Author: unlawflcombatnt

This article debunks the myths about how the Smoot-Hawley Tariff in the 30’s caused harm to our economy. In reality, it had almost NO effect, as exports were only 5% of our GDP, while the total Depression area decline in...

Has the Recession Arrived?Monthly Factory Orders increased only 1% for the month of February, much less than the +1.8% increase predicted.This follows January’s decline of -5.7%. January’s Factory Orders decline was...

The new Vietnamese PNTR is a cheap labor bonanza for American multinational Corporations. On Friday, December 8th, the House of Representatives passed H.R. 6406, by a vote of 212-184This bill allows for...

Recession Likely Today’s Construction Spending and Manufacturing reports provided still further evidence of a sinking economy. The 2 graphs below from Briefing.com show the overall trend. Construction Spending declined 1%,...

Recession LoomingRetail Sales Decline: Harbinger of Recession? The total nominal increase in July 2006 Retail Sales of $368.405 billion was 3.9% from July 2005’s $354.414 billion. However, adjusting for inflation using the...