People may have lost faith in the private sector but not the power of federal authorities to rescue them.

The U.S. government has already bought into nine major U.S. banks.

Bill Bonner writes that there iss omething funny going on.  But it's not just at the banks.

The boom years are over.

The stock market has moved from greed to fear, and the forces of inflation are in full retreat.

The long-awaited sell-off seems to be here.  Suppressed, denied, and delayed, Mr. Market is finally having his say.

Without the ability to print your own money, you have to live within your means.

Does anyone pay attention to the Constitution anymore?

Copper has collapsed.  So has shipping. Both are telling us that they world’s economy is slowing down.  Housing prices are falling faster.  Job cuts are accelerating.  Local governments are getting hit by lower revenues.