Yellen expects Fed to raise key short-term interest rate this year
Fed moves to kill off American prosperity.
by Jon Hilsenrath

We Have Found Where The Gas Tax Cut Was Spent: Hookers, Drugs And Booze
Business potential was recognized quickly.
by Andrew Zatlin
You Know It's A Fiscal Crisis When... Republicans Raise Taxes
As a reminder, America’s state and local governments are going broke. In the most high profile example of what can happen when the fiscal nightmare rubber meets the ratings agency road since Detroit, Moody’s cut Chicago’s ratings to junk last week after the Illinois Supreme Court struck down a pension reform law that would have […]

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Railway Socialism and Safety
When you suppress the profit/loss system, people stop working for the sake of quality and endanger consumers.
by Louis Rouanet
Feds Spent $100 Billion on Food Assistance Last Year
109,930,090 Americans participated in overlapping programs.
by Elizabeth Harrington

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’
Outlook for the Greek banking system is negative.
by Michael Snyder
HSBC to charge for holding deposits
HSBC wrote to the banks that will be affected this week and will introduce the negative interest rates on August 1.
by Martin Arnold, Richard Milne


JC Penney loses another $167 million – Wall Street cheers
This loss now brings JC Penney’s cumulative loss since 2011 to, drum roll please, $3.5 BILLION.
by The Burning Platform

How GDP Metrics Distort Our View of the Economy
GDP is designed to advance the Keynesian agenda.
by Christopher P. Casey
Is The Dam Bursting?
The fact that these deficient economic estimates continue in April instead of the forecasted and pleaded rebound has raised more serious concerns even among those most loyal to the mainline tendencies. It is getting more difficult to deny that there is a major economic problem brewing, one which may already be rather severe despite the […]
by Jeffrey Snider

Kohl's Corporation Stock Price Tumbles 11%
Department Store’s Sales Hit By Harsh Winter Weather.
by Jessica Menton
Wholesale Deflation Strikes US Economy: April PPI Has Biggest Annual Drop In 5 Years
Wholesale deflation rages and countless charts are screaming recession.
by Zero Hedge

Connecticut's Novel Way to Kill Jobs and Tax Employers
The down side of mandated wages.
by Christopher J. O'Connell
7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak
Economy continues to crumble as feds say otherwise.
by Terence P. Jeffrey