The Fed and the ECB take a lot of lumps, but the world's worst central bank might be the Bank of Japan.
The legendary economist - globally known, who's appeared on multi radio shows, (to include GLPVC's TheRawFeed @godlikeproductions.com) who published a weekly financial (The International Forecaster) , has died of cancer June 4th at 1215pm..
Like many Americans, I was doing everything I could to help elect Barack Obama. It wasn’t all that much—but as an economist in Texas, I had some authority on the thinking of former Senator Phil Gramm, John McCain’s chief economic adviser. I’d made
With the past week’s dismal jobs data in the United States, signs of increasing financial strain in Europe and discouraging news from China, the proposition that the global economy is returning to a path of healthy growth looks highly implausible.
A seemingly off-hand remark made by Robert Benmosche the CEO of AIG (AIG) has become a bit of a viral online debate, as people of all ages and walks of life weigh in on the idea of bumping up the retirement age to 80. While Benmosche's comments to Bl
The U.S. government can borrow in nominal terms at about 0.5 percent for five years, 1.5 percent for 10 years and 2.5 percent for 30 years. Rates are considerably lower in Germany and still lower in Japan.
Next month, another 70,000 US workers will be cut off of unemployment benefits weeks earlier than would have been the case had President Obama and Congress not reduced the duration of extended jobless pay.
Funding for preventing and putting out wildfires has fallen by $512m since 2010.
On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major ‘Lehman type’ economic crash projected for
The modern USSA needs to be looked at in terms of its regression (not progress) since the Federal Reserve was put into place in 1913 and income tax was introduced. Less than two decades later and the US Government was already bankrupt.
Just like the 1930s, "regime uncertainty" is impairing economic growth.
In the 15 months that the Republican-controlled House of Representatives has effectively enjoyed a constitutional veto over federal spending, the federal government’s debt has increased by about $1.59 trillion.
US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says.
The mayor of Pennsylvania's debt-laden capital city said she will fight for the city's ability to declare bankruptcy after June 30. A state law that bars small Pennsylvania cities from filing for municipal bankruptcy is to expire then.
Bad stuff, they say, comes in threes. We've already got the banking and the eurozone sovereign debt crises. Next comes the corporate funding crisis.
According to both the Mayan and Hindu calendars, 2012 (or something very close) marks the transition from an age of darkness, violence and greed to one of enlightenment, justice and peace. It’s hard to see that change just yet in the events relayed
Few investors are more bullish these days than public pension funds. While Americans are typically earning less than 1% interest on their savings accounts and watching their 401(k) balances yo-yo along with the stock market, most public pension funds
We depend on them to protect our country, our lives, our freedom, our way of life.
It's not often that The New York Times publishes something that doesn't fit its incessant Keynesian economics, omni-regulatory, mega-state outlook; especially something from one of its featured columnists.
Adding to Wednesday’s events, Facebook was in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after the botched offering, according to a person familiar with the matter. The person spoke on the condition of anony
Detroit, whose 139 square miles contain 60 percent fewer residents than in 1950, will try to nudge them into a smaller living space by eliminating almost half its streetlights.
The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds.
Last week, a Reddit user posted a photo of a $114,000 student loan bill—paid in cash—that elicited thousands of comments and dozens more when we posted it here.
While we experienced a devastating crash in 2009, it was just a preview for the catastrophe that's coming next, says perma-bear Peter Schiff.
The FT has declared that nobody wants stock anymore, and that we're seeing the Death Of Equities.
In an interview with Bloomberg TV, Marc Faber discussed his previous warning of a potential crash on the scale of Black Monday, 1987.
I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible American economy.
Say goodbye to the individual investor on Wall Street. Whatever positive impression they had of the IPO market and the stock market in general was just torched to the ground.
As our political system sputters, a wave of innovative thinking and bold experimentation is quietly sweeping away outmoded economic models.
Very few topics have received as much attention here at Sense on Cents as the student loan/debt bubble.