity to these business so they could continue to...
The key point to notice in the above chart is that if the current 2010 curve continues its current course, in about 20 days the 2010 slowdown will be more severe on a day-to-day basis than the 2008 'Great Recession' was at the same point in its...
Steve Wynn, a casino resort/real-estate developer who has been credited with spearheading the dramatic resurgence and expansion of the Las Vegas Strip, talks about the Fall of America.
Lauren Canario - Free Activist Standing Up To "THE MAN" ( or sitting down - getting arrested for sitting on a porch of one of the condemned buildings) / Thomas Ferguson - is professor of political science at the University of Massachusetts, Boston
Imagine the face of Lt. George Morris. On March 8, 1862, his ship, the USS Cumberland, found itself a victim of what the economist Joseph Schumpeter called ‘creative destruction.’ The creativity came in the form of a revolutionary new technology, iro
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.
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.