Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill on Wednesday. When the Chairman of the Federal Reserve says our national debt and the out-of-control budget deficits that drive it are unsustainable – it’s time to pay attention. The Fed, printers of the [...]

Having covered the economic crisis extensively I am always perplexed when the US media reports on US home prices recovering to where they were during the real estate bubble of the 2000′s – which were unrealistic prices. If home prices began an unsustainable climb in 1999, which is year zero for the housing bubble, then [...]

You know its bad when the net flow of Mexicans into the US has fallen so much that there is a high probability that the immigration problem is reversing into emigration. The Pew Hispanic Center notes that the standstill – after more than 12 million current immigrants have entered the US – more than half [...]

When you get right down to it Groupon is a hard money lender for ailing businesses, which is why Wall Street jumped all over the Groupon IPO like they did Sub-Prime mortgage lenders in the early 2000′s. I mean, think about it. What business in their right mind would discount their product or service between [...]