Posts Tagged ‘unemployment’

Economy Post-‘Jobs’ Report; Real or Memorex?

December 9th, 2014

Federal Reserve buildingGary Tanashian:  Now it gets interesting because early in the bailout process the Fed talked about achieving certain employment milestones before hiking interest rates.  Here we are at the 10th consecutive month with 200,000+ job gains (321,000 in November) and the jobless rate down to 5.8% and still there is a question on when or whether ZIRP will be withdrawn? Read more…

Banking, Economy, Today's Top News

Government Wasn’t the Problem

September 10th, 2014

arra-signHarlan Green: If the latest unemployment report tells us anything, it is that government isn’t the problem that has caused the weak U.S. recovery, but a private sector that is focused solely on maximizing profits for their investors and CEOs, rather than creating more jobs. Read more…

Economy, Financials, Government

9 Of The Top 10 Occupations In America Pay An Average Wage Of Less Than $35,000 A Year

April 11th, 2014

jobs economy 600X300According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year.  When you break that down, that means that most Read more…

Economy, Government

Why Are So Many People Renouncing American Citizenship?

February 10th, 2014

america united statesThe number of Americans that renounced their citizenship was 221 percent higher in 2013 than it was in 2012.  That is a staggering figure, and it is symptomatic of a larger trend.  In recent years, a lot of really good people with very deep roots in this country Read more…

Economy, Government, World News

24 Facts About The City Of Detroit That Will Shock You

February 4th, 2013

detroit cityMichael Snyder: If you want to know what the future of America is going to be like, just look at the city of Detroit.  Once upon a time it was a symbol of everything that America was doing right, but today it has been transformed into a rotting, decaying, post-apocalyptic hellhole.  Read more…


Worst Since World War II: 50% Unemployment: Over 6 Million Teens and Young Adults Are Out of Work

December 4th, 2012

Mac Slavo: Amid a worsening fiscal crisis, a crumbling economy, and the destruction of over 40% of America’s wealth in just the last few years, it should be quite clear that this is no ordinary recession. In fact, with progressively dwindling job opportunities Read more…

Economy, Government

Economy: Hostess Adds To The Massive Tsunami of Post-Election Layoffs

November 18th, 2012

Michael Snyder: Can you hear that sound?  It is the sound of the air being let out of the economy.  Since the election, there has been a massive tsunami of layoffs and business failures.  Read more…

Economy, Government, Markets

Barack Obama And Mitt Romney Both Favor A One World Economic System That Kills American Jobs

October 21st, 2012

Either way this election turns out, American jobs are going to continue to get slaughtered by the millions.  During this campaign, Mitt Romney and Barack Obama have both attempted to portray Read more…

Economy, Government, World News

Experts Say That A Stock Market Crash Is Coming (JPM, BAC, GS)

October 10th, 2012

In the financial world, the month of October is synonymous with stock market crashes.  So will a massive stock market crash happen this year?  You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such Read more…

Economy, Financials

77 Percent Of All Americans Live Paycheck To Paycheck At Least Part Of The Time

September 5th, 2012

If a major economic crisis hit us right now, the vast majority of Americans would be extremely vulnerable.  According to a recent CareerBuilder survey, 40 percent of all Americans live paycheck to paycheck all of the time, and 77 percent of all Americans Read more…


How To Win Against This Dangerous Government

August 29th, 2012

Kevin McElroy: I firmly believe that the U.S. dollar is a burning match. The longer I hold one in my hands, the less it’s worth. Eventually, it appears, it will be worth nothing at all, and I’ll get burned. Read more…


Life in the So-Called Recovery

June 14th, 2011

“What Recovery?” Time Magazine finally got around to asking in its latest issue.

Better late than never, we suppose. The Daily Reckoning has been asking that question for months already…

“America’s recent economic ‘recovery is just a dismal version of ‘Mother May I,’” quipped Dan Amoss, editor of the Strategic Short Report in his essay “Inflation 1; Economy 0” in early March. “Almost every ‘one step forward’ will succumb to ‘two steps backward.’”

