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Last week I was both surprised and pleased when the Supreme Court upheld lower court decisions requiring the Federal Reserve Bank to comply with requests for information made by Bloomberg under the Freedom of Information Act ("FOIA").
This week Max Keiser and co-host, Stacy Herbert, report on American household wealth declining by 23% while billionaires see their wealth rise by 25%.
On a year-over-year basis the number of people employed dropped by 125,000 yet we are supposed to believe things are getting better. From a jobs standpoint the best we can say is things are no longer getting worse.
BTW, Perry writes that these industries are facing extinction because of "Schumpeterian gales of creative destruction" and this is accurate, but many view Schumpterian's creative destruction as the beginning and end of entrepreneurship...
The estimate from the nonpartisan Congressional Budget Office says that if Obama's February budget submission is enacted into law it would produce deficits totaling $9.5 trillion over 10 years -- an average of almost $1 trillion a year.
Complexity researchers who study the behavior of stock markets may have identified a signal that precedes crashes.
Price inflation? Where?
The EU boot descends. And about time!
Gold or Uniformed Goons With Badges and Guns - Our Enemy, the Fed, Ron Paul on Bernanke's latest crime spree - Robert Reich as Lap Dancer, Bob Wenzel on the Keynesian's plan to co-opt the Tea Party - Nuclear and Economic Meltdown in Progress
Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent. These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than infl
As we reported before there are a few things people need to understand about unemployment. There are several different numbers that are not being reported to the general public – and frankly there is good reason. One thing: At the end of the
s previous research has shown, investors can often benefit from using a trend-following strategy - that is, buying or selling a stock based on the recent performance of other stocks (which is not necessarily based on any fundamental value). Mimicry i
London, England – The Dow up 95 points yesterday. Gold flat. “Investors start to fret over renewed threat of stagflation,” says a headline in today’s Financial Times. You remember stagflation from the ’70s. Prices rose. The economy didn’t. I
Meanwhile the completely phony “Birth/Death” model went from subtracting 339,000 jobs in their annual correction last month to adding 112,000 jobs this month. That is a 451,000 swing from one month to the next with just this model...
The Gallup organization dug into the statistics of the latest federal jobs report and came up with very disturbing numbers. Despite the fact that the major media outlets are trumpeting that the February 2011 national unemployment number has dropped t
44 Million Americans On Food Stamps and 10 Other Reasons Why The Economy Is Simply Not Getting Better
Self-Reliance, You need the ultimate manual, says Simon Black - Protocols of the Learned Elders of Arabia, Justin Raimondo on the latest neocon lie - Empire of Lies - The Revolution in Libya - Ben, Stop Depreciating the Dollar, Ron Paul schools Berna
At what point can one call the chart below parabolic? What can we say but BTFD, if you see one.
Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low.
The pension funds for state and local workers in the United States are understating the amount they will owe workers by $1.5 trillion or more, according to some economists who have studied the issue, meaning that the benefits are much costlier than m
On one hand we have the Department of Truth about to tell tomorrow that NFP based on various seasonal and birth death adjustments increased by 250,000. On the other hand, we have Gallup which actually does real time polling without a propaganda bias.
The US standard of living could drop 25 percent if the dollar loses its standing as the world's reserve currency, investor Sam Zell told CNBC.
Household income has not recovered above that, and if you use the CPI-U it shows that household income today is below where it was in 1973. Again, the average household has not been able to keep up here.
According to Challenger, layoffs spiked in February to an 11-month high. It was the first year over year increase since May 2009.
Employment is increasing eh? Hmmmm...... not according to the household survey. Not the claims of employers, but rather those of people doing the actual working.
As we all know, February is Black History Month. Have you ever wondered why there is no WHITE History Month? Or just AMERICAN History Month? Nah, I guess that would be considered RACIST, right? But, as I so often do, I digress. February is Black
The recent surge in oil prices is unlikely to have a big impact on the U.S. economy, but could lead to weaker growth and higher inflation if sustained, Federal Reserve Chairman Ben Bernanke said Tuesday.
This Pentagon-sponsored report claims financial terrorists have completed two of three steps to destroy the US economy.
Long time readers of DRScoundrels will remember some posts by our very good friend Kayte of sECULAR sTUPIDEST. sECULARsTUPIDEST.com is an extremely creative group that started out with terrific conservative bumper stickers and has expanded now int
It's Official: Personal Income Is At A Record, And Americans Are Returning To Work
