Consumer Spending Tumbles: BofA Blames Snow, Oil; Claims Its Models Are Right, Reality Is Wrong
We consider the “mysterious” case of the missing US spending.
Tag: Economic Crisis
Consumer Spending Tumbles: BofA Blames Snow, Oil; Claims Its Models Are Right, Reality Is Wrong
We consider the “mysterious” case of the missing US spending.
The Great Middle Class Extinction: “95% of New Homes Built for Rich or Poor”
It was the best of times, it was the worst of times all over again.
Repeat Foreclosures Triple Since Crisis
Now make up a startling 51%.
Repeat Foreclosures Triple Since Crisis
Now make up a startling 51%.
European Central Bank Launches Trillion-Euro Stimulus
“Bonds are bought from banks and other financial institutions using newly printed money…”
European Central Bank Launches Trillion-Euro Stimulus
“Bonds are bought from banks and other financial institutions using newly printed money…”
Private Enterprise versus Free Enterprise
Private enterprise is not necessarily free market.
Private Enterprise versus Free Enterprise
Private enterprise is not necessarily free market.
Why It Matters If the Dollar Is the Reserve Currency
The dollar’s foundation from which the term “reserve currency” originated no longer exists.
Washington Strips New York Fed’s Power
Secret ‘Triangle Document’ gives control of big-bank regulation to committee.
The Dark Side of the American Dream
The so-called American dream has been corrupted by ambitious politicians.
Alan Greenspan Warns Stocks Are “Without Doubt Extremely Overvalued”
Annual rate of increase in entitlements of 9% per year.
Understanding True Credit and False Credit
Without an increase in the pool of real savings, banks cannot create more credit.
US Factory Orders Drop For 6th Month In A Row – Worst Since Lehman
Something we have not seen since the great recession in 2008.