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When I say, for example, that the US is broke, it's because I know how to read the balance sheet in the US government's own GAO Financial Report (which shows that the federal government's net position is NEGATIVE $16.9 trillion).
The biggest threat to a corrupt regime is when truth moves away from the "conspiracy theory" fringes and into the mainstream. Which is why we thank Jim Clifton, Chairman and CEO of Gallup, for daring to tell the truth to those who care to listen.
The Justice Department has started investigating Moody's Investors Service, the bond credit rating business of Moody's Corporation, according to The Wall Street Journal's Timothy W. Martin.
As the ECB prepares to race faster in a bid to export deflation, the risk is that the dollar economy (world GDP measured in US dollars) will shrink further. The dollar economy is down by just over 5% since July, marking a loss of just over $4tn in no
President Obama sent Congress a record $4 trillion budget that would boost taxes on higher-income Americans and corporations and eliminate tight federal spending caps to shower more money on both domestic and military programs.
This is what the ISM says of its "Prices" survey question:
In one corner we have the criminal banksters who, in concert with the criminal ruling class, have created policies that allow them to steal as much of our wealth as can be done until enough people cry foul.
Rich! We're all going to be rich! If only we could have the Super Bowl here every year!
Are regulated Bitcoin exchanges coming to America? DJ Booth tackles the Gemini bitcoin exchange from the Winklevoss twins and Coinbase's new exchange. Did Coinbase launch too early or is Gemini too slow out of the gates?
"This is going to hurt, no question," fears a landowner in Santa Barbara with a dozen oil wells.
The signs of the times are everywhere – all you have to do is open up your eyes and look at them.
If you have most of your money tied up in the bank, you are either the most generous person in the world, or you are a fool of monumental proportions.
The signs of the times are everywhere – all you have to do is open up your eyes and look at them.
If readers need clarification on what was the primary source of spending-based "growth" for the US economy in the fourth quarter, the same source that bumped up final Q3 GDP from 3.9% to 5.0%, please ping us: we will gladly explain the chart below.
When the Roman Empire collapsed during the reign of Gallienus (253-268AD), for the next two waves of the Economic Confidence Model (17.2 years) Rome remained in chaos.
US Treasury yields are plunging again this morning. From 4Y maturities out, yields are around 10bps lower with 30Y under 2.30%, 10Y under 1.65%, 7% under 1.5%, and 3Y under 75bps!!
The University of Michigan Consumer Sentiment Index tells us that Americans are the happiest (have the highest sentiment) since 2004... Are you feeling happy, punk?
The Baltic Dry Index just hit a 28-year low.
Just out from Citigroup:
Over the last 100 years the Fed has had many mandates and policy changes in its pursuit of becoming the chief central economic planner for the United States.
When inflation alarmists want to convince everyone the dollar is about to become worthless, they post this chart of the CPI.
U.S. crude turned positive on Thursday afternoon after earlier falling below $44 a barrel for the first time since April 2009, while benchmark Brent sharply pared early gains after data showing additions to already record-high U.S. oil inventories.
Where to stash your cash? Some Americans are sleeping on it--literally.
Yet again this morning's "bounce" to $45 was heralded as maybe possibly could be the stability that markets are looking for.
British and US agents will carry out a mock cyber attack or 'cyber war games' on the Bank of England and commercial banks in City of London and on Wall Street in the coming months as part of tests on critical, but vulnerable financial...
There may be something to December after all. It was credit markets that shifted downward (bearish yield curves and credit spreads) dramatically around the end of November and the first few days of December.
Forget The Hindenburg Omen and The Hilsenrath Omen, today we have the real deal as The Baltic Dry Index hits the ominous 666 level - the lowest print for this time of year on record.
Dmitry Medvedev, was quite vociferous in some of his threats, warning The West that the "Russian response - economically and otherwise - will know no limits" if Russia is cut off from the SWIFT payments system.
When we talk about prices, we make reference to the consumer price index (CPI). In reality, there is no such thing. Yes, the government assembles an index and, yes, it reports the results. Economists love the CPI and follow it closely. But, in the en
Predictions suggest Greece's radical left-wing Syriza party is currently just one seat short of an overall majority.