Two weeks later, we reiterated, “America’s economic recovery contains more cracks than Humpty Dumpty…after suffering his ‘great fall.’ Somehow, all of Bernanke’s horses and men managed to slather enough monetary glue onto the fractured pieces of our economy to hold them all together. But the reconstructed economy does not look very much like the original one. Humpty Dumpty is now a Picasso.

“While it’s true that a few ‘headline’ economic numbers – like GDP growth and industrial production – are flashing signs of recovery, numerous other data points are flashing red. Net-net, this recovery is suspect.”

We wanted to see the recovery that everyone else claimed to see, we really did, but we were never able to make out its image, no matter how hard we squinted. Blame us for a lack of imagination.

Most of the folks on Wall Street insist they see plentiful signs of economic growth. But then, a lot of folks insist they see aliens out their windows…or the Virgin Mary in their grilled cheese sandwiches.

Maybe the folks on Wall Street are right. Maybe a recovery is unfolding right below our noses. But to us, the “green shoots” of recovery look suspiciously like the AstroTurf of desperate governmental stimulus efforts. From a distance, the stuff looks like the real deal…or even better. But up close, you find a fake – a parody of economic vitality that will never grow into anything real or self-sustaining. Even worse, the AstroTurf also smothers the soil that could potentially yield productive enterprises.

As a result, the so-called recovery is producing a wide range of severely recessionary phenomena. For starters, according to a recent CNN poll, a whopping 48% of Americans surveyed believe that a 1930s-style depression is “very likely” or “somewhat likely.” That’s the highest reading since the beginning of the 2008 credit crisis.

Aren’t folks supposed to become more confident during recoveries? What’s the problem?

We don’t know precisely, but we can surmise imprecisely. A lot of stuff is broken. Jobs are hard to come by, debts are difficult to repay and household wealth is extremely difficult to regain.

Meanwhile, the US government’s mushrooming debt burden is scaring the bejeepers out of any American with a 5th grade aptitude for arithmetic. According to the latest figures, every American has become a kind of fiscal pack mule – saddled down with nearly half a million dollars of present and future government liabilities.

Those distant liabilities wouldn’t seem so troubling if they did not feel so immediate. But virtually all of America’s wealth-creation trends are moving in the wrong direction: taxes are rising, per capita incomes are slipping, inflation is rising and homeowners’ equity is collapsing.

Estimated Total Value of America's Residential Real Estate

Since the peak of the housing bubble in early 2006, homeowners’ equity has collapsed from $14.7 trillion to $6.9 trillion – a staggering loss of wealth equal to more than half of US GDP.  In fact, homeowners’ equity is even lower today than it was at the end of 1999!

Not surprisingly, a very close correlation exists between the amount of equity Americans have in their homes and the attitudes of Americans toward the economy. You could say these two data series move tick for tick.

Percentage of Americans Who Feel Good About the Economy vs. Americans' Home Equity

But real estate wealth is not the only disappearing act of the last decade. American households have also lost about $2 trillion of stock market wealth during the last five years.

These aren’t pretty numbers. Very few households are better off today than they were five years ago…or even ten years ago. Many are worse off. This bad news might not feel so bad if the US economy were producing a steady stream of good news. But it isn’t.

To the contrary, the federal government continues to spend the money that no one seems to have, while Ben Bernanke prints the dollars that fewer and fewer people seem to want. When and how this perverse merry-go-round will end no one knows, but it might be a good idea to jump off your pony as soon as possible and find a safer carnival ride…like precious metals or foreign real estate or water (as Chris Mayer explains in his essay “Blue Gold…Still Shining”) or, indeed, any other asset that isn’t a dollar bill or a promise to re-pay a dollar bill at some future date.

“There are already elements of [economic] fragility,” said New York University professor Nouriel Roubini in a weekend interview. “Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest… We’re still running over a trillion-dollar budget deficit [in the US] this year, next year and most likely in 2013. The risk is at some point, the bond market vigilantes are going to wake up in the US, like they did in Europe, pushing interest rates higher and crowding out the recovery.”

