The U.S. middle class is still being ripped to shreds. If there are those among your family and friends that are somehow convinced that the U.S. economy is recovering nicely, you might want want to show them the following 18 very sobering facts....
The pending closure of seven Ultimate Electronics stores, eight Borders locations and other stores in the future will add to the state's glut of vacant retail space. There are more than 300 so-called big boxes of 10,000 square feet or more sitting...
A fictional tale of two states, two governors, two deadly animal attacks and two different approaches to the same problem. The story may, in some small way, help to explain the severity of the fiscal mess that one of these states finds itself in.
Workers are struggling to save rights fast disappearing
The population in the United States is angry, frustrated and full of fear and irrational hatreds. And the folks not far from you on Wall Street are just doing fine. They're the ones who created the current crisis. They're coming out stronger and...
First in muni land, he expects massive carnage, and is already setting up a fund to buy closed-end muni funds in the next year when they crash to 40% of their net asset values. What makes the muni market so crisis proone is the nature of investors...
A couple of charts from the Consumer Metrics Institute show how the economic contraction may be over for Bernanke, Geithner and Goldman Sachs, but is firmly entrenched for the rest of us. (Contraction reaches 400 days)
Greenspan had to hold the chair well beyond retirement to the age of 75, but he finally got his chance. In 2001, he used every policy measure in the Fed’s arsenal to prevent Kondratiev's winter.
The difficulties confronting Robb & Stucky stem from the challenges that have affected many real-estate-related industries since the housing market began its slide in 2007.
“Overall inflation is still quite low and longer-term inflation expectations have remained stable.” — Ben Bernanke, February 9, 2011
As I write this, Simon Black is onstage, addressing more than 300 people in Panama City, Panama as we begin our unique workshop on internationalizing your life and assets.
For the Love of Liberty, Lew Rockwell on conservatives versus freedom - Egyptians, Revolt Against the State Currency - Water and Survival Techniques - A Nation of Cringing Wretches, TSA gate-rape and Real ID tracking are slave training, says Eric Pet
State and local government debt has reached at an all-time high of 22 percent of U.S. GDP, and many state and local governments are teetering on the brink of insolvency.
This year has been tough for hotel occupancy, with only a small increase over the very low levels for the same period a year ago.
According to the traditionally optimistic Congressional Budget Office, the US has to create 121,000 jobs per month in 2011 just to keep pace with population growth.
So far, it's only a start
2011 may be remembered by historians as the year that America died. Many political, economic and market pundits have been warning of an approaching "tipping point" for several years. They warn that once America tips over that cliff there'll be no
Interest payments on the national debt will quadruple in the next decade and every man, woman and child in the United States will be paying more than $2,500 a year to cover for the nation's past profligacy, according to figures in President Obama's n
Determined to reduce deficits, impatient House Republican freshmen made common cause with President Obama, scoring their biggest victory to date in a vote to cancel $450 million for an alternative engine for the Pentagon's next-generation warplane.
The new US budget was revealed by President Obama calling for America to rebalance the global economy, stressing that the US cannot rely on foreign governments to finance domestic consumption.
The Conservative Movement Can't Stand Ron Paul - I Was an Economic Hitman for the Corporate State - Egypt Meets the New Boss, Same as the old boss, says Gerald Celente - Has There Been an Egyptian Revolution?
Since our first warning back in September, when the world's most worn commodity passed $1, cotton is up 95%. Annualized, the YTD move in cotton is 1,512%.
And in crude goods? Hold on to your hat: Annualized on an average basis over the last four months it's roughly SIXTY PERCENT.
Your ultimate goal is centralization, and the key to centralization is to remove all options available to the masses but one; the option which garners you the greatest amount of dominance. A global economic system based on a single world currency...
Even if one accepts the retail survey is accurate (I don't because it misses too many small stores that went out of business and are still closed), real sales have certainly not recovered. That puts pressure on states because expenses, especially...
Neoliberal poison in Obama's budget
With the upcoming GAO report that we wrote about in yesterday’s article being released on the 16th, Chairman Issa of the Oversight committee appears to be wasting no time in pursuing a course of action regarding Waste, Fraud and Abuse in government s
Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchange operator on Tuesday, dodging political issues that could threaten completion of a deal.
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.