March 9, 2015 - By Barbara Hollingsworth CNS news.com (CNSNews.com) -- The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,” Boston University economist Laurence Kotlikoff told members of the Senate Budget Committee in … [Read more...] about Economist Tells Congress: U.S. May Be in ‘Worse Fiscal Shape’ Than Greece
Greenspan: “The Stock Market Is Great”, But The Economy Feels Like In “The Late Stages Of The Great Depression
Submitted by Tyler Durden on 02/26/2015 22:10 -0500 While conflicting economic data leaves hope for both buills and bears, Alan Greenspan warns that, unlike Yellen, "US economic growth is not strong." He then slays another pillar - suggesting the exuberant job growth is anything but (as he focuses … [Read more...] about Greenspan: “The Stock Market Is Great”, But The Economy Feels Like In “The Late Stages Of The Great Depression
Swiss Shocker Triggers Gigantic Losses For Banks, Hedge Funds And Currency Traders
By Michael Snyder, on January 19th, 2015 The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that their losses were somewhere in the neighborhood of 150 … [Read more...] about Swiss Shocker Triggers Gigantic Losses For Banks, Hedge Funds And Currency Traders