Mainstream financial pundits are falling over themselves today following a report from the Labor Department indicating that the national unemployment rate has fallen yet again, this time to just 6.3%.
It is somewhat ironic, actually make that criminal, that two days after new SEC head Mary Jo White (whose conflict of interest list is so vast courtesy of her prior position as defending every Wall Street from their criminal acts she now has to recus
With 1 In 3 Homes Unaffordable, Freddie Mac Prepares To Enter The Trailer Home Loan Market
Reflecting on the divergence between equities at all time-highs and drastically sliding bond yields, CNBC's Rick Santelli reminds that it seems bonds recognize that business cycles work in "fits and starts" and not in straight-lines as some (equity b
The federal government now consumes 31 percent of the U.S. economy due to trillions in spending and thousands of pages of costly regulations, according to a new report.
After paying my bills the other day I had home heating and electric utility costs on my mind—the winter having been an unusually harsh one in NYC like much of the rest of the nation. But then I noticed a story by an outfit called CNS News.com that co
The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics.
The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.
The U.S. economy slowed drastically in the first three months of the year as a harsh winter exacted a toll on business activity.
Today, May 1, 2014, is International Labor Day. It is worth summing up how well American workers—and their unions—have fared over the past year; since the so-called economic recovery began in mid-2009; and for the recent decades preceding.
Home-renting company Airbnb objected Wednesday to a proposed San Francisco ballot measure that would financially reward residents who narc on their neighbors who illegally rent out their property. The ballot measure, proposed by three connected Sa
No, the economy is most definitely not "recovering".
"The markets are not rigged," said SEC Chair Mary Jo White in a House Financial Services Committee hearing today.
Bernie Sanders Inadvertently Makes the Case for Ending the Fed
The end of the gold standard.
And another one bites the dust. Now it’s Bank of America, one of the largest banks in the Land of the Free, that is inadequately capitalized.
Last year the percentage of people leasing new cars rather than buying jumped from 22% to 26% according to Edmunds.com. The overall lease percentage rose to 28% in the first quarter of 2014.
It hasn’t been a great week for Airbnb. On Tuesday representatives of New York State Attorney General Eric Schneiderman and lawyers for the apartment sublet company Airbnb met in an Albany court.
Are we headed for global financial enslavement because of the greed and the want of more power and money by corporate special interests?
The last time Goldman Sachs urged clients to "sell", it was gold - and in the next quarter, they were the largest acquirer of the precious metal via ETFs.
We’ve pointed out for 4 1/2 years that banks create money out of thin air.
World stocks steadied above 10-day lows on Monday, with investors holding back from making aggressive bets as tensions between Russia and the West over Ukraine showed no sign of easing.
“Everything was to excess,” he says. “I met more offensive people in a year than I had in my entire life. People lived beyond their means, and the way they did it was by going into debt. That’s what shocked me the most. Debt was a foreign concept in
The embattled American consumer can't seem to catch a break. Gas prices remain high, electric rates are rising, clothing is becoming more expensive, school debt is piling up, taxes are climbing, healthcare costs have not come down and food prices --
Yesterday we noted the dramatic squeeze of the "most shorted" stocks as they outperformed the broad market five-fold. The rout continues to gather pace as this morning sees the "most shorted" index soaring back near last week's highs and up almost 8%
…In February, I highlighted the fact that subprime loans were about to make a return in my piece: Subprime Mortgages are Back…This Time Marketed as “Second Chance Purchase Programs.”
In the latest indication of just how strong the US "recovery" is, we find that the number of Californians 50 to 64 who live in their parents' homes has surged in recent years, which as the LA Times less than sarcastically adds, reflects "the grim eco
Former Mt. Gox CEO Mark Karpeles is beyond the jurisdiction of United States courts according to his attorney.
Michael Lewis is only getting madder as he promotes Flash Boys, an investigation into high frequency trading and what he calls the "rigged" underbelly of Wall Street.
One surprising ripple effect of the Great Recession is the resurgence of independent gold prospecting. In California, evaporated savings, layoffs, and foreclosures sent some running to the hills.