Is America Headed Toward Japanese-style Economic “Lost Decades”?
Just one week after James Bullard of the St. Louis branch of the Federal Reserve Bank released his August 6 paper declaring that “the U.S. is closer to a Japanese-style outcome...
Economics
GDP Numbers Sink Again to +1.6% for Second Quarter
Real U.S. Gross Domestic Product increased at a far slower pace than previously reported, according to the U.S. Bureau of Economic Analysis (BEA), which reported that second quarter GDP increased at...
Killer Taxes on the Living and the Dead
Item: Treasury Secretary Timothy Geithner, as reported by AP/CBS on August 3, said that “it would be ‘deeply irresponsible’ for the Obama administration to support a wholesale extension of Bush-era tax...
Ron Paul Calls for Audit of U.S. Gold Reserves
In an exclusive interview with Kitco News, Congressman Ron Paul (R-Texas) revealed that next year at the start of the newly inaugurated 112th United States Congress, he would introduce a new...
How Bad Will the Economy Get?
More tough times lie ahead, according to a report on the state of the economy just released by the Congressional Budget Office (CBO). Unemployment is likely to remain high, not returning...
San Fran Fed Finds Another Recession Likely
The San Francisco Branch of the Federal Reserve Bank has found that the United States will more likely than not be dipping back into formal recession over the next two years, according to...
Consumer Prices Increase 0.3 Percent in July
The Department of Labor’s Bureau of Labor Statistics issued a news release on August 13 stating that the “Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in July...
IMF Report Promotes World Currency
An April report from the International Monetary Fund promoting a world central bank and a global fiat currency went totally undetected by the global press for months, but after a blog...
The Truth About the Paul Ryan/Paul Krugman Flap
The New York Times' leftist columnist Paul Krugman has garnered some headlines recently for attacking the House Republican alternative budget proposal, the so-called “Roadmap to America's Future,” and its author Paul...
Is America Headed Toward a Japanese-Style Economic “Lost Decades”
Just one week after James Bullard of the St. Louis branch of the Federal Reserve Bank released a paper declaring that “the U.S. is closer to a Japanese-style outcome today than...
CBO Warns of Greek-style U.S. Debt Crisis
The non-partisan Congressional Budget Office released its most dire warning yet of a looming U.S. debt crisis, openly comparing the U.S. budget situation to the Greek, Irish, and Argentinian debt crises...
Smelling a Rat at the IMF
“I smell a rat,” says Robert Wenzel, editor and publisher of EconomicPolicyJournal.com. The rodent whose odor Wenzel detects is the International Monetary Fund (IMF), which just issued a pair of reports...
Alternative Currencies Flourishing in Germany
Since the introduction of the European single currency, 23 different regional currencies have started circulating in Germany as people aim to revitalize local economies, lessen dependence on the euro, and challenge...
UN Steps Up Attack On Dollar, Calls for World Currency
After strong criticism of the U.S. dollar in recent weeks from world leaders, the United Nations added more pressure with yet another scathing report calling for a new international reserve currency...
CBO Labels Current U.S. Debt Path “Unsustainable”
The non-partisan U.S. Congressional Budget Office declared that the U.S. government is on an “unsustainable” path of accumulating debt in a new analysis entitled The Long-Term Budget Outlook. ...