What recovery?

Eric Fry
for The Daily Reckoning

Life in the So-Called Recovery originally appeared in the Daily Reckoning. The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas.

Read more here:
Life in the So-Called Recovery

The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Real Estate, Uncategorized

How the US Could Have “467,000 More Jobs Right Now”

June 13th, 2011

With the US’ nine-plus percent unemployment rate — and when no stone should be left unturned in boosting jobs — there’s a huge, and currently untapped, potential job creation engine in tourism.

Since just last April, Brazilians have spent $1.4 billion as tourists, an 83 percent increase from that same time frame the year before. However, it turns out those dollars are largely not being spent in the US. The giant and growing BRIC tourist numbers are not making it to the US to spend their money, and create jobs in the tourism industry, even though they want to, simply because it’s too hard to get in the US.

Time Magazine explains:

“The most lucrative target is Brazil, Latin America’s largest economy. In the past, most Brazilians used to come to the United States looking for work; now they come to spend money and create jobs. The spending would help the U.S. economy tremendously. The American tourism market has recovered slowly since 9-11, but it missed out on a decade of growth, according to Roger Dow, president of the U.S. Travel Association.

“‘We call it the lost decade. If we had just stayed on pace with the rest of the world, we would have generated $606 billion more dollars and have 467,000 more jobs right now,’ Dow said recently at the Pow Wow tourism trade show in San Francisco. The good news, he says, is that the problem is still fixable, and has some inexpensive solutions. By just extending the visa-waiver program to Brazil and Chile, he says, the United States could double visits from those countries in one year and quickly generate $10.3 billion in new tourism revenue while creating 95,100 new American jobs.

“The Travel Association has also proposed a simple, four-point plan for ‘common sense entry reforms’ that Dow says would create an estimated 1.3 million new jobs and bring in $858 billion into the U.S. economy by 2020. He insists the entry reforms, visa waivers and other ‘trusted traveler’ initiatives would not compromise U.S. national security, rather streamline it and let Homeland Security ‘focus more on finding bad guys rather than harassing the good guys.’”

Only 36 nations are on the US’ visa waiver list, and not a single one is in Latin America. Perhaps it’s time to revisit a policy that was designed with the US’ best interest in mind… for the US’ best interest. You can read more details in Time’s coverage on how letting Brazilians in could help the US economy.


Rocky Vega,
The Daily Reckoning

How the US Could Have “467,000 More Jobs Right Now” originally appeared in the Daily Reckoning. The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas.

Read more here:
How the US Could Have “467,000 More Jobs Right Now”

The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.


US Trade Deficit Takes on a Life of its Own

June 9th, 2011

The week of “non-data” here in the US continued on Wednesday, with the markets searching for a clue as to which direction to go, and the only news they had to work with was from Greece, which didn’t bode well for the currencies, yesterday.

But the lack-o-data ends today, with the Weekly Initial Jobless Claims, and… The April US trade deficit… This trade deficit has taken on a life of its own, in that we had a recession (I call an ongoing depression) and a financial meltdown, which one would think would bring this trade deficit in line… But NOOOOOOO! That’s not happening, folks, and why? Ahhh grasshopper, this has been discussed so many times in the past, but the point here is that the manufacturing in this country has gone the way of the Pony Express… Sure, it still exists, and in some countries would be great! But for a country our size, it has wasted away in Margaritaville! And it’s not enough to offset the imports…

But then, if consumers weren’t given stimulus checks in the mail, and other forms of steal-like measures to get us to spend, then imports wouldn’t be so huge… But then because we import so much oil, one would think we would be foreign oil independent by now…

So… The currency and metals traders will get some direction today, and maybe take their collective minds off of Greece… We might also get a sniff of what the European Central Bank (ECB) is thinking, as they’re meeting as I type this morning. Remember on Monday, I told you that we would be looking for the use of the word “vigilance” and mention of the need to provide “price stability” from ECB President, Trichet. So… Any mention of those two things, and I would think the euro (EUR) gets a good push higher versus the dollar today. You see, by mentioning those two things, Trichet, cracks open Pandora’s Box of rate hikes… Now, I’ve gone on record as saying that I thought the ECB would hike rates again in July… If the statement following the meeting today goes the way I believe it will go, then you can almost “book ’em Danno” for that rate hike in July…

