The previous three death crosses have produced sharp losses A rare “death cross” appeared Tuesday in the chart of the Dow Jones Industrial Average, suggesting the stock market may have already begun a new long-term downtrend. Although chart watchers have seen the bearish technical pattern coming for some time, it can still send a chill […]
Paul Craig Roberts Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment report was […]
Michael Snyder The Economic Collapse Is this the end of the last great run for the U.S. stock market? Are we witnessing classic “peaking behavior” that is similar to what occurred just before other major stock market crashes? Throughout 2014 and for the early stages of 2015, stocks have been on quite a tear. Even […]
By A. Gary Shilling U.S. housing activity remains weak despite six years of federal government aid, strong interest from overseas buyers, rock-bottom interest rates and massive purchases of mortgage bonds by the Federal Reserve. Does this mean housing may never spring back to its pre-recession levels? Many signs point to yes. Don’t blame the Chinese, […]
Bill Dallas, whose last two subprime lenders went bust during the global credit crunch, pledges to get it right this time around. Dallas, 58, plans to offer the loans through his new company, NewLeaf Lending in Calabasas, California, this year. He’s one of a growing number of executives striving to resuscitate the market, which six […]
Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. While this may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan. It’s not […]
Americans are worried about the “fiscal cliff,” which is when tax cuts expire under Obama and spending cuts are set to go into effect at the end of the year. Fearing an increase in capital gains and dividend taxes under Obama, many Americans are unloading stocks, businesses and homes before the end of the year. […]
Top officials willfully concealed the true extent of the 2008-’09 bailouts from Congress and the public. We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages […]
By B Lopiccolo In the past few weeks Americans have watched with interest, bemusement and anger as protests and sit-ins on Wall Street have sparked similar demonstrations around the country. With vague goals of combating corporate greed and calls to rectify all manner of social and economic inequality, this movement seems, to the press at […]
The Occupy Wall Street movement is no stranger to controversy. The protests have drawn extremists and radicals of various stripes, from labor union members, to far-left Democrats, and members of various communist and socialist movements. As reportedearlier by The New American, the movement has even been home to several high-profile anti-Semites, who, like their statist intellectual heroes […]
