By Robert Romano — With Spain on the verge of bankruptcy, having just secured a €100 billion loan from the European Financial Stability Facility (EFSF) to recapitalize its banks just so it can refinance its €734.9 billion debt, the government there has been looking for things to […]

How fast does the government spend money? Faster and faster with each passing moment. In May, the federal government spent $125 billion deficit for the month–more than double the amount it spent in May 2011. As Fox Business reported : So far this fiscal year, the budget deficit […]

By Bill Wilson — All hopes that the European sovereign debt crisis might be contained to the periphery were dashed on June 10 as European leaders agreed to a €100 billion bailout loan to Spain to recapitalize its banks. The proposal would  allow the banks, which have […]

By Bill Wilson — With Europe on the precipice, China visibly contracting, and things slowing here in the U.S. too, the headwinds in the current global economy are something fierce. It is likely Greece will soon exit the Euro, and take with it perhaps the entire 17-member […]

By Bill Wilson — The private sector is not doing just fine. It is growing, just barely, in spite of Obama and his policies. Obama lauds the 4 million private sector jobs created in the establishment survey, but that is just happy talk.  That is not recovering […]

By Bill Wilson — How’s that “stimulus” working out for you, America? After more than $3.4 trillion fiscal and monetary tsunami from the government and Federal Reserve to prop up the economy, things were supposed to get better. Unemployment was never supposed to rise above 8 percent. […]

By Bill Wilson — After the disappointing June 1 unemployment report, which measured the jobless rate ticking up to 8.2 percent, many are asking for how much longer this depression will linger on. The answer, sadly, is for a long, long time. If measured apples to apples […]

This is what Obama has come to as unemployment rises to 8.2%:

UPDATE: Bill Wilson , President of Americans for Limited Government, had this to say about today’s unemployment report: Today’s Labor Department report on unemployment is devastating to Obama’s re-election chances.  His economy is dead in the water, and is not producing enough jobs to meet the needs […]

By Robert Romano — Right now, in Europe, stronger economic powers like Germany are deciding whether or not to fire up the presses at the European Central Bank to monetize the debts of their southern neighbors, importing their inflation in return. So far, Chancellor Angela Merkel has […]