A Soft Landing Is Impossible - Ep 932
• https://www.youtube.com by Peter SchiffA Soft Landing Is Impossible - Ep 932
Contents Pages by Subject
Economy - Economics USA
The New Residential Construction Report Shows Housing Starts Rise 1.9 Percent
• https://mishtalk.com by MishThe negative revisions in housing starts continues. Absent the revision, starts rose about 1.0 percent.
Unpayable Debts, Unwinnable Wars -- Is America Heading For A Crack-Up Boom?
• https://www.youtube.com, RonPaulLibertyReportHistory is filled with examples of failed attempts to 'conquer the world.'
Employment Is Sending Signals: Recession Or Normalization?
• https://www.zerohedge.com, by Michael LebowitzIn February 2023, we wrote Janet Yellen Should Focus On HOPE. The article walks through Michael Kantrowitz's HOPE model.
BlackRock Officially Files Spot Ethereum ETF Application With SEC
• https://www.zerohedge.com, by Tyler DurdenBlackRock (BLK), the world's largest asset manager, has filed an S-1 form with the U.S. Securities and Exchange Commission to issue a spot ether (ETH) exchange-traded fund.
Rickards: The "Trilemma" That Runs The World
• https://www.zerohedge.com, by James RickardsToday we're considering the real environment that determines economic conditions.
The Bottom 80% Has Gotten Significantly Poorer Since The Pandemic Began, -
• http://theeconomiccollapseblog.com by Michael Snyd-And This Is Creating A "Robin Hood Mentality" All Over America
Exposing Our Fed-Driven Bubble Economy
• https://www.zerohedge.com, by David GordonDavid Stockman served for a short while as budget director during Ronald Reagan's first term as president, but he soon resigned owing to Reagan's refusal to cut government spending.
Walmart Crashes On Disappointing Guidance, Warns That Consumer Spending Is Deteriorating
• https://www.zerohedge.com, by Tyler DurdenAfter yesterday's solid (inventory liquidation driven) earnings from Target, many were hoping for follow through today from the OG, the world's largest retailer WMT which reported Q3 results at 7:00am ET.
CPI Unexpectedly Misses Across The Board, Core Inflation Lowest In Over 2 Years
• https://www.zerohedge.com, by Tyler DurdenFollowing two months of hotter than expected prints (driven by surging energy prices and healthcare methodology changes), the October CPI print was expected to slow materially from the previous month...
Biden's response to America's latest downgrade really proves the point
• The Daily BellThat was enough to scare the entire ratings industry into submission. No matter how high the debt burden became, how incompetent the Congress, how outrageous the budget, how ridiculous the legislation… the rating agencies refused to downgrade the U
Peter Schiff and Dan Ball: Things Are Even Doomier and Gloomier Than They Look
• LewRockwell.com - Peter SchiffPeter Schiff recently appeared on Real America with Dan Ball to talk about the latest employment data and the state of the real estate market
The Middle Class Is Working Harder Than Ever, But It Is Being Absolutely Eviscerated By "Bideno
• The Economic Collapse Blog - Michale SnyderWhat in the world is happening to the middle class?
Peter Schiff: Things Are Even Doomier And Gloomier Than They Look
• https://www.zerohedge.com, Via SchiffGold.comPeter Schiff recently appeared on Real America with Dan Ball to talk about the latest employment data and the state of the real estate market. We know there is a lot of doom and gloom in the headlines, but Peter said the situation is actually doomier
Illegal Aliens Flee Sanctuary Cities for Their Native Countries:
• https://www.breitbart.com, JOHN BINDERIllegal Aliens Flee Sanctuary Cities for Their Native Countries: 'American Dream Doesn't Exist Anymore'
Hold Off The Big Christmas Splurge, Bargains Will Be Better Later
• https://www.zerohedge.com, By Mish ShedlockChristmas season rates to be dismal according to shipping analysis. And the economy is iffier than most think. Hold off on early sales, or better yet, just say no to a Christmas splurge.
Host:
Ernest Hancock
2023-11-09 -- Ernest Hancock interviews John Sneisen, John Cunnington on Outerr.net - MP3&4
Program Date:John Sneisen (The Economic Truth) and James Cunnington (Outerr.net) comes on the show to discuss Outerr.net - the frontier of private, decentralized communication
'The damage has already been done':
• https://www.businessinsider.com by William EdwardsA 31-year market vet shares 3 pieces of evidence that the labor market is about to collapse, sending the economy into recession and the stock market spiraling
U.S. Banks Are Sitting On $650 Billion In Unrealized Losses...
• https://theeconomiccollapseblog.com, By MichaelU.S. Banks Are Sitting On $650 Billion In Unrealized Losses, And That Means Disaster Is Just A Bank Run Away
AND SO IT BEGINS
• https://www.theburningplatform.com, AdministratorWhat fool would buy 30 Year US Treasuries when the US is adding $2 trillion per year to the national debt?
America's Growing Economy - Brought to You By Visa and Mastercard
• https://schiffgold.com BY MICHAEL MAHARREYMainstream financial network pundits and government officials keep telling us that the economy is chugging along because Americans continue to spend money. But it's clear that borrowing is the only thing sustaining this spending spree.
A Third Major Burger King Franchisee Declares Bankruptcy
• https://www.zerohedge.com, by Tyler DurdenPremier Kings, a 172-unit Burger King franchisee whose owner died in 2022, declared bankruptcy protection, saying that operating losses even after the company closed restaurants forced the issue.
Credit Card Delinquencies Surge as Consumer Debt Tops $17 Trillion
• https://mishtalk.com by MishConsumer credit is finally showing signs of rolling over. And credit card delinquencies surged in the third quarter.
There's No Easy Way Out of This Debt Spiral
• https://www.lewrockwell.com, By Ryan McMakenWe're about six weeks into fiscal year 2024, but if this year looks anything like last year, we can assume the federal government will continue to pile up debt at astonishing rates.
Looming debt...
Donna HancockLarge amounts of corporate debt is due for repayment next year
The Economic Truth: Do You Really Own Anything?
• The Morgan Report - YouTube.comDavid Morgan and John Sneisen engage in a discussion about the reality of ownership and if we truly own anything.
Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts,...
• CNBC...says profit will be at lower-end of guidance
Salomon to Dismiss 12% of Staff And End Its Municipal Bond Role
• New York TimesIn a retrenchment expected to be followed by other leading Wall Street firms, Salomon Inc. said yesterday that it would dismiss 12 percent of its work force, close its municipal bond department and re-examine its space needs in New York City and arou
The Money Has Stopped Flowing in Commercial Real Estate
• Wall Street JournalDecline in construction loans has been particularly severe as lenders continue to cut back
Used Vehicle Prices Record Largest Maximum Drawdown In History
• https://www.zerohedge.com, by Tyler DurdenAuto research firm Cox Automotive - the owner of the closely followed Manheim price index - published new data this week for October that shows wholesale used-vehicle prices continue to slide and have reached the lowest levels since April 2021.
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