I decided to post this one only because of the economic implications of Obamacare addressed by Ron Paul in this clip: [more]
The European debt crisis sounds the beginning of the death knell for the euro, says investment icon Jim Rogers.
"The euro will probably break up in the next 15 to 20 years," he says. "We've had currency unions in history. They didn't survive, and this one won't survive either," he recently told told CNBC. [more]
The U.S. economy is in danger of falling back into recession, as illustrated by recent weak statistics and thanks to Europe’s debt crisis, says star economist Nouriel Roubini.
In the executive summary of a report for clients of his firm Roubini Global Economics (RGE), Roubini writes, “A slew of poor economic data over the past two weeks suggests that the U.S. economy in 2010 is headed for — at best — a U-shaped recovery.”
The figures for consumer confidence, home sales, construction and employment suggest gross domestic product, or GDP, growth could fall well short of RGE’s already anemic forecast of 2.7 percent for the first half of the year. [more]
OTTAWA — The once red-hot housing market — which several observers warned last month was in danger of turning into a bubble — is showing signs of losing steam as new listings climb and affordability begins to tighten, data released Monday indicate. [more]
[I really don't know what to make of this one. - KDF] [more]
A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's grim budget submission last month. [more]