Broader Measure of U.S. Unemployment Stands at 17.5%

Nov. 7, 2009 For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression. In all, more than one out of every six workers — 17.. » read more

When the Dollar Rallies, the Market will Crash

Nov. 4, 2009 Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing.. » read more

Oil Prices Tumble After US Unemployment Report

Nov. 6, 2009 NEW YORK (AP) -- Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2.. » read more

The Government Will Default on Its Debts

Nov. 2, 2009 The governments of every major nation are going to default on their debts. There are two relevant questions: (1) How? (2) When? Establishments around the world all deny this. They have gained power and wealth by means of the expansion of government. They have justified their success by insisting that the government-business alliance is the only way to establish economic growth and economic security for the masses.. » read more

What About a War on Poverty?

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Rush Limbaugh: Obama is Destroying the Economy - Parts 1-3

Nov. 4, 2009 PART 1:  http://www.youtube.com/watch?v=in1 AovV3zgU&videos=YW8BLFoBwBI& playnext_from=TL&playnext=1   PART 2:   http://www.youtube.. » read more

Shredding the official spin for real economic insight

----- Original Message ----- From: WorldNetDaily To: Bellringer Patrick Sent: Monday, November 02, 2009 12:06 PM Subject: Shredding the official spin for real economic insight Shredding official spin, happy headlines Economic forecasting author predicts big trouble ahead Click Here to Order Now WASHINGTON (Nov. 2) — Reports of a third-quarter spurt in the GDP sparked rounds of self-congratulatory backslapping at the White House and Congress and prompted a few economists to pronounce the recession ready for Last Rites. But a keener eye detects a tale that supports the jarring thesis put forth in The Return of the Great Depression—a new book by economic forecaster Vox Day. Recent reports show: Housing sales screeching to halt; Businesses smacking into credit blocks; Jobless rate tipping toward 10 percent; Massive sell-offs stifling Wall Street.   Published by WND Books, The Return of the Great Depression presents in sobering simplicity a frightening, data-supported economic prognosis that reads like a grim Freakomonics.. » read more

unique BIDWIN. com-- Lowest bid auction Brand Name Products

----- Original Message ----- From: CD To: bellringer Sent: Monday, November 02, 2009 5:43 PM Subject: Re: uniqueBidWin.com auctions where iPhone is sold for $7.07 ??????   Hello,  what do you think about the auction where prices go down .. where new BMW convertible is sold for $ 214.. » read more

Report: Cash for Clunkers a Huge Waste

Nov. 2, 2009 Cash for Clunkers clearly distorted the U.S. economic figures in an unsustainable way, according to The Business Insider, which cites a report from the Bureau of Economic Analysis that indicates GDP growth in the third quarter would have been 1.89 percent, not 3.. » read more

Ron Paul: Be Prepared for the Worst

Forbes October 31, 2009 The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession. I am  reminded of the outlook in 1930, when the experts were  certain that the worst of the Depression was over and that recovery was just around the corner.. » read more

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