Social Security to Drain “Trust” Fund Earlier Than Expected – A Preview of our Future When The Money Runs Out (North Korea)
April 23 (Bloomberg) — The Social Security program will exhaust its trust fund in 2035 and have to start reducing…
Geithner’s Gamble
Timothy Geithner, the US Treasury secretary, recently laid out his view of the nature of world economic growth and the…
Reprehensible Behavior a Cornerstone of its Business Model
Time for a rant. Although I (and many others) have long been critics of Wall Street’s incredibly sleazy, recklessly psychopathic,…
New Home Sales Down 7.1% – Housing Remains in the “House Latitudes”
April 24 (Bloomberg) By Lorraine Woellert — Sales of new U.S. homes fell in March to a pace that was…
The Road to Fiscal Crisis
America’s too-big-to-fail banks are well on their way to becoming too big to save. That point will be reached when…
North Dakota Leads the Country for Annual Growth in State Coincident Index at 10.7% Increase
The Philadelphia Federal Reserve released data today on state coincident indexes for March, and the booming, energy-rich North Dakota economy led…
Case-Shiller 20 City Down 3.5% YoY – The Limbo Rock Continues!
April 24 (Bloomberg) — Home prices in 20 U.S. cities dropped at a slower pace in February, pointing to stabilization…
Why You Should Care About Warren Buffett’s Prostate
Have you heard the news? Warren Buffett has been diagnosed with first stage prostate cancer.Buffett (aka, the “Sage of Omaha”)…
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