An Italian radio program’s story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally…
Another day of lies has dawned on the markets. After being up close to 2% the market is now bleeding again with the S&P threatening to negative and the Nasdaq down into red territory. The culprit? The continuation of…
Eh, am I supposed to be impressed? In the week ending November 5, the advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week’s revised figure of 400,000. The 4-week moving average was…
What we are all watching unfold right now is a complete and total financial nightmare for Italy. Italian bond yields are soaring to incredibly dangerous levels, and now the yield curve for Italian bonds is turning upside down. So…
So now that Birmingham and surrounding areas are officially bankrupt, when will we see prosecutions of the banksters involved? Jefferson County, Alabama, commissioners voted 4-1 to file the largest U.S. municipal bankruptcy after reaching an impasse over concessions with holders…
