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During Friday's bloodbath, I heard a CNBC anchor lady assuring her (scant) remaining audience that Brexit wasn't a big sweat. That's because it is purportedly a political crisis, not a financial one.
When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in "good shape"?
On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen.
We've entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.
Remember when the Supreme Court decided that Obamcare is legal but it's a tax? Well, the nuances were irrelevant, but when it comes to the Bureau of Economic Analysis they could not have been greater: by effectively counting a tax as part of US econo
Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.
Gold Will Go Higher Than Most People Can Imagine". As fears of England leaving the European Union came to a head on voting day, a stunning scene emerged on the streets of London. Though it was completely ignored by the mainstream media, the fact th
Poor Goldman just can't get anything right these days. Having started off 2016 with euphoric optimism, predicting a soaring dollar and at least 4 rate cuts not to mention a blistering recovery, following a series of hits to the US economy and culmina
Hillary Clinton Makes Dire Predictions for Economy if Donald Trump Wins … Clinton Skewers Trump's Economic Policy … Hillary Clinton, the presumptive Democratic presidential nominee, spoke in Columbus, Ohio, on Tuesday, criticizing Donald J. Tru
Fed's Yellen: US economy faces 'considerable uncertainty' … Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee on June 21, 2016 in Washington on June 21, 2016 … Federal R
Let us go back forty years. Here is one of the greatest scenes in the history of the movies.
You are about to see undeniable evidence that the U.S. economy has been slowing down for quite some time.
Debt Super Cycle Will Destroy U.S. Standard of Living Overnight "Leave Society Gasping and Stupefied"
If Donald Trump has even a partial clue about the nation's monumental economic mess one of his first acts will be to demand Janet Yellen's resignation. And for sheer incompetence among countless other failings.
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years. The central ban
Peter Schiff appeared on CNBC this week with a dire warning on America's economic future – "It's gonna be awful!"
It's an inevitable question: Could U.S. 10-year yields turn negative now that German 10-year yields have fallen below zero for the first time ever and Japanese 10-year yields have dipped to record lows of negative 0.17 percent?
For years, I have described US housing market conditions with some of the following color:
Jitters about the slumping economy over the last decade impacted the American bedroom too, resulting in a huge baby gap as couples gave up making families. And it's still lingering.
When the Fed unexpectedly stopped reporting the data for Total Credit Market Instruments in September 2015, the most comprehensive series of total credit in the US economy, there were many screams of disappointment and frustration from US debt watche
Sometime in the last few weeks, or months, or years, you may have heard about this idea called "universal basic income." It's the idea that maybe governments should give a monthly stipend--no questions asked--to everyone who lives there.
Bill Gross is worried.
EBT Card Outage?: It Is 8 Days Into June And Many Americans Are STILL Waiting For Food Stamp Money
Lenders in Europe and Japan are rebelling against their central banks' negative interest rate policies, with one big German group going so far as to weigh storing excess deposits in vaults.
Editor's Comment: By design, America is going down. But the nation's dumbed-down population is slow to catch on to the subtle mechanisms of control that have allowed the Wall Street 1% to completely dominate all other aspects of the economy, and
What you are about to see is major confirmation that a new economic downturn has already begun.
The speculators have found food, prices will skyrocket. Obamacare is Zerocare, and Oil making new highs. Where does it end up? Find out now.
Stop me if you've heard this one before: A Fed official walks into a bar and says the economy is improving and rate hikes are appropriate. The patrons order another round to celebrate. Then disappointing data comes out, the high fives stop, and the
Here is a headline: This AI expert says that a robot economy will force us to give people unconditional free money. The article is in Business Insider. In the future, giving people unconditional free money might be the fairest way to deal with a rob
3 Signs of a Recession Janet Yellen Is Ignoring … The Fed Chair's upbeat speech glossed over key warning signs. Federal Reserve Chair Janet Yellen was upbeat on Monday in a speech at The World Affairs Council, where she largely dismissed the nega
