Real Wages Fall for Two Years Straight as “Transitory” Inflation Turns Stubborn By: Ryan McMaken The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, […]
Obama’s Failed Presidency BY: ERIC ZUESSE I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President. It’s true not just because of the sad realities such as that «Top […]
By William F. Jasper “Deutsche Bank: World’s most dangerous bank?” That’s the headline of an article yesterday by BBC business editor Simon Jack. “Deutsche Bank shares hit a new record low today. Its value has […]
By Dan Steinhart On April 10, 2006, Mexican authorities searched through a DC-9 jet at the airport in Ciudad del Carmen. They found more than five tons of cocaine … valued at more than […]
By Pam Martens and Russ Martens Why the Fed Will Crash the Economy If It Hikes Rates: In Three Charts If you’ve been scratching your head since the middle of last year as consumer confidence […]
By TLB Contributor: Dave Hodges One person wrote to me, recently, and innocently stated that his bank, Bank of America, could simply pay off their derivatives debt and that, in effect, there is nothing to […]
By TLB Contributor: Dave Hodges Last year, I was roundly criticized when I said the Cyprus scenario is coming here. I was told there would be a revolution if this happened and the government would […]
The government has propped up the big banks for years through massive, never-ending bailouts and subsidies. Bloomberg noted last year that 77% of JP Morgan’s net income comes from government subsidies. Bloomberg reported yesterday: What […]
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