April 13, 2015 Santiago, Chile On March 16, 1936, the government of the United States published the very first edition of the Federal Register. President Roosevelt had been taking a lot of heat over the previous year; under his New Deal program, dozens of government agencies were passing new rules, regulations, and codes at an Read More
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IMF Trims Forecast for Global Economic Growth to 3.3 Percent The International Monetary Fund slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe. The IMF said Tuesday the global economy will grow 3.3 percent this year, one-tenth of a point below Read More
Richard Russell – People Are Going Broke & It Will Get Ugly – Telling Listeners to Buy Financial Insc.
At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned that he expects this ongoing crisis to get very ugly. The 60-year market veteran also included some very troubling guest commentaries warning that, sadly, people are simply going broke in the United States. Russell: “The market fooled me. I thought the Dow Read More
NEW YORK (CNNMoney) – Although the job market is improving, it’s still not strong enough to fully satisfy Federal Reserve Chair Janet Yellen. Wages are rising too slowly, and too few Americans are participating in the job market, she told senators on Tuesday. “Although the economy continues to improve, the recovery is not yet complete,” Read More
Monday, 14 Jul 2014 09:12 AM By Peter Morici Federal Reserve Chairman Janet Yellen will testify to Congress Tuesday and Wednesday about the economy and future Fed policy. We won’t learn much about either, because the Fed refuses to recognize the facts on the ground. Its policymaking committee recently stated inflation is below 2 percent. Read More
Thursday, 10 Jul 2014 – By Peter Morici Americans keep hoping for a robust recovery — one that delivers better-paying jobs and decent returns on retirement savings. Changes in technology and the economy may require that never happens, and government efforts to improve conditions often multiply the misery. In 1908, Henry Ford had a great idea Read More