Should the federal government be spending billions of dollars to pump up Walmart’s profits? I know that question sounds really bizarre, but unfortunately this is essentially what is happening. Because Walmart does not pay them enough money, hundreds of...
In addition to all of our wars in the Middle East and the war that has erupted on the streets of America, we are now engaged in a cyber war with North Korea and an economic war with Russia....
In the 1980’s Paul Krugman worked at the White House under Reagan. In later decades, he somewhat mysteriously acquired a left wing reputation for what he wrote (in particular for daring to oppose the Iraq War; that, in 2003,...
Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you...
If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all? I think that virtually...
The 8th largest economy on the entire planet is in a state of turmoil right now. The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent...
Senator Elizabeth Warren (Democrat, Massachusetts) is one of the couple of American politicians with a progressive mindset. She has criticized the latest government funding bill because it repeals part of Dodd-Frank (notice that the Democrats are still in power,...
Is this the start of the next major financial crisis? The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet. On June 16th, U.S. oil was trading at a price of...
Science is about what we know, for sure. Philosophy is about what we can guess.
History has been fruitful to the USA, so it should be repeated. Again and again, and again. Historians are viewed with suspicion, as soon as...
Did you know that 65 percent of all children in the United States live in a home that receives aid from the federal government? We live at a time when child poverty in America is exploding. Yes, the U.S....
It isn’t just the price of oil that is collapsing. The last time commodity prices were this low was during the immediate aftermath of the last financial crisis. The Bloomberg Commodity Index fell to 110.4571 on Monday – the...
Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street. Yes, lower gasoline prices are good news for the middle class....
If the quadrillion dollar derivatives bubble implodes, who should be stuck with the bill? Well, if the “too big to fail” banks have their way it will be you and I. Right now, lobbyists for the big Wall Street...
Austerity Is A Conspiracy By Those Who, Having All The Money, Want Us To Have None:
What do plutocrats want? In the common, all too restrictive sense of plutocracy as the “rule of money”, “plutocracy” is supposed to mean that...
Are we about to see U.S. stocks take a significant tumble? If you are looking for a “canary in the coal mine” for the U.S. stock market, just look at high yield bonds. In recent years, almost every single...
Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not...