By Michael Snyder We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last […]
(ZEROHEDGE) The Census Bureau released its quarterly update on residential vacancies and homeownership for Q1 which is closely watched for its update of how many Americans own versus rent. It shows that following a modest pickup in the homeownership rate in the prior two quarters, US homeowners once again posted a substantial decline, sliding from 63.8% […]
By Michael Snyder Even the government is admitting that the U.S. economy is slowing down. On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016. This was lower than analysts were anticipating, and it marks the third time in a row that the GDP number […]
By Matthew Vadum The Left’s destructive push for a $15 an hour minimum wage threatens to make the American fast-food worker extinct while driving up the price of burgers and other dietary staples relied on by low-income consumers. It’s actually a highly effective job-creation program—for those who manufacture robots and the touch-screen point-of-sale terminals that […]
This is a very impressive interview of Republican Presidential candidate Ted Cruz on CNBC’s Squawk Box program. For those that would like to know more about Senator Cruz’s economic policy positions, this is a great interview to watch as Cruz displays his full understanding of what it takes to get our nation back to booming […]
Via DoctorHousingBubble.com, Americans are realizing something is wrong with the system. You can see it this year with the rise of outsiders in both political parties. People realize the system is rigged. Instead of some folks that kowtow and simply move forward like subservient lemmings, millions are mobilizing and taking action. Many are voting with […]
After years of progressive leftism in Venezuela it is self imploding. With some of the largest proven oil reserves in the world and they’re still broke. I wonder how South Korea manages to provide everyone with food, clothing, and shelter, not to mention both toilet paper AND cutting-edge cell phone service, seeing as their only natural […]
When she isn’t shipping in more Syrian refugees, or trying to find new ways to destroy the Greek economy, the German Chancellor Angela Merkel is fond of quoting an alarming statistic: Europe accounts for just 7pc of the world’s population, and 25pc of its GDP, and yet it also accounts for a massive 50pc of […]
By He Qinglian Will the Chinese economy have a hard landing? Absolutely not, according to Xu Shaoshi, director of China’s state economic planning agency. A hard landing of China’s economy is not a possibility, and neither is it possible that China’s slowdown will drag down the global economy, Xu said at a news conference during […]
U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. The 0.1 percent decline in purchases followed a revised 0.4 percent January decrease, Commerce Department figures showed Tuesday. Sales […]
