by Wolf Richter American consumers are borrowing like never before to buy cars. It has been the reason why the US auto industry is intoxicated with its own exuberance. Last year, 16.5 million new vehicles were […]
STAFF NEWS & ANALYSIS Janet Yellen’s Advice to Rand Paul … Federal Reserve Chair Janet Yellen mostly succeeded in her attempt to be vague about Fed policy in her semiannual appearance before Congress on […]
By Greg Hunter On February 18, 2015 By Greg Hunter’s USAWatchdog.com Financial writer Andrew Hoffman says the debt problem in Greece will not have a happy ending. Hoffman contends, “More than half of Greek debt, everyone talks about […]
By Deidre Fulton Photo: Gyver Chang/flickr/cc New details about how HSBC bank helped tax evaders and money-launderers—from political figures to celebrities to arms dealers—conceal billions of dollars in assets have sparked international condemnation, from elected officials as well as public interest […]
By Michael Snyder Central banks lie. That is what they do. Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”. But on […]
By Mac Slavo Falling oil prices have been hammering the energy sector and crimping the one part of the American economy that was actually expanding. Instead, that momentum is shifting towards rapid market contraction and possible […]
By Frances Horodelski Click Here to Watch the Interview “Who is this cheap interest rate trend benefiting? It’s not the 1 percent, it’s the .01 percent…85 people have more dough than 3.5 billion people…The gap between […]
By The Automatic Earth Arthur Rothstein “Quack doctor, Pittsburgh, Pennsylvania” May 1938 Isn’t it fun to just watch the market numbers roll by from time to time as you go about your day, see Europe markets up […]
By The Automatic Earth Ben Shahn Quick lunch stand in Plain City, Ohio Aug 1938 Oil producer Russia hikes rates to 10.5% as the ruble continues to plunge, while fellow producer Norway does the opposite, and cuts […]
By Michael Snyder This article was originally published by Michael Snyder at the Economic Collapseblog. Editor’s Note: As Michael Snyder notes, JP Morgan Chase, Goldman Sachs, Citibank, Bank of America, Morgan Stanley, and plenty of others have manipulated the […]
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