Free Republic

Alarm! No problemo, says James “Bully” Bullard, President of the St Louis Federal Reserve. Bullard said that US recession fears are overblown with consumers “healthy.” Really Jim? Inflation is so bad they REAL average hourly earnings growth keeps falling and is now -3.34% YoY. Apparently, real GDP growth of ZERO doesn’t bother Bullard either. Apparently, we are still Under The Thumb of The Federal Reserve.

Real GDP per person is a figure far more real to the average citizen than GDP growth per quarter, especially in countries with growing immigrant populations like Canada and the United States. So, using this figure, The Economist made a chart to show how countries have been recovering since Q4 2007. If you take a look below, you'll see that the real GDP per person in the U.S. is still down 4% from pre-recession levels. In China and India, it has jumped 35% and 22% respectively. Of the G7 countries, Germany is the only one that has made it to...

The massive oil slick threatening the Gulf of Mexico's coastline could wreck the US economy's fragile recovery and lead to a "double-dip" recession, an investment firm warned Monday. A market commentary from Cumberland Advisors said the bill from the Deepwater Horizon disaster may ultimately run into hundreds of billions of dollars and leave an economic impact that will be felt for a generation. Cumberland chief investment officer David Kotok said in a commentary titled "Oil Slickonomics" that the spill had left three likely scenarios for the future: "bad, worse, and ugliest." Under the worst case scenario, it would take months...