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With Black Friday sales plunging and Cyber Monday growth slowing, it appears the chicken of stagnant wages and debt-saturation are coming home to roost for a massacred middle-class America. However, as WSJ reports "we are buying less stuff," because
In a blatant and massive market intervention, the price of gold was smashed on Friday.
Comedian Russell Brand tells Channel 4 News why he is supporting tenants at the New Era estate who fear their rent could be increased after a takeover by a US property company.
Every week we roll over $100 billion in US bills, Lew told the committee. If US bondholders decided they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate our entire cash balance....
Spending tumbled an estimated 11% over the weekend from a year earlier, the Washington-based National Retail Federation said yesterday. And more than 6 million shoppers who had been expected to hit stores never showed up.
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months.
Crude oil just broke $70 for the first time since June 2010.
Despite near-record Treasury short speculative-positioning, 30Y Treasury yields just hit a 2.93% handle - in line with the yield at the Bullard lows in mid-October. The S&P 500 is 200 points higher... Discuss...
Last Thursday, the U.S. Senate's Permanent Subcommittee on Investigations, chaired by Senator Carl Levin, released an alarming 396-page report that details how Wall Street's too-big-to-fail banks have quietly, and often stealthily through shell c
Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not.
Fed Chair Janet Yellen, we learned last month, is "greatly concerned" with America's growing wealth gap.
10 Examples Of The Social Decay That Is Eating Away At America Like Cancer
The global financial system has come unglued. Everywhere real world evidence points to cooling growth, faltering investment, slowing trade, vast excess industrial capacity, peak private debt, public fiscal exhaustion, currency wars,
We are in the midst of massive economic disruption and growing structural unemployment caused by the automation of increasingly large segments of the economy. These days very few people are actually needed to provide the basic necessities of an afflu
"That's money in the bank" is on old expression of the surety of the value of money housed inside a banking system. But today savers are being clobbered by less than 1% interest being offered on saved money + erosion of purchasing power due to
The average price for a pound of ground beef climbed to another record high -- $4.156 per pound -- in the United States in October, according to data released today by the Bureau of Labor Statistics (BLS).
President Barack Obama's unilateral amnesty will quickly add as many foreign workers to the nation's legal labor force as the total number of new jobs created by his economy since 2009.
This Crisis Was Foreseeable … Thousands of Years Ago
24-hour Spot Chart.
As you drive to work this morning, realize that your bank account has been stolen
Entered By: Dave Hodges
Sadly, the vast majority of Americans still have absolutely no idea what is being done to our economy. For those out there that still believe that we are doing "just fine", here are 19 more facts about the messed up state of the U.S. economy...
Pension debt in the Land of Lincoln is a big problem. So big, in fact, that it would take three years of a complete government shutdown, during which the entire general fund went toward pensions, just to break even. No funding for schools, no money f
She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore.
"Ordinary people lost enormous amounts of money" when JP Morgan Chase sold millions in faulty loans – and taxpayers still paid a big chunk of its billion-dollar settlement with the government, investigative journalist Matt Taibbi told RT
On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis...
"I am one of the most heavily regulated and inspected businesses in existence, but it's still illegal for me to show customers that I sell handguns until after they walk in the door," said Baryla, who owns Tracy Rifle and Pistol.
A lot of us keep our cars and trucks for over 10 years, which means they may be out of warranty. So today, we have some tips on how to save on your repair bill. Most repairs, like new tires or brake pads can cost hundreds of dollars. And it can b
The WTF charts just got WTF-ier...
Do you want to know why Millennials seem so angry?
This talk was delivered at the Costa Mesa Mises Circle on Society Without the State, November 8, 2014.
