The most depressing chart showing US imports and exports in 2016 with top trading partners.
The manufacturing base has completely eroded in this country and one chart dramatically highlights this (shown later in the article). It is deeply disturbing that we now have as many people working in restaurants as waiters and bartenders as we do in manufacturing. This of course is for good reason given that you can’t export […]
The 4 Horsemen of the US Debt Apocalypse: 80 percent of federal government operation costs go to four areas in Health and Human Services, Social Security Administration, Veterans Affairs, and Department of Defense.
Here is a question you probably won’t find on Jeopardy: what is the actual risk of a U.S. default on its debt? The answer to that is none because the Federal Reserve has the magical power to create new debt to pay off old maturing debt. Must be nice to operate beyond the normal rules […]
The rise of the part-time and disposable employment army: Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.
The headline employment numbers present a glamorous picture of the economy but one that is not based on reality. After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low. And for a growing number of Americans those in […]
A recession is imminent: 5 charts signaling an oncoming recession. The market is overheated with debt and the public is anxious about the economy.
A recession is imminent and millions of Americans already live in an economy that feels like it never left the Great Recession. Low paying jobs seem to dominate this weak recovery. Younger Americans are realizing that they may not have it as good as the baby boomer generation where good paying jobs were plentiful and […]