Fannie/Freddie Bailout May Reach 1 Trillion
Just when Americans thought that the bailouts were over, Bloomberg Financial News service reported on June 13 that the final tab for Fannie...
Markets
Fed Manipulations in the Crosshairs
Before the economic meltdown was in full swing, a Florida real-estate developer named William Pitts correctly read the signs pointing toward tough times...
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Economic Forecast: Summer of Discontent
After six straight months of gains in consumer spending the April numbers showed no change from March, according to the Commerce Department. This...
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Mortgage Defaults Increasing
According to the New York Times, “A growing number of the people whose homes are in foreclosure are refusing to slink away in...
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Top Banks Conspired to Defraud Taxpayers
More than a dozen top American banks were involved in a conspiracy to swindle taxpayers by rigging auctions in the $2.8 trillion municipal...
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Dow Theory’s Russell Says Major Crash Coming
The day after the “flash crash” in the stock market on May 6th, Richard Russell, the octogenarian author of the Dow Theory Letters,...
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Manipulation of Precious-metals Market Under Fire
The banking cartel’s manipulation of supposedly “free” markets is coming under increasing fire as a broad coalition of activists, legislators, and non-profit groups...
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Finance ‘Regulatory Reform’ Would Extend to Main Street
"Congress is to be applauded for tackling financial regulatory reform," wrote U.S. Chamber of Commerce president Thomas J. Donahue in an op-ed piece...
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Making a Disaster National: Massachusetts’ Romney-care v. Obama-care
With all the alarm by Republicans on the “right” over Obama-care, Americans should take a closer look at Massachusetts' health care legislation. The...
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Strategic Defaults: Morality vs. Reality
According to RealtyTrac, nearly 3 million foreclosures were filed in 2009. And with almost 10 percent of all mortgages now delinquent nationally, those...
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Senate Passes 15 Billion ‘Jobs’ Bill
As President Barack Obama’s jobless “recovery” is showing more and more signs of being no recovery at all, the Senate has voted another...
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Rosenberg Sees China Causing Gold to Hit $2,600
Gold has recently topped the $1,200 per ounce mark, but analyst David Rosenberg sees it going as high as $2,623 per ounce in...
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Gold Hits New Record High, Skirts $1,200/oz.
The weakening dollar propelled gold prices in American markets almost to $1,200 an ounce Tuesday morning, Reuters reported. U.S. gold futures for February...
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GDP Numbers Revised Downward to 2.8 percent for Third Quarter
The U.S. economy grew slower in the third quarter of the year than initially forecast according to the U.S. Bureau of Economic Analysis...
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GDP Increases 3.5% in Third Quarter, Fueled by “Cash for Clunkers”
The U.S. economy grew at a better-than-expected 3.5 percent annualized rate in the third quarter, according to an “advance estimate” released by the...
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