By Michael Snyder You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff is bought and sold and shipped around the country by trucks, railroads and planes. When more stuff is being bought and sold and shipped around the country, […]
Illegal immigrant households receive an average of $5,692 in federal welfare benefits every year, far more than the average “native” American household, at $4,431, according to a new report on the cost of immigration released Monday. The Center for Immigration Studies, in an analysis of federal cost figures, found that all immigrant-headed households — legal […]
By Michael Snyder Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, […]
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 […]
by Tyler Durden In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz:Goldman Sachs. Trump announced that […]
Australian entrepreneur Craig Wright identified himself to the BBC, The Economist and GQ Magazine as the inventor of the Bitcoin currency, under the alias name Satoshi Nakamoto. In order to prove he is the legitimate creator, Wright must provide technical proof to back up his claim using coins known to be owned by Bitcoin’s creator. […]
by Itamar Marcus This special report by Palestinian Media Watch reveals a major fraud by the Palestinian Authority, through which it is reaping more than a billion dollars in foreign aid yearly. In 2014, the PA announced that in order to continue receiving more than a billion dollars in financial support annually, it was acceding […]
(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 PETER FERRARA The American historical record is: The worse the recession, the stronger the recovery. Coming out of a recession, the economy has historically grown faster than normal as it catches up to its long-term economic growth trend line. So our economy should have come out of 2009 with a historic, long-term boom. However, […]
