Author Archive

By Greg Hunter’s USAWatchdog.com In the post “Is the Recession Over? Not a Chance!” this past Monday (1/18/10), there was a prediction made about the upcoming PPI.  Shadow Government Statistics said, “…annual PPI inflation should pick-up sharply in December.” 

By Greg Hunter’s USAWatchdog.com    Scott Brown is the new Senator from Massachusetts.  When a virtually unknown Republican can take a seat formerly held by Ted Kennedy in the bluest of blue states, the word “upset” doesn’t come close to what happened

By Greg Hunter’s USAWatchdog.com In February of last year, Fed Chief Ben Bernanke testified in a Senate hearing that he thought the recession would likely be “over in 2010.”  In September of 2009, The Fed Chief declared “…From a technical perspective,

By Greg Hunter’s USAWatchdog.com  On Christmas Eve of 2009, the Treasury decided to lift the caps on how much bailout money failed mortgage giants Fannie Mae and Freddie Mac would receive to stay in business.  The caps represented a maximum taxpayer

By Greg Hunter’s USAWatchdog.com The Fed is currently fighting tooth and nail in a federal appeals court to keep its bailout of big banks secret.   In August of last year, the Fed lost a lawsuit in federal court that would force the 97

By Greg Hunter’s USAWatchdog.com   Friday, the Bureau of Labor Statistics released its latest unemployment numbers.  The BLS said, “Nonfarm payroll employment edged down (-85,000) in December, and the unemployment rate was unchanged at 10.0 percent.”  Shadow Government Statistics founder, John Williams,

 By Greg Hunter’s USAWatchdog.com  There has been some positive financial news to start 2010.  Some auto makers reported good sales in December to end the year.  Retail sales also perked up in December, and even home sales in some areas showed

By Greg Hunter’s USAWatchdog.com Monday, I did a post called “Bank Ratings Keep Slipping Away.” My colleague across the pond, Max Keiser, sent me an email with his thoughts on the post.  Max is a former Wall Street broker turned financial

By Greg Hunter’s USAWatchdog.com  I was checking the financial health of my local bank and discovered that it had slipped to a (C-) rating.  Not more that three years ago, this bank carried a solid (A) rating.  The ratings I am

By Greg Hunter’s USAWatchdog.com    Everybody on Wall Street is breaking out the balloons and party hats and celebrating the end of the recession.  Even Larry Summers, the top economist in the Obama Administration, says “Everybody says the recession is over.”  Really? “Everybody”

By Greg Hunter’s USAWatchdog.com The government has made some pretty big financial announcements during the Christmas holiday season.  So-called Pay Czar, Kenneth Feinberg, decided to boost the pay of an unnamed AIG executive by $4.3 million.  Was Feinberg just playing Santa or taking strategic action to get

By Greg Hunter’s USAWatchdog.com   In September, I wrote a post called “Prediction: Obama Wins Health Care, Loses Economy.”  It appears the Senate has the votes for passage of its version of health care legislation; so the prediction is halfway complete.  I am

By Greg Hunter’s USAWatchdog.com    According to economist John Williams at Shadow Government Statistics (SGS), we are getting “… false positive signals…” for monthly numbers such as retail sales and unemployment.  So, a recovery looks like it is taking place when a

By Greg Hunter’s USAWatchdog.com    Alex,a friend of mine, sent me an email with just one sentence.  It said, “Did you read this?”   It was an article published this week by NYU Economics Professor Nouriel Roubini titled, “Roubini: Here’s Five Reasons The

By Greg Hunter’s USAWatchdog.com Kenneth Feinberg was appointed by the Obama Administration as a so-called “Pay Czar” after public outrage over big compensation packages at firms that were bailed out by the government.  Feinberg has been on the job as pay