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Late last week the markets were shocked by a surprisingly bad May jobs report – the worst monthly report in nearly six years. The experts expected the US economy to add 160,000 jobs in May, but it turns out only 38,000 jobs were added. And to make
If you, or a loved one, have attended college in the last 20 years, then you know the cost of higher education is just that - higher.
Go to college, study hard, get a good paying job - that's the mantra heard by most students across America as they wind down their high school careers.
By embracing Super Glass-Steagall, Donald Trump could instantly leap to the left of Hillary on the cutting issue of Wall Street and the one percenters.
June 3, 2016. Today the Bureau of Labor Statistics announced that the US economy only created 38,000 new jobs in May and revised down by 59,000 jobs the previously reported gains in March and April.
Leaders face a no-win dilemma: any change, of course, will crash the system, but maintaining the current course will also crash the system.
Leaders face a no-win dilemma: any change, of course, will crash the system, but maintaining the current course will also crash the system.
Back in 2013, when David Rosenberg infamously flip-flopped from bear to bull on the "thesis" that everyone's wages (not just his), are about to rise, and that a jump in wage inflation would be the catalyst to unleash a broad economic recovery in the
Billionaire brothers Charles and David Koch have made plenty of good business decisions over the years. Placing millions of dollars with Ponzi-scheme mastermind Bernard Madoff may have been one of them.
The amount of debt globally yielding below zero has passed $10 trillion (£6.9 trillion) for the first time in history, thanks to a combination of "unconventional monetary policies, regulatory risk mitigation by banks, and a flight to safety in globa
As we write about the risks of our over-indebted economy, of our unsustainable fossil fuel-dependent energy policies, and our accelerating depletion of key resources, it's not a far leap to start worrying about the potential for a coming degradatio
Back in March, the former Fed chairman said that we're in trouble because "productivity is dead in the water, and real capital investment is way below average because business people are very uncertain about the future." Greenspan went on to add that
Over the last few weeks, the mainstream has been fixated on the prospect an interest rate hike. Janet Yellen insists the economic fundamentals will support a hike. Pundits keep talking about a "strong economy." But David Stockman recently appeare
According to the latest data from the US Bureau of Labor Statistics, almost 20% of Americans 65 and older are still working. That's the largest percentage of older Americans on the job since the early 1960s.
If you have been watching national and world events and have been thinking that there seems to be an excessive amount of turmoil around the globe, take heart -- sort of. According to a new survey, you're certainly not alone, which is the good news.
The world economy is in a fascinating period. It is an encouraging time for those hopeful about Bitcoin and other open blockchain-based systems, but many high-level decision-makers still must be persuaded of this technology's global impact.
The Federal Reserve did not see the financial crisis coming, even though there were apparent clues.
Peter appeared on CNBC's Fast Money and created a firestorm when he said he sees this as a repeat of what happened at the end of last year and suggested everybody knows the Fed is at the end of its tightening cycle.
The word "fascism" actually has a real meaning. The left misuses the word on a regular basis. They shout it as a slur against anyone they don't happen to like.
Just days ago, in the midst of the Puerto Rico debt morass, 24 members of Congress introduced the "No Bailouts for State, Territory, and Local Governments Act."
We are all originarios…
The Fed's Amazing Self-Fulfilling Forecast … The Federal Reserve's track record of economic forecasting is a lot better than many observers recognize. It might also offer some insight into the central bank's approach to managing the recovery.
Legendary bond billionaire Bill Gross has shifted from bullish to bearish on bonds, warning that the days of central bank dominance are nearly over. Is the financial day of reckoning coming faster than we think?
Today's WSJ opinion pages stayed away from the Journal's war mongering and is better for it. You will find pasted below my signature the following:
Though completely outside the realm of possibility for an entertained, well fed, and oblivious American public dependent on ever-growing debt to make ends meet, there are serious economic, financial and monetary headwinds set to flip the entire syste
In 2007, UPS dumped its pensioners into the Central States Pension Fund, a fund now destined for bankruptcy.
The U.S. is heading straight for a fiscal calamity in the next decade. Even if you believe the CBO's Rosy Scenario projections-----
Four Ways to Think About the Economy … I see four different schools of thought about how the economies of the U.S. and much of the developed world should be managed. The challenge for the Federal Reserve and other central bankers is that it's har
The only "growth" we're experiencing are the financial cancers of systemic risk and financialization's soaring wealth/income inequality.
