Karl Denninger of the Market Ticker says that the republicans learned nothing from the recent Massachusetts election: Bankruptcy “reform”, that left the common man chained to his debts, while big banks and other corporations use the bankruptcy court as a...
As was expected, the economy grew in the fourth quarter of 2009, with the Gross Domestic Product showing an an increase of 5.7%. Technically speaking, the recession could now be considered over because the economy experienced growth over two successive quarters: From...
We’re not sure which numbers mainstream economists are using to make their projections, but they seem to have generally missed their forecasts for the last several years. One economist in particular, however, uses real numbers based on the facts, and he says...
To follow up on our previous story of how retail sales might be up when the numbers come out later this month, we ask you to consider that there may be some other strange, perhaps improper, manipulations going on, as pointed out by Karl Denninger in Where’s My...
The Commerce Department is reporting that retail sales rose in November. Yahoo Finance: US Retail Sales Strong, Consumers More Confident: U.S. consumers stepped up their spending in November and grew more optimistic this month, data showed on Friday, raising hopes a...
The dollar has been decimated over the last six months as investors have piled into global stock markets. In hindsight, the risk seems to have been worth it, with stock markets in the US, China and Europe exceeding gains of 50% since the March 2009 lows. There has...