The Beginning Of The End
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No Janet Yellen, The Economy Is NOT “Getting Better”

Janet YellenOn Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that "the economic recovery gained greater traction in the second half of last year" and that "substantial progress has been made in restoring the economy to health".  This resulted in glowing headlines throughout the mainstream media such as this one from USA Today: "Yellen: Economy is improving at moderate pace".  Sadly, tens of millions of Americans are going to believe what the mainstream media is telling them.  But it isn't the truth.  As you will see below, there are all sorts of signs that the economy is taking a turn for the worse.  And when the next great economic crisis does strike, most Americans will be completely and totally unprepared because they trusted our "leaders" when they told us that everything would be just fine.

It is amazing how deceived people can be.  Just consider the case of 56-year-old Brian Perry.  He is a former law clerk that has applied for nearly 1,500 jobs since 2008 without any success.  But he says that he is "optimistic" that he will get another job soon because he believes that the economy is recovering...

By his own count, Brian Perry has applied for nearly 1,500 jobs since being let go as a law clerk in 2008. The 56-year old Perry lives in Rhode Island, where the 9.1 percent unemployment rate is 2.5 percentage points above the national average.

Perry remains optimistic that a job is forthcoming. He thinks a more robust economy would create better opportunities for the long-term unemployed like him.

Let us certainly hope that Perry does find a new job soon.  But if he does, it won't be because we are experiencing an "economic recovery".  Just consider the following facts...

-In January, we were told that the U.S. economy "created" 113,000 new jobs.  But that figure was arrived at only after adding a massive seasonal adjustment.  In reality, the U.S. economy actually lost 2.87 million jobs in January.  During the past decade, the only time the U.S. economy has lost more jobs in January was during 2009.  At that time, the U.S. economy was suffering through the peak of the worst economic downturn since the Great Depression.

-Prominent retailers are closing hundreds of stores all over the United States.  Things have gotten so bad that some are calling this a "retail apocalypse"...

  • JC Penney, which lost $586 million in three months in 2013, is planning to close 33 stores in 19 states and lay off 2,000 people. JC Penney’s stock has lost 84 percent of its value since February 2012.
  • Sears has decided to shut down its flagship store in Downtown Chicago, and it has closed 300 stores in the United States since 2010. Stock analyst Brian Sozzi noted that Sear’s inventory levels have fallen by 23.7 percent since 2006. He also noted that Sears had $4.4 billion in cash and equivalents in 2005 but $609 million in cash and equivalents in 2012. Sozzi, who calls himself a guerrilla analyst, has a blog full of disturbing pictures of empty Sears stores.
  • Macy’s, one of the few retail success stories, is planning to close five stores and eliminate 2,500 jobs.
  • Radio Shack is preparing to close 500 stores, according to The Wall Street Journal.
  • Best Buy recently closed 50 stores and eliminated 950 jobs at stores in Canada.
  • Target announced plans to eliminate 475 jobs and not fill 700 empty positions to reduce costs.
  • Aeropostale is planning to close 175 stores.
  • Blockbuster has closed down all of its stores.

-McDonald's is reporting that sales at established U.S. locations were down 3.3 percent in January.

-In January, real disposable income in the U.S. experienced the largest year over year decline that we have seen since 1974.

-As I wrote about the other day, the number of "planned job cuts" in January was 12 percent higher than 12 months earlier, and it was actually 47 percent higher than in December.

-Only 35 percent of all Americans say that they are better off financially than they were a year ago.

-What is happening to the U.S. stock market right now very closely resembles what happened to the U.S. stock market just before the horrific stock market crash of 1929.  Just check out the chart in this article.

For dozens more statistics that show that the U.S. economy is not improving, please see this article and this article.

Meanwhile, things continue to unravel all around the rest of the globe as well.

In previous articles, I have detailed how the reckless money printing by the Federal Reserve has inflated massive financial bubbles in emerging markets all over the planet.  Now that the Fed is "tapering", those bubbles are starting to burst and we are witnessing a tremendous amount of economic chaos.  Here are three more examples...

#1 Ghana:

Ghanaian Economist Dr. Theo Richardson says Ghana’s economy will crash by June this year if the Bank of Ghana continues with its kneejerk measures to rescue the cedi.

“The government is facing liquidity problems and if we don’t get the appropriate remedies to address the issues at hand the situation may worsen and by June the economy may crash,” Dr. Richardson said.

#2 Kazakhstan:

With only $24.5 billion left in FX reserves after valiantly defending major capital outflows since the Fed's Taper announcement, the Kazakhstan central bank has devalued the currency (Tenge) by 19% - its largest adjustment since 2009. At 185 KZT to the USD, this is the weakest the currency has ever been as the central bank cites weakness in the Russian Ruble and "speculation" against its currency as drivers of the outflows (which will be "exhausted" by this devaluation according to the bank). The new level will improve the country's competitiveness (they are potassium heavy) but one wonders whether, unless Yellen folds whether it will help the outflows at all.

#3 India:

In the wake of a global stock market sell-off driven by worries over slower growth in emerging markets, the head of India's central bank, Raghuram Rajan, criticized the U.S. Federal Reserve as it pressed on with plans to dial back its monthly bond purchases: "International monetary co-operation has broken down," said Rajan, who added that "the U.S. should worry about the effects of its polices on the rest of the world."

We have reached a "turning point" for the global financial system.  Things are beginning to fall apart both in the United States and all around the world.

But at least the dogs at the White House are eating well.  Just consider the following photo that was recently tweeted by Michelle Obama...

Dogs In The White House

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  • FirstGarden

    Let us ponder those behind the marionette.

    • Mondobeyondo

      Come on, Toto! Pull that curtain back!!

      • watchmanonthetower

        Precisely. Janet has a backstage pass to the NWO meetings. She’s got her orders; and she’s good at her role. Looks nominal to us.

        So; fasten your seat belts, it’s going to be a bumpy night! . (Sorry; she reminds us of Bette.)

        ~Watchman

      • FirstGarden

        And when Dorothy got back to Kansas, she said, “Toto, Kansas isn’t HERE anymore. Nobody even speaks English!”

  • K

    I have said this before and I will say it again. There are both racist and sexist people, who still exist in this Country. If you are going to crash the economy, you want a story, that at least some people will believe. Historically what two groups are supposed to be no good with money. Answer Blacks and Women. So when the economy collapses that will be the spin. What do you expect, with a Black and a Woman in charge. Right away the sexists and the racist will agree with them. Now add to that that huge group of I don’t know, and I don’t want to know. Sadly between these three groups, you have the majority of Americans. So only a very few of us will notice the puppet master, who pulled all the strings.

    • reality strikes

      “What do you expect, with a Black and a Woman in charge.”
      Exactly. It’s so bad that the twin tokens can’t possibly make it any worse.
      We were screwed when affirmative action awarded them those positions.
      Look at the bright side. When it crashes women might actually be worth more than a pump and dump again.

      • Ken

        Please do not misunderstand, I said that is how they will spin it. Not that I agreed with it.

