ECONOMY

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ECONOMY

Unemployment Hits Six Week High After Missing Third Week In A Row

Initial unemployment claims have reversed their downward trend coming in higher than expected for the third week in a row and now sit at a six week high. Initial claims

ECONOMY

Secret Federal Bailout Saved Romney After He Ran Bankrupt

While the media spins the mythology of Mitt Romney’s great success in Business Rolling Stone has learned he led Bain into Financial Ruin and was rescued by a taxpayer bailout.

ECONOMY

As Bonds Are Proven Right Once Again, Is 400 The Next Stop For The S&P?

Time and again bonds have proven the irrational exuberance of the artificially manipulated stock markets and this time will be no different. Once again it seems Japan has a lot

ECONOMY

Global Manufacturing Data Indicates 80% Of The World Is Now In Contraction

The latest global manufacturing data shows that 80% of the economically significant economies across the globe are now in contraction. With the US closed today, the rest of the world

ECONOMY

EU’s Poorest Country Smacks Down Euro As Bulgaria Refuses To Join

Bulgaria shelves plans to join the Euro saying there is no benefit and only costs while questioning who they would have to bailout if they joined. If one needs a

ECONOMY

Will The Feds Worst Nightmare Come True?

Bernanke has called a full audit of the Fed his wost nightmare as legislation to do so has passed the house. Now a few Senators are holding out. Let’s change

ECONOMY

Chart Of The Day: 803 Years Of Global Inflation

A 803 year inflation timeline shows just a 10 fold increase prior to creation of the Fed and a 1000 times increase in the 100 years following. Spot the point

ECONOMY

In Greece, It’s The Police Vs The Riot Police

As unemployment goes from the sublime to the ridiculous in the troubled nation, Reuters is reporting that tensions are rising – even among the Police themselves. As unemployment (broad and

ECONOMY

Breakdown: Three Tons of Food Looted From Grocery Stores In Spain As Millions Struggle

As the economic fallout of the sovereign debt crisis spread through Europe Spain finds itself on the verge of all out food riots as millions struggle to survive. In Spain,

ECONOMY

Blue On Blue: Greek Police Face Off With Riot Police In Athens (PHOTOS)

Striking Greek policemen and other public workers continue to clash with riot police after blockading the riot police headquarters in Athens. RT – Striking Greek policemen have clashed with riot