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Courtesy of Bill Gross' latest monthly letter "Show Me The Money", here are some perspectives on the only thing that has kept the global economy going since the financial crisis: debt, and lost of it.
Bill Gross' letter discussing the credit deluge hitting the US came out at a convenient time: just as the Federal Reserve released its latest Flow of Funds report, which while most track to show the change in average household net worth -
Earlier Balance Sheet Reduction...While we suggested that the lack of a solid rebound in average hourly wages clouded the Fed's intentions on future rate hikes after March, Goldman had no such doubts and in a report issued moments after the "solid jo
Trump is another president in a long line of presidents with a magical plan to restore the economy to high growth, especially for the working class. But other than some temporary blips, the nation hasn't seen sustained high growth since the eco
The Washington Times has published a fascinating and insightful story about growing opposition to hikes in the minimum wage in various parts of the country.
WHO CAN'T AFFORD INSURANCE...You're in a bad situation; you're depressed, frightened, and need a solution. I'll do my best to give you one. But first, please believe me that I know what it's like to be in desperate circumstances.
Ever since his election victory, people have been arguing that Donald Trump is the most dangerous man in the world.
It is no secret that prepper-types use the Great Depression as an example of what can and will happen when the stuff hits the fan.
According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction.
Two days ago, President Trump sent out a tweet crowing that the national debt went down by $12 billion in the first month of his administration, as compared to the first month of the Obama regime, when it went up by $200 billion.
Fresh on the heels of a glowing existing homes sales report comes news of an unexpected plunge in pending home sales. Economists in the Econoday survey expected a 1.1% increase. Instead, the pending home sales index plunged 2.8%.
New homes sales hit the skids in December, down 10.4 percent. December numbers were revised slightly lower today.
Exterminating Angel Amid all the sound and fury of the Trump news cycle, hardly anyone noticed. There is a specter haunting this economy. It is the specter of inflation…
-- Fmr Federal Reserve Head Just Admitted Ron Paul was Right About the Economy
Join us in San Diego for an uncompromising symposium on the future of liberty. Our keynote speaker is Patrick Byrne, the brilliant and innovative founder of Overstock.com. We'll also hear from Tom Woods, Nomi Prins, Michael Boldin, Richard Rider, Chr
When I was in corporate life, boomers would come to me and request a contrived hardship withdrawal of their 401(k) funds, which they then used to buy an expensive German car or some other extravagance, resulting in a tax penalty. I knew what people
Market concentration hurts workers according to this article. It's true, but makes no distinction between voluntary monopolies and imposed monopolies.
When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem. For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation.
The stock market is soaring and the jobs report gives a rosy outlook. Are we in for good times...or are the hard times just around the corner?
It's already been eight years since the Great Recession, yet the U.S. economy has been just inching along, with its productivity flagging and millions being locked out of the labor market.
Every month the Federal Reserve Bank of New York does a survey of consumer expectations: Inflation, spending, earning, and jobs.
Every month the Federal Reserve Bank of New York does a survey of consumer expectations: Inflation, spending, earning, and jobs.
Washington (AFP) - US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labor Department.
A new recession is coming, and Donald Trump needs it to begin sooner rather than later. As I explained last week, most American voters tend to care about their pocketbooks more than anything else.
Jim Rogers: "We're About To Have The Worst Economic Problems Of A Lifetime, A Lot Of People Will Disappear"
Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning
The National Employment Law Project (NELP) released a study claiming to have directly disproved any link between minimum wage and job loss.
The S&P is up 8% since the election. Volatility has been squashed. The VIX is near record lows. Jason Leach at Fusion Capital credits "Policy Trumpacho".
You work long, hard days, but you never have enough to be secure. Your husband or wife probably works too, and yet you still never get ahead. Now think about this: Your great-grandparents worked hard, and they did get ahead. You work just as hard, bu
When debt grows much faster than GDP for an extended period of time, it is inevitable that a good portion of that debt will start to go bad at some point. We witnessed a perfect example of this in 2008, and now it is starting to happen again.
