Actual Unemployment Rate Is at ‘Great Depression Levels’

U.S. unemployment rates may officially be hovering around 9 percent but in reality, they’re up near the 20 percent levels around the time of the Great Depression, maybe even higher, ...

Should We Re-enact Glass-Steagall?

(Examiner) The repealing of the Glass-Steagall Act was heralded as one of the greatest bipartisan achievements of our time. It was passed by an overwhelming majority by both Democrats and ...

Obama’s Depression

By Stephen Lendman Chosen to serve power, not popular interests, Obama wrecked America’s economy to save giant Wall Street banks. He’s still doing it, despite claiming he’s been out in ...

No Rise in Home Prices Until 2020

Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday. The Survey conducted by the Professional ...

World is heading for ‘Great Stagnation’

There is a growing risk that the global economy will move from the ‘Great Recession’ into the ‘Great Stagnation’, according to economists at Goldman Sachs. By Angela Monaghan, Stagnations typically ...

Obama’s Jobs Plan is ‘a Complete Joke’

President Barack Obama’s recently unveiled $447 billion job-creating bill is “a complete joke” and won’t work because the economy needs less spending not more, says Marc Faber, editor of the ...

Unemployed Could Soar 40% to 35 Million

(MoneyNews) Economist and former Secretary of Labor Robert Reich says that unless the government takes swift and intelligent action, the number of unemployed could soar from 25 million to 35 ...

25 Signs That The Financial World Is About To Hit The Big Red Panic Button

(TheEconomicCollapse) Most of the worst financial panics in history have happened in the fall.  Just recall what happened in 1929, 1987 and 2008.  Well, September 2011 is about to begin ...

20 Signs That The World is Headed For Economic Apocalypse In 2012

If you thought that 2011 was a bad year for the world economy, just wait until you see what happens in 2012.  The U.S. and Europe are both dealing with ...

Five Ideas To Create Jobs That Are So Crazy They Might Just Work

With unemployment stuck above 9 percent, Washington is trying to “pivot to jobs” once again. And already the discussion feels tired. The White House’s much-hyped ideas don’t seem bold enough, ...