Well guess what? Now Tony Robbins is warning that an economic collapse is coming. In fact, he has issued a special video warning about what he believes is about to happen.
One long "Helter Skelter" ride to oblivion.
Anywhere between 25% and 50%, if not more, will be unemployed in many places, and without any material means of existence. "Increasingly, people are going to lose it", says Celente. Does anyone doubt that?
The total amount of economic suffocation this will all bring is unquantifiable. But it should start getting obvious that in addition to Fed money supply manipulations, there are a lot of reasons most sectors of the economy are at best stagnant.
Starting next year, this key age cohort for both the economy and the markets will begin to decline — according to official forecasts, each and every year to 2021. The last time we saw sustained declines in this part of the population was from 1975-83
Watch the deteriorating transformation of the U.S. economy from January 2007 -- approximately one year before the start of the recession -- to the most recent unemployment data available today.
Investors withdrew a staggering $33 billion from domestic stock market mutual funds in the first 7 months of this year, according to the Investment Company Institute. Now many are choosing investments they deem safer, like bonds.
It is going to be a tough environment for the next 6-8 years. That is just what happens when you have a deleveraging / balance sheet / deflationary / end of the Debt Supercycle recession. It is what it is, and no amount of wishing or finger pointing.
This is a three part interview with Gerald Celente.
These withdrawal numbers support the Hindenburg Omen indications that the stock market has been climbing with less and less cash flow to support the advance. This, of course, suggests the potential for severe downside action in the stock market.
This is could be more bad news for America—or it could just mean that creative destruction is alive and well." Either way, the chart is sure to see quite a bit of airplay this election season, as the populist rhetoric heats up.
The Hampshire's 18-hole course on Long Island Sound, along with its tennis courts, pool and restaurant, is closed. Members cited rising costs of $25,000 a year for a membership as the roster fell from several hundred at its peak to about 100.
In the real life version of inception, the state tried to implant in all our heads the idea that there was no depression, no economic collapse, no housing crisis, no push back on real estate prices, and really no serious problem at all...
Many Americans are beginning to realize that for them, the American Dream has been more of a nightmare of late. They face a bitter reality of fewer and fewer jobs, decades of stagnating wages and dramatic increases in inequality.
Like a dog-eared paperback in the discount bin, Barnes & Noble Inc (BKS.N) may prove to be a tough sell.
Year over year, the number of patrons coming to restaurants has declined for each of the last seven quarters — the most prolonged drop in the 22 years that the company has been keeping track, she said.
Eight down today.
With three HO events within a few days of each other that is plenty of indication for me that instability exists and that the potential for major downside action is very high.
Our Daily Growth Index has reached a year-over-year contraction rate of 5%, and it is rapidly closing the gap on the worst contraction rate observed during the 2008 Great Recession
Loans and withdrawals were highest among workers between 35 to 55 years old, Fidelity found, peak earnings years.
The crux of the problem, Celente argues, is that the middle class has been wiped out. America used to be a land of opportunity for all, where hard-working people could build their own small businesses in their own communities and live prosperous...
Either way, the weekly chart speaks volumes. And with all input signals into the ECRI once again deteriorating, we expect the second leg down in the ECRI to continue, revised or not.
In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.
Moody's reported (via Bloomberg) today that the Moody’s/REAL All Property Type Aggregate Index declined 4% in June. This is a repeat sales measure of commercial real estate prices.
This year's federal deficit will exceed $1.3 trillion, Congress' official budget analysts projected Thursday in a report underscoring election year perils both parties face as they struggle to balance conflicting demands to trim budget shortfalls, sp
"If current conditions hold," State Controller John Chiang said, "we could start issuing IOUs in two to four weeks."
The index fell 4.45% from last year. Carl Steidtmann, chief economist with Deloitte Research said the downward trend of house prices since the end of the homebuyer tax credit has made it the "biggest drag on the Index."
Philly Fed comes in at -7.7, trouncing expectations of 7.0, and is the lowest number since August 2009, and first contraction since July 2009. Was the number even in the range of bearish expectations?
In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an increase of 12,000 from the previous week's revised figure of 488,000.
The stark reality of the economic downturn is reflected in court statistics showing U.S. bankruptcy filings rose 20 percent from June 2009 to June 2010.