Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The...
• By Michael SnyderEconomic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years
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Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years
No matter what Jamie Dimon may say, bitcoin's durability can be expressed by one simple fact: With a market cap of $100 billion, digital currencies have become too big for banks to ignore.
When people are dependent on the government they are much easier to control.
American manufacturing expanded last month at the fastest pace in 13 years, in part because of effects from two major hurricanes, figures from the Institute for Supply Management showed Monday.
- and that is where you can find what everyone is searching for. JOHANNESBURG - Step away from the crowd, look, see what no-one else is noticing - and that is where you can find what everyone is searching for.
Today we'll continue to size up the bull market in governmental promises.
Personal Income, Spending, PCE Inflation "Unexpectedly Weak": Real Income and Spending Decline
We've frequently warned that Obamacare is locked in an inescapable death spiral that will result in its inevitable failure.
If your savings account balance is hovering at or below $1,000, you're not alone.
The NFL is deeply crony.
Extending July's weakness (in new, existing, and pending home sales), August is off to a rough start with existing sales and now new home sales has collapsed (down 3.4% vs expectations of a 2.5% gain). July's big plunge in sales was revised slightly
Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give?
There are a lot of financial time bombs that the U.S. government, and state governments, have created.
Following a stronger-than-expected Eurozone PMI print this morning, Markit reports a mixed bag for preliminary September US PMIs with Manufacturing limping higher but Services missing expectations and slipping notably. After 5 straight months of gain
Now that the Fed has finally started to peel off the quantitative-tightening Band-Aid, things should start getting back to normal. That's a good one, given no one really knows what normal is these days. A pullback from the record highs of yesterday
For those still unsure what Yellen's rambling, disjointed press conference meant yesterday, or are still in shock over the Fed's admitted confusion by the "mystery" that is inflation, here is a quick recap courtesy of Deutsche Bank and Goldman, expla
Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes.
When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn't until much later in life that I learned that such knowledge did not come from books, but through experience. One of my favor
If you were wondering how banks got "too big to fail," here's a good place to start. This chart shows us how, over the last couple of decades, 37 banks have became just 4 mega-banks. These same 4 mega-banks have, thus far, been immune to the co
In an extensive, must-read report published on Monday by Deutsche Bank's Jim Reid, the credit strategist unveiled an extensive analysis of the "Next Financial Crisis", and specifically what may cause it, when it may happen, and how the world could re
I recently had the opportunity to read the 'Creature from Jekyll' Island by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve system. I was taken aback by some of its provocat
Hillary Clinton says she made a mistake when she gave speeches on Wall Street after leaving government. Taking money from banks, she writes in her new memoir, created the impression she was in their pocket.
This time is different are the four most dangerous words any economist or money manager can utter. We learn new things and invent new technologies. Players come and go. But in the big picture, this time is usually not fundamentally different, because
The US dollar index is down about 12% from the highs of late last year. It has broken support, no matter where you draw the trendline.
Keith Jurow, a real estate analyst and author of the Capital Preservation Real Estate Report, pinged me a few days ago with his analysis that suggests long-term mortgage delinquencies are seriously under-reported.
No one really cares about the U.S. federal debt," remarked a colleague and Economic Prism reader earlier in the week. "You keep writing about it as if anyone gives a lick."
(Hint: Yes)
The Middle Class Is Being Destroyed: Now Only 25 Percent Of All Americans Have $10,000 Or More In Savings
Okay, so I don't have grandchildren yet, but I want to increase the odds you read beyond the title if you are old enough to have grandchildren. Should the investment advice we give to someone young truly be different from that given to someone old
There is a reality coming to America, and to some degree we have already seen it during Hurricanes Harvey and Irmageddon. The fundamental that can be drawn from the recent calamties is you are either prepping or you are preparing to become a statisti