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Since June of this year, your money weighed against a basket of other depreciating currencies has now fallen 15%! And it is in process of a 5th wave down that is breaking major support. (Dollar Index may fall below 70 by 11-14-10)
The prior week's 434K was revised to 437K, continuing the statistically improbable streak by the Ministry of Truth. Otherwise, the current number, which will also be revised higher next week, came at 457K, 15K worse than expectations of 442K.
But astonishingly, the 200 miles of flood tunnels are also home to 1,000 people who eke out a living in the strip’s dark underbelly.
Freddie Mac, the second-largest provider of U.S. residential mortgage funding, on Wednesday said a faltering housing market resulted in a $4.1 billion third-quarter net loss and another draw from the Treasury to maintain positive net worth. Freddi
QE Begins!! $600 billion will be printed to purchase Treasuries by Q2 2011. That's a bit more than the latest expectations.
Transfers have made states dependent on federal assistance. New York, for example, spent in excess of 250% of its tax receipts over the last decade. The largest 15 states by GDP spent on average over 220% of their tax receipts.
America has long been a country of limitless possibility. But the dream has now become a nightmare for many. The US is now realizing just how fragile its success has become -- and how bitter its reality. Should the superpower not find a way out of cr
Host:
Ernest Hancock
Hour 1-Kirk MacKenzie-Author of: Money: Defending Your Prosperity. Hour 2-Dan Gutenkauf-is a legal researcher and political activist in many areas, especially in the area of computer election fraud since 1996. Hour 3-Marc Stevens-Author
The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday.
From Sony Pictures Classics comes the new shocking documentary "Inside Job" which investigates and exposes the economic crisis of 2008. The film, in theaters October 8th, was directed by Charles Ferguson and narrated by Matt Damon.
We are in a perilous time. Indeed, the policies of our government - to borrow and spend, larding up the interest costs down the road and protecting those who are bankrupt, simply means that cost pressures - and margin collapse - will accelerate...
Somehow, it's become fashionable to think that high-speed trains connecting major cities will help "save the planet." They won't. They're a perfect example of wasteful spending masquerading as a respectable social cause. They would further burden alr
s in the 17th century, however, the scheme has run into trouble when more than one investor group has tried to foreclose at the same time. And the securitization model has now crashed against the hard rock of hundreds of years of state real est
Investments in offices and malls as a percentage of GDP fell to a 51 year low in the 3rd quarter of 2010.
The official explanation if a benign one: "Armed security guards will be on hand at 36 unemployment offices around Indiana in what state officials said is a step to improve safety and make branch security more consistent."
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, went out of business on Sunday.
Water levels have dropped 133 feet. Islands have emerged and grown. Rocky outcroppings push through the surface, creating watery obstacle courses whose paths shift almost daily.
The way this works is that the slower a ship sails, the fewer times it can make a round trip per year. Thus purposely sailing slowly reduces the effective supply of ships. It's a response to insufficient shipping demand relative to the size...
The president, who is "much smarter" and "more inspirational" than any of his opponents, could benefit from a confrontation with Iran because it would strike up a war machine that would pull the US out of economic stagnation, Broder argues.
It is interesting to note that RI as a percent of GDP has declined to a post war low of 2.22%. Some people have asked how could a sector that only accounts for 2.2% of GDP be so important? (The lowest level of investment in 63 years.)
There's a good chance that the server pouring your coffee and the parking attendant valeting your car has a bachelor's degree, or even a doctoral degree.
Mesopotamian economic thought c. 2000 BC rested on a more realistic mathematical foundation than does today’s orthodoxy. At least the Babylonians appear to have recognized that over time the debt overhead became more and more...
The U.S. economy is a "fiscal train wreck" waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday.
Host:
Ernest Hancock
Stuart Vener - National Real Estate and Mortgage Expert and President of Wilshire Holding Group discussing: Bank of America Freezes Foreclosures / Karen Emery - President of DelValley Silver / Alan Korwin - owns and operates Bloomfield Press and gunl
A temporary foreclosure-sale freeze announced by Bank of America 12 days ago gives most distressed homeowners little hope of avoiding a foreclosure but raises a host of new concerns among housing analysts.
The year’s most popular discount shopping event, referring to the Friday after Thanksgiving, is arriving ahead of Halloween this year, with some promotions beginning this week and others throughout November.
I passed up the obvious title: "Heckuva Job Larry!" That was the moment of President Obama's appearance on The Daily Show with Jon Stewart that set all Americans cringing. Yes, he really said that Summers "did a heckuva job." The candidate that
How many bailouts does it take to get to the center of a hyperinflationary collapse? Three? Or maybe just one continuous undefined fiat injection…
The overwhelming volume of sell transactions relative to buy transactions by company insiders over the last six months in key leading sectors of the market is the worst Alan Newman, has ever seen since he began tracking the data.
