The payroll jobs report for November from the Bureau of Labor Statistics says that the US economy created 203,000 jobs in November. As it takes about 130,000 new jobs each month to keep up with population growth, if the payroll report is correct, the
When QE1 ended there was a substantial stock market correction, and when QE2 ended there was a substantial stock market correction. And if you will remember, the financial markets threw a massive hissy fit a few months ago when Federal Reserve Chair
This Cute Graphic Breaks Down The 3 Million Pounds Of Commodities Needed To Support Each American
The current malaise of news, data, and spin is "meaningless," David Stockman tells Bloomberg's Tom Keene, adding that markets are exhibiting "the kind of speculative froth you get at the top of a cycle where valuation loses any anchor in the real wor
Larken Rose and Josie the Outlaw (JosietheOutlaw.Com) on Defending Archimedes and getting the ideas of self-ownership, voluntaryism and a stateless society to the other 99% of the world - Susanne Trimbath (CEO and Chief Economist of STP Advisory Ser
“Human history seems logical in afterthought but a mystery in forethought. In every prior Fourth Turning, the catalyst was foreseeable but the climax was not.” - The Fourth Turning – Strauss & Howe – 1997
At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of homelessness. According to the New York Times, the last time there was this many homeless children in New York City was during the days of the
'It is in our national interest to responsibly use, conserve and protect these coastal resources,' says report
“If you repeat a lie often enough, people will believe it.” Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy. They seem to believe that if they just keep telling the Amer
Every couple of years there is public debate about increasing the minimum wage. Most recently, there were strikes outside of McDonald’s with people calling for a $15 minimum wage. The claim is that an increased minimum wage will lift people out of po
Having replaced savings with debt on both the national and individual levels, I think it’s well past time for Westerners to take a few lessons from our creditors in the East.
Boston University Economics Professor, Laurence Kotlikoff, says, “The country is in worse fiscal shape by many miles than Detroit. So, the country is essentially bankrupt.”
With the Holiday shopping season off to a slow start according to preliminary retail sales numbers and with the stock market sitting near all time highs, one can’t help but wonder what will happen when investors realize .....
I've never before heard Ralph Nader level the sorts of low blows he unleashes at Stossel during the question and answer section:
Kentucky Sen. Rand Paul this week is traveling to Detroit, the nation's economic disaster zone, to lay out a sweeping proposal to revive the Motor City while also extending his recent outreach to blacks by opening a GOP African-American engagement of
Update, and it's official: JUDGE: DETROIT ELIGIBLE FOR IMMEDIATE BANKRUPTCY PROTECTION DETROIT TO REMAIN UNDER BANKRUPTCY COURT PROTECTION, JUDGE SAYS
A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strappe
A federal judge declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holder
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Though a decade ago civil servants and union members would never have believed it could happen, the stark reality of the situation came to pass this morning.
John Stossel ~ Why Are Indians Poor?
The most important chart that nobody at the Fed seems to pay any attention to, and certainly none of the economists who urge the Fed to accelerate its monetization of Treasury paper, is shown below:
Last week, I heard about a particularly tragic example of the post hoc, ergo propter hoc logical fallacy, which Frederic Bastiat, the great 19th-century economist, called “the greatest and most common fallacy in reasoning.”
Spot Silver is trading back to early July 2013 levels as it drop 4.1% - its biggest down-day since the SeptTaper debacles began.
According to the National Retail Federation, Americans spent an average of 4 percent less over the four day Thanksgiving weekend than they did last year.
With all that is being written about the national economic collapse, people seem to be waiting for some huge event.
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One of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.”
Seeking to repair one of the nation’s worst-financed public pension systems, legislative leaders in Illinois began urgently trying to sell a rescue plan that cuts cost-of-living increases for retirees, raises the age of retirement for some employees,