We're in the early stages of a depression now. It's going to be a horrific experience for average Americans who are going to watch their standard of living plunge. The cost of living is going to escalate dramatically.
"Comparing to the recessions of the post-World War II period is a total waste of time," he said. "This is a totally different animal."
Easily the most feared technical pattern in all of chartism (for the bullishly inclined) is the dreaded Hindenburg Omen. Those who know what it is, tend to have an atavistic reaction to its mere mention. Those who do not, can catch up...
This is a story of a 100-year-old trucking company, trying to keep up with the competition in today’s need-it-now, around-the-world, around-the-clock, just-in-time economy . . . * wanting to return to the days when it operated as an unchallenged
Cisco Systems Inc CEO John Chambers' comments on the economy sent jitters through financial markets on Thursday, stoking fears that a recovery in technology spending could be waning.
None of our foreign creditors will want dollars. With fiat money in retreat all over the world -- and currencies devaluing against each other, the world's peoples will turn to the only money they can trust -- gold.
"US credit risk is huge and America has two options, either default or let the currency depreciate substantially against currencies such as the yuan and the rouble," he explained.
We have 78 million baby boomers who, when fully retired, will collect benefits from Social Security, Medicare, and Medicaid that, on average, exceed per-capita GDP. The annual costs of these entitlements will total about $4 trillion...
The first of the boomers are now retiring with nobody around to buy their monster homes and the Fed is now fighting a deflation battle that is prompting comparisons to Japan for the past two decades.
Stocks slumped at the open on Wednesday after weaker manufacturing data from China and a gloomier growth outlook from the Federal Reserve underscored a lackluster global economic recovery.
Australia ’s own government-established Commonwealth Bank achieved some impressive successes while it was ‘the peoples’ bank’, before being crippled by later government decisions and eventually sold. At a time when private banks were demanding 6% in
IMF report, entitled “Reserve Accumulation and International Monetary Stability,” offers very specific proposals which — not surprisingly — would involve handing it massive new powers over the global economy.
Yesterday’s markets barely moved in any significant direction, so we will ignore them and go on to today. It’s a big day for the men who rule us. The Fed’s Open Market Committee meets to decide what to do.
Gerald Celente is mad.
This chart pack is likely to be fresh in the minds of every FOMC member as they consider their votes and views today.
“The magic 100% level in the YoY change in oil gives us a 100% chance of a recession in the succeeding twelve months. This indicator suggests that ISM will fall to 40, or even 35, in the coming months before recovering…”
The persistence of Index readings below 90 is unprecedented in survey history. Owners have no confidence that economic policies will “fix” the economy... Bottom line, owners remain pessimistic and nothing is happening in Washington...
Whether we call it cynicism or realism, these young people trust their employers as much as they’ve seen companies take care of their parents and grandparents over the past 20 years — and that’s not much.
In an interview with Tech Ticker, writer and analyst Chris Martenson makes the case for stagdeflation, or basically, inflation and deflation simultaneously, an idea which has suddenly become the en vogue outlook of the moment.
Today’s disappointing payroll report reveals that the U.S. economy has failed to respond to the massive fiscal and monetary stimuli that have flooded the nation over the past two years. Not only is the news bad for job seekers and political incumbent
Wages are a key indicator of what direction the economy is going, and new data just released by the Bureau of Economic Analysis points to significant per capita income deflation in metropolitan areas across the U.S.
The letter tacitly reminds that there are thousands of regional banks whose balance sheets are chock full with underwater commercial real estate. So in case taxpayers are wondering where the next fiscal stimulus will end up going, wonder no more.
The unemployment rate in Stockton, the county seat of San Joaquin County, is 19.8%. It's 29% in the nearby hamlet of Garden Acres, higher than any city of its size in Southern California's Inland Empire.
The greatest loss of the last decade was not in 401-Ks or manufacturing jobs or foreclosed houses, but the rule of law. Without genuine rule of law, anything goes and nothing matters. As a consequence of that, finally, everything goes.
Get a clue, Mr. Obama, the tea party is expanding into the ‘fed up’ party and it includes all races, all classes and all political persuasions. Your “hope and change” will mean rice and beans for the majority of Americans very soon. While you and yo
There’s a class war coming to the world of government pensions. The haves are retirees who were once state or municipal workers. Their seemingly guaranteed and ever-escalating monthly pension benefits are breaking budgets nationwide.
This trend of never leaving home has sparked an almost tragicomical countertrend of Japanese parents who actively seek mates to marry off their "parasite single" offspring as the only way to get them out of the house.
Government is trying re-inflate the Housing Bubble. This article was written 3 months before I started my first Radio Talk Show here in Scottsdale Weekdays morning drive and 2 years before the beginnings of FreedomsPhoenix... but I feel the same vibe
Yves Smith is a major thorn in the side of Mish Shedlock, and for that reason alone I listen to what she has to say. You may not agree with all of her opinions, but she knows what is happening to this country.
If the government fears the “recovery” will be further impinged by higher energy prices then look for “quantitative easing” to become both the driving force of our economic policy and poison that finally kills the dollar.