Defined benefit plans (pension plans) — which are paid in addition to an employees' salary — have been declining, as defined contribution plans (like 401k plans) have been on the rise.
Martin Wolf is the chief economics commentator at the influential Financial Times. He has received numerous honorary awards, positions, and degrees. My first knowledge of him came from a friend who had attended a lecture where Mr. Wolf mentioned that
When automakers have unsold cars, they often ship them to locations where the automobiles sit until they fall apart. An article in Zero Hedge claims the lots are vast graveyards for unsold cars, but other observers are challenging the charges. On
If you believe that the U.S. economy is heading in the right direction, you really need to read this article. As we look toward the second half of 2014, there are economic red flags all over the place. Industrial production is down. Home sales are
One of the biggest questions at the end of 2013 was how the Treasury market would react to the reduction of bond buying that would result from the Federal Reserve’s tapering campaign.
Dollar on the Brink of Disaster-John Williams
This should not come as a surprise for a country that continues to experience an expanding government role in the daily lives of its citizens.
In the past six months, five current workers and two former workers of JPMorgan Chase have died under unusual circumstances. Adding to the tragedy, all seven were in their late 20s or 30s and three of the deaths involved alleged falls from buildings
In recent weeks the San Fran Fed has regaled us with such brilliant rhetorical questions: "How Important Are Hedge Funds In A Crisis"
One of the biggest questions at the end of 2013 was how the Treasury market would react to the reduction of bond buying that would result from the Federal Reserve’s tapering campaign. If the Fed were to hold course to its stated intentions, its $45 b
As the price of meat continues to skyrocket, will it soon be considered a “luxury item” for most American families? This week we learned that the price of meat in the United States rose at the fastest pace in more than 10 years last month.
Report: Food Prices Skyrocket: “We’re Going to Have a Major Problem Coming Into the Fall”
Two weeks ago, the San Fran Fed released "research" on the topic of whether "it is still worth going to college."
The Meat Crisis Is Here: Price Of Shrimp Up 61% – 7 Million Pigs Dead – Beef At All-Time High
Tax hikes, devaluation, rising interest rates and lower demand in foreign markets have combined to push the automotive industry into a deep crisis.
Have you ever given food to a homeless person? Well, if you do it again in the future it might be a criminal act depending on where you live.
Treasury Yield 30 Years (Chicago Options)
"Blessed are the young, for they shall inherit the National Debt." - Herbert Hoover
Our Fed-fueled lottery-ticket economy will unravel with a vengeance in the years ahead.
The bailout floodgates are open and the US taxpayer is footing the bill once again - whether through IMF loans or more directly.
While government statisticians claim robust growth, recent data points suggest otherwise.
The Food and Drug Administration has announced a new series of regulations to control e-cigarettes and cigars. Other tobacco products will also be affected by these new rulings. The FDA already regulated cigarettes, bulk and smokeless tobacco. Th
In his latest article, former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The Fed is the great deceiver.” Why is he making this shocking accusation? The reason is tiny Belgium’s whopping purchase of $141 billion in Treasury bonds e
If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States
The fall of the Soviet Union should have spelled the demise of central planning, yet the socialist mentality thrives — albeit in a diluted form — in all governments in the so-called “free world.”
Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is r
Since in America one now needs a Bachelor's degree (if not a PhD in economics, of course) to get a job as a waiter, according to the following chart the US may soon have a severe waiter shortage considering the cost of college tuition has outpaced ev
Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them. From November 2013 through January 2014 Belgium
Does the economy move in predictable waves, cycles or patterns? There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States. Many mainstream econo
What if I told you that according to the FDA “Nearly two-thirds of our fruits and vegetables--and 80% of seafood--eaten domestically come from outside the U.S. 4” OK so now we are not just talking about limes we are talking about 66% of ALL of our f