So where is the light at the end of this tunnel?

Remember those people who were tempted into buying a house with an $8,000 tax credit? Alas, another government program backfires. Many buyers also used the handy services of FHA financing, with just a 3.5% down payment. Housing is now below its 2009 low. So what happened to those new homeowners? They’re underwater.

Only the zombies' houses are rising in value. Alone among major metropolitan centers, Washington, DC posts real estate gains.

The feds have completely failed. The figures we reported last week showed that the recovery efforts had totally washed up. Each job created by quantitative easing, for example, cost more than $800,000.

Allowed to persist, novelty becomes familiarity.  Pretty soon, people begin to think that the extraordinary is normal.

Bill Bonner's bold proposal that will solve America's dollar crisis and protect the integrity of America’s public finances in a single stroke.

Sensible, solid finances bring forth long-term investment, capital formation and real growth. But not without some pain.

Government debt per working person is now increasing at $115 per working day. And that doesn’t include the build-up in social welfare obligations.

We take for granted that a healthy economy grows.  Our governments depend on it to pay the bills. Our investments depend on it too, as we buy investments that we hope will become more valuable as sales and profits grow along with the economy. B ut what if all of our assumptions about what is normal are wrong?