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Lots of Weak Economic Data Today


The latest economic reports show a slowing in the U.S. economy that “experts” had failed to see coming. Today, the National Association of Realtors released their report on the sales of existing homes. The number of previously-owned homes that sold dropped 3.3% where analysts had expected a slight increase. Unemployment filings increased more than expected last week according to a report released ...

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Deflation – but not why some say

The U.S. economy is beginning to swirl around the drain as a catastrophic bout of deflation may be rearing it’s ugly head. But it’s not due to Americans’ unwillingness to spend. CNBC’s Alex Rosenberg surmises that the coming deflationary spiral is a failure of the fed’s policies to get Americans to spend more: This despite years of ultra-loose monetary policy, which ...

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The Secret Bank of England

With the enactment of the privately owned central bank, the Bank of England provided the model for the financial enslavement of governments, and their citizens. Well before the conflict for establishing a National Bank in America or the eventual surrender to the money changers with the betrayal in instituting the Federal Reserve, the history of the Bank of England needs ...

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What is the Trans-Pacific Partnership?


While the Trans-Pacific Partnership (TPP) has been in the works for a decade, only recently has it become front-page news. What is it about the TPP that so many find objectionable? What is the TPP trying to accomplish? The TPP has been negotiated in near-secrecy for a decade so its exact aims are difficult to discern. Some key objectives have ...

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Retirement is Just a Dream

Retirement “Just a Dream” for Many 6 out of 10 believe they’ll never see a social security check WASHINGTON, DC, May 8 – America’s workers are too busy looking for jobs to think much about the prospects of retiring. One of the longest, slowest and weakest post-recession recoveries has decimated the work force. Record numbers of people have stopped looking ...

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Wholesale Inventories and Sales Miss Expectations

The Commerce Department reported today that wholesale inventory growth is slowing and that wholesale sales have dropped yet again. Wholesalers are the folks that sell stuff to the retailers that sell stuff to every day Americans. When consumers buy more stuff, retailers buy more stuff from wholesalers and the wholesalers then buy more stuff and increase their inventories – that’s not ...

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April Employment Report: Jobs Situation Still Sucks


The Bureau of Labor Statistics released their Employment Situation Report for April and there was no good news in it – at all. The report pushed to the headline the usual artfully constructed numbers – last months job creation and the unemployment rate. Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at ...

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ADP: April Showed Slowest Hiring in Last 18 Months


Payroll processor ADP reported that companies hired at the slowest rate in the last 18 months. Hardest hit were manufacturing jobs. More than 10,000 jobs were lost in the sector. Losses are attributed to a strong dollar making American goods too expensive overseas and to cuts in oil and gas drilling in the U.S. ADP said that businesses added just ...

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Greece Considers Cash Withdrawal Tax – Could it Happen Here?


Greece has revealed it is to introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Let that sink-in. The government is taxing people if they choose to withdraw their own money! Greek citizens were taxed when they made the money. They got taxed on any ...

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Americans Lose Hope for Economic Rebound

consumer confidence

A new Gallup survey shows that consumers are losing confidence in the economy at an accelerating rate. Gallup’s U.S. Economic Confidence Index was -9 for the week ending May 3 — its lowest weekly score since December. This reflects a six-point decline from the previous week, and is the largest week-to-week drop since last July. The survey looks at how people ...

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Mortgage Rates Show Little Change

NEW YORK, April 23, 2015 /PRNewswire/ — Fixed mortgage rates were unchanged this week, with the benchmark 30-year fixed mortgage rate remaining at 3.79 percent, according to’s weekly national survey. The 30-year fixed mortgage has an average of 0.2 discount and origination points. To see mortgage rates in your area, go to The average 15-year fixed mortgage also ...

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March Durable Goods Report Shows Slowing Economy

U.S. core capital goods orders, a measure of hard goods being ordered from manufacturers, fell again in March. So-called core orders excluding aircraft and military goods fell 0.5%. Shipments of core capital goods, a category used to help determine quarterly economic growth, dropped 0.4% in March February’s numbers were in the negative as well and combined with March could signal ...

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Congratulations! We’ve Managed to Repeat History – Greater Depression Incoming

Soup kitchen depression

With businesses struggling, a run on ATM’s, banks and other cash deposits, central bank calling back cash and every day people defaulting on every day credit – yeah, another global depression might be closer than thought. Americans are suddenly defaulting on their personal debt at an alarming rate. Heck, even the American icon Colt is considering some form of bankruptcy. Greece ...

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Is Colt Going Bankrupt?


**UPDATE – Colt has filed for Chapter 11 Bankruptcy as of 6/15/2015. The New York Times reported last week that legendary firearms manufacturer, Colt, is undergoing something that looks a lot like bankruptcy. Colt is considering two options to avoid running out of operating capital – a bond exchange and a prepacked bankruptcy. Existing bonds would be exchanged for new ...

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