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11 Rage-Inducing Facts About America’s Wildly Out-Of-Control Student Loan Debt Bubble

Authored by Michael Snyder via The Economic Collapse blog, Higher education has become one of the biggest money-making scams in America... We tell all of our...

Michael Moore Flashback: In Praise Of Venezuela

Authored by Mike Shedlock via MishTalk, "Oil for the People": Michael Moore is in praise of Chavez ending poverty in Venezuela. I captured that Tweet as an image in...

Americans Are Grilling More Steaks For Labor Day In The “Greatest Economy Ever”

As consumer confidence explodes to an 18-year high, not seen since the dot-com bubble, Americans feel like they have got more money. Despite negative real wage...

The Degrading Facts Of A Fake Money Hole In The Head

Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum, Squishy Fact Finding Mission Today we begin with the facts.  But not just the facts; the facts...

Just How Much Does America’s 1% Have In Savings?

According to a new analysis of Federal Reserve and FDIC data by Magnify Money, the median American household has around $11,700 in savings between bank accounts and retirement...

Global This Decoupling Has Never Been Greater

The divergence between financial conditions in the U.S. and Asia ex-Japan has got to extreme levels, according to the Bloomberg data. As Bloomberg's Ye Xie...

Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever

For the first time, FX traders are grappling with wilder swings from China than Europe. As Bloomberg notes, the offshore yuan has been more volatile than the euro all...

Elizabeth Warren’s Plan To Nationalize Corporations

Authored by Jeffrey Harding via An Independent Mind blog, Current events have revealed that Ayn Rand’s novel Atlas Shrugged is not just fiction, but almost a prophesy....

Monetary Stimulus Does Not Work. The Evidence Is In…

Authored by Daniel Lacalle via dlacalle.com, In a report called “A report card for unconventional monetary policy,” Deutsche Bank has analyzed the impact on the economy of...

China’s Building-Boom Hits A Wall As Shadow-Banking System Collapses

Beijing wants to shore up growth without inundating the economy with cheap credit. But, as WSJ's Walter Russell Mead pointed out previously, it's not easy... Chinese...

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