Joe Biden has recently come out in support of the high speed rail project – Barack Obama’s try to be another Eisenhower with a massive plan to spend money we don’t have on infrastructure that will take years and years to build and won’t guarantee any
Three economics experts were scheduled to testify at the hearing, including Sillinger School of Business economics professor Thomas J. DiLorenzo, Ohio University economics professor Richard Vedder, and Josh Bivens of the Economic Policy Institute.
His ivory-tower comments accomplished the Herculean task of making George W. Bush look smart by comparison and have sullied the reputations of his alma maters of Columbia and Harvard.
The Rockefeller World Empire - Strangling the Egyptians - How the War Machine Destroys the Economy - Are We Poised for Weimar? - Buying Silver While It's Still Relatively Cheap - Can Jesse Ventura Put a Hammerlock on the TSA?
It isn't pretty: "Soaring gasoline prices slammed consumer sentiment into reverse this week, threatening the slow recovery in economic views that’s been under way. With gas now at record high for a February...
Total systemic debt doubled during the 2000s. Yet economic output only went up 40%. That means that none of the output increase was actually purchased with the fruits of output - it was all bought with debt, and then some.
The tamping down of Whitney’s call has been truly remarkable, given that the majority of the people blasting Whitney stand to make an absolute fortune if she is wrong. Indeed, the only groups who do not stand to make money off of Whitney’s call, if s
I have news for the pundits and politicos: ain't gonna happen. Why? The answer cannot be found in the manipulated and massaged Bureau of Labor Statistics numbers (have any real jobs been created, net of jobs lost, in the past year? Who knows?)
Regime Confusion, In Egypt and the US - Meredith Whitney Is Right About Munis - Do Tea Party People Oppose the Police State? - 5 Simple Ways To Prepare For the coming food crisis - A 30-Year Crime, Ron Paul on US evil in Egypt.
Despite the continuing atmosphere of optimism and denial, we are witnessing a slow-motion crash of the juggernaut that is the real US economy. The unemployment situation is already the worst since the Great Depression and showing no signs...
There is a lot of confusion in the ranks, and it is something that the GOP leadership might want to clear up before it gets out of hand and develops into that loveliest of lovelies – conservatives beating up on each other. Right now there are a lo
The new JOLTS (Job Openings and Labor Turnover Survey) are out, and they don't look too pretty. First of all, the number of job openings apparently fell in December.
Everything Needs To Be Abolished, And here's why, says Tom Woods - Come to the 1st Ron Paul Monetary Hearing - Another Economic 'Martial Law in the Streets' Moment - Shooting on a Shoestring, Firearms that you can afford
Glenn Jacobs - Citizen X - Today's Economy
Glenn Jacobs - Citizen X - Today's Economy
The Daily Bell is pleased to present another exclusive interview with Richard Maybury .
Convexity is an outcome. Convexity when plotted looks like it goes through the roof. Hyper-inflation is price convexity. Looking at extreme outcomes isn't as interesting as understanding the drivers that create them. please note, I am not talking abo
Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already “discounted” that event weeks, months, or perhaps even years before it hits the front page and bec
It all starts with the White House.gov website: “Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promis
Managing perception is the game plan, not fixing what ails the real economy. Why? Cui bono: it's all about rescuing a politically sacrosanct and highly insolvent financial sector.
The Potemkin American economy pretends that it can afford trillion-dollar wars, trillion-dollar military budgets, and trillion-dollar bailouts despite having sent much of its tax base offshore and undermining the dollar and creditworthiness of...
In a recent report, the credit rating agency, Fitch Ratings, said that 30% of commercial mortgage-backed securities loans set to mature in 2011 do not pass their refinance test. Another credit rating agency, Moody's Investors Service, said...
.4% drop in the headline unemployment rate to 9%, yet only 36,000 non-farm payroll jobs were created? How can A happen when B occurs? It really makes no sense when the general consensus is that 150,000 non-farm payroll jobs needs to be added each
Take a good look at what's happening in Egypt during February, 2011. What's happening there may happen in the U.S. within four short years. That's the grim forecast made by the National Inflation Association (NIA) in the frightening advisory recen
For all the detailed tools developed to study finance in past decades, relatively few scholars have brought those methods to bear on a pressing social question: How do poor people manage their finances?
The economy is poised to grow more rapidly this year, Federal Reserve Chairman Ben S. Bernanke said Thursday, dismissing fears that rising fuel prices will trigger broad-based inflation.
If money velocity continues to rise, one might fairly accuse top bankers of, in a sense, purposefully destabilizing the system. Such actions verge on the reckless. Trichet is likely risking severe price inflation and perhaps hyperinflation.
The End of the Nation State - Revolution in Egypt and Beyond, It's about time, says Doug Casey - 9/11 Bombshell, WikiLeaks reveals some lies we were told - The Tipping Point Is Past - Targeting Tyrants
At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9%
There has been no improvement - at all - in the employment picture, and in fact the employed rate, as a percentage of the non-institutionalized population, is now the worst it has been since the economic downturn began.