The Bush Bust of '08
“It's All Downhill From Here, Folks”
By Mike Whitney
The FDIC has begun the “death watch” on the many banks which are currently drowning in their own red ink. Continue
The Demise of the American Middle Class
By Richard Backus
The high paying jobs created in Mexico under NAFTA, the whopping $3.50 per hour ones, are moving to China because even this princely wage level is much too generous according to U.S. businessmen. Continue
Wal-Mart's distress signal: The world's largest retailer leads a parade of sales misses in January, indicating trouble in the U.S. economy.
"Euros Accepted" signs pop up in New York City: Trade with personal dealer service.NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise.
Coming Collapse Of Intl Credit Ratings Agencies
Pound Falls After BoE Cuts Rates To 5.25%
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