5 Things To Ponder Over Thanksgiving

Submitted by Lance Roberts of STA Wealth Management, With the "inmates in charge of the asylum" during this holiday shortened trading week it seemed to be an apropriate opportunity to share a virtual cornucopia of topics to consider while enj… [...]

“This Is Really A Symbol Of What’s Going On In This Whole Country. We’re Losing Middle-Class Jobs”

We wish we could say we didn’t warn Boeing’s machinists about the key trend taking place in the US economy under the Obama “recovery” but unfortunately we did. Three years ago, to be specific, when we wrote: “Charting America’s Transformation To A Part… [...]

Government Is Largely Responsible for Soaring Inequality

  It's Not an Accident … It's Policy America is experiencing unprecedented inequality. And a who's who of prominent economists (and investors) say that inequality is hurting the economy. Defenders of the status quo pretend that this … [...]

On The ‘Obamacare Effect’; "Anecdote This," Dr. Furman

Submitted by F.F. Wiley of Cyniconomics blog, If you caught the NBC Nightly News segment last week about one of the unintended consequences of the Affordable Care Act (ACA), you’ve probably guessed where I’m going with this. For those who missed it… [...]

Guest Post: The Dead Weight Of Sluggish Global Growth

Submitted by PeakProsperity contributing editor Gregor Macdonald Global Slowdown The U.S. economy weakened appreciably in the first quarter of 2013. But what if this weakness persists into the second quarter just completed, and worsens still in the sec… [...]

Everyone’s Missing the Bigger Picture in the Reinhart-Rogoff Debate

You've heard that an incredibly influential economic paper by Reinhart and Rogoff (RR) – widely used to justify austerity – has been "busted" for "excel spreadsheet errors" and other flaws.   As Google Trends shows, there i… [...]

Cutting Corporate Welfare Queens Off from the Dole Would be the Best Way to Cut the Debt

Image by William Banzai In previous installments, we’ve noted that we could more than offset the need for the “sequestration” budget cuts by doing any one or combination of the following: Ending massive subsidies to the giant banks … [...]

Insane Levels of Inequality – Which Hurt the Economy – Are Skyrocketing

Preface: All capitalist systems have some inequality.  We don’t want to prevent all inequality … just economy-wrecking levels: Lawrence Katz, a Harvard economist, adds that some inequality is necessary to create incentives in a capita… [...]

Bush Was a Total Disaster … Obama Is WORSE

More Redistribution of Wealth to the Richest Sure, Bush made the rich richer. But Obama has actually redistributed wealth from the middle class to the very richest more than Bush. Specifically, income inequality has increased more under Obama than unde… [...]

Social Security – 2012 Results

      Social Security (SS) has released its estimates for the December data for benefits payed and taxes received. With this info, I can estimate the 2012 results that will be formally reported in five-months. It was a ho-hummer of a y… [...]