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(NaturalNews) Author Charles Dickens' classic, A Tale of Two Cities, begins this way: "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ... ."
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New home sales fell 7.6% in August to a seasonally adjusted annualized rate (SAAR) of 609,000 units.
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Chart Of The Day: Household Financial Assets To Disposable Personal Income Now Exceeds Dotcom/Housing Bubble Peaks
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Sometimes I wonder if I'm ever going to run out of new things to say about the economy. Nothing interesting has happened in a long time.
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U.S. home prices appear to be getting out of hand again as the gap between home price growth and household real income growth is close to where it was just before the housing collapse.
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OUZILLY, France – First, some travel advice…
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Last Friday the FRBNY Nowcast was in a blackout period because of the FOMC meeting on Wednesday.
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Without the stimulus of ever-rising credit, the global economy craters in a self-reinforcing cycle of defaults, deleveraging and collapsing debt-based consumption.
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Monetarists Are Out of Ideas … Steve Williamson of the Federal Reserve Bank of St. Louis for the past three years or so has been trying to convince the macroeconomics world to consider a bold new theory -- that central bank policy works in reverse
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A heavily divided Federal Reserve left short-term interest rates unchanged but said the case for a rate increase "has strengthened", in a strong signal that a move is likely before the end of the year … Three out of 10 of the US central bank'
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Yesterday I told you how the US federal debt level is expanding at its fastest rate since the financial crisis.
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Several years ago Aurora DeMarco, 53, was having health problems. The divorced masseuse and hospice care provider was stressed, depressed, and overwhelmed by all the upkeep of her three-bedroom condo in the tony Brooklyn neighborhood of Park Slope, k
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The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing -- as the number of people staying in homeless shelters reached an all-time high last weekend, records show.
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We find it surprising how, having covered the unprecedented growth in US corporate debt over the past few years, which has more than doubled from $2 trillion at around the time of the financial crisis to approximately $6 trillion currently...
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I really hate using Hitler quotes these days; people take them as ultimate slams, rather than illuminating thoughts from a bad guy. But that said, Adolph did make a very clear and useful statement when he said this: I have not come into this world to
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Slate is ecstatic over the latest economic news, believing that the US is on the road to recovery. This is incorrect, though. The US and the world are on the way to the largest economic disaster ever faced.
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Zero Hedge reports Two months after Bernanke's unexpected trip to Japan failed to unleash the "helicopter money" many expected his visit to the BOJ would deliver, Bernanke is back with another shocking policy appeal, this time not as a result of a tr
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-- and that's disastrous news for the economy
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Economic expert and best-selling author David Stockman offers a dire view of the deep financial trouble America faces in his new book titled "Trumped!"
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A giant problem The rise of the corporate colossus threatens both competition and the legitimacy of business … DISRUPTION may be the buzzword in boardrooms, but the most striking feature of business today is not the overturning of the established
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OBLITERATE THE GLOBAL ECONOMY . Lana Clements for Express UK reports A PERFECT market storm is brewing and it's going to leave economic carnage in its wake, a finance expert has warned. Investors should prepare for world stock markets to sink by
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Investor Jim Rogers has some sobering words on the future of the global economy. Even though the leading oil producers are working on price stabilisation, he warns another significant economic crash could be on the cards within a couple of years.
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David Stockman, former OMB director, discusses why he thinks chaos caused by a Donald Trump presidency would be good for the economy.
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The United States has a huge disadvantage in labor costs relative to much of the world, especially compared to China, the Subcontinent, and Latin America, all of which have substantially lower labor costs. Japan and Europe have a similar disadvantag
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Having warned that retail sales could be weak (based on BofA's credit card data), year-over-year growth in retail sales rose just 1.9% (its weakest since March's plunge) and worryingly in historical recession territory. MoM data was disappointing acr
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'Crazies' Will Undermine the U.S. System … Former Fed chief doesn't spell out whom he is referring to Says economic and political environment is worst he's seen … Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.
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The central banks have gone so far off the deep-end with financial price manipulation that it is only a matter of time before some astute politician comes after them with all barrels blasting.
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In this publication, we warn regularly of the risk involved in storing wealth in banks. They've made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your mo
