Debt ceiling fights, it seems, have become a permanent fixture in American politics. Twice in the last couple of years, the United States has been days away from potentially irrevocable economic damage because Congress refused to raise the debt ceiling and let the Treasury issue more debt. 43 more words
Tags » Rick Santelli
Along with Zero Hedge and Jack Welch, CNBC’s Rick Santelli was among the most vocal “jobs truther” in the run-up to last year’s election – and suffered the same snark from the mainstream media at such conspiracy theories as to suggest the most important number in the world could be (or would be) manipulated. 79 more words
On Friday October 5, 2012, the BLS released what was arguably the most important report of Obama’s first term: the final jobs number, and unemployment rate before the November 2012 presidential election. 1,736 more words
Market watchers who have been out hunting for bubbles may want to look at debt rather than equity.
A number of measures that focus on leverage, particularly in the area of corporate takeovers, show that kind of risk-taking back at levels just before the financial system imploded and sent the economy into its worst slump since the Great Depression. 610 more words