The US Economy Is Failing

Paul Craig Roberts Do the Wall Street Journal’s editorial page editors read their own newspaper? The frontpage headline story for the Labor Day weekend was “Low Wage Growth Challenges Fed.” Despite an alleged 4.4% unemployment rate, which is full employment, there is no real growth in wages. The front page story pointed out correctly that […]

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Another Housing Bubble?

Just prior to the economic collapse of 2007-2008 there were several economic indicators which could have given us a clue of the impending disaster. If we look at the economic situation today in the US, we find many of these very same indicators. Housing prices are getting very high. Credit card debt has begun to […]

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Trump Considering Withdrawing from NAFTA: How It Is Destroying The Economy

Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration.  Ross Perot warned that just the opposite would happen.  He warned that if NAFTA was implemented there would be a “giant sucking sound” as thousands of businesses and millions of […]

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The retail apocalypse has officially descended on America

Hayley Peterson Thousands of mall-based stores are shutting down in what’s fast becoming one of the biggest waves of retail closures in decades. More than 3,500 stores are expected to close in the next couple of months. Department stores like JCPenney, Macy’s, Sears, and Kmart are among the companies shutting down stores, along with middle-of-the-mall […]

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Gallup: Americans’ Confidence in Economy Reaches Monthly High in January

(CNSNews.com) – Americans’ confidence in the U.S. economy reached a nine-year high in January. Gallup’s U.S. Economic Confidence Index averaged +11 in January, the highest monthly average in Gallup’s nine-year trend, the pollster reported on Tuesday. In fact, Gallup said some of the three-day averages in January “marked new highs in Gallup’s tracking,” which began […]

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