China is in for some bad times over these next few years. After overextending themselves, creating bubbles and taking on too much debt, the world’s second-largest economy could be in for a severe correction, which could lead to a several-year economic crisis. To understand just how immense the nation’s debt bubble is, Torsten Slok, chief […]
Archives for May 2016
Report: Obama administration installs ‘new regulation every two hours and 24 minutes’
The United States federal government loves a few things: war, taxes and regulations. For the last few decades, Washington, whether it’s controlled by Republicans or Democrats, has expanded the tax code and the book of regulations. But it has really amplified under the current regime. According to a new report from the Competitive Enterprise Institute […]
Donald Trump claims real unemployment rate is 20%, vows to probe government economic stats
If you use data from John Williams’s Shadow Government Statistics then you could contend that the real unemployment rate in the United States is above 20 percent. This is much higher than the government touted five percent. You could take it one step further with the labor force participation rate, which stands around 63 percent. […]
‘Ultimate Bubble Signal’: Number of unsold $100 million homes could top 50 this year
Is the accumulation of unsold nine-figure homes “the ultimate bubble signal” and warning of a housing crash? The New York Times suggests it is. The newspaper reports that a record-high 27 properties worth at least $100 million are listed for sale. This is up from 19 in 2015 and roughly a dozen in 2014. If […]
Smackdown: Ron Paul warns Alex Jones that Donald Trump will be ‘champion of the executive order’
Infowars has unofficially transformed into an advocacy group of Donald Trump. Alex Jones and Co. have really gone fully behind the real estate billionaire mogul and now Republican nominee. It seems that Jones is trying to get prominent libertarians, like Ron Paul, to at least somewhat support Trump for president. But they aren’t having it, […]