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Clearly the middle class is not getting any net benefit from all the bailout money. So where is this money going? The bailout funds have gone to repair the broken and battered balance sheet of banks. Yet this was not the pretense that was put on..
Gerald Celente is interviewed on Russian TV, which tends to be freer than US TV. He discusses the economic collapse and social unrest ahead, and why we can not trust the ruling class or their universities. Americans are rightly angry...
The deepening chasm that divides the world of finance and politics on the one hand and the world of everyday people on the other, as Rasmussen indicates: 67% of Political Class Say U.S. Heading in Right Direction, 84% of Mainstream Disagrees.
We've had more and more signs of potential deflation and the Fed is terrified of that...They've got to come up with something inventive, something as they call it, 'new quantitative easing.' And yet that brings the concern if they...
Now, qualified homebuyers in the three states pioneering Affordable Advantage need not put down the 3.5 percent minimum down payment required by the FHA, or much of a down payment at all. They can get 100 percent financing....
U.S. Labor Secretary Hilda Solis spoke to CNBC after the jobs report release today and made an effort to spin the report as a positive for the amount of jobs the U.S. has gained in this recovery.
The ever critical ratio of civilian employment to population is now at 58.4%... It was last this low (to the upside) in October of 1983. At least in one way Obama has caught up to the Reagan administration.
If the U.S. tries to open the Strait of Hormuz by force against Iran, I think it's likely that most of the fleet will soon be turned into an artificial reef that divers in future decades will explore with morbid fascination.
Census 2010 hiring decreased 143,000 in July. Non-farm payroll employment increased 12,000 in July ex-Census. Also June was revised down sharply to 267,000 jobs lost (revised from 125,000 jobs lost).
The University of Michigan consumer sentiment index — currently at 67.8 in July — is the lowest since November 2009. What is the average during recessions? 73.8. What does it average in economic expansions? Try 90.9. So you tell us where we are
The number of Americans on Food Stamps has grown by 14.5 million in 4 years. Just imagine how bad it would be if we were not in a full blown economic recovery for over a year now...
Thus the demographics -- which is frequently cited as the guiding force behind the Japanese malaise -- threatens US markets, and the future robustness of the US economy.
Lending for commercial loans has collapsed. Even though banks would like you to believe that all is healthy and strong they have a front row seat to the carnage in the CRE market.
Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 19 percent from a year earlier and increased 0.9 percent from April, the US Department of Agriculture said in a statement on its website.
The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.
The week ended July 31 saw 479K initial jobless claims, obliterating the expectation of a minor improvement of 455K from the prior week's 460K (revised from 457K). We are certain that this latest horrendous economic data point will be spun positively
The Bush administration's "misguided" policies are to blame for huge U.S. budget deficits, Treasury Secretary Timothy Geithner charged on Wednesday as he sought to build an election-year case for ending tax cuts for the wealthiest Americans.
The office vacancy rate is at a 17 year high at 17.4% in Q2, up from a revised 17.3% in Q1 and 16.0% in Q2 2009. With the office vacancy rate still rising, office investment will probably decline further...
A marvelous thing happened over on Paul Krugman's blog at the New York Times last week. Krugman effectively conceded defeat on a range of economic debates. Who defeated him? People who posted comments on his New York Times blog.
We left off yesterday’s issue “When Good Falling Prices Go Bad” wondering what stock market investors were thinking. They bought stocks heavily on Monday. Then, yesterday, they sold them a bit – the Dow fell 38 points.
President Barack Obama's signature plan to combat the housing crisis has fallen short of its goals -- rather than significantly and permanently reducing home foreclosures, it is only delaying them.
Perhaps it’s because the daylight lingers, but the season seems especially revealing of the madness of those who have the nation staring into the abyss of bankruptcy. Among the summer’s disclosures is news that the monetary authorities have topped th
Oil prices stretched towards 82 dollars per barrel on Tuesday, on the back of buoyant market sentiment, the weak dollar and hurricane concerns in the US Gulf of Mexico, analysts said.
So to help you prepare for this Friday, we've assembled some key charts showing the current state of the US labor market, which, yes, remains horrendous. Let's take a look.
The 137,698 consumer bankruptcies filed in July represented a 9 percent increase nationwide over the 126,434 filings recorded in July 2009, according to the American Bankruptcy Institute (ABI), relying on data...
Another unintended consequence of the plunge in interest rates has been that “savers” have been forced to become “speculators” or gamblers. When interest rates on safe corporate bonds were around 8%, a couple could aim for saving half a million doll
Meredith Whitney appeared on CNBC earlier and was about as bearish as ever, not only on financials, but on housing as well. In addition to saying that she expects the housing market to get worse in Q3 and Q4, the maven again reiterated...
Sorry to hear about your losses in the coal market because of a 'rookie error' in taking on overlarge positions, but an epic short squeeze is coming for your massive and untenable positions in silver and gold, and hell is coming with it.
Potential customers are staying away from showrooms amid signs the pace of the economic recovery is slowing. A jobless rate that remains at a 27-year high helped push the Conference Board’s measure of consumer sentiment to the lowest level...
Factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft.
