The new Federal Reserve program to lower long-term interest rates means banks and brokerages are at risk for depressed earnings, with no real solution, and their shares reacted accordingly on Thursday.
India has lowered its exposure to America's ballooning debt for three consecutive months, as its holding of the US Treasury bonds fell by USD 4.2 billion (more than Rs 20,000 crore) between May and July this year.
US stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the US economy and disappointing data from China heightened fears about a global recession.
Will global financial markets reach a breaking point during the month of October? Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown.
If you think the U.S. economy is bad now, just wait for a few months. Things are about to become absolutely nightmarish.
For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to.
Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data China heightened fears about a global recession.
Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.
Throughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support...
Nouriel Roubini is calling it this morning, following a bout of dismal economic data around the world. Europe and the U.S. are "effectively in recession" and there's nothing policy makers can do to save them.
Expecting insight about the economy from Barack Obama is like hoping to learn about Paul Revere from Sarah Palin. However, inadvertently, the President seems to have gotten something right. President Obama stumbled...
Icelanders reject bailout
No, this is not a joke! There is actually a man who has owned and operated the same car for 82 years! Mr. Allen Swift of Springfield , MA. received this 1928 Rolls-Royce Picadilly P1 Roadster from his father in 1928 as a graduation gift. He dro
With 86% of the U.S. workforce in the service industry, introducing tariffs on imported goods and devaluing the dollar will further put the squeeze on the American middle class who already have been systematically screwed by the ruling elite...
(Publisher: Foreclosure-gate has gone mainstream... well, at least the largest investors now understand the real risks of a total collapse. An excellent summary.)
The Best Article Ever Written on Depressions - No Way Out, Doug Casey on the greatest depression, and why it might not be all bad. - Anarchy Is the Answer, Ralph Raico on liberation from the parasite state.
A must-read article that begins with this quotation: “From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913Entered By: Jefferson Paine
Zip, zest, and zeal are signs of health. If you feel that you are lacking these on a regular basis, you may be depressed. Many people do not believe in depression; however, it is one of the most common health problems in the United States affecting a
There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran and Afghanistan are failing to make the same impact today, they often claim that th
The Fable of the Bees (UPDATED) So, you want to understand what happened to the economy in 2008? I have an answer. It's a poem.
More than 8 years into fighting two wars, the U.S. military finds itself in an odd but enviable position: All four military components reached their recruiting targets . . kids out there who are coming out of high school with no job prospects or are
The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation.
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
HAVE YOU BEEN DEFRAUDED BY YOUR BANK??? The only way to know if YOU have been scammed is to analyze your “Mortgage” or “Loan Documents” YOURSELF! BY SPECIAL INVITATION ONLY… Your presence has been cordially requested at A PRIV
This could be risky as experts have warned that excessive tinkering with the blowout preventer -- a huge 450-ton valve system that should have shut off the oil -- could see crude shoot out unchecked at 12 times the current rate.
Here is a list of 10 bizarre and unusual, but serious world phobias.
A county-by-county look at unemployment in California over the past year. First Published: Thursday, Mar. 19, 2009-Updated until Feb 2010
After reaching the lowest level in a year in January, Notice of Defaults, the start of the foreclosure process, increased by 19.7 percent in February, according to a report Monday from ForeclosureRadar Inc., a Discovery Bay-based foreclosure informat
Sherter explained that “just as giant financial firms interconnect, so do giant financial crises. Credit woes seep first into the banking sector, then slam into the broader economy before doubling back to curtail lending. Bubble pops bubble, a verita