The United States is still 6 million jobs shy of levels seen in December 2007, days before President Obama took office. As reported by Sarah Morgan, SmartMoney, The stock market has recovered its losses since hitting bottom three years ago today. But despite gains in employment during that same stretch, America is still down six million [...]
"Today, twenty-somethings are desperate for an economy that does something besides sit there and slumber." CNBC -MUST WATCH; under nine minutes. ?video=3000077329
Repeat after me: "Do you want fries with that, sir?" I think what Obama really said was "I hope you can learn to count change." The job rate among 18-24 year-olds is the worst level since 1948; only 54% have a job. Plus, wages are down for youth workers while they have risen marginally for [...]
Rep. Paul Ryan discusses the realities of our economic situation and the tricks/gimmicks being used to portray an incorrect (dishonest) picture of the future. Watch the latest video at video.foxnews.com
They're finally figuring it out. The Greek "bailout" deal, the terms of which seem ever-changing, includes "austerity" for the masses, but also includes this gem: From the New York Times, regarding Greece: Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, [...]
In a prominent article in yesterday's Richmond Times Dispatch (front page, above the fold), the paper reported that gasoline prices could reach $4 per gallon by June. The article went on and on about middle east tensions, "risk premium," "the Iran factor" and so on. Interestingly, the word "demand," as in "gasoline demand," appears only [...]
The Attorneys General of the states agreed to a "landmark" deal to "settle" mortgage fraud committed by major banks. In the "settlement," the banks agree to pay $40Billion. Financial Times is now reporting that (account required to read the full article), in a little-known and unreported aspect of that deal, up to $35 Billion of [...]
KingWorldNews audio interview with Jim Rickards: Fed likely to engage in "nominal GDP targeting," "Ben Bernanke and Tim Geithner are a greater threat to the national security of the United States and the value of the US Dollar than any adversary of the United States." Eighteen minutes. Click on this link to download and listen.
Step 1: Armageddon! In a speech in Washington Berlin, Treasury Secretary Paulson Lagarde warned that the US world economy was on the brink of tanks in the streets a "defining moment", adding: It is not about saving any one country or region. It is about saving the world from a downward economic spiral. How is [...]
14min video from Hot Air...
From KingWorldNews: Below are the last day of the year quotes for gold: 2000 -- $273.60 2001 -- $279.00 2002 -- $348.20 2003 -- $416.10 2004 -- $438.40 2005 -- $518.90 2006 -- $638.00 2007 -- $838.00 2008 -- $889.00 2009 -- $1096.50 2010 -- $1421.40 2011 -- $1566.80
If you watch bubblevision financial news, you might think that the stock market has been great this year. After all, the government deficit-spenders and Federal Reserve money-printers have been very busy trying desperately to prop up their phony baloney managed economy so that we all "keep believing." On these pages, we have repeatedly and sincerely [...]
