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The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter...
By Michael Snyder Even the government is admitting that the U.S. economy is slowing down. On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016....
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Booms, Busts, and the Boundaries of Economics
Jonathan Newman Steven Horwitz has written about the limits of Austrian Business Cycle Theory (ABCT). He outlines three limits of ABCT as he sees it: “[ABCT] tells us nothing about exactly when the...
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A collapse in South America places the U.S. in great danger
by Brandon Smith If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and...
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A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers...
By Michael Snyder Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this...
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The US Median Income Is Falling
Ryan McMaken Last weekend, John Crudele at the New York Post noticed, in an article titled “Americans haven’t gotten a raise in 16 years” that in spite of the current administration’s many claims of...
View ArticleGerman labour minister cuts social assistance to EU immigrants
By Martin Kreickenbaum New legislation seeks to deny social assistance and Hartz IV benefits to European immigrants who enter Germany to look for work. Minister of Labour and Social Affairs Andrea...
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A Currency War Battle That Europe and Japan Can’t Afford To Lose
BY JOHN RUBINO The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is...
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Unemployment Claims Spike Again As We Get More Scientific Evidence The Middle...
By Michael Snyder As the U.S. economy slows down, we would expect to start to see evidence of this in the employment numbers, and that is precisely what has begun to happen. During the week before...
View ArticleThe Destabilizing Consequences of Globalization
by Charles Hugh Smith It is not possible to coherently discuss the “New Normal” economy without discussing financialization–the substitution of credit expansion and speculation for productive...
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“Diversity at the Fed” and the Arena for Allowable Discourse
Jonathan Newman The Washington Post reported on the Democratic candidates’ proposals for changing the Federal Reserve. Clinton has recently announced “that the Fed needs to be more representative of...
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