        • K

          oops Ken=K

        • reality strikes

          Right…. gotcha (wink wink).
          Have an exit plan.
          We do.
          Get right with God.
          We have.
          This is gonna hurt / kill / destroy a whole lot of people a whole lot more than we ever could have imagined.
          We’ll help as many as we can, (the wife and I).
          I think a communal / tribal type existence is coming.

          • K

            O.K. let me make this very clear. I do not agree with racist or sexist agendas, there is no wink, wink. And if you are right with God, I do not understand how you could agree with such nonsense.

          • reality strikes

            Lol, I’m just pulling your chain for few laughs.

          • K

            Thank goodness, yeah you got me.

      • Mondobeyondo

        Being black or being a woman has nothing to do with it. It has nothing to do with racism or sexism.

        Lay off the Hate-o-Rade )(tm) and start drinking some milk instead.

        • reality strikes

          “It has nothing to do with racism or sexism.”
          I know it doesn’t. It’s just reality. Like letting a child drive a train. Bad stuff’s gonna happen.

        • jack nichols

          why not enjoy a giant cup of Hate-o-Rade it is fun to drink and wholesome American fun, fun that Osambos administration condones even encourages

      • VegasBob

        Yellen is nothing more than an obese, dowdy, nondescript academic frump who, at 67, is probably already well past her prime.

        Her appointment as ChairSataness of the Federal Reserve had nothing to do with race, gender, politics or qualifications.

        Her destiny is to be the puppet who takes the fall when this house of cards comes crashing down.

        Recall that during 2006-2007, when interest rates were normalized (from Greedscam’s 1% to Bernokio’s 5.25%), the US economy nearly collapsed a few months later.

        Just what do people think is going to happen as Ms. Yellen slowly turns off the spigot of tens of billions of counterfeit electronic dollars spewing forth from the Federal Reserve computers every month?

        Two words say it all – economic
        collapse. That’s what is coming.

        • westernwoman.wordpress.com

          Don’t tarnish your credibility that way… A person is not guilty of a crime if they are obese, dowdy, older, or acadmically nondescript. The question is do they tell the truth.

  • sharonsj

    I’m tired of going to the supermarket, spending $25, and coming home with only 5 or 6 items. A tomato costs $1. I needed a new recliner with an electric control (because I’m arthritic and I can’t sleep in a bed)–it cost $500. A decent new refrigerator is a thousand dollars.

    I don’t know how anybody–especially people earning minimum wage–can afford to live. I’d like to know why the CEOs of corporations haven’t figured out that if you pay yourself millions while impoverishing your workers, then nobody can afford to buy your products.

    • Rodster

      You explained very well the problems with central planning and central banking. Its all based on infinite growth and debt. Those who can’t keep up are cast aside. So my heart goes out to you.

    • MichaelfromTheEconomicCollapse

      And if the drought in California keeps getting worse, soon tomatoes will be much more expensive than this.

      Michael

      • Mondobeyondo

        Can’t speak for tomatoes specifically, but some 85-90 percent of winter iceberg lettuce is grown in southern California and southwestern Arizona (Yuma and the surrounding area).

        • JulietteofOhio

          Don’t bother trying to grow iceberg lettuce. It has little to no nutritional value. Plant some butterhead or looseleaf lettuce which is better for you and easy to grow. Plant just what you need because there is no way to preserve it. Good Luck!

        • nancy weaver

          Over 80% of most of our vegetables are grown in California. The drought will continue to escalate prices. I’ve stopped buying fresh green beans at $2.99/lb. and opted for generic canned ones at less than $1.

      • watchmanonthetower

        We’ve discovered that staying in California now is a dead end proposition. If reports from the coast are accurate regarding high CPM counts, then that sentiment may be all too literal.
        Add a killer drought and a flood from the South when amnesty blossoms, and you’ve got a real hat-trick of horror.
        The Golden State is indeed, tarnished forever.

        ~Watchman

        • CA great place to be from

          I left just before the crash of 08, we could see then where CA was heading. Good luck and God bless!

        • william mony

          Plus high radiation levels coming from Japan. God’s judgement on the USA is just beginning. If John Kerry keeps pushing Israel off God’s land then the true wrath of the Lord will be felt

          • Annette Smith

            Amen, William Mony!

          • Gay Veteran

            you mean the Israeli government stealing Palestinian land

          • RealityBytes

            No! The Romans stoll the land from the Jews first! The Palistinians really don’t exist!!! The people you refer to as Palistinians are really just fugitive Jordanians!!!

          • Gay Veteran

            land theft is land theft

          • Gay Veteran

            and who did the Israelis steal it from?

        • Annette Smith

          That is why we left. Glad we did.

      • 2Gary2

        what am i gonna have on my whopper?

        • Syrin

          Well, we all hope it’s Ebola

          • FirstGarden

            Now, now..

          • Jus’Say’n

            Or C4!!!

        • Mondobeyondo

          Two buns, and lettuce. That’s it. No beef, no sauce, no cheese, no tomatoes and no ketchup.

          • HaHa

            Gay Vet said he’d bring the meat!

      • JulietteofOhio

        This is why you grow your own garden produce, assuming the Feds don’t stop you. Learn to grow it and can/dehydrate it.

        • william mony

          That’s if the feds don’t shut you down and steal it

        • piccadillybabe

          People who grow their own gardens are considered “extremists” by the new regime. Try to get good seed.

      • Annette Smith

        Grow your own!

      • westernwoman.wordpress.com

        I try to grow my salads in the kitchen as much as possible year round, in addition to the garden. I even had a topsy-turvy over the kitchen table once. Indoor vegetation cleans the air, too. Also hard for government agencies to shut down, same as with our “pet” rabbits.

    • laff or cry

      They don’t care because they have no intention of mingling with us pleebs. They are grabbing all they can to ensure their survival, somewhere else.

    • Mondobeyondo

      FYI, I have the receipt from this afternoon’s purchase I made at Food Sh…City.

      Three tomatoes…
      1.58 pounds @ $.0.79/lb…..$1.25 total.

    • Malcolm Reynolds

      Shhh. Defeatism is frowned upon by the politburo. Or didn’t your messiah send you the message?

      • davidmpark

        He’ll reap what he sowed.

    • Rene Girrard

      Because their pay isn’t based on their performance.

    • william mony

      Another lie by the gov’t as portions and sizes have shrunk and the prices have increased
      These thieves are living on lobster in the white house while eat carp soup

  • Nicnak

    Lot of gas in usa, economy is improving. This is what they say in France. Is it true?

    Guys, soon you will be very rich.

  • Mondobeyondo

    Cue the song “Mother Mother” by Tracy Bonham.

    Don’t know what alternate universe Miss Janet lives in, but she’s clearly detached from the real world, as we know it.

    • Rodster

      No, shes just playing the game the crooks and thieves have decided to do and that is keep lying until everyone believes it.

