Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released last week.
Thanks to a modest downward revision in February's print, March's Case-Shiller 20-City Composite Home Price Index rose at 6.79% YoY - the fastest price appreciation since June 2014.
Dr Phranq Tamburri, NMD (Trump Report) on boycotts and why SOLO will not save Star Wars -- Charles Goyette (Author, Commentator) comes in studio to provide an update on the economy
Back in January of 2016 we saw what appeared to be, and in my opinion should have been, the end of the Everything Bubble blown by the word's central banking cartel.
Following March's mixed bag of good orders improvement and shipments weakness, April's preliminary data showed durable goods orders tumbling more than expected (-1.7% MoM vs -1.3% exp, and down steeply from last month's 2.7% rise).
I've said the title of this issue a few times before in The 10th Man, here and here. When rates go up sharply, stuff blows up, because lots of people are negatively exposed to higher rates
After a two-month rebound from January's plunge, new home sales disappointed in April, dropping 1.5% MoM to a SAAR of 662k (below the 680k expectation).
Michael Eliot (Founder of Ventive Floathouse) on private cities through seasteading using the modular floathouse concept - Tom DeWeese (President of the American Policy Center) on private property rights in today's world, free enterprise, Red Pill Ex
The fiscal outlook for the United States "is not good," according to Goldman Sachs, and could pose a threat to the country's economic security during the next recession.
You know all those reports about how lots of Americans can't afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for f
A noted free-market intellectual, Glenn Hubbard, dean of the Columbia Business School, has escaped from the economics echo chamber and admitted that prevailing dogma has holes in it. Now we need some noted left-liberals to escape from their echo cha
Mortgage rates are the highest since September 2013. If this level breaks, next target is February 2011.
Mortgage News Daily notes Mortgage Rates Jump to 7-Year Highs.
Yesterday, we showed that according to Macquarie strategist Viktor Shvets, the biggest danger facing investors in the next 12 months is a sudden, explosive move higher in the dollar, as a result of a quiet shrinkage in global dollar supply and an ina
It's always a pleasure to do video podcasts with Max Keiser and Stacy Herbert. Here is one we did last week.
Max and Stacy talk about fake journalists, income, opioids, and charts.
I come in at the 12:45 mark to discuss jobs, unemployment, wage
It is at times frustrating, but also interesting, to witness the progression of the mainstream's awareness of economic crisis within the U.S. over the years. As an alternative economist, I have had the "privilege" of perching outside the financ
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