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Economy - Economics USA

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Financial Times

A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to reach a deal to increase the country’s debt limit, saying that even a short default could be devastating for the financial markets a

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marketwatch.com

“Our customers are running out of money, buying smaller pack sizes and less discretionary items near the end of the month,” Duke said. “It shows greater pressure on consumers. Rising fuel price has been one of the factors that affect...

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OfTwoMinds.com/blog

Back at the top of the bubble, the middle class had $6 trillion more assets on the books. Considering the Mortgaged Middle Class now owns about $6 trillion in net assets, then the bursting of the housing bubble caused their net worth to drop by 50%.

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CNBC.com

"These affordability problems are marching up the income scale," notes JCHS's Eric Belsky. "It means more people have less money to spend on household necessities such as food, health care, and savings."

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http://dailybell.ch/

Last week the financial markets were roiled by Standard & Poor's announcement that they will change their outlook on the fiscal health of the United States over the next two years from "stable" to "negative".

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lewrockwell.com

Be a Guerrilla Juror - Don Doig and Stewart Rhodes on serving justice and undermining Leviathan. / They Died in Vain - Laurence Vance on US troops. / Investors Still Confident in the US Bond Market? - Warning, when it goes south, you could be looki

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ZeroHedge.com

High energy costs hit every conceivable sector of the economy, from freight, to food, to vacations, to housing. People drive less when it costs them twice as much to do so, which means less shopping, fewer trips to Disney World...

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The Political Commentator, Michael Haltman

Many economists will tell you that inflation is under control when you factor out the volatile components of food and energy. The fact of the matter is that these two components are for the most part all that we regular citizens are concerned with!

News Link • Global Reported By Michael Haltman
Home Grown Food