One Bear’s Prediction: Massive Market Selloff Coming
Hard-money investment manager Marc Faber predicts that markets could decline by 20 percent, perhaps more, as the economy faces the continued recession and...
Economy
American Manufacturing Loses Another Member
The graveyard of American businesses is receiving another occupant. Orwigsburg, Pennsylvania-based apparel manufacturer FesslerUSA, over 100 years old, is closing its doors. The...
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Layoffs Begin After Obama Reelected
Within hours of the reelection of President Barack Obama, American manufacturers and other employers announced massive layoffs. The reason: the high cost of...
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Dodd and Frank: The Dukes of Moral Hazard
According to the text of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, the law is supposed “to promote the financial...
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Goal of TPP: Free Trade Area of the Asia Pacific (FTAAP)
The goal of the secretive negotiations working out the TPP is the creation of a Free Trade Area of the Asia Pacific (FTAAP)...
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Tax Moves Being Dictated by the Fiscal Cliff
Small business owners, some of whom have spent their lifetimes building their businesses, are unloading them before the end of the year in...
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Looking Behind the Latest Jobs Report Numbers
Friday’s jobs report from the Bureau of Labor Statistics (BLS) stated that “total non-farm payroll employment increased by 171,000 in October, and the unemployment rate...
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Boston Fed Chairman Calls for More Inflation, Even If It Doesn’t Help Economy
Federal Reserve Bank of Boston President and CEO Eric S. Rosengren told a Babson College audience November 1 he favored the Federal Reserve...
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Agencies Set to Unleash Tsunami of Regulations after the Election
After learning that the White House had failed to enforce the law in order to protect President Obama’s reelection chances from potential negative...
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Preliminary GDP Report a “Nasty October Surprise”
The preliminary report from the Bureau of Economic Analysis on Friday about the nation's economic activity during the last quarter was called "a...
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Electric Car Battery Maker Goes Bankrupt Despite $500M in Subsidies
Another day, another subsidized “green energy” firm going bankrupt. This time it’s A123 Systems Inc., a Massachusetts-based manufacturer of batteries for electric cars...
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Making Sense of Friday’s Jobs Report
The Bureau of Labor Statistics (BLS) issued its latest jobs report on October 5 and confounded nearly everyone. The first part of the report, based...
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Portugal Plans to Cure Sick Economy With Big Tax Hikes
Portugal has announced big tax increases to solve its current sovereign debt crisis. Independent private analyst firms such as Fitch Rating, Standard & Poor’s, and...
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Bond Fund Manager Says Only Gold Will Survive the Coming Disaster
In his October newsletter to clients of Pacific Investment Management Company (PIMCO), founder Bill Gross summarized the coming disaster that faces the country,...
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Fed Chairman Admits His Economic Model Is Japanese Economic Stagnation
Federal Reserve Chairman Ben Bernanke said in an October 1 speech that his U.S. central bank would copy Japanese economic policy to get...
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