The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in "a final and total ca
WASHINGTON, (Reuters) - U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.
Just what goes on at the annual Kansas City Fed economic symposium in Jackson Hole? The short answer is "Generally, not much".
There was a troubling development at the end of July, when as we noted at the time, the largest US subprime auto lender delayed its Q2 earnings released due to "Accounting matters", an event which promptly raised red flags not only over the fate of t
Terminal Economy: "Private Sector Will NEVER Recover…This Time, Replacing Humans Altogether"
Seemingly no amount of empirical evidence can convince progressives that raising minimum wages to artificially elevated levels is a bad idea. Somehow the basic idea that raising the cost of a good ultimately results in lower consumption of that good
Fed Worries Are Crushing Gold and Silver Stocks … Gold slumped today, finishing at its lowest level in a month after investors grew worried that the Fed would signal that interest rates would rise when it meets this week. - Motley Fool
James Grant, Wall Street expert and editor of the investment newsletter «Grant's Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.
On January 30, 2000, the 88+ million viewers of Superbowl XXXIV were treated to a commercial featuring a now infamous sock puppet.
Economics is far simpler than most in academics or government would have you believe. To make accurate predictions all you really need is an honest appreciation of the self-interest that is at the heart of free market transactions and an ability to u
Wealthy Have Nearly Healed From Recession; the Poor Haven't … The Great Recession and the subsequent recovery from it have deepened the wedge between the very wealthy and everyone else in America, plunging the poor deeper into debt and wiping ou
The Pentagon failed to account for $6.5 trillion in its financial statement, a recently-recovered Inspector General's report on the 2015 fiscal year said. It reveals the audit of the Department of Defense was "materially misstated."
John Hussman had an interesting post this week on a The Decade of Zero and its Chaotic Unwinding.
On Sept. 30, the end of the fiscal year 2016, the national debt is projected to reach $19.3 trillion.
Obamacare is facing the hard knocks of reality.
Trump and Hitlery have come out with the obligatory "economic plans." Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media.
We profiled Carl Icahn's notorious bearishness most recently two weeks ago when we showed that for the second quarter in a row, the billionaire's hedge fund, Icahn Enterprises had kept on its record short bias, manifesting in a net -149% market e
Yesterday was the end of some short-lived rallies as stocks fell back from their record highs and the dollar index retreated back to pre-Brexit lows. In the long term, these changes are showing the dollar continues to lose its purchasing power due to
from the Health Ranger eviscerates govt. economic LIES... watch here (NaturalNews) What you are witnessing in the stock market right now is an artificially induced bubble that's being desperately engineered to get Hillary Clinton elected in November
'Good Intentions' is a song in tribute to Prof. Walter E. Williams and his 1985's docummentary 'Good Intentions'.
Pension Duration Dilemma – Why Pension Funds Are Driving The Biggest Bond Bubble In History
The retailer's aggressive cost cutting has unintended consequences.