ON AIR NOW
Click to Play
After nearly a decade of being able to borrow money for next to nothing, interest rates are finally beginning to creep higher. Even the relatively small increases seen so far have caused problems in the previously booming automobile industry.
The Dow Falls Another 138 Points As Geopolitical Shaking Forces Investors To Race For The Exits
Two weeks ago, in order to preserve Goldman's happy narrative that US growth is still strong (which is ironic because while on one hand Goldman tells its clients to buy the dollar, at the same time it tells Trump to short it), Goldman tried to justif
Working sheeple are being devoured by the very same grizzlies that they elected to protect them.
I just read an article from what the mainstream considers a reputable source of news, the New York Times. The article talked all about monetary policy and didn't say a thing about the real world.
The architect of the world wide web laid out a scenario where AI could become the new masters of the universe by creating and running multitudes of companies better and faster than humans
Noah Smith, writing in Bloomberg, says that middle-class America has indeed been fleeced by our national economic policies. We agree. But which policies have been responsible?
On Wednesday, I asked a handful of bloggers and economic writers their estimate for first quarter GDP.
Personal And Commercial Bankruptcies Surge In March
We all know the terrifying debt statistics.
The UK's Telegraph just published an analysis of global debt that pretty much sums up the coming crisis. Here's an excerpt with a couple of the more hair-raising charts:
Please note, many will argue that the p/e ratio on the S&P 500 was higher in 1999 than it is now. However, there's a number of problems with the comparison.
12 Signs That A Day Of Reckoning Has Arrived For The U.S. Auto Industry
--here's what you can buy nationwide for the same price
The special interests that dominate politics dominates to produce a form of economic warfare. The more some can manipulate the political machinery, the more they can feather their own nests. They even use similar propaganda techniques.
French economist Frédéric Bastiat was a man far ahead of his time. He was a "classical liberal," which today would identify him as a libertarian. He expanded upon the free-market argument set forth by Adam Smith in 1776.
Despite the widespread hope among libertarians, classical liberals, non-interventionists, progressive peaceniks, and all those opposed to the US Empire that it may have some of its murderous reins pulled in with the election of Donald Trump, it appea
As U.S. equity markets continue their march back toward all-time highs, courtesy of the latest BTFD binge trade, at least one 'small' segment of the U.S. economy does not seem to be participating in the rally as 9 brick-and-mortar retailers have alre
Way back in the 4th quarter of 2015, GMO's Jeremy Grantham wrote a piece titled "Part II: 2015 and 2016, U.S. Equity Bubble Update, and Yet More on Oil."
Dallas Mayor Mike Rawlings has finally reached his maximum willingness to throw taxpayer dollars at the Dallas Police and Fire Pension (DPFP) system and has pulled is support for a bill that, if it passes, will undoubtedly prove to be yet another fut
....Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?
More people are leaving the New York region than any other major metropolitan area in the country.
More auto numbers will come in later in the day, but the initial reports show Mixed Sales Results in March.
"Financial, Social, Geopolitical Turmoil Will Flare Up Like A Tinderbox"
For months we've been talking about the massive lending bubble propping up the U.S. auto market.
Federal Reserve Chair Janet Yellen said the primary reason for raising interest rates in March was a simple one: the central bank is confident in a steadily improving economy.
In Part One of this article, I analyzed the similarities of Isaac Asimov's Foundation Trilogy to Strauss & Howe's Fourth Turning, trying to assess how Donald Trump's ascension to power fits into the theories put forth by those authors.
The Wall Street Journal reports Margin Debt Hit an All-Time High in February. Given that Margin debt has a history of peaking right before financial collapses this seems like a warning to me but analysts say it's different this time.
Not everyone is a fan of the Federal Reserve System or any of its chairmen.
I'll start today with a confession: I'm an unabashed optimist.
