Economy

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Time to Quell Excessive Power of Credit Bureaus

Peter Stern During the past several decades in the U.S. , three credit bureaus have become so powerful that they can make or break American lives. They are Equifax, Experian and Trans Union. Any one of them has the capability of causing man...

Time to Quell Excessive Power of Credit Bureaus Sometimes Ruling Life or Death

by Peter Stern   During the past several decades in the U.S. there are 3 credit bureaus that have become so powerful that they can make or break American lives.    They are Equifax, Experian and Trans Union.  Any one of them ...

The Great Unemployment Mystery

by Peter Stern Unemployment in the U.S. is at its highest rate in many decades. Apparently it is a mystery that only a Sherlock Holmes or Charlie Chan can solve because President Barack Obama has not fought significantly to bring jobs to h...

Bull & Bear - Market Divergence

In the market things are not always what they seem to be.  You can have segments of the market hitting new highs but the broader indices falling apart.   BY Martin Goldberg As the market averages stage yet another rally, market internals...

The numbers are simply staggering. How can this possibly continue without a piper being paid?!?!

by Mike Shedlock Dropping tax revenue, rising unemployment and yawning budget gaps are wreaking havoc in states from Arizona to Wisconsin, a new report shows. CNNMoney reports 10 states face financial peril. The same economic pressures...

America's Treacherous New Disease: Unemployment

by Peter Stern     Unemployment is the scourge hitting Americans hard, not H1N1 Swine Influenza.   Congress continues to do what it has done for generations --- NOT deal with real issues.  People are hurting bi...

J.P. Morgan Chase Achieves Stellar Second Quarter Earnings by Ripping-Off Customers

Socking-it to Overburdened Credit Card Carriers Pays Big Returns     The Wall Street Journal and The New York Times announced that J.P. Morgan Chase along with Goldman Sachs and Citigroup now "stand astride post-bailout Wall S...

Switzerland Is Still The Ultimate Safe-Haven For Wealth

Many governments, politicians and financial centers competing with Switzerland regularly attack the independent, freedom loving Swiss because this alpine financial center is home to almost $4 trillion dollars in secure, private wealth. Back during Wo...