You heard it here first...On the February 21st, 2013 show of Declare Your Independence with Ernest Hancock radio show
Stocks extended their gains Thursday, with major average poised for a three-day rally, thanks to a string of better-than-expected economic reports and ahead of speeches from several Federal Reserve policymakers.
The US economy grew at an annual rate of 1.8% in the first 3 months of the year, significantly slower than first thought. The steep revision occurred because consumers spent less than estimated, a sign that higher taxes are dampening growth.
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.
The day that silver traders have been waiting for has arrived. On Wednesday, the price of silver dropped another 5 percent. As I write this, it is sitting at $18.55 an ounce. On Wednesday it hit a low that had not been seen in three years. Overal
The wealth gap is a serious problem. The richest 20 percent of Americans now own 80 percent of the country’s wealth. Over the past three decades, the average American has seen his income either fall or remain flat. Over the same period, the top 20 pe
"All due respect, you got no f----g idea what it's like to be Number One. Every decision you make affects every facet of every other f-----g thing. It's too much to deal with almost." – Tony Soprano
The growth of federal regulations over the past six decades has cut U.S. economic growth by an average of 2 percentage points per year, according to a new study in the Journal of Economic Growth. As a result, the average American household receives a
U.S. stocks stumbled again Monday, extending losses that some market analysts fear may accelerate this month as investors adjust to expectations that the Federal Reserve could soon begin scaling back its bond-buying program.
The growth of federal regulations over the past six decades has cut U.S. economic growth by an average of 2 percentage points per year, according to a new study in the Journal of Economic Growth.
US stock markets plummeted amid fears that the Federal Reserve was preparing to scale back its $85bn-a-month stimulus program. The Dow closed down 353.95 points at 14758.24, a 2.34% drop and the index's worst fall so far this year.
Factory output in China weakened to a nine-month low in June while U.S. manufacturing closed out its worst quarter in the last four, suggesting the road to recovery for the world economy remained an uneven one.
The official poverty statistic comes from a measure that was created in the mid--well, early 1960s. And it was really put together quickly, and it was kind of considered a placeholder, just 'cause the federal government wanted to have some way to me
Detroit said it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" city called on most of its creditors to accept pennies on the dollar to help it avoid the largest municipal bankrup
Based on Credit-Suisse's Panic-Euphoria model of risk appetite, US bond markets are on the verge of the short-term capitulative "Panic" mode.
Following the 3 and 10 year auctions in the last two days, today's 30 Year $13 billion reopening completed the trifecta of ugliness, pricing at a surprisingly wide 3.355%, or three whole basis points above the........
Barry Hess joins Ernest in studio to discuss libertarian issues - John Whitehead (Rutherford Institute) comes on to discuss new book, A Government of Wolves: The Emerging American Police State - Charles Goyette provides us with a market update
The massive sell-off across emerging markets continues in force today.
The economic "recovery" just keeps getting worse for the average worker: U.S. employers squeezed their employees even harder than usual in the first quarter, leading to the biggest drop in hourly pay on record.
A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year "2009" comes up again and again.
Investment banker Catherine Austin Fitts sums up the historic global financial problems by saying, “We have a group of people who have the power to act with impunity. They are above the law. They are centralizing and consolidating economic and polit
After two years of harrowing confrontations in Washington, the national debt is no longer growing out of control and policymakers from President Obama to House Speaker John A. Boehner (R-Ohio) have rushed to take credit.
Technology, technology, and more technology—this is what has driven the American oil and gas boom starting in the Bakken and now being played out in the Gulf of Mexico revival
AlterNet has posted an article reporting on Census Bureau numbers showing that one out of six Americans lives in poverty.
Ongoing monetary stimulus is leading to heightened volatility, and the bull market which has been in place since 2009 is becoming overextended.
Here is a simple way to test if the last year of housing market gains have been due to a real, fundamental, consumer-led recovery, or nothing but the latest iteration of the Fed's money bubble machine manifesting itself in the place of least du jour
Those who recall about the implicit housing subsidy we discussed when we coined the term "foreclosure stuffing" which is merely the well-planned systemic bottleneck to clearing foreclosed properties already in the system,
37 million Americans currently have outstanding student loans, and the delinquency rate on those student loans has now reached a level never seen before.
If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article.