ECB Keeps Rates Unchanged, Deposit Facility Rate Stays Negative
“..interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.15%, 0.40% and -0.10% respectively..”
by Zero Hedge
(Another) Idiot Economist Says We Need "Major War" to Save the Economy
Preface: Two weeks ago, well-known economist Tyler Cowen (a professor at George Mason University) argued in the New York Times that wars – especially “major wars” -  are good for the economy. Cowen joins extremely influential economists like Paul Krugman and Martin Feldstein – and various talking heads – in promoting this idea. Also, many congressmen assume that cutting pork-barrel military spending would hurt their […]
by George Washington's blog

Why The Mainstream Fails To Understand Recessions
The boom is unsustainable.
by Hal Snarr
Since 1990, Real Rents Are Up 15% While Median Incomes Are Unchanged
Disposable income in America disappears.
by Zero Hedge

 Billionaire Tells Americans to Prepare For 'Financial Ruin'
Trump points out the downgrade of U.S. debt is inevitable.
by Newsmax
Interest On New Student Loans Rises By 20%
Starting July 1, all new loans for the 2013/2014 student year will increase from 3.86% to 4.66%, a 20% increase.
by Zero Hedge

17 Facts That Prove That The Quality Of Jobs In America Is Going Down The Drain
Do you wish that you had a better job? If so, you are not alone.
by Michael Snyder
Pension Agency Says Plans for 1.5 Million at Risk
Retirement plans covering roughly 1.5 million workers are severely underfunded.
by Tom Raum


Economy shrank 2.9percent in first quarter of 2014: steepest decline since Great Recession
Described as “temporary setback for the economy.”
by Daily Mail
Stocks close sharply lower, Dow drops 119 points
Nasdaq composite index also fell 18.32 points.
by Ed Brackett

One in Four Americans Has No Emergency Savings
Financial analyst: “People are not making progress.”
by Asma Ghribi
AAA: Iraq Civil War Pushing Up Gas Prices in US
In Maryland, AAA says gas prices are up 4 cents this week..
by CBS DC

Treasuries Go Down as Traders Do Not Trust Yellen Inflation View
“The market is voting with its feet and lifting rates because it doesn’t agree with Yellen’s conclusion on CPI,” says securities analyst.
by Catherine Strearns
Here's What I Recommend in the Stock Market: Zip, Zero, Nada
My own advice that I try to live is: invest in yourself, not Wall Street.
by Charles Hugh Smith

Social Security Office Closures Irk Retirees
SSA has also closed 533 temporary mobile offices, according to the Senate report.
by Elizabeth O'Brien
Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else
Have you noticed that prices are going up rapidly? If so, you are certainly not alone.
by Michael Snyder