The Scariest Unemployment Graph
• theatlantic.com/business/The median duration of unemployment is higher today than any time in the last 50 years. That's an understatement. It is more than twice as high today than any time in the last 50 years.
Contents Pages by Subject
Economy - Economics USA
Deon Long for Florida District 24
• MishSupport hard money advocate and Ron Paul clone Deon Long for Florida District 24
Boomer Created Demographic Hell: Why the economy may stall until 2022
• economicedge.blogspot.com/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!
Obama Misery Index: Small-Business Formations Decline
• EconomicPolicyJournal.comStart-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.
Christmas in July: Building a Sense of Urgency For Consumers to Feed On
• MSNBC.msn.com"We really wanted to create that sense of excitement, that sense of urgency," said Target spokeswoman Molly Hanus.
How to Profit on the Road to National Serfdom
• Dan Amoss via Whiskey and GunpowderWe’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.
David Rosenberg On The Specifics Of The ECRI Leading Index
• ZeroHedge.comThe 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.
Will the Stock Market Crash Before the Mid-Term Elections?
• OfTwoMinds.com/blogAs 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
A Quick Observation on University of Michigan Consumer Sentiment
• Ritholtz.comThe 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.
David Rosenberg: 13 Signs The Recovery Has Hit The Skids
• Businessinsider.com/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."
Economic Propaganda: Time, MSNBC, Fortune All Proclaim CRE Recovery
• Businessinsider.com/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.
Investing–The New Rules: The Godfather Visits InvestoWorld
• Rob BennettHow 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.
To retire comfortably, under-40 workers need to seriously bulk up savings
• Jonathon Kern via Prison Planet.comIf 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.
Dollar Weakens Most in 14 Months Versus Euro on Signs of Economic Slowdown
• Oliver Biggadike and Catarina SaraivaThe 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.
3 Reasons The New Financial Regs Won’t Fix Anything
• Prison Planet.comThe 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.
Dow May Crash to 7,500 If 10,600 Not Breached
• Daryl Guppy via CNBC.comSeeing 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
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
• Sen. Ted Kaufman via the Huffingtion PostAfter 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
Modern Life Is a Fraud
• David Galland via LewRockwell.comTo fool us into being tax slaves for the regime, says David Galland. But there is change coming.
The Jobless Effect: Is the Real Unemployment Rate 16.5%, 22%, or. . .?
• dailyfinance.com/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...
Faber Sees Fed Introducing `Massive' Quantitative Easing
• Marc Farber via Bloomberg videoVIDEO 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.
John Williams: A Sobering Radio Interview On The Current Depression
• KingWorldNews.comIn 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 Predations of an Expensive, Expansive, Deficit-Spending Socialist State
• Richard DaughtyThe Money Supply Conspiracy
Explaining the Depression
• Gary North via LewRockwell.comThe 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.
Back to the Stone Age: Towns Rip Up Paved Roads to Save Money
• online.WSJ.comPaved 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.
Massive Money Printing by October?
• Marc Faber via LewRockwell.comMarc Faber Expects a Return to Massive Quantitative Easing by October
Banks are yanking the credit card from small business
• MyBudget360.comWhere 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...
Consumer Metrics Institute: Economy Has Been Contracting For 185 Days
• EconomicPolicyJournal.comThe 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 Takes On Washington
• Steve Wynn via infowars.comSteve 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.
Host:
Ernest Hancock
Declare Your Independence With Ernest Hancock Afternoon July 16th 2010
Program Date: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
Sinking Prices; Sinking Ships
Bill BonnerImagine 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
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