      It’s like that song from the Great Depression: “Happy Days Are Here Again”

      • watchmanonthetower

        Interesting that you should reference this tune in this article.

        The ditty in question was written in 1929 by Milton Ager and Jack Yellen, who wrote the lyrics.

        ~Watchman

        • Annette Smith

          Jack Yellen? Now, that is freaky!

    • westernwoman.wordpress.com

      in the last days watch for false prophets saying all is well. People know better deep down, but choose to believe what is comfortable to hear.

  • Mondobeyondo

    Judging from the TV commercials shown during prime time TV broadcasts, not only the dogs but the cats are eating quite well in this country. Meanwhile, there are many starving humans out there…

    • MichaelfromTheEconomicCollapse

      I do have to confess that I tend to spoil my cats.

      Michael

      • RealityBytes

        I do have to confess that I spoil my Dogs!

        By feeding them cats!!!

  • GSOB

    Yellen is gellen

  • Tim

    Does Janet Yellen, like her predecessor, really believe the things she says? Or is it just a sick, sadistic joke?

    I’m outraged. I’m sick of being lied to. I’m sick of the the elite oppressing the poor. I’m sick of the fraud and manipulation in the “financial markets.” I’m sick of evil corporations like J.P. Morgan committing crimes and getting away with them. I can’t wait for this wicked system to end. It’s coming. Sadly, its demise will only involve more pain and suffering for the most of humanity.

    • Rodster

      I thought of a saying for Ms. Quaker Oats lady.

      “Keep “Sellen it Yellen”

      • Zap

        I thought she looked like Edgar and Johnny Winters UGLY Gramma but Ms Qualer Oates is good too….

        • Jus’Say’n

          Least she looks better than “Big Sis”!!!
          Course – a fug’n Tsunami looks better than Big Sis!!!

    • 2Gary2

      sounds like the poor need to raise up and take the wealth back.

      • Mondobeyondo

        “It’s your money! You paid for it!”
        – George W. Bush, on the campaign trail in 2004

      • Syrin

        It never occurs to you to foster the situation that would lead to wealth generation which is the only long term lasting solution. Instead, your solution is always based on greed, jealousy and a violent desire to steal from others. That’s a one time “fix” that would lead to a permanent Mad Max society.

        I swear, you liberals couldn’t decipher how an economy works if God himself gave you the handbook. Let me guess. You have to wear a helmet, knee pads and elbow pads every time you decide to walk and chew gum simultaneously.

        • someone

          ” Instead, your solution is always based on greed, jealousy and a violent desire to steal from others.”
          That describes our ruling class perfectly. Why do you insist on defending them?
          I guess that’s why it’s only class war when we fight back.

        • Zap

          Syrin Gas

          You tell them buddy!!
          We are living in a Kleptocratic Meritocracy and if these ingrates dont know how an economy works then the hell with them!

          • Jus’Say’n

            Oh! They know how an economy works. You work and they gets pait (Paid)!!!

        • 2Gary2

          dawg-me thinks you took the short bus to school.

          • Jus’Say’n

            Dawgk – Me thinks you sat in the seat behind him!!!

          • 2Gary2

            ok brah-you got me on that one.

          • Jus’Say’n2

            You are an inspiration to Libtards Wordwide. Most Libtards couldn’t spell “Short Bus”!!!

        • Jus’Say’n

          Only if you can get gum with food stamps???!!!

      • John

        Ya, then what, brainiac? They will spend it all on booze, cigs, cheap clothing, lottery tix, casinos, tvs, etc. Not newer cars, no big ticket items, paying down debt, or home ownership. Oh, by the way they’ll loose their Obamacare subsidy, and certainly will not work with their kids to strengthen the democracy and economic future. They live in the moment and for today, not tomorrow and the future. The handle has been pulled and the water is swirling counterclockwise and counter production (wise).

        • Jus’Say’n

          You 4got cheap ho’s!!!

    • Sam
    • Sam

      I guess the world is going back to old age once there is global economic collapse. Enjoy it while you still can.

    • Anon

      The feds policy meetings are secret and release of published minutes of those meetings delayed for a reason. The feds public face and private motives are two different things.

  • Mondobeyondo

    “Aeropostale is planning to close 175 stores.”

    Is that true? Because around here, every other pre-teen boy and girl, and even many teenagers, are wearing some shirt, blouse, skirt or pants saying “Aeropostale” or APNY 1987, or “Aero NY” or some other variation.

    If THEY are shutting stores – that is shocking.

    • Scared Economist

      My daughters wear nothing but Aeropostale, American Eagle, and especially Pink clothes. All bought for 90% off retail at our local re-sale shops. Everything they buy is still in great condition and many items still have the original sales tags in them.
      My daughter bought a prom dress this weekend for $14, never worn, it still had the $147 price tag on it from the DEB store at the mall down the road.

  • Alasha

    well misery loves company… And i am MISERABLE!!!! we knew the collapse was coming …. who knew it would hurt so much. if i tell one more person (these are people i love) after giving them $20, $50 or $100 – maybe you should try to get some food stamps… i think i am going to SCREAM….. i know i am pretty much cried out……. so the only thing left is to… BE scared!

    17 YOU will not need to fight in this instance. Take YOUR position, stand still and see the salvation of Jehovah in YOUR behalf. O Judah and Jerusalem, do not be afraid or be terrified. Tomorrow go out against them, and Jehovah will be with YOU.’”

    2 Chron 20:17

    • Guest

      “For we know that if our earthly house of this tabernacle were dissolved, we have a building of God, an house not made with hands, eternal in the heavens.” 2 Corinthians 5:1

      As a Christian, I cling to verses like this. It’s comforting to know that even if I die as a result of the economic collapse, I’ll just go home to be with the Lord sooner than I anticipated.

      • Hank Kingsley

        This socalled ‘god’ doesn’t exist, so we leave it out of any calculation or consideration.

        Get smart, get with the program, ‘god’ is an invention of the elites
        to keep people down. Look at this ‘bible’, it sez ‘what belongs to
        caesar belongs to caesar’, ‘thou shalt not covet thy neighbours goods’
        and ‘respect his authorita’ and stuff like that. Written by the elites
        to keep people down, and yes it has been a massive success for them.

        Its almost like Blankfein and co wrote it, ‘do not covet Blankfeins money’, ‘what belongs to Blankfein belongs to Blankfein’ and ‘respect your elders like Dimon and Blankfein’ or stuff like ‘do not ask for a piece of the wealth in this life as you will be rewarded in the next’. Especially that last one is hilarious, so many suckers fall for the religion scam, the elites at the time probably never thought that more than 2k years later people still bought into the scam!

        • Guest

          When you die and step into eternity, you will find out that you were wrong. You will realize that you were the one who believed a lie. But then it will be too late. And there will be no escape from your eternal misery. Go on mocking. It will only add to your punishment.

        • Yasha7

          Text out of context is pretext.

    • davidmpark

      Hey! Long time! :)

      The only thing left is to use what’s in front of you.

