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The threat of this issue being comprehended by the broader population is finally so big that it necessitated Goldman Sachs' Sven Jari Stehn to come out with yet another extremely humiliating apologist piece of drivel, explaining how the labor force..
You can’t solve today’s problem of overconsumption and debt with more overconsumption and debt. The conditions that pulled America out of the Great Depression underscore that point. Once savings rates increased and made capital available...
Tens of thousands of our factories and millions of our jobs have been shipped overseas. Many of our proudest manufacturing cities have been transformed into "post-industrial" hellholes that nobody wants to live in anymore.
Perot is famous for his statement during the 1992 presidential campaign that if NAFTA was enacted, it would not be a two way street, and would create a “giant sucking sound” of jobs going south to the cheap labor markets of Mexico.
In the late 1920s, the economy of the Weimar Republic was beset by numerous fiscal troubles. The global depression spread quickly to Germany, undermining the government’s ability to make its reparation payments from the Great War.
Ben Bernanke came to Capitol Hill to talk about spending, and he was very forthright with his calls for the spending to go down in order for the economy to go up. That’s right, Big Ben has ridden to the rescue – he was three late due to a lame hor
I bet the Democrats don’t want to see this list, and I am sure they really don’t want you to see it. They’re probably afraid you’ll be cheering and doing a fist pump going “YEAH, CUT IT BABY!” This is the original 74 billion proposed that would
Hal Rogers said he was committed to cutting 74 billion out of the continuing resolution (CR) that was being introduced at the Obama 2011 levels. While falling short of the proposed 100 billion, there was an attempt being made to spend less. It wasn’t
Power-Elite Looting and Mass Murder, Murray Rothbard on Kissinger, the Rockefellers, and Arab killing - Jim Rogers and Doug Casey, They're the two must-read authors for any commodity investor, says Kevin McElroy.
News this week that Frankfurt-based Deutsche Borse is poised to acquire a majority stake in the New York Stock Exchange did not sit well in every corner of the financial world. Critics complained that a symbol of American capitalism was being scoo
First High Speed Trains, now: Obama said he would use $18 billion in federal funds to get 98 percent of the nation connected to the Internet on smartphones and tablet computers in five years. To get there, the federal government will try to bring mor
The grocer, a Real American Hero, is the public face of a long line of millions of strangers from around the world who, pursuing their own self interests, truly enable the American standard of living.
That when all is said and done, and there is no incremental vapor and no incremental HFT levitation effect, that the US collapse will be comparable only to that of the Soviet Union. Needless to say, we are confident he is optimistic.
It isn't pretty: "Soaring gasoline prices slammed consumer sentiment into reverse this week, threatening the slow recovery in economic views that’s been under way. With gas now at record high for a February...
Total systemic debt doubled during the 2000s. Yet economic output only went up 40%. That means that none of the output increase was actually purchased with the fruits of output - it was all bought with debt, and then some.
The tamping down of Whitney’s call has been truly remarkable, given that the majority of the people blasting Whitney stand to make an absolute fortune if she is wrong. Indeed, the only groups who do not stand to make money off of Whitney’s call, if s
I have news for the pundits and politicos: ain't gonna happen. Why? The answer cannot be found in the manipulated and massaged Bureau of Labor Statistics numbers (have any real jobs been created, net of jobs lost, in the past year? Who knows?)
Despite the continuing atmosphere of optimism and denial, we are witnessing a slow-motion crash of the juggernaut that is the real US economy. The unemployment situation is already the worst since the Great Depression and showing no signs...
There is a lot of confusion in the ranks, and it is something that the GOP leadership might want to clear up before it gets out of hand and develops into that loveliest of lovelies – conservatives beating up on each other. Right now there are a lo
The new JOLTS (Job Openings and Labor Turnover Survey) are out, and they don't look too pretty. First of all, the number of job openings apparently fell in December.
Everything Needs To Be Abolished, And here's why, says Tom Woods - Come to the 1st Ron Paul Monetary Hearing - Another Economic 'Martial Law in the Streets' Moment - Shooting on a Shoestring, Firearms that you can afford
Host:
Ernest Hancock
Glenn Jacobs - Citizen X - Today's Economy
Host:
Ernest Hancock
Glenn Jacobs - Citizen X - Today's Economy
The Daily Bell is pleased to present another exclusive interview with Richard Maybury .
Convexity is an outcome. Convexity when plotted looks like it goes through the roof. Hyper-inflation is price convexity. Looking at extreme outcomes isn't as interesting as understanding the drivers that create them. please note, I am not talking abo
Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already “discounted” that event weeks, months, or perhaps even years before it hits the front page and bec
It all starts with the White House.gov website: “Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promis
In a recent report, the credit rating agency, Fitch Ratings, said that 30% of commercial mortgage-backed securities loans set to mature in 2011 do not pass their refinance test. Another credit rating agency, Moody's Investors Service, said...
The Potemkin American economy pretends that it can afford trillion-dollar wars, trillion-dollar military budgets, and trillion-dollar bailouts despite having sent much of its tax base offshore and undermining the dollar and creditworthiness of...
.4% drop in the headline unemployment rate to 9%, yet only 36,000 non-farm payroll jobs were created? How can A happen when B occurs? It really makes no sense when the general consensus is that 150,000 non-farm payroll jobs needs to be added each
