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Economy - Economics USA

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www.cnbc.com

Stocks were off their session lows after European markets closed, but the major averages were still sharply lower across the board following a handful of disappointing economic news and over continuing worries over the stability of euro zone banks.

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Reuters

Stocks tumbled more than 4 percent on Thursday after data pointed to a stalled economy and as bank shares sank on a report regulators were scrutinizing the U.S. units of big European lenders. The decline was broad as well as steep, with just a sma

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ZeroHedge.com

So if you thought the first Round of the Financial Crisis was bad, wait until you see the next one. Indeed, I fully expect that what’s coming is going to be 2008 on steroids. I’m talking about market crashes, civil unrest, riots, bank holidays and...

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youtube (h/t Lew Rockwell blog)

40 years ago today former President Nixon was fighting inflation and overwhelming war costs and with that he ended the last remnants of the gold standard. At that time Nixon claimed he was defending the dollar but his critics said it was one of the m

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Reuters

Fitch Ratings confirmed the United States' top-notch credit rating and, in blatant disagreement with rival Standard & Poor's, gave a vote of confidence to Washington's deficit-reduction efforts. Fitch also kept a stable outlook on its U.S. AAA rating

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Politicians did not get much time to pat themselves on the back for supposedly rescuing the economy with the debt limit deal last week. The ink was barely dry when Standard & Poor's downgraded the US debt ratings anyway

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Most people, including some very prominent economists are not thinking under the right conditions when coming to the conclusion that government must continue to spend to solve the current state of affairs. That it is the lack of enough spending, as o

Letters to the Editor • Global