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FORTUNE — The Great Depression. Wall Street in 1987. Japan in 1997. Points of economic collapse are generally crystal clear in the rear-view mirror. Professional politicians in Japan have been telling stories for 20 years as to why they can prevent economic stagnation. In the US, the storytelling started in 2007. All the while, stock [...] Read Full Story

Richard Russell: “Robert believes that way to safety in a deflation is to have cash, and lots of it. My concern with this approach is that I question the safety of the US dollar (and all fiat money, for that matter). So in an all-out deflation, Robert Prechter will be sitting in all cash or US [...] Read Full Story

“Now that the US can’t cut interest rates any lower, the only option left on the table is what the Fed just announced it would start doing — buying Treasury debt. And that could lead the country to the brink of collapse: According to economists Carmen Reinhart & Ken Rogoff, whose views we share, crossing [...] Read Full Story

In Stockton, which had one of the highest foreclosure rates in the nation, the median home price of $100,500 is down from $397,000 at the height of the boom — a stunning 75% drop. Weston Ranch, the Stockton community where White lost his home, was one of the epicenters of the California housing [...] Read Full Story

No wonder our politicians will do or say ANYTHING to keep the PONZI going. SAYS IT ALL—– “This is flashing so bright red,” said Paul Ballew, senior vice president of Nationwide Insurance Co. “Roughly 60% of the population was ill-prepared (financially) before the meltdown.” A MetLife study released last week found that 50% of Americans said they have [...] Read Full Story

It will help put things in perspective. Note all figures are not seasonally adjusted. No one can dispute the raw, unbiased, nonpolitical spun FACTS of our problem. 2000 Exports: $781,918.0 Million – 2000 Imports: $1,218,022.6 Million = 2000 Trade Balance: $ -436,104.6 Million 2001 Exports: $729,100.6 Million – 2001 Imports: $1,140,998.1 Million = 2001 Trade Balance: $-411,897.5 [...] Read Full Story

Shall we analyze it? Now, for the meat of the matter (salmon, of course!). Yesterday the FED did it’s thing and sparked a big rally going into the close. The FED utterly failed, however, to exceed 1125 and especially to CLOSE ES above critical resistance at 1130. As my friend purache mentioned earlier this morning, I [...] Read Full Story

Michael Fleischer, the CEO of an 83-person company in New Jersey called Bogen Communications, reminds WSJ readers of all the various taxes and costs that come with hiring employees. The bottom line? Putting $44,000 in an employee’s pocket means paying her a salary of $59,000. This salary, meanwhile, actually costs the company $74,000.  And the [...] Read Full Story

” . . . Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. This gargantuan discrepancy between our “official” debt and our actual net indebtedness isn’t surprising. It reflects what economists call the labeling problem. Congress has been very careful over the [...] Read Full Story

Charlie Gasparino, who recently left CNBC not on the best of terms, and ever since has been casting stone after stone at his former megalith employer, was on the O’Reilly Factor earlier, confirming what everyone has known for a long, long time, namely that CNBC’s pro administration bias which appeared spontaneously and unexpectedly in early [...] Read Full Story