“I Cry When I Think Back How Things Used To Be” – What In the World Has Happened To The America We Grew Up In?

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by Michael Snyder Earlier today, my attention was directed to a thread on an Internet discussion forum that lamented how much America had changed over the years.  I don’t know exactly why, but the posts on that thread really touched me.  Those of us that are old enough to remember what America was like before … Read more

Maybe Politics Matters After All

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BY JOHN RUBINO Looking strictly at the numbers it’s hard to work up much interest in whether Republicans or Democrats are in charge after 2020. Either way, trillion-dollar deficits and extremely easy money are guaranteed, which means the US – along with most of the rest of the world – will fall off a financial cliff … Read more

Q1 Carmageddon for GM, Fiat-Chrysler, Toyota, Nissan, Mercedes, Mazda…

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Ford wisely kept its mouth shut. The problem with Mercedes and BMW is that they don’t yet sell luxury pickups, though they’re finally figuring it out. The first quarter was not pretty for new-vehicle sales in the US. Deliveries fell 3.2% from Q1 last year, to 3.99 million vehicles. Unless a … Read more

The Hidden Cost of Losing Local Mom and Pop Businesses

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by Charles Hugh-Smith What cannot be replaced by corporate chains is neighborhood character and variety. There is much more to this article than first meets the eye: In a Tokyo neighborhood’s last sushi restaurant, a sense of loss “Eiraku is the last surviving sushi bar in this cluttered neighborhood of steep cobblestoned hills and cherry trees … Read more

There Is a Savings Crisis in America

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via CNBC: Policy experts, economists, business people and teachers are debating the extent to which personal finance education can turn around the fact that so many Americans are one emergency away from financial disaster. At the same time, the ways in which people think about how we can become financially better off are increasing and … Read more

Why Corporate America’s Profits Are Set to Drop

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via MarketWatch: Conference Board says manufacturing, food service, transportation, agriculture and construction could see their bottom lines hurt the most Surging labor costs and slower revenue growth likely will lead to a drop this year in corporate profits in the U.S. and other developed economies, according to a report out Monday from The Conference Board. … Read more

The Coming Credit Meltdown

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via Zerohedge: With investor attention increasingly focusing on what most believe will be the catalyst for the next financial crisis, namely a tsunami in corporate defaults as a result of the disastrous combination of record leverage, higher rates and an economic slowdown, overnight we presented the view of FTI global co-leader of corporate finance and restructuring, Carlyn … Read more

Globally, manufacturing dropping, retail dropping, auto sales dropping, housing dropping, revenues/guidance dropping. It’s all going lower and accelerating.

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https://twitter.com/PuffDragon11/status/1113214483231531008 Economic Data Weakens, Markets Soar. Are We Repeating 2008? Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. China To West Coast North America 40ft Shipping Container Rate is telling the real story of Walmart pic.twitter.com/MGu4ifF1H8 — Alastair (@StockBoardAsset) April 2, 2019 https://twitter.com/hks55/status/1113263190081773568 🤨Retail Sales Plunge, … Read more