US States Are Facing Total Debt of Over $4 Trillion
• CNBCThe total of U.S. state debt, including pension liabilities, could surpass $4 trillion, with California owing the most and Vermont owing the least, a new analysis says.
Contents Pages by Subject
Economy - Economics USA
True State of the Economy Spring 2010
• Jack Gregson with Ernest HancockJack Gregson uses simple (and complex) charts to explain 'The True State of the Economy 2010' (VIDEO)
Howard Davidowitz: "We Look More and More Like Zimbabwe"
• Businessinsider.com/In Howard's view, nothing has changed. Howard thinks the U.S. is still careening down the road toward a hell of fiscal instability, over-indebtedness, ballooning budget deficits and interest payments, and declining living standards.
State Governments Delay Tax Refunds
• Blacklistednews.com/Hawaii, North Carolina and New York are delaying refunds this year. Minnesota delayed some business tax refunds last year and may do so again. Alabama is waiting to send out millions of dollars in refunds until it has the cash.
Business Week: Public wrong, markets right, Obama plan working
• RawStory.com"We've had a phenomenal run in asset classes across the board," says Dan Greenhaus, chief economic strategist for Miller Tabak + Co., an institutional trading firm in New York. "If Obama was a Republican, we would hear a never-ending drumbeat...
Bernanke Does Dallas
• www.examiner.com - Garry ReedFed Reserve Chairman Ben Bernanke used a Dallas Regional Chamber luncheon on Wednesday to tell the American people what flibbertigibbetty fools we are.
1.2 Million Households Disappear, Putting Pressure on Home Prices and Rents
• ZeroHedge.comMore than 1.2 million households [have been] lost to the recession, according to a report issued this week by the Mortgage Bankers Association that looked at data between 2005 and 2008. That number doesn’t include information from 2009...
Why So Glum? Numbers Point to a Recovery - By FLOYD NORRIS
• NY TimesThe American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating. So it is surprising that many commentators seem to doubt such a thing could be happening.
Unemployment: Weekly Initial Unemployment Claims increase 18,000
• CalculatedRiskBlog.comIn the week ending April 3, the advance figure for seasonally adjusted initial claims was 460,000, an increase of 18,000 from the previous week's revised figure of 442,000.
State and Local Budget Crisis Black Swan
• MyBudget360.comOne stunning statistic that hit this week regards California’s unemployment insurance claims being paid out. California is paying out some $100 million per day in unemployment benefits.
The True State of the Economy - Spring 2010: Part 10
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 9
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 8
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 7
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 6
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 5
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 4
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 3
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 2
• YouTube.comErnest Hancock and Jack Gregson
The True State of the Economy - Spring 2010: Part 1
• YouTube.comErnest Hancock and Jack Gregson
Today on LewRockwell.com - April 8th 2010
• LewRockwell.com"It's Time To Part Company", Walter Williams on secession. - "Congress Is a Criminal Syndicate", Gerald Celente - "It's Coming, and It's Far Worse Than Real ID" Obama, totalitarian national biometric ID, and his GOP allies. Article by Alex Newman.
The rot in US Version of Financial Capitalism
• arcleinFirst, the US-led capital game has reached its own limit. Financial liberalism has gone wild since the Thatcher cabinet of Great Britain and the Reagan administration of the US set off a wave of "neo-liberalism" in the 1980s. In 1999 the US adopted
Ellen Brown on Student Loan Industry
• arcleinDespite all this government help, lenders have continued to turn their backs on riskier borrowers, driving students to the government’s direct lending program. With the banks enjoying heavy subsidies while failing in their mission, Obama campaigned i
Karl Denninger: Revolving Credit Drops at an Annual Rate of 13 Percent
• Market-ticker.denninger.netFor those who argue that we are emerging from recession and that we are seeing real final demand increases, you have to square that against these charts. It simply isn't happening.
Springtime for Economics: Ignoring the Bubble Era Mistakes
Bill BonnerIt’s springtime. The temperature is 85 degrees here in Washington. New York is approaching record-breaking temperatures. Global warming is back in business.The flowers are out. Cherry blossoms are thick on the ground. The grass is yearning for the mo
The Chopping Block: Mesa, Arizona faces massive cuts
• AZcentral.com"It is like a bad dream that you cannot wake up from," City Councilman Dennis Kavanaugh said after City Manager Chris Brady warned employees in a memo this week that not everyone will still be on payroll come July.
Arnie's World: Why California Could Be the Next Greece
• EconomicPolicyJournal.comDespite his positioning of the story as Arnold Schwarzenegger wanting to do the right thing and the California legislature as not co-operating, the facts are accurate. There is no way out. Like Greece , the politicians can't cut for fear...
"Agorism" (You'll start hearing a lot more about this philosophy as things get worse)
• WIKIAgorism is a political philosophy that holds as its ultimate goal bringing about a society in which all "relations between people are voluntary exchanges – a free market." The term comes from the Greek word "agora," referring to an open place for as
Peter Schiff The Real Economic Crisis is the one still to come
• Peter Schiff ChannelPeter Schiff introduces himself to the Easton, CT Republican Town Committee on 2-25-10. see video
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