Speaking of central banks… The Reserve Bank of New Zealand (RBNZ) met last night, and left rates unchanged. (Remember, that back in March, the RBNZ cut rates to accommodate the economy after the earthquake.) The RBNZ was quite upbeat in their statement following the meeting… You know, when New Zealand suffered that earthquake, I said then that I thought the Kiwi people would bounce back quickly… And the RBNZ admitted last night that they underestimated the speed and momentum that the rebuilding has taken on… That’s key, folks… Because those words would lead me, or a trader to believe that it won’t be long until the RBNZ is back at the rate hike table… (I’m betting that free undercoat that it comes in the fourth quarter of this year.) The New Zealand dollar/kiwi (NZD), took the statement and ran! Kiwi has outperformed all currencies overnight!

Of course, RBNZ Governor Bollard, who I’m no fan of, had to take his usual shot at kiwi strength, saying that it was ahead of itself… Hmmm… But then he did say that he would not be intervening, as intervention cannot move a trend… WOW! Love to hear a central banker say those words! Are you listening, Japan? How about you, Brazil? Or Switzerland? And over in the US with all your back-door intervention to keep the dollar weak?

OK… Did you see the results of the OPEC meeting? Well, if you haven’t, just me telling you that the price of oil is up about $2 this morning would tell you it didn’t go well, right? Yes, our friends (NOT!) over at OPEC now have problems… I mean these guys all cheated with production levels before, but now you’ve got a real problem in the fact that not all these guys like each other. In fact some countries are joining the rebels to defeat another country, and now they must all sit down together and make policy? I laugh, because that just cracks me up! That’s not going to happen now, and it won’t happen probably ever again… That’s right, OPEC could be on the way out… And so… Oil is up $2 this morning…to $101.

Down in Brazil, the country continues to fight inflation, and at the same time, stem the currency’s gains… I don’t see that working out too well for them! Yesterday, the Brazilian Central Bank raised their internal rate 25 basis points (1/4%), which surprised the markets. You see the markets had fallen into the trap of thinking that since the government wanted to stem the currency’s gains, that they wouldn’t hike rates further for that would attract investors and push the real (BRL) higher… Gotcha! It’s one of those things like the entertainer that puts one hand out to signal to the audience to stop the applause, but the other hand is signaling for them to continue the applause…

The Brazilian government sees inflation rising and reacts with rate hikes… Inflation by the way rose to just above 6.5% in April, which is the ceiling target for the central bank. So… Once again, the need to fight inflation was greater than the government’s desire to have the real weaker… Which I might add is stupid… If they want to fight inflation, allow their currency to gain!

Well… Gold and silver continue to get sold this week… I don’t get it, but momma said there would be days like this, my momma said… Cheaper levels to buy, is the only thing I can think of… The demand for the metals remains strong… Did you hear that the US mint in San Francisco was told to take the dust covers off their presses? Yes, for quite a few decades now, all the minting of silver coins has been done in Annapolis, (I believe), but with demand for Silver Eagle Coins so high, it looks like another mint will begin to push out coins again…

So… With all this demand, why isn’t silver at $50 again? And gold heading toward $2,000? If you really want to do something about it, contact Bart Chilton at the CFTC, and ask him… Maybe he can shed some light on this…

The Aussie dollar (AUD) saw some selling after a weaker-than-expected jobs report, last night. The unemployment rate remained at 4.9%, but the job creation was lackluster, especially for a county that had been knocking the ball out of the park, when it came to job creation… Looks like a cheaper level to buy, this morning…

And the Polish Central Bank raised rates 25 basis points (1/4%) in a surprise move yesterday… The Polish zloty performed nicely after the rate announcement… I know that I don’t talk about the “Euro Wanna-Be’s” very often, so I thought I would mention that there was a rate hike in Poland yesterday! The “Euro Wanna-Be’s” is a named that I coined for the countries that were thought to be on the “fast track” to joining the euro (back in 2003!): Poland, Hungary, and the Czech Republic…

