Census Bureau

Key Events In The Coming Week

Looking at the week ahead, the US election enters the home stretch and politics will likely dominate the headlines, especially the closer races in Congress. Despite data being overshadowed by politics, there are some key US releases coming up, with the first estimate of Q3 GDP, the employment cost index and durable goods the main focus.

Drowning In Debt: 35% Of Americans Have Debt That Is At Least 180 Days Past Due

More than a third of all Americans can’t pay their debts. This is happening during the “economic recovery” that the mainstream media keeps touting. If this many Americans are having trouble paying their bills right now, what are things going to look like when the economy becomes extremely unstable once again?

Key Events In The Coming Extremely Busy Week

The week ahead is striking in the sheer number of central bank speakers, but with the Fed on hold until December and the BoJ’s new framework now revealed, focus turns squarely from central banks to US politics. The first US presidential debate at the start of the week will be a key focus.

NAR Stumped As Existing Home Sales Slide Continues; Lack Of Household Income Growth Blamed

"It's very concerning to see that inventory conditions not only show no signs of improving but have actually worsened in recent months from their already suppressed levels a year ago," said the NAr's Larry Yun. "While recent data from the U.S. Census Bureau (shows that household incomes rose strongly last year, home prices are still outpacing incomes."

The Biggest Washington Whopper Yet

It turns out that 52% of all the new jobs - 5.25 million - reported by the BLS since the end of the recession were imagined, not counted. This amounts to still another whopper from the government statistical mills, and more evidence that the so-called recovery is based on a tissue of lies.