Tag Archive
authoritarianism bank bailouts bank failures Bank of America Ben Bernanke bonds capitalism cashless society China coronacrisis cryptocurrency deficit spending Donald Trump economic bubble economic collapse economic crisis economic denial economic news articles economic predictions economic recovery epocalypse euro crisis European Union great depression Greek crisis Hillary Clinton housing bubble housing market collapse hyperinflation immigrant labor inflation Iran nuclear crisis national debt oil prices quantitative easing quantitative tightening Reaganomics recession recession v depression Russia stock market sustainable economics The Federal Reserve the Great Recession unemployment
Retail Tales Tell a Sad Story about the Economy
December is supposed to be the month when retails sales flourish. Instead, retail sales came in way below expectations. Retailers were left with warehouses full of overstock, and this situation has been dragging on for about a year now with little sign that it is getting any better.
It’s Worse Than it Looks: Beneath the Surface the Bottom is Falling Out, and People are Jumping out of Windows
Surveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.
A Storm of Indicators Show the US Consumer Is Tapped Out
Zero Hedge lays out the widespread dishonesty (or lame stupidity) in mainstream financial media when glibly reporting things like sales increases as if they are actually positive during times when inflation is the sole reason for the rise in sales (because sales are measured in dollars and prices are soaring). While I’ll note that ZH […]
