...I want to recommend Bill Bonner's Hormageddon as strongly as I can. Bill does what a real economist is supposed to do: he describes the way the world actually works. And in the process, debunks all manner of nonsense. This book is an education in
A recent Fed paper reports that the Fed's wild money printing orgy has failed to produce much CPI inflation because "consumers are hoarding money". It is said that this explains why so-called "money velocity" is low.
WHO runs the world's most lucrative shakedown operation?
Yes, that's right. Of course it's the United States of America, our beloved government doing what it has to do to regulate business so that it meets the great many rules that we demand o
As regular readers are well aware, when it comes to "more than arms length" equity market intervention in New Normal markets, the New York Fed's preferred "intermediary" of choice to, how should one say, boost investor sentiment aka "protect from a p
It began as an epic family feud with seemingly everyone in New England taking sides. CNN reports, ?The dispute began in June when the company?s board replaced [Arthur T.] Demoulas, who was beloved for his leadership but had long feuded with his cousi
Faith that the future will be better than the present is slipping, as despite President Obama's demands that Americans not be "cynics," a new report shows there is a major lack of confidence that the next generation will have it better than the last
? The industry's wages have stagnated at an extremely low level. Restaurant workers' median wage stands at $10 per hour, tips included?and hasn't budged, in inflation-adjusted terms, since 2000. For nonrestaurant US workers, the median hourly wage
At the height of the financial crisis in 2008 the U.S. government forced some of the countries largest banks to take "bailout" funds amounting to billions of dollars in order to keep them from going bankrupt.
The Bank of America Corporation has been ordered to pay a $16.65 billion settlement to the Department of Justice for its role in selling toxic mortgage bonds to Americans before the 2008 financial crisis.
Stephen Lendman comes on the show to provide an update on Russia, Ukraine, Iran, Iraq - Barry Hess (Libt Candidate for AZ Governor) on yesterday's AZ Primary - Alan Hall (Elliott Wave) talks about his study on authoritarianism (specifically Alan does
"Utility disconnection is always considered a last resort, obviously because of consequences for households," but as Detroit News reports, but water-providers can expect more controversy, as a month-long moratorium against shutting off water...
Not only are government policies putting more people out on the streets, but they are systematically creating an economic and legal environment that does immense harm to those who cannot afford housing. Don't believe me?
The Daily Absolute Demand Index is something I follow, but in the 5 years I have followed this website the chart has never looked like this. Be advised, soft uncontrolled landings at 1,000 MPH do not exist. 2005 equaled 100 on this chart.
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