Drought-stricken California farmers facing drastic cutbacks in irrigation water are expected to idle some 500,000 acres of cropland this year in a record production loss that could cause billions of dollars in economic damage, industry officials said
Supply-side economics is an innovation in macroeconomic theory and policy. It rose to prominence in congressional policy discussions in the late 1970s in response to worsening Phillips Curve trade-offs between inflation and unemployment. The postwar
The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it. Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has decli
Ben Bernanke arrived for his first day on the job at the Brookings Institution on Monday morning, just three days after completing an eight-year tenure as chairman of the U.S. Federal Reserve.
At the end of the 20th century, California was ranked the sixth largest economy in the world. By 2012, it had slipped to number twelve. It is coming back up, in part because European countries are falling further into recession; but California’s pove
Here's What JP Morgan Private Bank Is Telling Its Millionaire Clients As The Emerging Markets Crumble Read more: http://www.businessinsider.com/what-jpmorgan-is-telling-wealthy-clients-2014-2#ixzz2sT2EFS8D
US (and Japanese) stocks began their dead-cat bounce around the European open tracking USDJPY (once again) and rising in reverse order of yesterday's selloff as Nikkei, Trannies, Nasdaq and so on (in order) recovered around 25-35% of yesterday's loss
We understand that Doomsday predictions are aplenty these days, but given what’s going on around the world right now it may be time to revisit the eerily prescient forecast of an elite insider.
Another ominous warning of imminent economic turmoil
Standard & Poor’s cut the debt rating of Puerto Rico to junk status, saying the US territory is facing a liquidity squeeze due to high debts and a high deficit. S&P lowered Puerto Rico’s rating by one step to the “speculative” grade of BB+ as the
The Obama administration warned on Monday it could start defaulting on the government's obligations "very soon" after it runs out of room to borrow under a legal cap on public debt.
Ernest goes over the headline news on Freedom's Phoenix - Updated Aquadome Pics
U.S. stocks are sliding and yields are plummeting as Treasuries surge following the release of much worse than expected manufacturing survey data from the Institute of Supply Management.
The key events this week are have non-farm payrolls (consensus 181K) and unemployment rate (consensus 6.7%). There is also going to be a number of speeches given by Fed policymakers. Production surveys from the US (ISM) and other parts of the world
The downward revision to last month's recent record high appears to have been the warning flag but this is a disaster.
It's not just Japanese stocks that are in trouble. The Dow Industrials futures just lost 15,500 - the lowest level since the debt-ceiling lows mid-November and down over 1000 points from 2013's closing highs. The terrible ISM print triggerd wholesale
It was only a few days ago that Emerging Market FX was rallying on the back of a Turkish Central Bank rate hike that "fixed" everything.
$ from the stock market to US Treasuries, (paying back maybe a 3rd of what inflation is stealing every year, very low estimate IMNSHO),... Who/What makes these moves for any period of time? Time Now to start making big decisions... Not Later
"The collapse won't happen all at once... But, it will happen Overnight"
"While residential investment represents a small portion of gross domestic product (GDP), housing is perhaps one of the most cyclical sectors of the economy and tends to lead economic swings by months to years. As such, keeping a close eye on housin
Beyond the charts and warnings from economists and investors, perhaps the most disturbing commentary on income inequality in America was written by an investment manager in 2011.
Would you like to buy a house for one dollar?
Detroit U.S.A.: Once the most prosperous city in America. With a booming manufacturing sector and cultural magnetism, the city had bright horizons after World War II. But as the 1960?s rolled in, the marriage of Big Business and Big Government overto
We sympathize with traditional stock and bond investors, who are faced with extremely poor choices today. QE has distorted the prices of all traditional asset classes to such an extent that none currently promises a fair return with modest risk....
Jim Grant explains how Federal Reserve policies keep prices high and value low.
The United States is undergoing a social class overhaul. Our three present social classes will soon be two. The middle class is on life-support and will soon be extinct.Entered By: Dave Hodges
All across America, once-vibrant shopping malls are boarded up and decaying.
If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that - certainly that was reflected in 1929.
First, the Obama administration showed during the course of the GM and Chrysler bankruptcy proceedings, that when it comes to Most Preferred Voter classes, some unsecured creditors - namely labor unions, and the millions of votes they bring - are mor
Rothschild has identified four different scenarios that, in their view, are the most likely to occur.