by Mac Slavo | Jan 29, 2010 | Headline News, Karl Denninger
As was expected, the economy grew in the fourth quarter of 2009, with the Gross Domestic Product showing an an increase of 5.7%. Technically speaking, the recession could now be considered over because the economy experienced growth over two successive quarters: From...
by Mac Slavo | Jan 29, 2010 | Headline News
President Obama, in his State of the Union address, attempted to shore up support by telling the American people that the federal government has to be on a budget, just like the rest of us. The very next day, the Senate voted to approve an additional $1.9 trillion in...
by Mac Slavo | Jan 28, 2010 | Headline News
Consumers may have continued to shop this past holiday season, but much of the buying was done, as before, with credit created out of thin air. We are now learning that U.S. Retail Credit Card Defaults Hit Near-Record Levels with No Relief in Sight: U.S. consumers...
by Mac Slavo | Jan 28, 2010 | Tom of the North
Tom of the North gives us the first yearly State of the (Cardboard) Box address. Some highlights: During his State of the Union Address to Congress tonight, President Barack Obama informed us that he absolutely hated the bank bailouts. He knows that I hated them. He...
by Mac Slavo | Jan 28, 2010 | Headline News
*VIDEO INCLUDES STRONG LANGUAGE* The unions are starting to feel the pinch, as companies are now indicating that they can no longer make concessions. This means that either union membership has to give up some of their benefits and pay, or everyone gets canned. Via...