      Could I give an example? Look at a can of green beans. What do you see? Just a can of green beans; open it up, pour the contents into a pot, heat it up and throw away the can?

      I see an excellent food with the haricots (green bean seeds) and green vegetable shell, the liquid inside has useful salt that can be reclaimed, the label makes a good firelighter or can be saved for processing paper later on, and the can is practically free 24 gauge steel. That’s not tin; it’s sheet steel. A neighbor of mine used those same cans to shingle a chicken coop. I make them into a lot of needed things. And if the green beans are not eaten, they’re good for composting. You eat it later from a garden.

      So, with a little effort and ingenuity, a $1.29 can of store brand green beans becomes roughly $20 dollars of materials or goods.

      • Alasha

        these are city slickers like me, David. We see a can as can Lol. Godspeed!!

      • Malcolm Reynolds

        ” to shingle a chicken coop.”
        WHAT!? That sounds awesome. I wish Mike allowed pictures. THAT, I would love to see.
        Im my head, I suppose they would lay out like those Cali terracotta rooftops.

        • davidmpark

          That method would look cool, but it’s not what he did. He cut both ends off and then down the middle to open it up, and pounded them flat. The inside is already waterproofed, so that the side pointing up.

          Yeah, it’d be nice to post photos – save a lot confusion.

          • Malcolm Reynolds

            Yea Michael! How about allowing photos. :)

  • TX4Life

    What I heard Janet Yellen saying is that people are saving too much money (not spending, investing) so the Fed will not raise interest rates that would benefit people who rely on savings accounts, CD’s, etc. So, I guess she sleeps well at night knowing those same little people may put money into the stock market in desperate hopes of keeping up with inflation, only to have the markets manipulated by the Fed and Wall Street thieves to their own advantage. Low wages & savings returns that can’t keep pace with inflation. The responsible working person can’t win.

    • house slave

      The responsible working persons aren’t suppose to win and won’t win. They will see to that.

  • Mondobeyondo

    Right now, we are in the eye of the storm.
    Things seem calm. For the moment.

    It will not last. It will not last.

    It’s a brief respite from the chaos. But, as with any hurricane which hits you straight on – you have the back side of the storm to deal with now. You think things are fine. If you believe that – you are so wrong. A hard right punch from Muhammad Ali will never feel so good, compared to what’s coming.

    If you are naive enough to say and think “Happy Days are Here Again”. – .get ready to be slammed to the ground, like you’ve never been slammed before.

    OUCH. We’re in for a major migraine headache, folks..

  • Backdoor Barry

    With everything going on in this country, could you imagine if a Republican first lady had tweeted a pic like that. How do you think the media would have reacted? The double standard is mind boggling.

    • Rene Girrard

      But why is the media on the side of whacko liberal democrats?

      • 2Gary2

        really? fox?

        • Mondobeyondo

          You know, every time I see one of those attractive female newscasters on Fox, I always think, “Foxy Lady”!. Heh.

          • 2Gary2

            yeah there may be a milf or 2 on fox.

          • Jus’Say’n

            Yea!!! The best MSNBC has going is Big Sis’s Lil Sis (Rachel Maddow)!!!

          • guest

            I think high maintenance. Remember the old song ” If you want to be happy for the rest of your life never make a pretty woman your wife”. When she’s walking around the house wearing bunny slippers, pms’n with her hair in curlers it’s some other guys problem.

        • Syrin

          One versus a million. Yet why is that one is crushing those million. By the way, I don’t watch Fox, it’s too liberal. Who are you letting do your thinking for you these days? Jon Stewart? Whoopi?

          • Malcolm Reynolds

            I swear! and I don’t watch it either. I don’t have cable.
            Leftists cant come to grips with Fox, who is simply FAIR to republicans. They don’t operate under the premise that the right is automatically at fault for everything, and boy does that BURN the left.

          • Gay Veteran

            ROFLOL, Fox is the mirror image of MSNBC

          • Malcolm Reynolds

            LMAO! And you’re the mirror image of intelligent.

            The network of Geraldo, Juan Williams, Alan Colmes, Sally Kohn, Bob Beckel AND OTHER mouth foaming liberals is a mirror to MSNBC… uh huh.

            LOON! Slave on dopey.

          • Gay Veteran

            hey Einstein, Fox will put on the token liberal like MSNBC will put on the token conservative.

          • Malcolm Reynolds

            Good lord that kind of stupid must hurt.

            See, Joe Scarborough is a “token conservative” in that, he’s claims to be of the right but all he does is criticize the right. That’s what makes him “token”…

            Now the people I named are there to specifically defend left wing talking points.
            I wont ask if you understand that difference, because clearly you don’t.

            …Einstein.

          • Gay Veteran

            hey junior, is Bob Beckel about as much a liberal as Joe Scarborough is a conservative?

          • Malcolm Reynolds

            Glad to see you still haven’t grasped what “token” means, poopy pants.

          • Jus’Say’n

            What I don’t get is why you’re attempting intelligent, rational dialog with a Queer Ex Soldier?!!!

          • Malcolm Reynolds

            Beat me over the head PLEASE!
            Also, I don’t think he was actually in the armed services. I think it’s just the name. That dog humps my leg ALOT and I get no indication from the way he talks that he was ever actually in the svc.

          • Gay Veteran

            “…Now the people I named are there to specifically defend left wing talking points….”

            Bob Beckel certainly isn’t

      • Jus’Say’n

        Because! Libtards are suicidal!!!
        Wouldn’t you be?!
        If’n you was a LIBTARD, that is?!!!!

    • The watcher

      The Jewsmedia operates with one agenda. Notice how ALL the of scandals in Obama administration just disappear.

      Jewsmedia (jUz’-mEE-dee-ya), noun

      1) Mass media used to convey mis-information, lies & deception.

      2) Any form of media promoting the political and economic agenda of special interest groups, particularly Jews.

      3) A means of blocking alternative sources of facts or ideas, thereby preventing people from forming their own opinions at odds with those in control.

  • chris

    I’ve noticed that they are not talking about how much they will raise the debt limit. I guess they see the writing on the wall. Print until the whole house of cards comes tumbling down. Faith and confidence (and QE) is the only thing that is holding the system in tact. Yellen has no other choice but to lie and say the economy is getting better.

    • Tim

      Good point. It’s hard to say if they fear another downgrade of their credit rating. When S&P downgraded the U.S. government in August 2012, someone at S&P lost their job. And then there was something more recently about a lawsuit against S&P. Incredible.

  • squashpants

    Is it possible that while the forces and processes at work giving Michael pause and seeming to bring us slowly and inexorably to economic disaster are being offset by other factors which, not noticed or reported here, are propping up the system? And that perhaps those forces will work to give the economy a soft landing, wherein people will not credit or understand the bad position we are in, and simple struggle on believing that surely things will get better after awhile?

    • Libsare Ajoke

      have you been dropping acid again?

      • squashpants

        LOL!

  • Frank Bell

    The DOW JONES tells her that everything is OK.

