ON AIR NOW
Click to Play
Bitcoin Cash: $ USD
UNEMPLOYMENT IN France rose to its highest level in a decade in the fourth quarter of 2009, new figures revealed yesterday. News that the jobless rate jumped to 10 per cent from 9.5 per cent in the third quarter comes as a blow to the ruling UMP par
Refuse To Bow To The Illegitimate Power Of The State
In a rare demonstration of efficiency in government, the White House offered an excuse well in advance of unemployment rate increases.
The “Great Recession” is over, so we're told. The light at the end of the tunnel is within our view, they say. However, facts and figures tell a different story. The light at the end of the tunnel may herald the arrival of the Greater Depression.
Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy.
There were 6,404 cattle thefts in Texas in 2008 and only 2,400 thefts in 2007, according to the Texas & Southwestern Cattle Raisers Association.
There is an old and apocryphal saying that "a good handgun is worth an ounce of gold" and it turns out to be true -- at least it has for the past 136 years. Because it is basically unchanged after 136 years of continuous production and because the
The large-scale government intervention in the economy is going to end badly. - I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner.
Day presents a fact-rich case, rooted in economic history and time-tested theory, in which he concludes that an economic contraction of very large proportions is presently developin
Nouriel Roubini believes that a "wall of liquidity" is chasing all kinds of assets, yet once the economy disappoints expectations, it will all come crashing down.
[Asked how he views it, Biden responded:] Well, it's a depression. It's a depression for millions of Americans, through no fault of their own.
The Cemetary is in foreclosure.
You probably heard that Nicu Harajchi - CEO of N1 Asset Management - told CNBC on Friday that we're heading into a full-blown depression. You may have heard that Paul Krugman said a couple of days ago that the collapse in global trade is worse tha
Good times will not be returning any time soon. We continue to lose jobs month over month. And, while the statistics being released are showing a slow down, this is basically a fabrication. There are thousands of people falling off of unemployment
This global recession will turn into a "full-blown depression," Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn't come down to Main Street.
Citibank and Goldman reported this morning and both put up what looked at first blush to be better-than-expected numbers.But both sold off in the premarket. Why? Put more generally, "there ain't no such thing as a free lunch", or TANSTAAFL. The "st
In this fascinating speech, economist Thomas Woods explains why you've never heard of the Depression of 1920. Because it was over within a year, as the government let it run its course.
At the FT, economist Thomas Palley goes metaphor crazy arguing that we're heading for a double dip, and that the possibility of a Second Great Depression should not be written off.
When Bloomberg runs articles like this, you have to wonder.... Oct. 12 (Bloomberg) -- Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two-quar
In this fascinating speech, economist Thomas Woods explains why you've never heard of the Depression of 1920. Because it was over within a year, as the government let it run its course.
A trends forecaster says the current economic "rebound" from last winter's Wall Street collapse of banks, insurance companies and automobile manufacturers is an artificial blip created by 'phantom money printed out of thin air backed by nothing."And
Yesterday was another exciting day on Wall Street. The Dow rose 131 points…and gold shot up $25 to a new record, $1043.Investors must be pondering the future. What will the future look like? No one knows.
Overnight, the U.S. dollar continued to fall against most Asian currencies, prompting a wave of foreign-exchange intervention by central banks. Things are really bad when the Philippines is propping up the dollar. The Philippines!
Monsanto is set to report earnings later this week, with Peter Schiff, Euro Pacific Capital and the Fast Money team. All the spending is still digging a bigger hole & we are do nothing to fill it. Don't be fooled be rising stock prices.US economy sti
Obama inherited a crisis, to be sure, but he has made it much worse. President Barack Obama may be remembered for permanent depression, the way that Leon Trotsky's name is linked with permanent revolution. Fiscal stimulus combined with near-zero inte
This post will discuss why we are in a depression, not a recession and what this means about likely future economic and investing paths.
Following up on the quick mention now that I have a story to cite from Amherst:
What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes – 2001-2007 – but not other times?
To get back to 5% unemployment in five years, we'd have to create 250,000 jobs a month. That's never happened before.
Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last year’s collapse was its minor version. 'SUPER DEPRESSION AHEAD"
