It would appear consumers do not, in fact, moderate their spending while still in possession of credit (regardless of its cost) - quite the contrary: they accelerate spending until the charge off threshold at the lender is breached, and all credit is
The US used to point the finger at Japan's "Lost Decade" saying "It won't happen here." But it did. Median wages are nearly 5% lower in real terms than in 2000, the poverty rate is at a 15 year high, and the S&P 500 is about 20% lower than it was...
In 2002, in a speech that earned him the nickname “Helicopter Ben,” then-Fed Governor Bernanke famously said that the government could easily reverse a deflation, just by printing money and dropping it from helicopters. “The U.S. government has a te
Karl Rove Goes Postal - Baseball, Apple Pie, and Torture - 15 Shocking Poverty Statistics - Household Net Worth Plunges - The Bailout of America.com - 'We're All Freakin' Doomed' - Good News About Castro and Cuba
Forget the Bush tax cuts. We need a $1 trillion per year post credit bubble debt cut, but we're not going to get one. That's why the gold price is going through the roof.
Yes, Britain’s “South Sea Bubble” in the early 1720s was the last time a bear market was comparable to what we may see unfolding now...
Household net worth (assets less liabilities) in Q2 2010 plunged by $1.5 trillion, almost exclusively due to a plunge in Corporate Equities ($0.9 trillion) and Pension Fund holdings ($0.7 trillion). In other words, the net wealth of the US household.
The percentage of companies reporting seeing a decrease in sales broke over 30%, and historically everytime that's happened, a new recession has followed closely thereafter...
More than one out of five Arizonans live in poverty, a figure higher than anywhere else in the nation except for Mississippi.
The way I see it it's imperative to realize the strong possibility of much fiercer currency wars in that race to the bottom.
The $6.6 trillion figure is based on projections of retirement and income for American workers ages 32-64. The study's authors say they arrived at the amount using conservative assumptions, including a 3 percent rate of return on assets...
US home repossessions spike in August to highest level since start of mortgage crisis
Glenn Beck Is a Socialist - Government Dominoes Topple - US Debt Is a Huge Problem - The Depth of Deceit in JFK's Murder - Badass Conspiracy Movies - How To Clean Like a Man - The Story of Silver
In the name of Bob Farrell’s Rule #2, as it pertains to mean reversion, either NFIB surges from here or ... look out below with regard to the growth rate in industrial activity.
In 2009, 43.6 million people were in poverty, a 3.8 million increase from 39.8 million in 2008—the third consecutive annual increase in the number of people in poverty.
We have the details that indicate a prolonged slowdown right here, including hiring plans, capital expenditures, and new orders.
It is beyond a joke now: This is the 19th sequential outflow from US stocks, and amounts to $65 billion in redemptions for the year.
Since 2008, New Jersey and at least 19 other states from Wyoming to Rhode Island have rolled back pension benefits or seriously considered doing do — and not just for new hires, but for current employees and people already retired.
In recent weeks, 63% of consumers have said economic conditions are "getting worse." These future expectations for the economy are among the worst of 2010 and have deterioriated substantially from this point in 2009.
Will There Be Enough Food? - Investing in Gold - Why Libertarians Oppose War - Swiss Institutions Ask: Where's the Gold? - US Faces 'Explosion of Social Unrest' - Gold Confiscation? - Beware of Videotaping Cop Abuse - Why Carry a Gun?
This administration is falling into the same dangerous trap we fell into during the Great Depression, as did the Germans leading into their hyperinflation of the 1920's. The temptation is to do something, anything, to attempt to stimulate the economy
Economists peddling dire warnings that the world's number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here. The guru of this doomsday line of thinking may be economist No
According to Bloomberg, for the week ended September 10, corporate insiders bought $0.5MM in shares in 4 different companies. This was offset by sales of $332MM in 72 different companies, a ratio of 651 of sellers to buyers.
“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost...
If these figures are in fact accurate or anything close to accurate then the so-called GDP numbers, along with "consumer spending" as reported by the government are absolute fictions.
This year’s group, totaling fifty individuals and including more than 10 billionaires, was decidedly pessimistic on the U.S. economy, investment opportunities and the Obama administration.
Throw away the many charts, graphs and theories, there is one important element missing from the economy today. Until we find it again, all the stimulus in world won't help. What is it? John Hayward answers that question in today's Impertinent Ques
The number of people in the US who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
Listen till the end.