    It has climbed 16,000 points. Crash? No way.

    The article on the Dow Jones crashing was dumb. Sorry to say that, but it is true.

    • Mondobeyondo

      Not as dumb as you may think.

      The Dow Jones is heavily overvalued. What goes up, will come (crashing) down.

  • Rupert

    The sooner the SHTF the better.

    The longer it drags out the more painful it will be when everything collapses.

  • Paul

    Like Obama , when Yellen’s mouth is moving lies are spewing forth. What else would you expect from someone running the biggest Ponzi scheme of all time.

    • Rene Girrard

      I’d say that pretty much describes all democrats. They are liars.

      • Gay Veteran

        fixed your sentence:

        I’d say that pretty much describes all democrats AND republicans. They are liars.

  • Paul

    Those puppies eat better than million of Americans.

    • Scared Economist

      Your obviously not a visitor to our Free Food Pantry then.
      Last night we were handing out to the poor:
      —Whole Tyson chickens
      —USDA Choice Pork Chops
      —USDA Choice T-Bone steaks
      —Oreo Double Stuff cookies
      —Bushs Baked Beans
      just to give you an idea of the high-end foods actually being distributed to the “Underpriviledged”.
      The Pantry volunteers regularly remark how they wish they qualified income-wise so they could eat so well.

      • Gay Veteran

        I doubt that is the case. Who is paying for the food?

  • rkb100100

    Yellen the felon

  • Jimbo

    In yesterdays London Daily Mail, there was an article stating that real wages in the UK would be 3.5% lower in 2019. In the same paper they talk about GDP growth projections of 3% upwards until 2020.
    They also talk about the structural deficit being all but eliminated by 2020.
    Now as UK GDP is 70% driven by consumer spending and the consumer will have 3.5% less money to spend, how do you get 3% + GDP growth per year?
    How do you reduce the structural deficit if everybody is earning 3.5% less and therefore paying less in taxes?
    You would have to be pretty stupid to believe anything written in the MSM because the simple math is right there in the article.
    Of course, what the MSM banks on is that most people only glance at the headlines in the boring old financials sections.
    If they see the words “recovery” or “boom”, they will grab their credit cards and go on a spending spree or maybe borrow to buy that new car.

    • VegasBob

      The answer is that “real” wages are inflation adjusted using falsified inflation rates, while in most countries, GDP figures are “massaged” upward by using even lower inflation rates than the falsified inflation rates reported by government.

      Suppose the honest inflation rate is 4%, the reported inflation rate is 2.5% and you get a 2% raise. You are losing half a percent a year using the government’s falsified figures (2% minus 2.5%) and 2 percent a year (2% minus 4%) using honest inflation figures.

      Now suppose the government uses a 0.5% GDP deflator for inflation and there is 3.5% nominal growth. The government will tell you that the economy is “growing” at 3% (3.5% nominal minus 0.5% deflator).

      If GDP were instead reported using the government’s falsified inflation figures, they would tell you the economy only “grew” 1% (3.5% nominal minus 2.5%

      inflation).

      If GDP were reported honestly the government would tell you the economy is contracting at a rate of 0.5% a year (3.5% nominal minus 4% honest inflation). Doing this of course would be political suicide for the ruling politicians.

      The reason most people feel worse off economically year after year after year is because they actually ARE worse off.

      • Jimbo

        There is also the elephant in the room that is government borrowing/spending.
        The UK national debt (pounds) was 0.53 trillion in 2008 and now it is 1.16 trillion. This is usually hidden from view by confusing the reader with references to paying down the deficit. “The deficit is projected to be eliminated by 2020″ does not mean that the debt has been reduced. Sad how many people think that deficit and debt are one and the same thing.
        Then there’s the little publicised fact that UK income tax revenue dropped by 200 million in December whilst employment related benefit payments increased by 500 million (this is in spite of a 4 consecutive months of falling unemployment)?
        It isn’t hard to find this stuff out and it is printed in the MSM but is often hidden in the last few lines of an article proclaiming “recovery”.
        People need to learn how to read beyond the headlines.

      • Jimbo

        Another good example of truth manipulation in the Daily Mail was a few weeks back when they proclaimed that “British car manufacturing set to return to 1970′s levels by 2015″.
        The premise of the article was that a 12% increase in vehicle output would equal the output reached in 1971 when British car making was the backbone of the UK economy.
        The fact that Britain is now a net importer of automobiles was airbrushed over.
        Also brushed under the carpet was the fact that world production has grown 5 fold since 1971 so if UK expected production was inflation adjusted, actual production is only 14% of what it was in 1971.
        Not to mention, that the UK is mainly an assembly line for foreign car manufacturers with very little spin off for feed in industries and employs less than 1/5th in numbers than it did in 1971 despite a 1/3rd increase in population since then..
        I don’t live in the UK but I was talking to another ex pat last week and he told me that the UK is booming and cited the car industry as proof..
        I remarked “so you read The Mail online then”

    • Drud

      Because growth is the only way out of a recession, every economist knows that, so when you can’t actually grow you must pretend to grow. To an economist, this constitutes “logic.”

  • Rene Girrard

    You left God out of your calculations, so I don’t give my credibility to what you say.

    • Hank Kingsley

      This socalled ‘god’ doesn’t exist, so we leave it out of any calculation or consideration.

      Get smart, get with the program, ‘god’ is an invention of the elites to keep people down. Look at this ‘bible’, it sez ‘what belongs to caesar belongs to caesar’, ‘thou shalt not covet thy neighbours goods’ and ‘respect his authorita’ and stuff like that. Written by the elites to keep people down, and yes it has been a massive success for them.

  • 2Gary2

    More republican stupidity–Conservatives are going down hard in 2014. The dark ages of conservatism will be but a distant bad chapter in this countries history in the near future. Progressives will be in total control without the scum bag dino blue dog conservative dems..

    South Dakotans want their state to take the Medicaid expansion
    money by a 63-31 percent margin according to polling done there last
    month. Their governor, however, disagrees. So does the Republican
    legislature. It disagrees so much in fact, that they are going to make
    sure that the people of South Dakota can’t vote for it.

    PIERRE, S.D. (AP) – A South Dakota Committee has defeated a
    measure that would have asked voters whether the state should expand
    Medicaid in line with the federal Affordable Care Act.

    The Senate State Affairs Committee voted 7-2 against the resolution.

    The resolution was brought by minority Democrats, and defeated on party
    lines. Republicans say that it would be “bad precedent” to let voters
    decide. That’s an interesting statement, considering South Dakota was
    the first state
    to adopt statewide ballot initiatives and referendum, way back in 1898.
    For more than 100 years, that state’s voters have been deciding issues
    for the state, so it’s pretty hard to believe that a bad precedent would
    be set with this one.

    • Malcolm Reynolds

      “The dark ages of conservatism ”
      The ones that have completely turned Wisconsin (your state) from failure to success?

      • 2Gary2

        yeah that huge structural deficit must be make believe. Oh yeah we are 39th in job creation. Yep its working, NOT!

