The New American Austerity: Getting By with Less Debt and Less Money. In What Sectors are Americans Spending Less Money?
The Census Bureau reported on Wednesday that for the month of April retail sales came in at $337 billion, a decrease of 0.4 percent from the month before. The market reacted to this news and headed lower. If we pry into the data beyond the headline number, we will see that retail sales are actually […]
20,000 Americans Lose Their Job Each day but we Still Bailout Wall Street and Banks: 4 Charts Highlighting this Historical Financial Crisis. GDP, Inflation, Industrial Production, and Excess Reserves.
Four banks and one credit institution failed on Friday. This is now becoming a common Friday ritual. On February 13 four banks were also taken over by the FDIC. Multiple bank failures on one day are now growing in size. Yet the FDIC is quickly blazing through their insurance fund and soon, the taxpayer is […]
10 Charts Showing a Prolonged Global Recession: Credit Markets, Housing, and Equity Markets point to Lengthy Economic Contraction.
The IMF came out with a global report on the economy in October of 2008. Since that time, the global economy has deteriorated even further and the IMF has issued another report. I went ahead and looked at both documents and from what is presented, there is very little reason to believe we will see […]
24 Million Americans Unemployed or Working Part-time but Available for Full-time Work. Why This Recession Feels Much Worse to Average Americans.
During the height of the Great Depression in 1933 with unemployment hitting its peak, 13 million Americans found themselves out of a job. This translated to 1 out of every 4 workers in the civilian labor force. You may be wondering how is it that we have recently heard rumblings that this recession may have […]