Economics

The American Dream Dissipates at Record Pace

Friday, January 30, 2015
By Paul Martin

by Wolf Richter WolfStreet.com January 30, 2015 Let them buy toxic, rent-based, synthetic structured securities. The housing market has been healed by the Fed’s bold actions, we’re told incessantly. We’re also told that the Fed is still keeping an eye on it because it might not be healed enough. Prices have soared over the... »

Chevron Slashes 23% Of PA Workforce As US Rig Count Collapses To June 2010 Lows

Friday, January 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/30/2015 For the 8th week in a row (something that hasn’t happened since June 2009), US total rig count plunged. This week’s 90 rig drop to 1543 is the largest so far (with oil rigs down 94 to 1223 – lowest since Jan 2013). The total rig count is now... »

“First The Deflation – Then The Inflation”

Friday, January 30, 2015
By Paul Martin

by Martin Armstrong ZeroHedge.com 01/30/2015 Again and again through history, first you have the massive deflation and then government is forced to debase the money supply that finally reverses the economy sending it into a inflationary spiral. The second phase is when gold will rise. But you first have the deflation (that we are... »

The 10th Man: Socialism Is Like a Nude Beach—Sounds Like a Great Idea Until You Get There

Friday, January 30, 2015
By Paul Martin

By Jared Dillian GoldSeek.com Friday, 30 January 2015 I’ve been following the activities of Syriza for a long time. They started putting up big numbers in the polls in Greece three or four years ago. Syriza has a message that’s very popular with Greeks: Screw Germany. The word they use to describe what’s happened... »

Greeks Turn to Gold on Bank Bail-in and Drachma Risks

Friday, January 30, 2015
By Paul Martin

By: GoldCore GoldSeek.com Friday, 30 January 2015 The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national... »

It Begins: Energy Giant Chevron Suspends Stock Buyback, Blames “Cash Flow Squeeze”

Friday, January 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/30/2015 It was less than 24 hours after we posted that either oil will double from here allowing energy companies to grow into a normal P/E multiple, or energy stocks will have to crash by over 40% for the ridiculous 23x to return to its normal, long-term average of 13.6x.... »

Thanks Obamacare: This Is What Americans Spent The Most Money On In Q4

Friday, January 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/30/2015 If readers need clarification on what was the primary source of spending-based “growth” for the US economy in the fourth quarter, the same source that bumped up final Q3 GDP from 3.9% to 5.0%, please ping us: we will gladly explain the chart below. And just in case it... »

U.S. Retail Sector Begins Massive Collapse

Friday, January 30, 2015
By Paul Martin

Jeff Nielson ZeroHedge.com 01/30/2015 The quick-and-easy way to categorize the retail sector of the U.S. economy would be to use the metaphor of “falling off a cliff”. However, such a characterization would be overly simplistic. A more accurate analogy would be to consider someone sliding halfway down the side of a mountain – and... »

X22 Report:Central Bankers Can’t Stop The Economic Collapse Instead They Will Cover It Up

Friday, January 30, 2015
By Paul Martin

The new Greek government finds no wireless or toilet paper in its residence. Russia responds to Greece, we will give financial aid if needed. Jobless claims decline dramatically.Pending homes sales implode. Central bankers pushing North American Union. Anti terror bill in England could undermine free speech. Ukraine video Nov 2013 warning the Ukraine government... »

Greece Slams EU Bailout-ers: “We Don’t Want The $7 Billion, We Want To Rethink The Whole Program”

Friday, January 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/30/2015 UPDATE: “CONSTRUCTIVE TALKS” are over: VAROUFAKIS SAYS WILL NOT ACCEPT SELF-PERPETUATING CRISIS As Eurogroup chief Jeroen Dijsselbloem (of “template” foot in mouth infamy) heads to Athens for talks today, Bloomberg reports the new Greek Finance Minister Yanis Varoufakis has a clear message for his European overlords of the past:... »

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