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Economy

As stock markets skyrocketed to new highs, one particular asset remained off the radar of most investors. For the last several years, gold has been all but ignored by both Wall Street and Main Street. It’s been so bad, in fact, that many of the world’s leading gold producers are

When someone is right over and over and over, eventually people start paying attention. Personally, I have learned to tune out the “forecasts” of most “economic experts” out there. As an attorney, I was trained to be skeptical, and I have found that most forecasts about what the financial markets

We just got more evidence that the middle class in America is dying.  According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year.  Let that number sink in for a moment. 

When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down.  It is just basic economics.  Governments around

Before future-history brings us a dark and grim reality pitted against a killer Terminator robot army, humanity will have to face job killing robots. And that may be the bloodiest period of human history, after unemployment leads to riots, unrest and bitter aftermath scenarios play out as a consequence. Robotic

Thibaut Lepouttre is a highly educated and well-respected economist from Belgium. But unlike many of his counterparts who often tow the line of mainstream politicians and financial pundits, he’s not one to sugarcoat the seriousness of the current global economic, financial and monetary environment. According to Lepouttre, while the Federal Reserve

As the quarterly earnings season heats up we are seeing massive cracks in the global economy. Most recently mega-retailer Walmart announced flat-lining sales and say that they expect earnings per share to collapse as much as 12% next year citing higher employee costs and a bleak economic outlook. But financial

Now that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening. On Wednesday, shares of Wal-Mart experienced their largest single day decline in 27 years after an extremely disappointing earnings

The biggest bank in the western world has just come out and declared that the global economy is “already in a recession.”  According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent.  So

The people of the United States, misled by its politicians, and plundered by its financial institutions, are swimming in so much debt that no one will probably ever grasp the truly staggering amount — if indeed it can ever be fully calculated. Forget paying it all back; the Federal Reserve