By Greg Hunter’s USAWatchdog.com 
They call NYU economics professor Nouriel Roubini–”Doctor Doom.”   He got the moniker because his ominous predictions, a few years back, came true.  I really hate the “Doom” name.  I think he should be called “Doctor Right on the Money.”   So, when Roubini talks I listen.   It seems the spotlight is off the U.S. for the moment because of Greek debt and rumors of default. 

Greg Hunter’s
USAWatchdog.com   
Unions in this country got started because industry took advantage of workers.  But these days, it seems to be the other way around.  I am not talking about unions in the private sector.  Private sector union workers should be free to get what they can.  If private sector unions get too much (health care, pensions and pay), it is the fault of company management.    

By Greg Hunter’s USAWatchdog.com 
The big news in the economy last week was new home sales jumped 27% in March.  It was the best monthly increase percentage wise since John F. Kennedy was in office.  What the mainstream media did not tell you was new housing starts jumped up from a very low level– like the lowest level in history!  This chart from shadowstats.com illustrates the point:   

By Greg Hunter’s
USAWatchdog.com   
There was lots of talk this week about financial reform for Wall Street.  The President gave a speech yesterday on the legislation that is making its way through the Senate.  Obama said, “It is essential that we learn from the lessons of this crisis so we don’t doom ourselves to repeat it and, make no mistake, that is exactly what will happen if we allow this moment to pass

By Greg Hunter’s
USAWatchdog.com  
Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities.  This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week.  I was dumbfounded when I saw Bernanke shake his head in the affirmative

By Greg Hunter’s USAWatchdog.com 
Goldman Sachs was charged with fraud last week by the Securities and Exchange Commission.  The investment bank says the charges are “unfounded in law and fact.”  Regulators allege “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party,” SEC Enforcement Director Robert Khuzami said in a statement.  In other words

By Greg Hunter’s
USAWatchdog.com   
Earlier this week, Fed Chief Ben Bernanke told Congress to basically raise taxes and cut the federal budget.  The inference was, if Congress doesn’t get its financial house in order, it will be their fault if the economy tanks. 

 By Greg Hunter’s
USAWatchdog.com     
Over the past 15 years or so, violent crime and property crime (theft) has been on a slow steady decline.  According to the Bureau of Justice Statistics, in the past few years, that decline has leveled off.  Part of the decline has been attributed to a good economy in most of those years.  Part of the decline can also be attributed to good police work and fully staffed departments.   

By Greg Hunter’s USAWatchdog.com 
In the classic 70’s Watergate movie, All the President’s Men, the secret informant, Deep Throat, said, “Follow the money.”  It was how reporters Woodward and Bernstein figured out what was really going on in the Nixon White House.  If you want to figure out what is really going on in the economy, you do the same thing—follow the money.   

By Greg Hunter’s USAWatchdog.com   
I heard Jim Cramer of CNBC say last night people are “ignoring the good news.”  I say when it comes to the mainstream media, just the opposite is happening.  The folks at the financial news networks are especially good at ignoring the bad news even though they should know better.   

                                                                                                       By Greg Hunter’s USAWatchdog.com  
 
If you compare the U.S. economy to the Titanic disaster, we are at about same point in time as that famous ship was after it struck the iceberg.  Instead of a band playing on deck as the vessel took on water, we Americans have the equivalent of an IMAX theater, complete with surround sound, to keep us occupied as we meet our fate. 

By Greg Hunter’s USAWatchdog.com   
The one surefire economic prediction I can make is we are going to have big inflation.  Already, (real) inflation is running at 9.4% according to shadowstats.com (calculated the way Bureau of Labor Statistics did it in 1980).   The mainstream media seems to be finally catching on to this theme.  In the last week or so, Forbes ran a story called “Prepare for inflation.” (Click here for the Forbes article.)  Just last week, CNN penned an article called “The coming inflation wave.”  (Click here for the CNN story.)  …

By Greg Hunter’s USAWatchdog.com 
For awhile, the term “green shoots” was the buzz word for the economic rebound.  Remember that?  The “green shoots” have now turned into a “recovery” almost every time the economy is mentioned.  It seems we are constantly bombarded with stories of how the economy is turning around when the facts say otherwise.
I do want to be positive, but some of the spin I am hearing would make “Baghdad Bob”(Mohammed Saeed al Sahaf) proud.