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As CNBC hosts Joe Kerne and Rick Santelli pointed out yesterday, the Tea Party movement seems largely clueless about the fact that a huge chunk of the $1 trillion dollar bailout heist being pushed through to save the face of global economic governanc
April marked the 27th consecutive month in which small businesses either shed more or the same number of jobs that they added, according to a monthly survey to be released Tuesday by the National Federation of Independent Business...
The nut is that a fund linked to Nassim Taleb -- Mr. Black Swan -- may have placed the initial trades that got the ball rolling for Thursday's violent selling.
If you follow a Buy-and-Hold strategy, you are the gambler. Do gamblers sometimes win? They do indeed. But you don’t want to be the gambler, you want to be the house. Is there a way for the stock investor to get the odds on his side? There is.
But more importantly, beyond their debt, is that they don't have their own central banks, which turned out to be Greece's problem. The central bank distinction is key, as it's the reason that the UK hasn't found itself in a fiscal crisis yet.
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.
If it’s true that millions upon millions of gallons of crude oil are flooding the Gulf with no end in sight, the massive oil slicks being created could make their way into the Gulf Stream currents, which would carry them around the world...
In this video report on graduates from the University of Phoenix, it was stated that only 20 percent found employment after graduation in 2009. The reporter goes on to say that 7 percent fewer who graduate will find employment in 2010.
In this Russia today interview Gerald Celente explains the economic crash that will soon hit the American economy.
Here's the latest NOAA 72-hour oil slick projection map, which was prepared Saturday night at 9:00 PM. The red dots represent beached oil.
For example, few people imagined in 2007 that U.S. real estate prices could all decline at the same time, and therefore assigned this event such a small probability that it was believed essentially impossible.
According to Market Ticker's Karl Denninger, during, the 6-minute crash and rebound on May 6, 2010, brokerages were illegally shutting down trades with the New York Stock Exchange and going to other exchanges for trades instead, but giving their cus
The leverage is overwhelming the system.
BP faces the prospect of drilling a relief well to cut off the leaky oil well, which could take two to three months. A giant oil slick from the gush of oil threatens to create an environmental disaster for four Gulf Coast states.
Efforts to cap a leaking oil well in the Gulf of Mexico suffered a major setback Saturday, after ice-like crystals clogged the inside of a massive dome meant to contain an 18-day-long spill.
But here's one slice that wasn't mixed. The number of long-term unemployed is shooting straight up with nary a green shoot in sight.
"Many people haven't woken up to the severity of the US fiscal crisis," Faber said by phone. "The only difference for the US from Greece is that it can print more money."
Try listening to this audio from the "epicenter of the meltdown." (MP3)
USDA estimates enrollment will average 40.5 million people this fiscal year, which ends Sept 30, at a cost of up to $59 billion. For fiscal 2011, average enrollment is forecast for 43.3 million people.
So, there is a massive buildup of public debt. And the lesson of history is that unless this buildup of sovereign debt is tackled eventually by raising taxes and controlling spending, then there are only two outcomes: default or high inflation.
Money flow is slowing during such a period, the money isn't out there to buy the government bonds that various jurisdictions want to issue . It is a situation where government gets squeezed from both sizes, less revenue and less ability to borrow.
Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another Great Depression. But only a small percentage of those same people are prepared for that to happ
It's starting over. The NASDAQ is what's really getting crushed, down over 3%. The Dow is moving around, but down over 211.
The short answer: We are now all cash. We have no positions long or short. We are actively looking for shorts.
If you had any doubt about what I have been talking about during this entire ramp job off 666 - that the so-called "bull market" was in fact not much more than a handful of institutions buying shares with free Fed money...
290,000 of which census was 66k and Birth Death was 188k. Hurray -the economy added a real 36k in jobs in April.
NEW YORK – The stock market had one of its most turbulent days in history as the Dow Jones industrials fell to a loss of almost 1,000 points in less than half an hour on fears that Greece's debt problems could halt the global economic recovery.
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The problems in Greece and the other PIIGS are in a certain sense the result of a lack of new money being printed, money which would inflate away the debt problems for the PIIGS. The Federal Reserve is simply not printing money...
The Dow fell 59 points yesterday. It looks to us as though the stock market is finally rolling over…it’s finally putting in a big top after a long, long bounce. But it could be just another temporary setback. We won’t know for a while. In the mea
