Founded in 1921, May 31 is Radio Shack's last day for most of its stores.
"The system is disintegrating, and slapping a "reformist" coat of paint over the dryrot cannot renew the structural timbers that have rotted to their very core."
Peter Temin, the author of "The Vanishing Middle Class," explains how the US is moving towards two economies, one for the lower 80% and one for the upper 20%.
The Powers That Be are perfectly fine with your transition to proletarian debt-serf.
The rising asymmetry of rewards within our economy has many drivers.
"...what's called "socialism"--yes, Scandinavian-style socialism and its variants--is really nothing more than finance-capital state-cartel elitism..."
Ninety percent of Americans saw their income drop in a decade.
Atlanta FED GDP reading drops.
Nine years after 2008 and little to show for Fed policy except Donald Trump.
It's time to start planning for what we'll do when the current healthcare system implodes.
Interview on Ochelli Effect podcast.
Strip away the centralized power and prices would plummet.
Independent enterprises are a source of political and financial independence--and any independent class is dangerous to the ruling elites.
The future has been borrowed against for the elite games.
This is how stocks go up with no real economic growth.
"...let's see how cheap credit works in the real world."
These eight forces are pressuring the economy and profits.
An economy that only serves the prosperity of the protected top 5% is an economy doomed to rising inequality, stagnation and widespread social discontent.
How real estate can be targeted for tax soaking.
If you create and distribute money only in the apex of the wealth/power pyramid, it can only benefit the few rather than the many.
The experts have been wrong over and over again predicting economic booms.
Michael Hudson explains what is really wrong with the global economy.
Zero rates and QE money printing have created a sick global economy.
Bank bailouts and QE produces no real recovery.
Last year only a few stocks went up by the end of the year to lift the averages up. Now it seems only a few companies are even generating the bulk of profits.
Luxury retail stores now face not only competition from the internet but fewer customers interested in spending big books on shiny objects.
February's US manufacturing data showed another monthly shrink!
"For yet another quarter, American companies have taken a hit on their bottom lines."
Remember all of those zero rate loans and government help loans for GM and other big auto companies? Well look out now.
The oil recession is turning into a disaster for Texas.