OK… Most of you know that I have long called for Treasuries to be the next asset bubble… Of course, that was long before the Fed Reserve bought about $2.7 trillion worth of Treasuries in their two rounds of quantitative easing (QE)! But, I still think that we’ll see this happen in the long run… You know, Bill Gross, manager of the world’s largest bond fund (PIMCO) also is not a fan of US Treasuries, and has made investments accordingly… Right now, he and I look like we have egg on our respective faces, because the 10-year Treasury yield has fallen to 2.94%… But, historically speaking, history shows that Gross’s calls often seem wrong before proving accurate.

“I certainly don’t have any regrets,” Gross said.

As far as myself… I feel as though I let people down that shorted Treasuries with TBT… But, like I said the other day… I normally see things long before they happen, and in the meantime people think I’m nuts for having said what I saw… So… Patience…

Now… Before I head to the Big Finish, I have to get this off my chest… OK… I want to first say that I in no way was referring or instigating anyone to shoot Ben Bernanke yesterday when I said that no one in Atlanta had gone “John Wilkes Booth” on him during his speech… Believe or not, I actually had someone accuse me of instigating a shooting of Big Ben… Geez Louise! You know… If you want me to be bland like most newsletter writers, and not have fun with people, their statements, and policies, then… No wait! I can’t change! I guess you’ll just have to leave us…

I even had a guy tell me he was unsubscribing because of that statement… I told him, fine! I guess now you’ll have to find some other place to learn about all these things for free!

Then there was this… According to a Washington Post poll… Barely half of the people surveyed support raising the debt ceiling… WOW! Do you think that people are finally getting a clue? The problem here is that a substantial number of the respondents think the US will be seriously harmed if Congress doesn’t increase the debt limit… So, just like the many times before (and there have been 80 times before that the debt limit has been raised since 1920), nobody wants to do it, but it has to be done to keep us from going into default…

OK… I don’t know where to start with this… No wait! I do know where to start! Start at the spending… Reduce the spending and you won’t need to add to the debt or raise the debt limit! Spend, spend, spend, is what we’re all about and have been for a while…

Shoot Rudy… Once again yesterday someone accused me of being political in the letter… Apparently, a newcomer to the letter… For had they been around for a while they would recall me banging on the previous administration for their deficit spending too! I am adamant about this, folks… If I banged on the previous president for his $450 billion budget deficits, I don’t see how I can let this current president skate free with is $1.5 trillion budget deficits! So… Get your facts straight before you play that politics card with me!

To recap… The week of no-data ends today, and the markets can get some direction from the US trade deficit, and weekly jobs data. They can also see the color of the ECB’s thoughts, when ECB President Trichet speaks after leaving their rates unchanged this morning. The New Zealand dollar was the best performer overnight, after the RBNZ left the door open to re-enter the rate hike room (probably in the fourth quarter). Brazil did hike 1/4%, and gold and silver continue to weaken, even with strong demand…

Chuck Butler
for The Daily Reckoning

US Trade Deficit Takes on a Life of its Own originally appeared in the Daily Reckoning. The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas.

Read more here:
US Trade Deficit Takes on a Life of its Own

The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.


Three Questions About Global Natural Resources

June 9th, 2011

Frank Holmes and the co-managers of the U.S. Global Investors Global Resources Fund (PSPFX), Evan Smith and Brian Hicks, participated in a special webcast for the Peak Advisor Alliance last week. Here are some candid portions of the Q&A:

Q. How are interest rates currently affecting commodity prices?

A. The magic number for real interest rates is 2 percent. That’s when you can earn more than 2 percent on a U.S. Treasury bill after discounting for inflation. Our research has shown that commodities tend to perform well when rates fall below 2 percent.

