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Ignore what the government is telling you. The real unemployment rate among U.S. citizens and permanent residents is at least 18 percent, says Peter Morici, a professor of international business at the University of Maryland and a Moneynews Insider. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, have quit altogether. They are neither employed nor looking for work. [Full Story]
Marc Faber Still Adamant: Stocks Will Drop Up to 30%
For months Marc Faber, publisher of the Gloom, Boom & Doom Report, has predicted that U.S. stocks would plunge, and for months they have repeatedly hit record highs.... [Full Story]
One of the unwritten rules of modern central banking is that, unless [Full Story]
Dan Fuss says geopolitical risks will keep the Federal Reserve from raising [Full Story]
The Federal Reserve's easy money policy is fraught with risk, asserts [Full Story]
The U.S. should investigate Facebook Inc.'s plan to collect the Web [Full Story]
Barron's columnist Gene Epstein takes Nobel laureate economist Paul Krugman [Full Story]
Tax inversion mergers are all the rage among U.S. corporations now. They [Full Story]
More than 35 percent of Americans have debts and unpaid bills that have [Full Story]
The jobless rate may be down from its recession peak of 10 percent, but [Full Story]
Contracts to buy previously-owned U.S. homes unexpectedly fell in June, casting a cloud over the housing market recovery. [Full Story]
Merck reported earnings that more than doubled in its second quarter, and topped analysts' expectations. [Full Story]
Oil production in New Mexico keeps on booming. Don't expect it to go bust anytime soon. In fact, some energy experts say the peak still hasn't been reached. [Full Story]
Tax inversion mergers are all the rage among U.S. corporations now. They are taking over foreign companies and then domiciling in the foreign country to avoid U.S. corporate taxes, which run as high as 35 percent. [Full Story]
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student... [Full Story]

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