    • Hank Kingsley

      As opposed to the enlightened democratic/socialist administrations in places like Chicago, Detroit, California and the likes of them?

    • davidmpark

      Delusional.

  • 2Gary2

    Michael–are you sure that dog picture is not really meeshelle and obummer sitting down to eat??? They are both lap dogs to wall street.

    • Malcolm Reynolds

      RACIST!

      • Sonofa2gary2

        Why?

        • Malcolm Reynolds

          You didn’t get the memo? You’re not allowed to criticize the black messiah. criticism automatically means racism.

          …and to call them dogs…. YIKES!

          • Sonofa2gary2

            Just found that memo ;-)

            I thought the ‘black messiah’ was half white…? I better go dig up that memo too!

      • davidmpark

        LOL!

      • M miller

        No he is not racist…….all he did was insult the dogs

    • Joe Shmo

      I can’t believe YOU said that! But I get the tie to Wall Street. Dang, we agree on something!

  • davidmpark

    Okay, I just followed the first link Mike has above:”Yellen: Economy is improving at moderate pace”. The way she carried herself at the hearing seemed so much like a marionette with faulty strings. Her language came out something like Gary trying to explain exactly how he’s entitled to the work and treasure of others: no specifics, uses a lot of buzzwords, and the bullet points obviously written by someone else. She stutters and uses a lot of filler.

    In my opinion, Yellen is over promoted. She seems so incapable of handling a hearing and seemed ill prepared; came in with focus group tested notes, and expected to be teased with a velvet glove. When asked what measurements are used to determine tapering; she gave a very generalized, unspecific, ramble to try and avoid answering a question she had no answer for.

    This is who is in charge of the US money supply and policy?!

    There needs to be a full audit of the Fed Reserve: all branches, all practices, all accounts, and into the upper and mid-level management. If Yellen is the cream that rose to the top, imagine the vinegar beneath!

  • no one

    Well those who believe the mainstream media should loose their jobs then see what they believe!

  • JailBanksters

    She is trying the ol’ Jewdi Mind Trick
    The Economy is getting better
    You don’t need to see the Feds Balance Sheet
    [waving hand side to side]
    Did it woik

  • Fiscal Conservative

    Janet Jewish Yellen is Ben Shalom Bernanke in Drag.
    Just like Obama is Bush inside out. A Spendaholic.

    • VegasBob

      Actually, I thought Yellen was just another one of Obama’s obese Communist Lesbian sycophants (e.g., Kagan, Sotomayor, Napolitano).

  • Scott S

    THIS administration and its minions continues the false narrative that seems to work so well with those that lack the common sense to see through the lies. Ms Yellen is the latest example..

  • chilller

    If you spend 5-6 years sending resumes to 1,500 employers and don’t have a job by then…you only have yourself to blame for being unemployed. After sending out 800 resumes over 1 years time I realized that my career field was comatose and was getting me nowhere. I spent the next year researching and training for my new career field in HVAC and now make more than I ever have. It was difficult accepting and changing careers at the age of 55 but it’s better than living in denial and pitying myself while wasting time pursuing a dead or dying job.
    Had Brian Perry spent his last 2-3 years retraining himself for a career field in need of people, he wouldn’t be in this article today. I have no pity for people who beat their dead horses and hold up their effort as some sort of badge of honor for perseverance. How many years of rejection does it take someone to realize their efforts are futile? I guess it depends on the person…

    • quagmire

      what was your career before HVAC

      • chilller

        Twenty 23 years as a product engineer in the semiconductor industry…most of those jobs are now in Asia. HVAC is one of those industries everyone, everywhere MUST have or freeze to death or lose their products which rely on refrigeration.

    • FirstGarden

      I appreciate what you’re saying here, except that it’s more complicated than that. Particularly here in Los Angeles county, it’s especially tough. In my case, there’s still lots of market for my line of work. Only, there’s an enormous amount of age discrimination (health insurance companies), and targeted hiring based on nationality (g o v ‘t tax incentives to corporations to build voting blocks.)

      I’m not calling myself a victim. Sometimes life is just tough, and like you said, you have to rethink your strategy. As such, I’ve had to pick up other lines of work, and rent out rooms, to survive.

      • chilller

        I’m sorry to hear that. You’d thing a big city like LA would have more opportunities. One thing I noticed in HVAC is many of the guys are 50+. Age doesn’t seem as important since they are so desperate for workers.

        • FirstGarden

          Well, so much of LA is overrun with Asians and Hispanics. Personally, I think they’re people just like you and I, wanting to work and provide for their families.

          What angers me is what the g o v t s at all levels are involved in, especially state and federal: targeted hiring solely for political purposes.

          It’s not so bad in the surrounding counties. There is a little more diversity. All sensible people believe in diversity.
          The g o v t does not. The new “diversity” is pretty much anyone but white males.

          Well, I still believe in true diversity, no matter what.

  • beezelnef

    I posted “Let them eat CAKE!!!” to the twitter picture of the dogs at the table.

    Quickly deleted.

  • americalsgt

    The other day I read something about how working fewer hours was a good thing and that we should be happy in that we can spend more time with our children, playing the piano, and writing poetry. With that kind of nonsense coming out of Washington, how can you believe anything?

    • Annette Smith

      A black guy on CNN was going on with that. My son and I just looked at each other.

      • HaHa

        A Black Guy going on about extra time for learning?!
        You’re a liar!!!

    • FirstGarden

      I think that would be great.. if only we could AFFORD it!!

  • Mondobeyondo

    That chart concerning the correlation between the Dow Jones today, and the Dow Jones in 1929… that is beyond creepy.

  • Mondobeyondo

    Grandma’s recipe for making omelettes (when we could afford to buy eggs and cheese)

    Heat the frying pan with the oil in it first. When it’s good and hot, cook the eggs first.
    Dump all four eggs in the frying pan and whisk them, or use a fork. for about 30-45 seconds. Beat and stir the eggs. Then add the cheese on top,
    DO NOT stir or beat the mixture any further. Let it cook for about a minute. Yes, I miss Shirley Temple. After a minute or so, if you have a spatula or fork turn one half of the cooked eggs over on its side, until it looks something like a taco. Cook for an additional minute or so. Enjoy! Serves 2 people. (if you have more, you’ll have to cook more!)

  • Obama’s Mutts

    She is right. You kooks are too busy hiding in your bunkers to see the green shoots of 2009 blossoming into a fine crop in 2014.

  • 68Impala

    I agree that the economy is in poor shape but the large brick and mortar stores are closing due to many reasons ie: internet sales causing a decreasein foot traffic. People’s tastes also change and many stores have closed down over the decades that at one time no one thought would disappear. Woolworth’s, Gimbels come to mind. Radio Shack is closing stores due to an awful product mix. Remember the Sears Catalog which was a staple for buying products years ago. BTW: my home was actually purchased to be put together in the 1926 Sears House catalog. Catoaog sales are also becoming a thing of the past, its all done online.

