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While the robo-traders play tag with the chart points, it is worth considering how it will all end. After all, at today's close the broad market (S&P 500) was valued at 24.3X LTM earnings per share. That is, valuations are in the nosebleed section
the world into chaos. Central bankers are going to destroy the "enfeebled" global economy and cause chaos across the world, according to notorious perma-bear Albert Edwards. Edwards, a strategist with Societe Generale, is about as bearish as they
If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?
Euro Pacific Capital's Peter Schiff sat down with Alex Jones last week to discuss the state of the economy, and where he sees everything going from here.
For bull, no death throes … On Feb. 11, the day that the S&P 500 hit its correction low point, the financial press was filled with commentary from Federal Reserve Chairwoman Janet Yellen backing away from the possibility of four rate hikes in 2016
What is fiat money? It comes from "fiat," which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order.
This week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one-paragraph statement released by the White House following the meeting, Yellen, Obama, and Bide
Andrew Jackson, Who Fought Central Bank, Removed from $20 As "Public Concern for Liberty" Erased
The Saudi foreign minister threatened to dump $750 billion in US Treasuries if Congress passes a bill suspending sovereign immunity over state involvement in terrorist attacks on US soil. The possible release of the secret 28 pages of the 9/11 report
The Sub-Zero Club: Getting Used to the Upside-Down World Economy In the new reality of negative rates, borrowers get paid and savers get penalized
The Cass Freight Index, a "Measure of North American Freight Volumes" is up for the month of March but down once again on a year-over-year basis.
… Economic Pain Like We've Never Seen Before"
… Economic Pain Like We've Never Seen Before"
… Economic Pain Like We've Never Seen Before"
David Stockman Interview: End Of The 20-Year Credit Bubble---Now Comes The Reckoning
Last week, the Wall Street Journal published an article on rising student loan default and delinquency rates on the same day Ryan McMaken posted about rising tuition and fees at universities across the country.
Lately, I am getting, you know, really scared. Oh, not the ordinary kind of day in, day out kind of scared, constantly dreading both the appearance of childish-yet-pointless alliteration and the coming calamitous collapse of a catastrophic cataclysm
3 Classic Recession Signals Are Flashing Red
What's going on with the Federal Reserve? Two recent secret emergency Fed meetings -- and another unusual meeting with President Obama -- and now Janet Yellen is trying to sell the idea that the Fed exists to help main street, not Wall Street. Storm
I've gotten some emails from folks asking my opinion on "How's it all going to end?" As in, what major crisis is going to finally cause the American Giant to fall down and go boom? Guess what? There won't be a major crisis that does it.
The Census Bureau put out their monthly retail sales report this morning. During good times, the MSM would be hailing the tremendous increases as proof the consumer was flush with cash and all was well with the economy.
Former Fed Chairman Alan Greenspan said Thursday that monetary policy has reached the outward bounds of its effectiveness without another round of quantitative easing.
At a recent Senate Finance Committee hearing, the head of the IRS made a startling admission (or at least, startling to anyone who isn't aware of how criminal our government is).
The initial public offering freeze could finally be coming to an end. Bats Global Markets -- a stock-exchange operator giving the NYSE and Nasdaq a run for their money -- is set to go public on Friday.
Wells Fargo, the most valuable bank in the US by market cap, is getting crushed by the oil crash. On Thursday, the San Francisco-based bank announced earnings that beat expectations. But underneath the positive headline number, the firm said its oi
WE USUALLY do not complain when a commonly used consumer item gets cheaper, but first-class postage presents a bit of a special case. The sudden 2-cent drop in price, from 49 cents to 47 cents, on Sunday, makes a mockery of the "Forever" label
As The National Federation of Independent Business explains, the Small Business Economic Trends report shows that in March, small business owners felt less optimistic about the economy.
---NYC Luxury Condo Market On The Brink
$3 Trillion Black Hole Could Destroy Economy: "True Extent of Pension Problem Has Been Obscured"
With negative interest rates now the order of the day in much of the Western world, it's only a matter of time before financial institutions start charging American depositors for the privilege of keeping their money safe in the U.S. banking system
