by Nafeez Ahmed New scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis. A report by HSBC shows that contrary to the commonplace narrative in the industry, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked […]
by Steve Randall There was a drop in sales of new homes nationwide in January with a seasonally-adjusted rate of 593,000 units sold, down 7.8% year-over-year. Data from the HUD and Commerce Department shows that inventory of new homes was 301,000 in the month, a 6.1-month supply at the current sales pace. “The moderation in […]
Conservatism works, Imagine if it was implemented at 100%. President Trump’s Economy is Simply “On Fire”. Job numbers released today through the end of November show an increase of 2.2 million jobs since last years election and an unemployment rate of 4.1 percent. After the same period under Obama, (4.8) million jobs were lost and […]
By: Anne Wallace Allen Remember how the millennials were all moving to the city, eschewing automobiles and prompting apartment growth? Well, that generation – born in the 1980s and early 1990s – is growing up, and now they’re headed to the suburbs. And not just any suburbs, either – they’re looking for suburbs that offer a […]
Home prices continue to hit new peaks, but the overall housing market faces little or no risk of a collapse, housing analysts say. Several cities could be in a bubble, however. In a recent report, the Urban Institute named several cities where prices could be out-of-whack. These were metros that both ranked low in affordability, […]
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 […]
A new financial crisis is brewing in the emerging economies and it could hit “with a vengeance”, an influential group of central bankers has warned. Emerging markets such as China are showing the same signs that their economies are overheating as the US and the UK demonstrated before the financial crisis of 2007-08, according to […]
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 […]
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 […]
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 […]
