An analysis of the actual, not seasonally manipulated and massaged unemployment claims data shows some deterioration in employment, week to week. Weakening employment data has…
On Friday, the yield on one-year Greek debt soared to 67%. Europe is demanding greater and greater austerity as a condition for additional bailouts, but austerity has already resulted in a depression for the people of Greece, and a loss of tax revenues…
Karl Marx is Hot
With things going the way they are, a lot of people are talking about big history in action, whether it’s the breakup of the Eurozone, or the simultaneous market/economic/political spasm happening in the US.
Today Paul Krugman rem…
WORST CASE – WAR
War is the worst thing that can happen to an economy, but it’s also the most likely thing at this point. When the going gets tough, the people in charge like to blame somebody else for the problem. That’s compounded by the f…
Whoa! This is getting interesting. Two major central banks are tightening – China and the ECB.
But nobody seems to care. These central banks are warning investors to sell their high-risk investments. Instead, gold hits new records! The dollar is …
Since he became mayor of Newark in 2006, Cory Booker has had to make cuts that previously seemed unthinkable.
Under his watch, the city closed libraries, imposed furloughs on employees and, late last year, laid off about 13 percent of its police f…
So much for “Buy a House…Then Buy Another”…..
The single biggest problem in the U.S. real estate market is simple: There are very few homebuyers.
That seems obvious, but the “buyers’ strike” has caused house prices to drop, along with an …
The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could spark more turmoil and uncertainty in a housing market already mired in depression.
The Supreme Judicial …
Something to think about…and worth a read
The way we at The Automatic Earth see it play out is that the entire house of cards will fall within 2-5 years, and, within that timeframe, sooner rather than later. While there can be any numbe…
WASHINGTON (MarketWatch) — The U.S. economy has made a lot of progress since the dark days of September 2008 — investors are happy, bankers are secure, markets are functioning and businesses are flush. No depression here.
…