A serious body of proof now exists that shows the next economic downturn is, in reality, already here. The U.S economy has stalled at an annualized rate of 0.2% and trade deficit figures of $51.4 billion for March, 2015, will subsequently downgrade the first quarter GDP results into the negative.(…)
Major U.S. retailers, including the likes of Office Depot, JCPenney and Macy’s, begin their preparations for a forthcoming economic downturn by planning the permanent closure of more than 6,000 store locations. One of these, Office Depot, intends to close 400 stores by 2016. With credit lines running out, increased housing(…)
In recent years, JP Morgan, one of the world’s most powerful banks, has dramatically increased its share of physical silver, which now totals a historic 55 million ounces. Furthermore, some silver analysts believe this figure may not accurately reflect the true extent of its ownership. So why is JP Morgan(…)
The Government Accountability Office (GAO) announced just days ago that the Department of Energy Loan Guarantee Program will leave taxpayers with costs of $2.2 billion, including $807 million for loans that have defaulted. Designed to encourage investment within green energy projects, five companies have already defaulted on their loans. Investigators(…)
Official figures released today by the U.S. Commerce Department show that the economy grew by a mere 0.2% during the first quarter of 2015. Additionally, this minimal rise was only achieved through increased personal consumption and private investment. US chief economist at Capital Economics, Paul Ashworth, described our economy’s performance(…)
Recent Department of Labor reports show that energy prices are rising six times as fast as employee’s hourly wages. Wages have increased an average of 2.2% in the last year, but, as of March, energy costs are rising at an annualized rate of 13.2%. If you see the problem with(…)
According to the Government Accountability Office (GAO), the U.S. government has fully addressed just 37% of recommendations that could be used to save money. While $20 billion has been saved in the last 5 years, “there’s plenty of money still left on the table,” said the GAO’s controller. If you(…)
For the third consecutive month, the official U.S. inflation rate rose 0.2%. This translates into 0.6% inflation since the beginning of 2015, without even accounting for cost increases in food and fuel. If you feel like you’re losing much more than 0.2% of your spending power each month, please Like(…)
If Congress reauthorizes Export-Import Bank funding, it would make U.S. taxpayers liable for $2 billion in an international version of corporate welfare. If you don’t want your tax dollars to be used to assist foreign companies, please Like & Share this post to let Congress know how you feel.
The U.S. Treasury Department has reported that the government has spent $1.86 trillion so far in fiscal year 2015. This is a 7% year-to-date increase. Additionally, the annual budget deficit is 6% higher today than it was on the same date in 2014. If you think government spending needs to(…)
