M. Whitney: European Banks Tanking, 2nd Half For Stock Market Is Bleak
• Businessinsider.com/As for the stock market: The second half will be "bleak." Why? No end demand from consumers, and a double dip in housing.
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As for the stock market: The second half will be "bleak." Why? No end demand from consumers, and a double dip in housing.
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The notion that a central government could provide cradle-to-grave care for all its citizenry was only possible when the worker-to-retiree/recipient was on the order of 10-to-1 or 5-to-1. Now that it is effectively 2-to-1 in most of the developed wor
The macro-swindle of a worldwide Ponzi orgy now stands revealed and the vacuum left in its place is about to suck everything familiar into it -- standards-of-living, hopes, dreams, not to mention lives. The political action will be a desperate...
Hogarth said a computer model shows oil has already entered the loop current, while a second shows the oil is 3 miles from it — still dangerously close. The models are based on weather, ocean current and spill data from the U.S. Navy...
A BP statement said simply that the four-inch (10-centimeter) diameter tube inserted into the 21-inch leaking pipe using undersea robots had captured "some amounts of oil and gas."
Unless real focus is afforded to re-engaging small businesses in this country, we will have a tragic and dangerous unemployment level for an extended period of time. Small businesses fund themselves exactly the way consumers do, with credit cards...
This General Motors CEO explains a few more detail about how GM repaid their loan in "full with interest"!
In an interview with The Daily Telegraph, Mr Hayward said the five-hour meeting involved a "very deep dive" into the situation at hand, with "lots of nuclear physicists and all sorts of people coming up with some quite good ideas actually."
Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick. The discovery is fresh evidence that the leak from the broken undersea well could be
An evaluation of who you can trust and who you can't is, in coming years, likely to be the most-important decision you will make, and you will make it time and time again. Being wrong in the coming decade may throw you into rank destitution...
But the depression is ongoing and the reason we say that is because real personal income, excluding handouts from the government, has barely budged. In fact, real organic personal income is nearly $500 billion lower now than it was at the peak...
The pressure at 5,000 feet undersea -- where the well site is located -- is so high, that containment efforts are likely often to fail. At 5,000 feet underwater, blocking elements have to be able to hold even with pressures off 40,000 pounds per sq..
In the three weeks since the April 20th explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico, and the start of the subsequent massive (and ongoing) oil leak, many attempts have been made to contain and control...
The beginning of a U.S. currency crisis and hyperinflation. Become a member of NIA for free at http://inflation.us Ron Paul looking good!
Even college students know what the banksters are doing to this country. Instead of JPMorgan CEO Jamie Dimon, their choice for commencement speaker was Simon Johnson, author of “Jamie Dimon Is the Most Dangerous Man in America.”
"I need a freakin' job." That's the message President Obama saw as he arrived in Buffalo, N.Y., this afternoon for an event talking up the administration's success in creating new jobs.
On the whole, sales were off 26 percent to $766 million, with software sales (the most closely followed of the numbers) plunging 22 percent to $398.5 million, according to NPD Group, which tracks video game sales.
We will shift from one where the market still believes that reserve currency is enough of a backstop to prevent the collapse of the US, to a regime where incremental bailouts will be seen as negative. That moment will be true black swan...
The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
The survey shows that 76 percent of Americans believe that the US economy remains in recession; an even larger 81 percent describe themselves as dissatisfied with the economy.
#1 In fact, some local shrimpers in Louisiana are already predicting that it will be seven years before they can set to sea again.
The time when we could have done something to fix the system is now long gone, courtesy of the administration's waffling for the past two years as instead of getting to the root cause of the last and future crash, it was focused on bailing out bankru
Paul Farrell points out the ugly truth about profligacy, American style:
Or as Joe Klein so colorfully phrased it, the elite have been strip-mining the middle class in America for the past thirty years.
The second leg down of the Depression was larger than the first, as shown by this chart of the Dow:
Europe has lost its head! First, the weather is completely out-of-sync with the calendar. Perhaps it’s because of the volcano in Iceland… The dust is blotting out the sun. There’s no sun here today. Instead, the sky is pale grey. And it’s raining. Th
The problem at those depths has been the formation of gas hydrates, ice crystals described as “jelly like” by one former drilling engineer, which filled the top of the container and made it impossible to use it to pump the oil up to the surface.
If we subtract the bogus phantom jobs created by the "birth-death model" and the temporary Census Bureau jobs, the U.S. economy is staggering along the zero line, neither creating jobs nor losing them.
Adopting new, U.S. market-wide circuit breakers to halt precipitous drops in individual stocks is "a done deal," a source said on Tuesday, five days after a severe market plunge rattled investors and perplexed regulators.