U.S. Economy In Free-Fall
As the American people feast on their Thanksgiving turkeys, there will be little to cheer about this holiday as the global economy in general, and the U.S. economy in particular, descend into the...
View Article$8.5 Trillion And Counting; Cost Of U.S. Economic Crisis Soars
The impact of the global economic and financial crisis on the United States has already cost potentially $8.5 trillion. Perhaps even more frightening, many more trillions of dollars could be added to...
View ArticleGDP Falls 3.8% In U.S. As Economic Meltdown Worsens
The U.S. Commerce Department has released preliminary figures for the 4th quarter of 2008, heralding a decline of 3.8% in GDP. As many analysts had forecast a Q4 contraction of at least 5%, on the...
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U.S. Economy Loses Steam; GDP Growth Stalls
Data released by the U.S. Commerce Department reveals that GDP growth in the United States contracted to an almost flat 0.2 percent in Q1 of 2015. This is virtually stall speed, and a sharp contrast to...
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U.S. Economy Nosedived In First Quarter
The Commerce Department released revised data for the U.S. economy in Q1 of 2015. Instead of the disappointing 0.2 percent contraction, the Commerce Department is now reporting that America’s GDP...
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