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Analysts have been warning for months that the decline in foreclosures was due to the robosigning moratorium, and did not signify an improving housing market.
When debt accumulation becomes negative to economic outcomes you're in big trouble and I believe there's an argument to be made that we're either there or damn close.
After the most potent "winning streak" in human history, the majority of American society has been blindsided by equally potent losses, which continue to mount and show no signs of abatement:
In a court filing, Ultimate Electronics said it plans to hold going-out-of-business sales at its 46 stores nationwide to dispose of inventory, saying such sales will offer "the highest and best value" for creditors.
Gold is in a 2nd stage of a bull market. We will see a more rapid price appreciation than in the past years. Price target until 2015: 8000 Dollars. Price manipulation has come to an end. Gold as natural alternative to currencies. Chances of hyperinfl
“How can you frighten a man whose hunger is not only in his own cramped stomach but in the wretched bellies of his children? You can’t scare him–he has known a fear beyond every other.” - John Steinbeck – Grapes of Wrath
This implosion has been artfully papered over with enough accounting tricks so that many citizens do not even perceive it as being underway. The results are insidious: falling living standards, no role to play in the economy (that is, a job)...
Beneath the surface of illusory stability, pressures are mounting. A stock market which is now entirely reliant on monthly injections of $100 billion of "free money" from the Fed's "quantitative easing 2" program is a market that is exquisitely...
After all, that money is being eliminated to pay off the debt, right? Thus, that money is removed from programs that employ people to pay off the issuers of credit (banks).
President Obama drew fire Sunday from congressional Republicans and independent budget experts for his reluctance to advance a plan that would tackle the nation's biggest budget problems in the spending blueprint he will submit to Congress on Monday.
I see a migration from the early days of the Valley. We aren't doing manufacturing; we aren't doing design; we aren't doing computers. It's all moving to Asia and other places where there are lots of technical engineers who are willing to work...
The threat of this issue being comprehended by the broader population is finally so big that it necessitated Goldman Sachs' Sven Jari Stehn to come out with yet another extremely humiliating apologist piece of drivel, explaining how the labor force..
You can’t solve today’s problem of overconsumption and debt with more overconsumption and debt. The conditions that pulled America out of the Great Depression underscore that point. Once savings rates increased and made capital available...
Tens of thousands of our factories and millions of our jobs have been shipped overseas. Many of our proudest manufacturing cities have been transformed into "post-industrial" hellholes that nobody wants to live in anymore.
Perot is famous for his statement during the 1992 presidential campaign that if NAFTA was enacted, it would not be a two way street, and would create a “giant sucking sound” of jobs going south to the cheap labor markets of Mexico.
It is not Whitney’s fault that municipalities from one end of the country to the other have underfunded their pension plans, or that they have made costly promises, mostly but not exclusively to unions, that they are unlikely to be able to keep.
Host:
Ernest Hancock
Ernest Hancock - Update on today's news - Egypt
The U.S. Dollar Needs To Be Replaced As The World Reserve Currency And SDRs “Could Constitute An Embryo Of Global Currency”
In the late 1920s, the economy of the Weimar Republic was beset by numerous fiscal troubles. The global depression spread quickly to Germany, undermining the government’s ability to make its reparation payments from the Great War.
The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.
Host:
Ernest Hancock
Ernest Hancock - Update on today's news - Egypt
Ben Bernanke came to Capitol Hill to talk about spending, and he was very forthright with his calls for the spending to go down in order for the economy to go up. That’s right, Big Ben has ridden to the rescue – he was three late due to a lame hor
I bet the Democrats don’t want to see this list, and I am sure they really don’t want you to see it. They’re probably afraid you’ll be cheering and doing a fist pump going “YEAH, CUT IT BABY!” This is the original 74 billion proposed that would
Hal Rogers said he was committed to cutting 74 billion out of the continuing resolution (CR) that was being introduced at the Obama 2011 levels. While falling short of the proposed 100 billion, there was an attempt being made to spend less. It wasn’t
Power-Elite Looting and Mass Murder, Murray Rothbard on Kissinger, the Rockefellers, and Arab killing - Jim Rogers and Doug Casey, They're the two must-read authors for any commodity investor, says Kevin McElroy.
News this week that Frankfurt-based Deutsche Borse is poised to acquire a majority stake in the New York Stock Exchange did not sit well in every corner of the financial world. Critics complained that a symbol of American capitalism was being scoo
First High Speed Trains, now: Obama said he would use $18 billion in federal funds to get 98 percent of the nation connected to the Internet on smartphones and tablet computers in five years. To get there, the federal government will try to bring mor
Warnings of higher food prices headed for American supermarkets and restaurants were swallowed easily across much of farm country Wednesday. The big gulp came when the U.S. Department of Agriculture reported that global demand had pushed U.S. corn
The grocer, a Real American Hero, is the public face of a long line of millions of strangers from around the world who, pursuing their own self interests, truly enable the American standard of living.
That when all is said and done, and there is no incremental vapor and no incremental HFT levitation effect, that the US collapse will be comparable only to that of the Soviet Union. Needless to say, we are confident he is optimistic.
