US DEPARTMENT OF LABOR NOW REDUCED TO SOVIET... →
by SIMON BLACK February 6th, 2012 In one of the most shamefully disingenuous reports we’ve seen in years, the US Labor Department released the latest employment figures on Friday showing that the headline US unemployment rate had fallen to 8.3%. Champagne and sound bites were pre-positioned in Washington as the self-congratulatory praise flowed like the bubbly. President Obama, beaming...
Mainstream Media Keeps Putting Lipstick on Pig... →
By Greg Hunter’s USAWatchdog.com 1 FEBRUARY 2012 If you only got your news from the mainstream media (MSM), it’s easy to understand whyso many people think the economy is not all that bad. For example, yesterday, I heard the “R” word a lot. No, I am not talking about recession but “recovery.” This is preposterous when you consider the latest report from the Case-Shiller Home Price Index...
US HOUSING STILL WEAK. IN OTHER NEWS, THE SKY IS... →
by SIMON BLACK February 1st, 2012 The latest Case-Shiller numbers released yesterday showed that the US residential housing market is still very weak. After three straight months of declines, home prices are now at 2003 levels. Duh. To some, it was a shocking revelation. The pundits I saw discussing it yesterday practically had a seizure they were in such disbelief. CNBC even ran an...
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The Perniciousness of ZIRP →
by Gonzalo Lira WEDNESDAY, FEBRUARY 1, 2012 This is the problem Ben Bernanke and the Federal Reserve currently have—and it’s their own stupid fault: They have promised to maintain interest rates at effectively 0% until at least the end of 2014—they have in fact announced this zero interest-rate policy (ZIRP) as the hallmark of their strategy to reignite the economy— —but then they’re...