  • Westernman

    Is this Gary2 character for real? Can someone that brutally ignorant really exist? Or maybe he just enjoys pushing buttons and watching the results…

    • Joe Shmo

      I think that he is real. He has remained consistent in his posts over time. I find them woefully off target, but he seems like a true believer. He also when through some very difficult times last year, so lets wish him the best, and continue to pleasantly disagree with him.

      • lineman

        Id rather not…He is a thief in that he votes to get more of my money…His way of thinking is destroying this country so no I will wish him the worst and hope maybe when he hits rock bottom he will see the light but I doubt it…

        • Joe Shmo

          You are correct Lineman. I just hate to see people suffer, even when they do it to themselves (worse yet, impose it on others). I suppose in his case, the stupidity of his positions will prove to be life long.

          • lineman

            Yea I don’t him suffering the consequences of his actions and being able to see where he could change to ease his suffering…Insanity doing the same thing over and over and expecting different results..That would be him…

    • Mike Smithy

      Perhaps 2gary2 is a persona created by Michael just to yank our chains by being provocative.

  • Richard O. Mann

    If you tell the public a lie long enough, they will start to believe it. This is how the Obama gang ops. Truth? We don need no stinking truth!!

  • Bubba Johnson

    If the economy were improving they would not have interest rates so low. We are in big trouble because of the Federal Reserves policies.

  • Hank Kingsley

    I would love it if someone killed the Bernank.

  • grumpyhillbilly

    Its an evil plot by the elite. Put a woman in as Fed chairman, and an African American in as president. No one will dare criticize them or question them. It would be sexist and racist.

    • Guest

      He’s as white as he is black….50/50

      • Yasha7

        That’s very true, Guest. But which 50% does he play on?

        • Guest

          Agreed. The media loves to play on the ’50%’

  • Frank Anast

    Concerning the photo, well, it makes perfect sense that dogs would be seated at the same table as chimps!

  • Bill

    Funny thing–every time I write a sensitive comment it seems to disappear.

    • AngelQ

      Bill – I noticed the same thing with my comments. I thought this was a site where one’s opinion could be voiced, but I am beginning to think otherwise. Is Free Speech dead?

      • Bill

        A selective option at best

        • AngelQ

          An alternate news site that practices censorship. I find it extremely hypocritical considering that many alternate news sources are themselves discriminated against by the mainstream media. You would think that they would be open to allowing all view points instead of those they deem worthy.
          Sad, just sad…

          • Gay Veteran

            considering the variety of opinions here I doubt there is much censorship (and that is probably due to foul language)

          • AngelQ

            My comment didn’t contain vulgar language nor was it violent in any way, shape or form. It was just another point of view. Why the censorship? It wasn’t necessary, I’ve read worse comments thru this thread.
            It just shows me that Freedom of Speech is dying in this country.

          • Gay Veteran

            are you referring to the First Amendment? if so then that limits the government.
            you want “freedom of speech”, then quit bit*hing and start your own website

          • AngelQ

            I am not bitching, you would know it if I were. I am commenting and the last time I checked, I believe it is allowed.
            If you wish to be mean, cruel, callous, and quite frankly, an a77, then knock yourself out. But don’t be surprised when other people treat you the way you treat others.
            Good day…

          • Gay Veteran

            definitely whining

          • AngelQ

            and after reading thru several different threads, you are definitely a hypocritical jackwagon. no worries, karma will kick you in your teeth when you least expect it.

          • Gay Veteran

            why don’t you grab your lace hankie and head over to the fainting couch

          • lineman

            Soon I hope so we don’t have to hear such garbage from it anymore…

          • Gay Veteran

            and btw, I got kicked off Karl Denninger’s website and I didn’t complain but it was HIS website

          • AngelQ

            Gay – Why are you being so combative and mean? You don’t even know me or what I am about. That is odd because I am just making a comment on a site that censored me for making a comment. I honestly thought that an alternate news website would be more open to sharing more points of view. Obviously I was wrong. So why shout me down for voicing my thoughts?
            Do you like it when people do that to you?

          • Gay Veteran

            you must be a really delicate flower if you think I’m shouting you down

          • AngelQ

            karma will meet up with you, no worries, it’s all good…

          • Gay Veteran

            true, and you need to grow a pair

          • AngelQ

            No thanks, as a female, I do fine without them.
            Lady Karma loves people like you, she’ll be checking you out when you least expect it.
            Cheers!

          • Gay Veteran

            Cheers!

      • Gay Veteran

        you don’t own this site, so Michael can do what he bloody well wants to

        • AngelQ

          When it happens to you, I’m sure you will see the other side of the coin.

          • Gay Veteran

            it has happened to me, usually for foul language

    • FirstGarden

      It’s about key words, not about a desire to censor. Certain kinds of words are tracked by g o v t bots. (There just isn’t enough manpower to read billions of pieces of info per day) If such key words occur frequently enough, a human will start monitoring. Someone may think that we are what we are NOT, i.e. enemies of the state. Such undue g o v t attention is not wise, nor necessary, when it is so e a s i l y a v o i d e d.

  • Andsoitbegins

    It is so easy for her to say! They are in power, so they don’t have money problems. It’s all a lie to keep the peace! My teenagers can’t even find a job!

  • Mondobeyondo

    Janet’s following Ben Bernanke’s footsteps. Don’t worry though, those tiny shoes he left behind, are more than enough to fit Janet.

  • todd

    I wonder how many percription drugs this delusional pig face is on?

  • dabbobean

    As a husband and father of a bright and beautiful daughter I am so proud that a woman will be at the helm of the federal reserve when the entire US economy runs aground and breaks apart on the reef.

  • Alex

    The economy IS GETTING BETTER!! For the rich anyways….. I did a income increase comparison from 2006 to now. And the results were unsurprising. The income of the top 1% increased by a whopping 25%! And if you were at the 40th percentile your income increased by only 10.5%. Basically the higher someones income the higher the salary percentage increase. The classic rich gets richer and poor gets poorer scenario is playing out in the USA these days.

  • Selaretus

    As usual Oboob, the Fed, bankers and the stock market presstitutes lie to us hoping that we believe the ‘recovery’ lie and that most importantly, we start doing what we do best: CONSUME, to create a back door recovery of sorts. Unfortunately, the rich and the Oboob administration have gutted our meager savings so WE DON’T HAVE THE JOBS OR MONEY TO SPEND TO BUY THE CHINESE MADE JUNK PRODUCTS!!!!
    Yellen is a money printer member of the banker club just like chrome-dome Benny Bucks was and we can expect the same mindless, completely uncoupled policies. After all, what the American sheople want is to be told is that ‘everything is going to be OK and we are all going to be rich if we just get into the market.’

  • DJohn1

    Lets take those stores one at a time and what is wrong with their approach to marketing and sales.

