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U.S. economy

Gallup CEO Just Outted Government's False Unemployment Rate

The government's official unemployment rate is "a Big Lie," according to Jim Clifton, the CEO of 80-year old analytics firm Gallup. In a Feb. 3 op-ed, Clifton slammed the White House, Wall Street, and the media for celebrating about how unemployment is "down" to 5.7%.

Of course, here at Money Morning, we've called the "official" unemployment numbers cooked all along.

It's a good thing that Clifton is onboard with us – the more the merrier.

We want Americans to know there's a reason why they haven't "felt the recovery." Check out this breakdown...


CEO Envisions Bitcoin Stock System to "Wipe Out" Wall Street (Nasdaq: OSTK) CEO Patrick Byrne wants to create a Bitcoin stock trading system to make Wall Street obsolete.

Last month he created a wiki page on the Internet to solicit help in creating a decentralized, purely digital stock trading system that would use Bitcoin's blockchain – the mechanism that records and verifies all the transactions – as its foundation.

But while Byrne has made progress, he faces huge obstacles…

Citigroup’s CEO Prince Opts to Retire; Robert Rubin Steps in as Chairman

From Staff Reports The leadership crisis at Citigroup Inc. (C) finally reached climax proportions late yesterday (Sunday) after the bank announced that embattled Chief Executive Officer Charles O. "Chuck" Prince III would retire. Former Treasury Secretary Robert E. Rubin – chairman of the executive committee and a member of the board of directors – will […]

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