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New GDP Numbers Strongest Signal Yet The Country Has "Hurtled Into Recession"

A day after the Federal Reserve slashed a key interest rate to battle an economic downturn, the government reported Thursday the economy did shrink i[...] read more »
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Dollar weakness continues

The U.S. dollar continued to weaken against other currencies Thursday as central banks worldwide stepped up efforts to forestall a global economic re[...] read more »
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GDP falls 0.3% in third quarter on dive in spending

The U.S. economy contracted at a 0.3% annualized rate in the third quarter, as consumer spending declined at the fastest rate in 28 years, the Commer[...] read more »
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Hedging the Rising Dollar

While the Dollar rally may ultimately prove beneficial to US consumers (due to cheaper imports), it is certainly not helping US-based multinational c[...] read more »
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I Was Wrong; Net Worth Doesn't Matter

For months, I obsessed over my net worth. Then a realization happened - net worth can't tell you your short-term financial health. read more »
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Gold May Rise to $5000 per Ounce

As the reality of inflation depletes the value of assets, investors are likely to turn to Gold to protect their wealth. read more »
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10 Hot Selling Items in a Recession

At the brink of a recession, consumers are cutting back on everything they can and trying to save what little money they have left. read more »
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Consumer Confidence Plunges, Dow Rises 900 Point

What is going on? The Dow rises 900 point on the day that consumer confidence plunges to its lowest level EVER? read more »
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10 Things That Will Happen On The Road Between Being In Debt And Being Debt Free

Just an attempt to inspire those who are ready to get out of debt. Rock on. read more »
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Larry Burkett Was Right

Larry Burkett wrote the book ‘The Coming Economic Earthquake’ in 1994, explaining that without a drastic change in direction, the US was headed for a[...] read more »
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Why Obama's Goal to Reduce Inequality Will Not Work

The goal to eliminate inequality is impossible to achieve by government intervention in trying to plan the economy, even when the goal is reduced to [...] read more »
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Prepare yourself for a 20-year bear market

If your financial security depends on the All Ordinaries surpassing its 1 November 2007 close of 6,854 any time soon, you might want to reconsider yo[...] read more »
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The Irrational Exuberance of the U.S. Dollar

However irrational the rise of the dollar may appear a rational grounding that is explainable in plain economics must be found. The irrational exuber[...] read more »
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Chrysler Cuts 25% of Salaried Staff

Chrysler is laying off a massive number of employees! 5,000+ are going to be axes. read more »
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