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Sierra HancockIf you're retired, you can't afford to believe this nonsense
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Economy - Economics USA
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Global
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It's Time to Take Profits on One of Wall Street's Favorite Stocks
Sierra HancockAlcoa has suddenly become one of Wall Street's most loved stocks.
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When This Stock Market Signal Flashes, It's Time to Get Short
Sierra HancockPeriods of low volatility in the stock market are always followed by periods of high volatility. Always.
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A Rare Buy Signal Just Triggered on This Under-$5 Stock
Sierra HancockMy strategy is nearly foolproof. The setup is easy to spot. Almost every time it happens, shareholders see a huge short-term pop in the stock price. I'm talking about one of my favorite strategies for buying large-cap banks.
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Wall Street Is Lying to You, These Warning Signs Are Not
Sierra HancockThey say nobody rings a bell at the top of a bull market. But that's a lie.
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Budget Battles Ahead - And Some Are Getting It (Maybe)
• www.drscoundrels.comThere is a battle shaping up, and it very well could be for the health of our country as a whole. Some seem to be getting the message and some don't. Here we have our take on the upcoming fight and what the cuts entail. Wouldn't it be nice to see s
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Only 47% of working age Americans have full time jobs
• TheAutomaticEarth.blogspot.comTo summarize: 108.616 million people in America are either unemployed, underemployed or "Not in the labor force". This represents 45.5% of working age Americans.
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22 Facts Reflecting The Demise Of California
• Rense.com20 percent of the residents of Los Angeles County are now receiving public aid of one kind or another.
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What Really Happened to 15 Million Jobs?
• theatlantic.comThe Recession wiped out what amounts to every U.S. job created in the 21st century. But even if the recession had never happened, if the economy had simply treaded water, the United States would have entered 2010 with 15 million fewer...
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Arizona's middle class in crisis: Many are barely hanging on
• AZcentral.comThe collapse of Arizona's housing economy in 2006 and the near-collapse of the U.S. financial system in 2008 essentially stripped the veneer of middle-class prosperity from hundreds of thousands of metro Phoenix families.
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Economic Trouble in 2011
Stephen LendmanExpect turbulence ahead
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America's Growth Mirage: The Debt of The Past 60 Years Is Killing Us
• Market-ticker.orgThis, incidentally, is why median incomes haven’t moved upward at all in the last decade and why it seems to be harder and harder every year to maintain a middle-class lifestyle - and has been since the 1950s. The loss of purchasing power...
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The Unspoken Depression In Scottsdale, Arizona
• AZcentral.comConstruction sales-tax collections have fallen to $13.4 million in the past fiscal year from $32 million in the 2008 fiscal year, a decline of 58 percent.
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43.2 Million & Counting: Food Stamps as a JPMorgan Growth Industry
• EconomicPolicyJournal.comJP Morgan is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles...
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Depression: California unemployment rate ticks up to 12.5%
• LAtimes.comCalifornia adds just 4,900 jobs in December, with the government and construction sectors shedding thousands of positions. L.A. County's unemployment rate hits 13%.
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State bankruptcy bill imminent, Gingrich says
• ReutersLegislation that would allow U.S. states to file for bankruptcy will likely be introduced in Congress within the next month, Newt Gingrich, the former speaker of the House of Representatives and a powerful Republican party figure, told Reuters on Fri
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Lawsuit Alleges Banksters Violated PATRIOT ACT
• Gene KernanAmong Claims including malfeasance, statutory violations, and unfair business practices, a California team of attorneys is accusing the nation's largest lenders of violating “proof of funds” provisions of the USA PATRIOT ACT. The law firms of Kramer
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California Declares Fiscal Emergency
• cnbc.comJerry Brown, California’s governor, declared a state of fiscal emergency on Thursday for the government of the most populous US state to press lawmakers to tackle its $25.4 billion budget gap.
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House GOP group proposes deep spending cuts over next decade
• Washington PostCongressional conservatives on Thursday demanded far more dramatic reductions in government spending than House GOP leaders have recently proposed, in the first sign of a fissure between old-guard Republicans and tea-party-backed newcomers.
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Today on LewRockwell.com - Friday Jan 21st 2011
• LewRockwell.comWhat Does China Want? - The CIA's 'Personality Transformation' Program - Thinking About Expatriation or Giving Up U.S. Citizenship? - Money Supply Firing on All Cylinders? - Whatcha Gonna Do When They Come for You?, and they're on steroids?
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State and City Default Crisis Deepens
• arcleinThe credit woes of state and municipal governments are a direct result of Wall Street’s malfeasance. Their borrowing costs first shot up in 2008, when the “monoline” bond insurers lost their own credit ratings after gambling in derivatives. The Fed’
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Barry Ritholtz: Will We Have US State Bankruptcies?
• Ritholtz.comAttention Teachers, Police, and Firefighters: You are royally F@#$ked: Says Barry Ritholtz
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States Seeking Ways To File Bankruptcy, Muni Bondholders Screwed
• ZeroHedge.com"Obviously what this means for equity investors in assorted muni investments is a complete wipe out is becoming a possibility, as Meredith Whitney's prediction, which everyone was quick to mock & ridicule, is about to come back with a vengeance
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Path Is Sought for States to Escape Debt Burdens
• New York TimesPolicy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.
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Today on LewRockwell.com - Thursday Jan 20th
• LewRockwell.comA Food Freedom Revolution - Living Off the Grid…in Suburbia? - 'Vitriolic Rhetoric' - Military Dopers, Bob Wenzel on the US's zombie armies
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Hu reaches out to US businesses with China ties
• news.yahoo.comChinese President Hu Jintao sought Thursday to assure U.S. business executives with ties to China that his country is not a military threat to the United States but an economic partner ready to help lead the world to full recovery from the deepest fi
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Jim Quinn: The Fourth American Revolution
• ZeroHedge.comThe risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words...
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Confessions of a Refi Junkie
• dailybell.comNo, I am not actually a junkie of any sort but I sometimes feel like it when I reflect upon my history of borrowing funds against the estimated value of my home.
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China's Inflation Problem Looms Large
• dailybell.comThe global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give.
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Private Alternatives to Modern Banking
• dailybell.comBanks and bankers lead the way.
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