The ECRI Leading Indicator Index just came at -10.1%, a drop from last week's -9.9%, once again inflecting into double dip territory.
This seems to be a return to the mindset of the middle ages where only the clergy were allowed to read and interpret the bible and the laity were presumed incapable of comprehending the intricacies and subtle nuances of the faith.
Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.
From the Land of Frankenstein - John Taylor Gatto on Prussia and compulsory public schools.
In times of crisis people seek strong leaders and simple solutions. But what if their solutions are identical to the mistakes that caused the very crisis? This is the story of the greatest economic crisis of our age, the one that awaits us. See video
The government's list of troubled banks hit its highest level since 1993 during the second quarter, although the pace of growth continued to slow. The number of banks at risk of failing rose by 53 to 829, the Federal Deposit Insurance Corp. said in i
City officials in Half Moon Bay say the municipal budget is such a mess that it may make sense to disincorporate and turn the place over to San Mateo County. Digging out of budget holes may be harder than simply shutting things down.
Watching economists and media analysts react to breaking economic news is a bit like looking at a flock of pigeons flying over the New York skyline.
If this really is a "double dip" recession, then our data indicates that the "Great Recession" of 2008 was merely the precursor, and not the main event. It is this current dip that we should be really concerned about...
Coming: Great Depression 2 - The Final Crisis Is in the Works - Stop the Printing Presses! - Your Children Are Just Test Animals - Show Me the Gold - JFK Took the Bull by the Horns - College Gets an F
If readers haven’t yet surfed the tasty waves of President Obama’s Recovery Summer, time’s running out. Summer’s almost over and a second scoop of a double dip is right around the corner.
US car and light vehicle sales probably reached a 28-year low in August, their worst level since the same month in 1982. The data for the projections is from Ward’s, a leader in car industry research, and data gathered by Bloomberg.
In other words, there is a potential pool of 2000-3000 banks that would be on the FDIC radar's for getting closed.
Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today.
Federal domestic spending increased a record 16 percent to $3.2 trillion in 2009, the Census Bureau reported Tuesday, largely because of a boost in aid to the unemployed and the huge economic stimulus package enacted to rescue the sinking economy.
Rogers said that with central banks "flooding the world with money," the only place to invest right now is in real assets, whether it's in "silver, or rice or natural gas."
One of the best things about retiring overseas is that you can do it at any age. You don’t necessarily have to wait until your Social Security payments kick in. Of course, you’ll need a way to sustain your new life in paradise. But you do have opt
"JohnGaltFLA", of johngaltfla.com *radio show host http://thewatchmen.biz joins GodLikeproductions to discuss the country's current state of affairs, the impending economic collapse, tent cities, foreclosures, unemployment & more. Video.
#1 More than 50 million Americans are on Medicaid. #2 More than 40 million people get food stamps. #3 Close to 10 million receive unemployment insurance. #4 More than 4.4 million people are on welfare.
Despite the current mood, there's reasons to look beyond the Doom and Gloom mentality--nine reasons, to be exact. Rob Bennett runs them all down.
One look at the above chart in light of an economy headed back into recession and a housing market already back in the toilet should be enough to convince anyone that banks already have insufficient loan loss provisions.
Nothing good to report out of the Dallas Fed, today's last key economic data point, which came in at -13.5%, missing expectations of -10.0%, although a modest rebound from the prior disastrous plunge to -21.0% in July.
So Obama's main task for a year and a half has been to desperately apply baling wire and duct tape to the banking system while telling fibs to the public about a wished-for recovery to a prior state. Unfortunately that prior state is the ecstasy...
They take the paper, because it’s part of the enforcement and military supervision, if you will, of the network that is printing the money. The system has created a fantastically profitable way of controlling large populations and access to resources
Maybe there are more people following Barton Biggs' advice and preparing for a worst-case scenario than you think.
Companies are willing to shell out BILLIONS (so much for all that uncertainty...) for deals that will allow them to shed employees once they're consummated.
By contrast, military manufacturing is now 123 percent greater than it was in 2000 -- it has more than doubled while the rest of the manufacturing sector has been shrinking...
The Public Banking Blog attempts to provide the latest news, views, information, and action alerts on Public Banking, with the ultimate goal of helping to establish publicly-owned banks that operate for the public good.
The makeover outlined Thursday will result in about 130 layoffs this fall, USA Today Publisher Dave Hunke told The Associated Press. That translates into a 9 percent reduction in USA Today's work force of 1,500 employees. Hunke didn't specify which d
For years, Americans have had their phone calls about credit card bills and broken cell phones handled by people in the Philippines or India. But American firms are starting to bring call centers back to the U.S. — and this time around, they are hiri