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
Obama Administration Issues 184 Major Rules Costing $80 Billion Annually
Number of major new regulations in Obama’s first six years is twice as many as in Bush’s first six years.
by Ali Meyer

Financial Experts Warn of Impending Economic Collapse
Governments dig in and prepare as economy continues slide.
by Mikael Thalen
Government Regulation and Economic Stagnation
Creeping regulations lead to economic slowdowns.
by Peter St. Onge


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
Gold Pushes Above $1,200 Following Downbeat U.S. Retail Sales
June Comex gold was last up $12.10 at $1,204.50 an ounce.
by Kitco

HSBC WARNS: The world economy faces a 'titanic problem'
Treasury yields have not risen, budget deficit not falling, welfare payments are on the rise.
by Akin Oyedele
Why China Is Taking Control of Physical Gold Pricing
“The paper market doesn’t count here. It knocks the market down.”
by Valentin Schmidt