by Tom McClellan 10 years ago in June 2008, oil prices were making a top above $140/barrel, which turned out to be an exhaustive blowoff top. A steep collapse ensued, taking oil prices down to below $40 in January 2009. Crude oil gives us a 10-year leading indication for what the stock market is going to … Read more
via The Week Is another global financial crisis on the horizon? Investors are increasingly worried that an escalating political crisisin Italy could lead to a populist, euroskeptic government taking power. As a result, there’s rising uncertainty about whether the country might eventually abandon the euro currency zone or default on its giant debt pile. To make things … Read more
via Selwyn Parker In the year 1929, as America slides into recession, a Republican senator, avowed patriot, Mormon “prophet” and businessman named Reed Smoot decides that he wants to do something about saving the country’s jobs. They are being lost, insists Senator Smoot, because too many countries are selling too many goods into the United States and undermining … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the growing pension bubble and why it may burst sooner than later. In the most recent news, state pensions are at risk of crashing. According to a recent study by The Pew Charitable Trusts, the risk of a collapse is massive if the economy … Read more
by Jon Rappoport In several recent articles (all here under category: socialism), I’ve exposed the myth that socialism is a revolution of and for the people. I’ve presented evidence that socialism is actually a movement owned, operated, and funded by ultra-wealthy elites. Dupes, foot soldiers, blind idealists, indoctrinated students, and low-level thugs are recruited through cutouts … Read more
Ecommerce is growing approximately 23 percent each year. Yet nearly half (46 percent) of small businesses in the U.S. do not yet have a website. What is the most important decision you’ll make when you’re establishing an ecommerce store? Well, setting your product lineup is certainly important as it dictates the very nature of your … Read more
by Jim Quinn Record low unemployment rate my fat ass!!! Don’t believe the BLS bullshit. Scanning the Household data proves it is bullshit. If the economy was booming the number of people not in the labor force would be declining, as discouraged people came back into the work force. From May 2017 through September 2017 … Read more
via @tomwfranck “I think we’re in a rolling bear market,” said Mike Wilson, Morgan Stanley’s chief U.S. equity strategist. “It’s fooling everybody at the index level, but there’s a lot of pain out there.” The strategist’s comment came as the S&P 500 fell 0.3 percent and the Dow Jones industrial average slipped nearly 1.2 percent. The most bearish strategist tracked … Read more
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Josh Sigurdson talks with author and economic analyst John Sneisen about the risks the Canadian housing market are seeing as the bubble continues to gain pressure all while interest rates rise. Prices have been rising dramatically in many local housing markets throughout Canada to a level that cannot sustain itself. In recent months, the rallies … Read more