Economy

economy

8 Facts About American Inequality

  “...that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is


If A Few Ebola Cases Can Make The Stock Market Crash This Much, What Would A Full-Blown Pandemic Mean?

Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for?  At one point on Wednesday, the Dow was down a staggering 460 points.  It ultimately closed down just 173 points, but this was the fifth day in a row that the Dow has declined.  And of


12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

Most people that discuss the "economic collapse" focus on what is coming in the future.  And without a doubt, we are on the verge of some incredibly hard times.  But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the long-term economic collapse that we are


Crowning The Dragon: World's Top Economy

It was just a matter of time before China surpassed America as the world's leading economy based on purchasing power parity (PPP). It's an exchange rate between currencies measured by the cost of a representative basket of goods in one country v. another. Surprisingly, China's growth happened faster than experts expected. In 2011, IMF economists


9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

Is the stock market about to crash?  Hopefully not, and there definitely have been quite a few "false alarms" over the past few years.  But without a doubt we have been living through one of the greatest financial bubbles in U.S. history, and the markets are absolutely primed for a full-blown crash.  That doesn't mean


Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

In terms of purchasing power, China now has the largest economy on the entire planet, but that is not the only area where China has surpassed the United States.  China also accounts for more total global trade than the U.S. does, China consumes more energy than the U.S. does, and China now manufactures more goods


Serious Financial Trouble Is Erupting In Germany And Japan

There are some who believe that the next great financial crash will not begin in the United States.  Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too.  Time will tell if they are ultimately


Obama's Economy

Obama disgraces the office he holds. He exceeds the worst of his predecessors. His imperial foreign policy risks global war. His domestic anti-populist one transformed the world's richest economy into a house of cards. Thirdworldized. A dystopian backwater. So-called recovery is fake. It’s illusory. It doesn't exist. Protracted Main Street Depression conditions affect growing millions.


The Economic Implications Of A Potential Ebola Pandemic In The United States

For the moment, our top public health officials are quite adamant that there absolutely will not be a major Ebola outbreak in the United States.  But what if they are wrong?  Or what would happen if terrorists released a form of weaponized Ebola or weaponized smallpox in one of our major cities?  What would such


How Stable Is The Bond Market?

Seldom does the enormous bond market turn on the fate of a single trader. Well, the news that Bill Gross was leaving Pimco under suspicious circumstances did not go unnoticed. The WSJ writes: “The yield on the 10-year benchmark Treasury note was hovering around 2.506% immediately before the disclosure that Mr. Gross was leaving the


The U.S. Government Is Borrowing About 8 Trillion Dollars A Year

I know that headline sounds completely outrageous.  But it is actually true.  The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this.  When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. 


The Collapse Of The American Economy Has Begun

Susan Duclos  and Stefan Stanford recently interviewed “V” the Guerrilla Economist and the following information was revealed in this landmark interview: “The process of undermining the US dollar is well on schedule as well; more than 105 countries have decided that the dollar no longer works for them, joining Russia, China and other BRICS nations


Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs

For years, many people have suspected that the New York Fed is more or less controlled by the "too big to fail" banks.  Well, now we have smoking gun evidence that this is indeed the case.  A very brave lawyer named Carmen Segarra made a series of audio recordings while she was working for the


5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives

When is the U.S. banking system going to crash?  I can sum it up in three words.  Watch the derivatives.  It used to be only four, but now there are five "too big to fail" banks in the United States that each have more than 40 trillion dollars in exposure to derivatives.  Today, the U.S.


The Number One Thing That Women Are Looking For In A Husband

Is it looks?  Is it a charming personality?  Is it compatibility?  No, it isn’t any of those things.  According to a Pew Research Center study that was just released on Wednesday, “a steady job” is the number one thing that women are looking for in a husband.  And considering the fact that the labor force


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