    JC Penney, which lost $586
    million in three months in 2013, is planning to close 33 stores in 19
    states and lay off 2,000 people. JC Penney’s stock has lost 84 percent
    of its value since February 2012.
    I could have predicted this 5 years ago. I have been in their stores in Malls in this area. They are basically overpriced on their merchandise and are not competing with other stores in the area. They do have sales but it is not impressive. They are carrying around too much baggage in the form of high rent districts like Malls. That worked in the 70s. Not today. The merchandise is often out of date.

    Sears has decided to shut down its flagship store in Downtown
    Chicago, and it has closed 300 stores in the United States since 2010.
    Stock analyst Brian Sozzi noted that Sear’s inventory levels have fallen by
    23.7 percent since 2006. He also noted that Sears had $4.4 billion in
    cash and equivalents in 2005 but $609 million in cash and equivalents in
    2012. Sozzi, who calls himself a guerrilla analyst, has a blog full of
    disturbing pictures of empty Sears stores.
    I suggested to a sales manager that they were 20% overpriced on an air conditioner I was looking at. I do my homework. I know the prices on various units. He said he had no control over the price of an item. That was a corporate decision.

    The flagship of Sears has always been Kenmore and Craftsmen products. The key word here being quality. Kenmore is a conglomeration of brands under the Kenmore brand name. At one time it was top rated in the industry. Now, not so much. The last refrigerator I bought from Sears was a Kenmore, which was really a GE product. It broke down and had to be fixed.
    Craftsman has been sold and is now not the brand it used to be as accountants cheapen the name.

    Used to have a parts house here in town. That was enough to attract me as I repair most of my own products. Now they want you to order on line and pick the parts up at a store. That doesn’t work if you need the item back in service ASAP. They fell on their sword of accounting and ti shows.
    Surprisingly their outlet stores are more price competitive. The outlet stores are a separate company and are in no trouble whatsoever.

    Macy’s, one of the few retail success stories, is planning to close five stores and eliminate 2,500 jobs. Macy’s in this area was a company called Rike’s Department store originally. The business was built on high retail prices with quality goods that were consistently put on sale at reasonable prices and a high volume of newspaper advertising with their own font of type and style and a catalog sales approach of picture, header, description, retail price and sales prices with a time limit to buy them. Accountants cut 15 million dollars off the local retail advertising budget and went to slick glossy color ads inserted in Sunday papers years ago. They killed the market by doing this and I am not surprised they are hurting.

    Radio Shack is preparing to close 500 stores, according to The Wall Street Journal.
    Again you are dealing with small stores that used to have one of
    everything under the sun at prices approximately 25% over market price
    elsewhere. The goods were high quality for the most part. Years ago my
    children used to go into Radio Shack for a laugh. Yes the prices were
    that far over market price. I am surprised they have lasted as long as they have with this attitude in an internet oriented marketplace.

    Best Buy recently closed 50 stores and eliminated 950 jobs at stores in Canada.
    I recently visited my local Best Buy. I was not impressed. They have completely re-arranged the store, cut out most of the software, and what they did have was overpriced. (see a pattern here?) The stock in store does not reflect internet prices at all and it shows. I walked out because the items I was interested in were $19.95 vs. less than $5 elsewhere. The items in store reminded me of an ill-conceived circus of products reflecting major companies in the cell phone market.

    I would imagine someone working there could tell you a lot more of corporate mismanagement and its role in closing down a major electronic store business. Because that is what is happening.

    Target announced plans to eliminate 475 jobs and not fill 700 empty positions to reduce costs.
    Just when you thought it was safe to use a credit card Target has a major mess that makes me want to deal only in cash. Don’t even want them access to any information of mine. That is a reason they are in decline. That an a policy of returns that makes any of us aftraid to buy there.
    They cut their noses off to spite their faces when they got hard about returns after one Christmas.

    Blockbuster has closed down all of its stores. Not surprised. They lost the market when Redbox came out with $1 movies at any grocery store. The only thing they had going for them was the latest movies at a store near you. When two other stores competed with them they did not lower their prices to compete. Sound familiar?

    Most of what I have described is classic cases of Corporate Mismanagement. The trouble with Corporate Level Management is there is often no accountability. Anyone lower on the food chain can tell you just how bad that can get.

    Middle managers are especially vulnerable here as they are blamed when things go wrong and it is really corporate decisions that made the problem occur in the first place.

    I do not know Janet Yellen. I don’t know what her qualifications look like. Mouthing positive things without anything to back it up doesn’t sound good to me.

    I think we need people capable of doing a lot of original thinking outside the box if we are going to get out of our mess. Don’t see that happening any time soon.

    • FirstGarden

      I can really appreciate this because I was in retail for 28 years, 13 of those at Circuit City, 10 at The Home Depot. Higher prices are indicative of public companies needing to more profit to shareholders. The lean & mean big box movers and the internet really hurt them. The Great Recession (which is really “a contained Depression”) will finish many of them off.
      Thanks for such an informative post.

  • PaulC1

    Just yesterday I was speaking with a food supplier (to restaurants in the “casual dining” category like Chili’s, Olive Garden, etc) and he said that last year was devastating to the industry, and this year will be no better.

    Basically, he said that people’s eating habits are visibly changing. They’re not eating out like they used to. And when they do, they’re going to lower-cost, healthier places like Panera.

    Even McDonald’s is apparently not doing as well.

  • FirstGarden

    You can’t recruit people into a ponzi scheme by telling them the truth.

  • Gay Veteran

    oh noez, someone else parroting bible verse.
    hey junior, you obey all of Leviticus or do you just cherrypick?

  • Quagmeyer

    I’m pissed as well! Wtf is going on? The Libtards are so wreck less and it’s time for war between conservatives and Libtards!!

    • saxa

      exactly what they want, us fighting amongst ourselves instead of dealing with THEM. wake up will you please?

      • Quagmeyer

        You missed my point, “they” do need to be dealt with. Also anyone who goes along with their ways needs to be dealt with. It’s not just a few people we’re talking about.

  • Jus’Observing

    Is that doggie wearing a diamond necklace?!!!

    • Veteransforpeace

      Old Yeller
      Come back Yeller
      Best doggone dog in the west

  • peace angel

    SADLY this guy does not know that NO ONE is hiring anyone who is over 50 to do anything that a 20 year old can do. THERE are lots of law clerks and lawyers out there who cannot afford a law clerk or a secretary and MOST law clerks work from home from all over the world and this guy is looking at a $10 an hour job like the rest of the displaced senior and junior senior citizens in the US.

  • timmaahhyy

    I can tell this guy does not like obama. I am not a fan either but we have to accept that the problem we face is not a party problem. If Romney had won in 2012 or if Mcain had won in 2008 I still think we would be right were we are today. The US economy (or any national economy) is a large slow moving thing. The results that we see today are those of a process that was put in motion many many years ago. It could be argued that what we are about to experience is the result of things that happened under the Nixon administration. I just dont think there is much the O could do at this point besides abandon the green back and reboot the entire thing…who knows that might just be the last thing they try before we break up into individual states with no federal government.

  • hon788

    Fox news is the only news outlet stating the facts.

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