Economic analyst Peter Schiff, who accurately predicted the 2008 recession said recently that we are not in a bear market. Instead, “we’re in a house of cards that the Fed built.” Schiff is referring to the Federal Reserve, the United States’ central bank that answers to no one, has no competition, and has been responsible […]
14,889,930,106,680 Reasons to Fear Recession…
Traders and investors will be glad to see the back of 2018. It’s been the worst rout since 1901, by Deutsche Bank AG’s reckoning, with almost every asset class delivering losses. These charts illustrate the backdrop to what went wrong this year — and hint at what could go better in 2019. $14,889,930,106,680. That’s how […]
“This is where the next financial crisis will come frome”…
In an extensive, must read report published on Monday by Duetsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen and how the world could respond assuming it still has means to counteract the next…
The Federal Reserve Is Setting America Up for Economic Disaster…
I recently had the opportunity to read “The Creature from Jekyll Island” by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions…
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have a Job…
Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May […]
“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing in 2017…
The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures. While the shuttering of retail stores has been a frequent topic on this website, most recently in […]
The Obama ‘Recovery’: Number Of Millennials Living At Home With Mom Reaches 75-Year High…
Millennials finally get to claim a trophy for an achievement they actually earned (no participation medals here)…that’s right, Millennials have officially set a 75-year record for highest percentage of young adults living at home with mom…
Initial Jobless Claims Spike To 6-Month Highs – Biggest Annual Rise Since May…
Since 2014, the US Has Added 547,000 Waiters and Bartenders and Lost 32,000 Manufacturing Workers…
As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs…
The Biggest Washington Whopper Yet…
You can’t find lazier people than in the mainstream financial press, but their exuberant cheerleading about the purported 5.2% gain in the real median household income in 2015 surely was a new high in mendacity…
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