“If you repeat a lie often enough, people will believe it.” Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy. They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the […] Continue reading →
Uncertainty now represents the biggest problem plaguing the economy, says former Federal Reserve Chairman Alan Greenspan. While the Fed’s massive easing program has stabilized much of the economy, “the issue goes beyond that, because, even though we have very major expansion of the balance sheets, it has not essentially spilled over in lending by commercial […] Continue reading →
One of the three Americans who won this year’s Nobel prize for economics said bloated public deficits on both sides of the Atlantic meant that recession remained a real risk for 2014. Eugene Fama, who shares this year’s 8 million crown ($1.2 million) prize with Robert Shiller and Lars Peter Hansen, said on Saturday that […] Continue reading →
Britney Logan, The economic illiteracy that consistently comes out of the White House is both mesmerizing and infuriating. Their Thanksgiving message to the public this year was no different. “When you sit down to Thanksgiving this year, remember this,” they encourage. Food stamps are “boosting the economy right now.” This is asinine. Government assistance does […] Continue reading →
John Ransom, In the “bad news is good news” economy that’s at the root of Obamanomics, the market has been rattled the last few days by signs that the economy is finally, again…did I say finally, again?… growing. Well at least that’s the story THIS week. I stopped counting the number of times that economy […] Continue reading →
A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November. The Fed said seven of its 12 banking districts described growth as moderate. Four — Philadelphia, Chicago, Kansas City and San Francisco — said growth was […] Continue reading →
Comedian Louis C.K. does a great skit showing how oblivious we are when complaining about our lives Every month, the Philadelphia branch of the Federal Reserve publishes a look at coincident economic indicators by each state to show which states are thriving and which are now. The good news is that over the past quarter, the […] Continue reading →
According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years. In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before the last presidential election. What you are about to read is […] Continue reading →
The economies of 119 U.S. metropolitan areas likely either declined or were flat this year, compared to only 73 areas where the local economies sputtered in 2012, according to a report released by the U.S. Conference of Mayors on Monday. Many more metropolitan areas probably had some economic growth in 2013, the group of mayors […] Continue reading →
Moody’s Investors Service cut its ratings on four of the biggest U.S. banks after deciding the government would be less likely to help them repay creditors in a crisis. Morgan Stanley (MS), Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM) and Bank of New York Mellon Corp. had their senior holding company ratings […] Continue reading →
Michael SnyderEconomic Collapse Did you know that the Obama administration is negotiating a super secret “trade agreement” that is so sensitive that he isn’t even allowing members of Congress to see it? The Trans-Pacific Partnership is being called the “NAFTA of the Pacific” and “NAFTA on steroids”, but the truth is that it is so […] Continue reading →
Janet Yellen says the economy has regained ground lost to the deepest recession since the 1930s. But she says unemployment remains too high at 7.3 percent and notes that the Fed is still trying to accelerate the economy’s recovery. In testimony prepared for her confirmation hearing Thursday, Yellen said the economy is still performing far […] Continue reading →
Daniel J. Mitchell The Department of Labor has issued its monthly employment report and the item that will attract the most attention is that the unemployment rate marginally increased to 7.3 percent. That number is worthy of some attention, but I think it distracts attention from a far more important set of data. What we […] Continue reading →
Global stock markets were mostly weaker Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus. Major European benchmarks were muted in early trading. Britain’s FTSE 100 fell 0.3 percent to 6,724.16 and France’s CAC-40 added 0.1 percent to 4,290.43. […] Continue reading →
Austin Hill Tumultuous economy? What tumultuous economy? If you’re in one of America’s wealth creation epicenters – Seattle, Boston, Dallas or D.C. as examples – you might not be feeling the brunt of a brutal labor market. But most of us are keenly aware of the lack of job creation. There seems to be no […] Continue reading →