Take gold and silver, for example. You can see from this chart that gold and silver have historically appreciated when the real interest rate dips below 2 percent. Additionally, the lower real interest rates drop, the stronger the returns tend to be for gold. On the other hand, once real interest rates rise above the 2 percent mark, you start to see negative year-over-year returns for both gold and silver.

Whether you are Republican, Democrat, Independent or Agnostic, it’s important to realize that it’s not about politics, but about policies. During the 1990s when President Clinton was in office, there was a budget surplus and investors could earn more on Treasury bills (about 3 percent) than the inflationary rate (about 2). This gave investors little incentive to embrace commodities such as gold, and prices hovered around $250 an ounce. Now under President Obama, there is a large budget deficit and we have negative real interest rates, and gold is in great demand.

Interest rates in the U.S. have been near zero since 2008 and we don’t see the Federal Reserve increasing them until at least 2012. The U.S. economy remains in intensive care: Stimulus efforts have been unable to stimulate significant job growth and unemployment remains near 10 percent. In addition, the existing home sales figures released last week reminded everyone that housing is still on life support.

Even though there has been a lot of talk about reducing deficit spending and the U.S. House of Representatives voted against raising the debt ceiling this week, we don’t see any desire from the Federal Reserve to raise interest rates. The government realizes it is extremely dangerous to pull back the reins right now.

Q. How do the financial troubles of European countries such as Greece and Portugal affect gold prices?

A. The market has definitely been more volatile as some of the financial problems started to pop up again in Europe. The re-emergence of these issues is just another example of how many developed economies around the world are overleveraged and heavily burdened by their debt.

Some of the weaker countries, particularly Greece, could end up ditching the euro as their main currency. This would obviously be a destabilizing event for the euro and would result in some short-term strength for the U.S. dollar, thus providing a headwind for commodities. However, the U.S. dollar is plagued by the same problems as the eurozone; i.e., a weak economy and higher unemployment.

Meanwhile, central bankers in emerging markets have excess reserves and are looking for ways to diversify away from these paper currencies. To protect themselves from paper currency devaluation many of them have turned to gold. Last year was the first net positive year for central banks’ buying of gold since 1985. They’ve chosen to own gold over trying to guess whether Portugal or Greece’s debt is the best investment.

This isn’t a completely new phenomenon. Russia announced that it was going to diversify roughly 5 percent of its reserves into gold back in 2005 when gold prices were at $500 an ounce. The tipping point came in 2009 when India purchased 200 tons of gold from the International Monetary Fund (IMF), which effectively set a floor under gold prices at $1,000.

Since then, we’ve seen countries such as Thailand, Bangladesh, Vietnam, Venezuela and the Philippines add to their official gold reserves. Earlier this year, Mexico purchased 100 tons of gold to boost its reserve holdings.

This trend should continue.

Q. With oil prices hovering around $100 per barrel, what is the outlook for oil prices for the next two to five years?

A. We remain bullish on crude oil for one simple, fundamental reason: Demand is greater than supply. We don’t see that changing in the foreseeable future.

One big driver is a rapidly growing demand for cars and automobiles in emerging markets. There’s also rising demand for oil due to urbanization and rising per capita incomes in emerging economies. As their economies grow and their populations become more prosperous, they want and can afford to upgrade infrastructure and other construction projects which require oil to be produced.

However, it is important to manage expectations. As the price of gasoline rises and inflation fears grow, countries such as India have been forced to lower government fuel subsidies. This will cause some demand destruction as consumers adjust to paying more at the pump, a situation not very different from what we’ve seen recently in the U.S. Though it has the potential to spread if inflation gets out of control, we think this dip in demand will only be temporary.

On the supply side, it’s getting more difficult to find new supply and even when large reserves are discovered, they lie deep beneath the ocean floor or in parts of the world where it’s dangerous to operate.

We think these trends appear to be firmly intact and are why we remain constructive on crude oil prices over the next several years.


Evan Smith and Brian Hicks,
for The Daily Reckoning

Three Questions About Global Natural Resources originally appeared in the Daily Reckoning. The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas.

Read more here:
Three Questions About Global Natural Resources

The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Commodities, Uncategorized

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