DC Incomes Soar While Most of Nation Struggles
Editor’s Note: ‘Something of a party’ in DC eh? Just remember, that party is on YOUR dime. More evidence that the ‘great divide’ continues in America. American incomes have tumbled over the last...
View ArticleAlan Greenspan: “Americans Being Pulled Apart in Ways Unrivaled Since 1929″
Editor’s Note: This guy ought to know; he presided over a key portion of this ‘pulling apart’. Job well done, ‘Maestro’; you served your masters well. Note also the blatant hypocrisy of many of his...
View ArticleThe Debt Party Continues – CNBC
Editor’s Note: It is funny how Americans have so little faith in a Congress that is only doing the same things US households and companies are doing. Read Mr. Rosenberg’s ‘analysis’ below – in bold....
View ArticleEconomic Stockholm Syndrome – Andy Sutton
Without getting into a dissertation on Stockholm syndrome, it can be summed up as a psychological condition where hostages come to have feelings of empathy and/or sympathy towards their captors,...
View Article“Lackluster” September Jobs Numbers Follow a Lackluster Solution on Debt
Editor’s Note: Even the mainstreamers aren’t happy about 148,000 jobs as they shouldn’t be. That is treading water at best. Incidentally, the CESBD model adjustment actually pulled jobs out of the...
View ArticleOver the Edge –‘Welfare’ Recipients Now Outnumber Full-Time Workers
Editor’s Note: And over we go… CNSNews.com) – Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month...
View ArticleThe Madness Continues – Andy Sutton
Now that another annoying gut check moment is safely in the rearview mirror, we can all get back to the business of filling the punch bowl yet another time. Yep, once again, we’ve proven ourselves to...
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Citigroup Predicts Greek Tragedy; Exacerbation in Italy and Spain – Ambrose...
Editor’s Note: I agree with Ambrose on this one; I merely pass along these ‘forecasts’. I don’t necessarily endorse them. I will say that it wouldn’t surprise me in the least if Citi were right on this...
View ArticleEurozone Unemployment Hits Record High
Editor’s Note: Get a load of the not-so-USFed’s comments that it might start trimming QE. What a JOKE. This is all part of the game. Keep printing, but keep saying you’re ready to stop at a moment’s...
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Wal-Mart Touts $98 TV in Weakest Holiday Season Since ’09?
Editor’s Note: I thought we had this blowout economic recovery going? This story, and the one following it, are a great example of the good cop/bad cop method of economic journalism so prevalent today....
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Cyprus/Poland Grab Makes First Appearance in America
Editor’s Note: The ‘experts’ who don’t see existing pensioners taking any cuts whatsoever.. I’m wondering if these are the same ‘experts’ who said the housing market was impermeable in 2006 and the...
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Philly Fed Misses Again – Employment and Capex Expectations Plunge
Editor’s Note: From Zerohedge.. Definitely the ‘good cop / bad cop’ routine with the Bernank and the Philly Fed among others. The economy is so good that we should go out and splurge on imported junk,...
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The Great Taper Caper – Andy Sutton
Let’s do a little flashback this week and then look at some things and try to make some sense of what happened yesterday as the Great Taper Caper unfolds. We go back to March 3rd, 2009. Ben Bernanke...
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Debtors Prisons Back in America for Fines, Fees, etc.
Editor’s Note: Neo-Feudalism here we come! As if out of a Charles Dickens novel, people struggling to pay overdue fines and fees associated with court costs for even the simplest traffic infractions...
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Retail Sales and Capital Investment – ZeroHedge
Editor’s Note: Bottom line, I wouldn’t count out the consumer yet, but to think that the consumer alone is going to be able to generate any type of consumption-driven economic recovery is becoming more...
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Bernanke’s Legacy Gains Steam – The Jobless Recovery
Editor’s Note: Closely related to other areas where they always tell you what they’re going to do, Bernanke’s pronouncement of a ‘jobless recovery’ in 2009 will be his legacy; his only correct call....
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China Surpasses US as Largest Trading Nation
Editor’s Note: Just another brick in the wall regarding the transition of power and wealth (intentional) from West to East. China became the world’s largest trading nation in 2013, overtaking the US in...
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Working Age Americans Represent Majority on Food Stamps for the First Time –...
Editor’s Note: How about that recovery, Ben?? Oh that’s right – you told us it would be jobless. That call will be your legacy. We’re going to make sure of it. When people ask me to describe the state...
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The Real State of the Union – Andy Sutton
Before anyone gets all bent out of shape, this is NOT going to be a political essay. To restate my position on the issue of politics, I couldn’t care less what group or party anyone belongs to, but...
View ArticleWhy the Dow is Really Dropping
Editor’s Note: This is all to do with protecting the all-precious bond market and petrodollar. Keep the 10-year around 3% and the Petrodollar lives a while longer than it would otherwise. Blowing up...
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