3 Things That Happened Just Before The Crisis Of 2008 That Are Happening Again Right Now
• By Michael SnyderReal estate, oil and the employment numbers are all telling us the same thing, and that is really bad news for the U.S. economy.
Contents Pages by Subject
Economy - Economics USA
Don't Get Distracted By The Trump/Fed Soap Opera - The Crash Will Continue
• http://www.alt-market.com, Brandon SmithAt the beginning of 2018 I wrote extensively on what was likely to happen under the administration of Jerome Powell, the new Federal Reserve Chairman.
New Home Sales Dive 8.9% in October, Down 12.0% From Year Ago
• moneymaven.io by Mike Mish ShedlockUpward revisions in Aug and Sep were not enough to offset a plunge in new home sales below any economist's forecast.
Builder Speculation: Supply of New Homes for Sale Surges to 7.4 Months
• moneymaven.io by Mike Mish ShedlockAs sales dwindle and interest rates rise, the number of unsold homes built on speculation has risen sharply.
Bearish On Fake Fixes
• https://www.zerohedge.com, by Charles Hugh SmithThis systemic vulnerability is largely invisible, and so the inevitable contagion will surprise most observers and participants.
One $500 Billion Fund Sees "Glorious Chaos" Within The Credit Carnage
• https://www.zerohedge.com, By Tyler DurdenThree years after quitting his job at Jeffrey Tannenbaum's Fir Tree Partners and starting his own hedge fund, 39-year-old Adam Schwartz believes he has found the next big short.
Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
• By Ben Eisen and Christina RexrodeRising mortgage rates are crushing much of the refinancing market. But Americans are still using refis to pull cash out of their homes.
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme...
• By Michael SnyderGeneral Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble
The Fallacy Of The Positive Impact From Falling Oil Prices
• https://www.zerohedge.comLast week, I had a conversation with a friend of mine about the plunge in oil prices in recent weeks. One of the biggest fallacies about plunging oil prices, and subsequently lower gasoline prices, is that it is a huge windfall for consumers. Even Pr
BLACK FRIDAY ZOMBIES 2018
• YouTube.Com - Mark Dice
U.S. Shoppers Storm the Stores in Black Friday Frenzy
• BloombergBuoyed by a strong economy, spending is expected to surpass $1.1 trillion over the entire holiday period, according to a forecast from Deloitte. Here's a glimpse of the retail frenzy.
BofA: The Triggers For A "Big Fed Panic" Are Forming
• Zero Hedge - Tyler DurdenReferring to what has become our favorite chart of 2018, in his latest Flow Show report, BofA's Michael Hartnett reminds his readers that Fed tightening cycles always end with financial "event" observing that much as peak liquidity in Q1 coincided wi
Free Vacations, $100,000 Discounts: Homebuilders Get Desperate
• Bloomberg Quint - Prashant GopalFrom builders' perspective the news is discouraging. New home purchases tumbled in September to the weakest pace since December 2016. Sales of previously owned homes dropped for a sixth straight month, the worst streak since 2014. Homebuilding stoc
A $9 trillion corporate debt bomb is 'bubbling' in the US economy
• https://www.cnbc.com by Jeff CoxCompanies are carrying a $9 trillion debt load, posing a potential threat should rates continue to rise and the economy weaken.
Bankrupt iHeartMedia Wants to Pay Top Brass Up to $33 Million in Bonuses
• Wall Street JournalThe payments would go to 11 senior managers at the nation's largest radio station owner
The US Treasury's Hammer: The Exchange Stabilization Fund
• https://www.newsbud.com by Pye IanThink back to when you saw that first Star Wars movie from 1977, and how the Death Star – this massive, cold, metal, ruthless, demonic Imperial battle station the size of a moon – was armed, mobilized & brutal enough to outright zap entire planet
Goldman Sachs believes the US economy will slow to a crawl next year
• https://www.cnbc.com by John MelloyGoldman predicts 2.5 percent and 2.2 percent growth in the first two quarters of 2019, respectively, but then just 1.8 percent and 1.6 percent real GDP growth in the final two quarters. "We expect tighter financial conditions and a fading fiscal st
"The Outlook For The Global Economy Has Deteriorated":
• https://www.zerohedge.com by Michael SnyderOil, Copper, & Lumber Signal The Next Economic Downturn Is Here
Fed Claims Economy Is Great...Which Means Prepare For A Crisis!
• youtube.com, RonPaulLibertyReportThe Fed is patting itself on the back.
Pence, Xi Showdown Crushes Hopes For Trade War De-escalation
• https://www.zerohedge.com, By Tyler DurdenFor two consecutive days US stocks surged on renewed hopes that trade tensions between the US and China may be thawing ahead of the upcoming G-20 meeting between presidents Trump and Xi...
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High
• https://www.zerohedge.com by Tyler DurdanTotal household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016.
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High
• https://www.zerohedge.com by Tyler DurdanTotal household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016.
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High
• https://www.zerohedge.com by Tyler DurdanTotal household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016.
11 Signs That The U.S. Economy Is Starting To Slow Down Dramatically
• http://theeconomiccollapseblog.comThe pace at which things are changing is shocking the experts.
NY taxpayers to pay $48,000 per Amazon HQ job
• http://www.fox5ny.comNew York state is kicking in more than $1.5 billion in taxpayer-funded incentives for getting half of Amazon's second headquarters located in a section of Queens.
"The Collapse Has Begun" - GE Is Now Trading Like Junk
• https://www.zerohedge.com, by Tyler DurdenTwo weeks after we reported that GE had found itself locked out of the commercial paper market following downgrades that made it ineligible for most money market investors, the pain has continued, and yesterday General Electric lost just over $5bn in
Mutual suicide pact of Dems & Reps
Menckens GhostPolitical divisiveness in the nation is a myth. Both parties are in lockstep where it matters. They and their minions are marching off a debt cliff together, with nothing in a democracy to stop them.
Stockman: The Nation's Fiscal Doomsday Machine Is Now Unstoppable
• https://www.zerohedge.com, by David StockmanEarlier this year the Donald provoked a bleep-hole moment per the Fox "family channel" or what was otherwise known as the shit-hole moment across the rest of the MSM.
When Fake Money Becomes Scarce
• https://www.zerohedge.com, by MN GordonRemaining Focused
The End Of The 'Nanny State' & What Happens To 'Prices' When Gold Is Money
• https://www.zerohedge.com, by Alasdair MacleodWe are getting ahead of ourselves here.
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