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As we covered previously, in an effort to remain solvent the Central States Pension Fund has submitted an application to the Treasury for approval to cut member benefits.
Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy.
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent.
The dire prognostication from Carl Icahn about a "day of reckoning" in the markets should not be taken as gospel, fellow billionaire investor Warren Buffett said from Omaha, Nebraska, site of Saturday's annual meeting of Berkshire Hathaway shareholde
- 1st Quarter GDP Comes In At 0.5%
Can you hang with the G-7 one minute, a small-town chamber of commerce the next? You're hired
Two data points may establish a trend. Three can confirm the trend - with a margin of error. But what happens when six data points line up in the same direction? It's a full-blown, screaming signal. While strategists at Bloomberg are optimistic
Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this.
Jeffrey Snider of Alhambra Investment Partners sent out a note last week highlighting some of the current conditions. In his piece entitled Not Just Manufacturing, the Global Slowdown Is Monetary, Jeffrey cites a Wall Street Journal article that high
Hard on the heels of the Federal Reserve's latest decision to leave rates alone, we discover this Bloomberg opinion article explaining why the US government ought to issue more debt.
Back in February, workers at a Carrier air conditioner manufacturing plant in Indianapolis filmed a company spokesman informing employees that 1,400 jobs would be moved to Mexico. The speaker could barely finish his speech in front of this irate crow
Sports Authority Inc. learned the hard way that buyout debt can be a drag.
For the next two days, the Committee that controls the world will be huddled in the ivory tower known as the Eccles Building in D.C. There, ten people will tediously examine the data, look at the forecasts, and weigh options for an economy with a GDP
White House poised to release secret pages from 9/11 inquiry … The Obama administration will likely soon release at least part of a 28-page secret chapter from a congressional inquiry into 9/11 that may shed light on possible Saudi connections to t
Forget search warrants and legal processes. In the interest of getting its share, the government can have it all on demand. This assertion was made again in 2010 by the IRS's chief counsel: The "Fourth Amendment does not protect emails stored on
"My legs are going out. I'm sure it's from camping out. We were living in the hills for two years," he says. "My girlfriend, Charmaine, is talking about killing herself she's in so much pain." Charmaine is a heroin addict who suffers fr
Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative
Moments ago, in its latest update, Case Shiller pointed out that for another month "Home prices continue to rise twice as fast as inflation." Actually that is an understatement: in two-third of the tracked metro areas, the pace of home appreciation o
While one can blame algos and "macros" for snapping up oil the commodity, as Morgan Stanley did recently, another question is who is the relentless buyer of energy stocks to a level that makes little sense from a forward P/E multiple.
According to a heartbreaking report by All Self Sustained, an elderly man was threatened with a knife last month by a man and a woman in a home invasion - the pair were looking to steal food.
Home prices rose less than expected in February, according to S&P/Case-Shiller index.
Junk bonds are living up to their name right now. As we have noted in the past, the lowest-rated junk bonds may have inflated a $1 trillion bubble at the bottom of the debt market. The thing is, it never should have gotten that way.
One of the lingering economic debates concerns productivity growth.
"It's The Next Stage Of The Greater Depression… The Economy Is Going To Be Very, Very Bad"
401K is a Private Retirement Fund under US Law
Congress Remains Silent As UN Demands U.S. Taxpayer Money And Open Borders For Muslim Refugees
Earlier this week we described the personal come to non-GAAP Jesus moment of trading commentator Richard Breslow, who confessed in no uncertain terms that he has had it with endless central banking intervention:
Following Japan's record low PMI, Europe's modest pick-up, and China's bounce, this week's Philly Fed crash was more indicative as US Manufacturing (flash) PMI printed 50.8 (from 51.5 in March and notably missing 52.0 expectations).
Based on how Americans have been investing, it appears the average citizen really hates the stock market.
One of Nation's Largest Pension Funds (Truckers) Will Reduce Benefits or Go Broke by 2025
