ou can’t get blood out of a rock. Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us. In order to have an economy that is dependent on consu
Is the price of copper trying to tell us something? Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next. For example, back in 2008 the price of copper dropped from nearly $4.00 to under $1.50 i
David Stockman blasted the GSE-profiteers just last week but the manic run-up in the stocks of Fannie Mae and Freddie Mac has abruptly come to an end as the FT reports, the US Senate banking committee on Tuesday released a highly anticipated plan tha
2 people are dead and 18 others injured after a huge explosion collapsed 2 East Harlem buildings Wednesday morning where residents complained of smelling gas for weeks. At least dozen people are still missing and the death toll could rise.
It’s no secret that the U.S. government is in serious fiscal trouble. So much so that our Treasury Secretary recently noted that should the debt ceiling fail to be increased, the fall-out would be “catastrophic” and last for generations.
The bells are tolling on the American economy.
Officially, US debt stands at more than $17 trillion. In reality, it is many times more.
Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact. Today, there are millions of Americans that actually prefer to shop online. Personally, when I published my novel I made it solely available on Amazon.
None of the problems that caused the last financial crisis have been fixed. In fact, they have all gotten worse. The total amount of debt in the world has grown by more than 40 percent since 2007, the too big to fail banks have gotten 37 percent la
Talking about poverty and inequality is all the rage these days. President Obama wants to raise the minimum wage to $10.10 an hour. Rep. Cathy McMorris Rodgers, who delivered the official response to the State of the Union address,said that the probl
With 40% of the portfolio in cash and having returned $4 billion to clients at year-end, Seth Klarman's Baupost Group has "drawn the line in the sand" as they reflect on the diminished opportunities in the so-called "Truman Show" market we see today.
While the US may be rejoicing its daily stock market all time highs day after day, it may come as a surprise to many that global equity capitalization has hardly performed as impressively compared to its previous records set in mid-2007. In fact, bet
Andrew Henderson, Peter Schiff, Jeff Berwick, Ernest Hancock, Stephanie Murphy, Bobby Casey, Joel Nagel, Pete Sisco, Domingo Silva, Steve Michaels, and many more...
"A week before the recent BRICS summit in Durban, the Kremlin administration has silently produced a document (PDF) which describes the Russian strategy in the context of BRICS cooperation.
Finance advisor to Russia threatens to sell its U.S. dollar reserves if the United States imposes sanctions on Russia
Everyone agrees that the winter just now winding down (hopefully) has been brutal for most Americans.
Over the decades various administrations, seeking to improve their economic record, monkeyed with economic statistics to the point that the statistics are no longer meaningful.
Are your retirement funds safe from the Federal Government? A new proposal called myRA by President Obama could require that Americans purchase treasury bonds. Some observers believe this would give the Federal government access to the retirement acc
The initial projections for sales processed with bitcoin on Overstock.com this year was set at $3-5m, but this figure has since increased dramatically, according to Byrne.
Every year, the Federal Government spends trillions of dollars. Budgets of states, counties and cities also put out vast sums of money for goods and services. Official agencies are required to document their spending, so these expenses can be viewed
Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. That may not sound like much. But consider that for balances that are paid off monthly (meaning most of them), the ba
irst of all I am not an investment expert, so I have to read and call experts. I recently left a company and moved to North Carolina. I was going to cash out my 401K, but I was starting a one-man business so I waited. I formed my own company and got
In 2012 an elite insider claimed that on or around March 4, 2014 the doomsday clock would ring, the effect of which would be a complete collapse of the U.S. economy.
The pool of potential capitulators is practically peopleless...
"The market is an artificial fabrication," Universa's Mark Spitznagel warns in this brief but revealing interview, adding that "to think this can persist is simply naive."
Is the U.S. economy steamrolling toward another recession? Will 2014 turn out to be a major “turning point” when we look back on it? Before we get to the evidence, it is important to note that there are many economists that believe that the United
In the wake of the housing crash, wide swathes of the desert Southwest, Florida, Atlanta, parts of California, and other places were littered with relatively new homes which were empty. The pre-seeded lawn turf often hadn’t even taken root before the
Is bitcoin the new honey badger?
The Obama administration and the hotheads in Congress are threatening to hit Russia with “economic sanctions” for moving troops into Crimea. Yes, those sanctions would sting a little bit, but what our politicians should be made aware of is the fact
A northern New Jersey honor student is suing her parents for financial support and to force them to pay for her college.