Article Index
U.S. Economy

Three economic indicators I pay close attention to are all suggesting we are headed toward, or are already in, a recession. The first recession indicator is the employment data. For May, the Bureau of Labor Statistics reported that the U.S. economy added 38,000 jobs—the least amount of jobs…

Economy in Slow-Motion Financial Crisis Democrats have been taking victory laps the past few weeks, telling everyone how President Barack Obama saved the U.S. economy. Meanwhile, ordinary Americans are reeling from the slow-motion financial crisis sparked by the president’s bad economic decisions. That list unfortunately got a bit…

When it comes to retail sales, if you’re betting between bricks and bytes, go with the latter. U.S. e-commerce sales surged in the first quarter as traditional brick-and-mortar retail sales limped along. Despite the weak economic outlook, online sales continue to impress. More than a few stocks will…

A top Federal Reserve official says there are good arguments for raising rates in June. And, the longer the Federal Reserve delays hiking rates, the more the U.S. economy falls behind. While many think the Federal Reserve needs to start making up ground, the fact of the matter…

Has the U.S. Economy Really Recovered? Federal Reserve Chair Janet Yellen announced that interest rates would stay put—for now. The reason this time around? The U.S. economy has slowed and consumer spending was muted. This is in addition to the fact that the global economy remains weak and…

Yesterday, we learned the U.S. economy grew at only half a percent in the first quarter of this year—its worst performance in two years. Truth be told, dear reader, the U.S. economy is already in a recession with many economic indicators confirming this. Let’s start with a chart…

Hillary Clinton may become the first female president of the United States, but she’ll never be as powerful as Janet Yellen. The head of the Federal Reserve announced that interest rates would stay put, noting that economic activity has slowed and, as a result, consumer spending has declined.…

First-quarter earnings are beginning to trickle in. And it isn’t pretty. The S&P 500 is in an earnings recession with earnings forecasted to be down for a fourth consecutive month. Revenues are projected to fall for a fifth consecutive month. And the long-suffering bull market that has been…

Presidential hopeful Donald Trump predicted the U.S. economy was on the verge of a very massive recession. Trump cited high unemployment and an overvalued stock market as two main factors that will lead the U.S. into a recession. While his recessionary forecast took mainstream economists off-guard, I doubt…

Republican presidential frontrunner Donald Trump has joined the permabear club that forecasts an imminent economic collapse in the U.S. He said in an interview with the Washington Post that U.S. economic conditions are so risky that the world’s largest economy is headed for a “very massive recession” and…

The stock market may have rebounded, but it’s still extremely volatile. That’s because there are growing concerns about the global economy (especially China), a larger number of central banks having adopted negative interest rates, corporate earnings that are way down, and stocks that are overvalued. Thanks to the…

Miami is experiencing its second housing bubble in the past 10 years because condo prices have now become less affordable for foreign home buyers particularly from Brazil and Argentina following the weakness of their currencies against the greenback. That’s the drama of the Miami real estate market and…

The Dow Jones Industrial Average (DJIA) was little changed before the close of trading on Thursday, heading to end a volatile quarter with a nearly 1.6% gain. The Dow Jones index was flat at 17,717.21 as of 3:50 p.m. in New York. 17 shares were declining and 13…

Income Investing Only Getting Harder Low interest rates have made income investing harder than ever, but actions by central bankers threaten to make the problem for retirees even worse. Earlier this month, the European Central Bank (ECB) slashed interest rates in a last-ditch attempt to stimulate the economy.…

New York City’s high-end housing bubble may burst sometime soon, according to CNBC Senior Analyst and Contributor Ron Insana, who sees a “dangerous” oversupply and slowing demand for the New York City real estate market. Data show general poor demand for condo apartments above $3.0 million in the…

Federal Reserve in a Bind There is only one reason why the Federal Reserve is taking a cautionary approach to interest rate hikes: the rest of the world. Janet Yellen, Federal Reserve chair, said recently that while U.S. economic growth is on track, the Fed was leaving its…

Dow Jones Trades Near Session Highs on Fed Chair Speech The Dow Jones Industrial Average (DJIA) turned higher at noon on Tuesday as Federal Reserve Chairwoman Janet Yellen said the Fed still envisages a gradual pace of interest rate hikes in light of global pressures that could weigh…

Auto Sales Signal Economic Collapse? If the U.S. economy should encounter a major speed bump—again—is it possible that the trigger for the coming economic collapse could be hiding in plain sight? Or, in this case, sitting right in your own driveway? Car Business Possibly Not as “Awesome” as…

Janet Yellen Speech Moves Gold Price In the early hours of Tuesday, March 29, the gold price started moving in anticipation of a speech by Janet Yellen. Investors were uncertain as to what the Federal Reserve was planning for U.S. monetary policy, which is why volatility spiked in…

How the Government Wastes Your Tax Dollars Liberals say they don’t have enough money to fix everyone’s problems. Maybe that’s because the government wastes billions on silly projects. Take the latest report from the National Endowment for the Humanities (NEH), for example. According to the foundation’s record of…