Economy

(Bloomberg) – Obama Pays More Than Buffett as U.S. Risks AAA Rating (Update3)

The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama. Read More Here

(ZeroHedge) – Underemployment At Record 20% According To Gallup

Just in case anyone needed confirmation that the DOL data is just a little, how should we say it, cooked, here comes Gallup with their March 15 undermployment number, which just hit a 2010, and series, high of 20%. Read More Here

(NYTimes) – A Ruinous Meltdown

A story that is not getting nearly enough attention is the ruinous fiscal meltdown occurring in state after state, all across the country. Read More Here

Video: Gerald Celente Interview by Helen Skopis of Athens International Radio – Audio Link Here

(ZeroHedge) – “Passage Of The Healthcare Bill Means The Double-Dip Is Coming” – Market Insight From Permabull Jim Cramer Who Just Turned Bearish – Tyler Durden

Jim Cramer may be in hot water with the SEC over his theStreet.com, and he may be a mouthpiece for the biggest ponzi enabling organization the developed world has ever seen, however, he did have some interesting and spot-on observations on the just passed health care bill. In a nutshell, and for once we agree with Cramer, if futures are not limit down right now, it is because of the same bidding hand that has kept the market going straight up at a 30 degree angle for the past year. Read More Here

Predicting Worse Ahead from America’s Economic Crisis

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” Continue reading

A rising tide of social misery

Contrary to Obama administration and media claims about the recession “easing,” millions of working people in America are losing their jobs, earnings and health care benefits at an accelerating pace. Continue reading

MSM: The Economy Is Even Worse Than You Think

(WSJ) – The average length of unemployment is higher than it’s been since government began tracking the data in 1948. Continue reading