Economics gets interesting as the economy darkens while stocks bubble
Economic status reports grow more interesting as the data shows slowing while the stock market bubbles.
Tag: Economic Crisis
Oil drops after Yemen-inspired gains
Sank 63 cents to $58.56 a barrel in London midday deals.
UK’s biggest plastic milk bottle recycler on brink of collapse
Closed Loop Recycling admits company is nearing administration as it feels dual effects of oil price drop and supermarket price war.
The Opponents of Free Markets
Politicians stand in the way of innovation, which leads to prosperity.
Fed Now Sees Only 0.2% GDP Growth In Q1
Decline is only getting started.
Dow Jones Industrial Average Tumbles 200 Points As US Business Investment Wanes Ahead Of Earnings Season
U.S. businesses spent less on investment for a sixth straight month in February.
Federal Employees Collectively Owe Over $3.5 Billion in Taxes
“It is disconcerting that federal civilian employees owe more than one billion dollars in back taxes.”
Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, Creating 5th Largest Food Company In The World
“Significant synergy opportunities”: translation: thousands of layoffs imminent.
Just Another Tale from the Oligarch Recovery – $100 Million Homes Being Built on Spec
There’s your recovery suckers.
Orwell and Kafka Do America: How the Government Steals Your Money–”Legally,” Of Course
Your car and cash are guilty–and your house, too.
The Coming Robo-Depression, the Root of Civil Unrest
Is it decades or a few years away?
After The Fed Crushed The Middle Class, It Is Targeting The American Family
One key observation: race matters far less than it did in decades past and class matters far more.
Existing Home Sales Miss (Again); Weather & “Unsuitably High Price Levels” Blamed
Following January’s disastrous dive in Existing Home Sales (which must be weather, right? Nope!) to a SAAR 4.82 million homes, February (with its even worse weather) saw a 4th month of missed expectations with a 4.88mm print against 4.90 mm expectations. As always, weather was blamed – which is odd given that the only drop […]
The Truth About the Gender Wage Gap
Never-married women make more than men.
The Next Move For The Fed: “Trial Balloning” QE4
A truly pointless game.