ON AIR NOW
Click to Play
Bitcoin Cash: $ USD
Not only is Obama's newly formed Financial Fraud Enforcement Task Force an exercise in futility but this article shows that the claim that markets (in this case oil) are being manipulated is a myth.
The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit. As of this month, our “official” national debt- wh
Another diffusion contraction confirms the stagflation thesis is playing out just as expected. "Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.45 in April from +0.32 in March.
Inflation fears have been fueled since 2009, when the Fed began its policy of "quantitative easing" (effectively "money printing"). The inflationists point to commodity prices that have shot up. The deflationists, in turn, point to the housing ma
Now the Federal Treasury and Federal Reserve seem to be saying this to the states, which are slated to be the first ritual victims in the battle over the budget ceiling. On May 2, Treasury Secretary Timothy Geithner said that the Treasury would sto
"Financial repression includes directed lending to government by captive domestic audiences, caps on interest rates, regulation of cross-border capital movements, and a tighter connection between government and banks." PDF download.
Entered By: Glenn Jacobs
(The following email was in response to criticism of those of us that were openly laughing at the idea of counting on Federal Reserve Notes in the wake of a financial collapse)
There is a lively interest in silver coin use among LRC blog readers. Several readers have kindly informed me of two applications. Thank you all. Here are some links: calc1, calc2a, calc2b, calc2c. The latter 3 links are to different pages about the
On the rare occasion that New Yorkers talk about farming, it's usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks.
The Sky Is Always Falling: Why All Economic News Is Bad by Gregg Easterbrook - The New Republic, August 21st, 1989
Steve Forbes is championing a return to a gold standard in five years time. Will that help the slumping American economy though? Gerlad Celente of the Trends Research Institute says no.
Los Angeles County food stamp users are now on track to reach the 1,000,000 mark by later this year.
Delinquencies on commercial mortgages packaged and sold as bonds surpassed 10 percent for the first time last month, according to Morgan Stanley.
The state's facing big debt, but also big opportunity.
Robbing students to enrich financial interests
The Philly Fed, which was expected to rise from the April number of 18.5 to 20, instead collapsed to 3.9! This compares to the March level of over 43. So much for the "Economic Recovery"TM.
Consumer Metrics Institute, whose methodology I do understand, is also reporting that retail sales have fallen off dramatically. "After a week-long pause our Daily Growth Index resumed its movement into record [negative] territory, setting a new...
Things were falling apart. We had no playbook and no tools…Life’s about choices. We had no good choices…We allowed this huge financial system to emerge without any meaningful constraints…The size of the shock was larger than what...
The state's facing big debt, but also big opportunity. California is the eighth largest economy in the world, and it has a debt burden to match.
Totalitarian state powers grow by great leaps and bounds in the midst of obvious threats to the safety of the people, such as major wars and great financial crises.
"Ford to New York: Drop Dead," said a famous headline in 1975. President Ford had declared flatly that he would veto any bill calling for "a federal bail-out of New York City." What he proposed instead was legislation that would make it easier fo
The price is right for foreign shoppers in the U.S. as the sagging dollar boosts their purchasing power on everything from jewelry to vitamins.
Meredith Whitney's latest research into opaque state financial statements suggests taxpayers will be surprised by how much pensions are underfunded.
According to Gallup, 74% of survey respondents have responded that the economy is the "most important problem" facing America today, which is the highest percentage in two years, and since the market lows in March 2009.
Underemployment, a measure that combines the percentage of unemployed with the percentage working part time but wanting full-time work, was at 19.1% in mid-May -- down from 19.3% at the end of April. Underemployment remains as high as...
As such, and with fiscal stimulus a dead end, the Fed has two choices: watch as the economy collapses in flames to a state far worse than its pre-QE1 outset, or do more of the same. That's all there is. The rest is irrelevant.
The fiscal 2011 funding bill roundly hailed for its "historic" spending cuts actually raised government spending by more than $3 billion, according to a new report. The nonpartisan Congressional Budget Office concluded Monday evening, "Total disc
Next big question on the fed debt limit could be whether to start selling the govt’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.
The iPad 2 has been a runaway success story for Apple, but it’s hard to deny the twinge of guilt we feel as we tear past the made in China stamp on the outside of the box.
