While many experts were encouraged by the 4.1 percent economic growth reported for the third quarter, James Rickards, portfolio manager for the West Shore Real Asset Income Fund, wasn’t one of them. “There is good reason to believe that the economy is heading for another recession soon, rather than the more robust growth economists keep […]
If you have a job that involves building homes, buying homes, selling homes or that is in any way related to the mortgage industry, you might want to start searching for alternate employment. Seriously. Interest rates are starting to rise dramatically, and mortgage lenders such as Bank of America, Wells Fargo and JPMorgan Chase are […]
President Barack Obama has nominated Rep. Mel Watt to be Director of the Federal Housing Finance Agency. If his appointment is upheld, Watt may well lead America into another housing collapse. Watt is the Democratic Representative from the 12th district of North Carolina. He has been in Congress now for 20 years and is well versed in […]
The next Great Depression is already happening – it just hasn’t reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don’t get it. All the time people ask when the “economic collapse” is going to happen. Well, for ages there […]
Feeling poorer? Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department. It’s […]
Is our republic coming to an unceremonious end? History may not be on America’s side. Lawrence Lessig’s Republic Lost documents the corrosive effect of money on our political process. Lessig persuasively makes the case that we are witnessing the loss of our republican form of government, as politicians increasingly represent those who fund their campaigns, rather than […]
Investors worried that inflation and financial market turmoil will wipe out the value of their cash have poured money into gold over the past decade. Prices have gained almost 500 percent since 2001 compared to a 12 percent increase in MSCI’s world equity index. The card can also be used as an alternative method of […]
The middle class in the United States is being systematically destroyed, and nobody is doing much of anything to stop it. Our incomes are shrinking, our share of the income pie is at an all-time low, our jobs are being sent overseas, debt burdens have soared to unprecedented heights and millions of formerly middle class […]
Young voters formed the backbone of President Barack Obama’s coalition, but the recession in Obama’s economy has left “workers between the ages of 18 and 24 with the highest unemployment rate of all adults” and, as a result, a record number of young people–even those with college credits and work histories–are becoming homeless. They have […]
By Greg Hunter Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to […]
