U.S. Economy

I couldn't let the U.S. Department of Labor's recently reported August employment numbers go without comment. Especially since most analysts and economists see the employment numbers as good economic news, while I see them as just the opposite. The Labor Department reported Friday that 144,000 jobs were created…

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The following are not my words, but recent statements from Roger Ferguson, vice-chairman of the U.S. Federal Reserve and the much-touted eventual replacement of Alan Greenspan: "Clearly, some households have become burdened with excessive debt and may have considerable financial stress should their income become disrupted." "One cannot…

I remember the good old real estate days of the 1980s like they were yesterday. An active real estate investor myself, I recall how builders and developers were padding their pockets with money (and their stomachs with $500 lunches). Well, guess what? Those days are back again. At…

Back in the 1960s, with the rising costs of the Vietnam War and the NASA exploration program (you might remember the first moon walk), a debt crisis in the U.S. led to the breakup of the Bretton Woods Accord. Bretton Woods was a fixed currency exchange rate system…

I have never been a big fan of our Federal Reserve Chairman, Mr. Alan Greenspan. Yesterday, when he urged congress to curtail Social Security benefits for future retirees, I have to admit any hope of me ever becoming a fan ended. In what could only be described as…

I have asked one of the most profitable wealth building clubs in the world to approve all my Profit Confidential readers for membership in their club. I'll tell you more about the world-famous Highlander Club in a minute. But first, I want to tell you about their Dream…