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While the US is tanking other countries are doing well. read more »
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An economist that predicted the credit/housing bubble burst explains how deflation will happen despite the Fed. His prediction is that we are at least 4-6 years from a bottom, wages will drop, along with high unemployment and tight credit. He doesn't say the word depression, but says everything else. read more »
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On the bright side, things can only get better? read more »
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A combination of global expansion and money printing to avoid today's economic pain has set us up for spiraling prices. Alpha strategy, folks, or watch as your dollars shrink. read more »
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It's not even a pit we have to dig ourselves out of anymore, now it's a chasm. read more »
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Besides gasoline, the Department of Energy calculates, there are 57 major uses of petroleum – everything from cosmetics to ballpoint pens, nylons, and even the waxes in chewing gum. read more »
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Gold futures closed at a new all-time high on Tuesday, soaring as high as $883.80 in intraday trading, as dollar weakness, rallying crude-oil prices and tensions between the United States and Iran boosted demand for the precious metal. read more »
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This article has a brief explanation of how debt was leveraged and insured, and why those insurers can't pay. The financial avalanche is just beginning. read more »
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Now's the time to get yourself into the body and fender shop if anything needs doing. Check insurance alternatives in case your job goes away. read more »
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Farmers are switching to corn and soy, making wheat scarce and expensive. read more »
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Biofuels + more meat demand from other countries + drought + bad harvests = famine. read more »
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There was a net loss of 63,000 jobs, which is the biggest decline since March 2003 and weaker than the revised 22,000 jobs lost in January. Economists had forecast a gain of 25,000 jobs read more »
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As the dollar drops, so does it's demand worldwide, as discussed in this article. read more »
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China has had a very nasty snowstorm, destroying crops and livestock as well as disrupting supplies and killing people (did Al Gore visit?). Expect food prices to skyrocket. China has lots of our money and a billion people to feed. read more »
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Farmers are doing very well right now, but increasing taxes and debt load are worrying older farmers that have gone through past downturns. read more »
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Many believe it is already here, yet the media still tries to spin it as it were not all that bad. read more »
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The housing bubble encouraged by the Fed after the stock bubble burst has a much bigger downside than bulls are admitting. Why can we avoid problems when Japan did the same thing, treated it the same, and has been in recession for the last 10 years? read more »
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