by thatguy201717 Every time I turn on CNBC or Bloomberg there’s talking heads describing American’s as having strong personal balance sheets. I call bullshiit. The American Consumer is nearly tapped out of all savings, credit card debt has been on …
by Charles Hugh-Smith As workforces shrink and opting out becomes increasingly attractive, Global Growth implodes on both the production and consumption sides. A funny thing happened on the way to permanent global growth. Actually, three funny things happened. One is the …
In just 12 months several big caps lost more than 70% of its market cap. If we are not in recession, what kind of economical condition we are? $META $PYPL $ROKU and so on…… — Antonio Costa (@ACInvestorBlog) November 3, …
Weekly wages (incomes) adjusted for inflation are falling of a cliff This will hit demand harder than any interest rate hikes pic.twitter.com/wTmndzUsRv — Andreas Steno Larsen (@AndreasSteno) July 26, 2022 The pandemic era was the biggest money transfer scheme to …
Car Repos Are Exploding. That’s a Bad Omen. https://www.barrons.com/articles/recession-cars-bank-repos-51657316562 AC
by Boo_Randy The housing bubble busts in the hottest markets like Australia and New Zealand, where people borrowed as much as 11X their income due to insanely overpriced housing, are going to be spectacular. Got popcorn? https://www.news.com.au/finance/economy/interest-rates/500000-aussies-facing-mortgage-cliff-as-ultralow-fixedrate-terms-wind-down/news-story/c12c6a483498468ee017a48dba58d37d Hundreds of thousands …
A giant rock dislodged from a scenic canyon in southern Brazil, smashing into three boats, killing at least six people and leaving nine injured Saturday. In the horrific scene, captured on video, boaters scream as they watched a large slab …
by The Phoenix Stocks are now on the edge of a cliff. The S&P 500 broke below its 50-DMA two weeks ago. It has since failed to reclaim this line. That is the first time this has happened this year. The …
Do you feel the fear of missing out? This is evident in stocks and real estate today. Real estate continues to increase in price right now as we see low interest rates keep this going. There is upward pressure on …
Two distressing facts to remember about President Biden’s new 10-year budget proposal. First, his proposed spending spree would bring the largest federal debt in American history. Second, this budget does not even include additional spending and debt proposals that are …
The disgraced, far-left hate network CNN is experiencing a catastrophic decline in viewership. For the most recent week available, CNNLOL has failed to average even a million viewers during its primetime hours. In total day, the racist outlet barely climbs over …
Steve St. Angelo with Patrick V. on Silver Bullion TV SBTV spoke with Steve St Angelo of the SRSRocco Report about the coming energy cliff that will bring about global decline similar to the collapse during the late Bronze Age. Steve believes that if …
by Charles Hugh-Smith Oops. Looks like the Fed’s magic (and our luck) have finally run out. Now that we’re teetering on the edge of the cliff, it might be a good idea to retrace how we stumbled down to this …
by Chris Vermeulen of The Technical Traders Recent news that Theresa May was unable to convince members of Parliament to even consider her current deal as well as the future political and societal consequences of any failure to move ahead with an orderly …
Look at this chart: ratio of “present situation” to “expectations” from the Conference Board confidence report. Cut-and-dry sign of a tapped-out consumer. A great leading indicator at turning points because it either coincides with the recession or occurs a few …
via Zerohedge: Earlier this month, when we reported that in the latest warning about China’s housing sector, the Communist Party’s People’s Daily warned that China’s regional economies need to reduce their reliance on the property market for growth and instead …
by David Haggith It’s downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year … …
by John Coumarianos Asset manager Cliff Asness recently wrote an op-ed piece in the Wall Street Journal wondering if those who decried companies buying back their stock didn’t suffer from “buyback derangement syndrome.” Asness allowed that net investment, normalized by total assets or total market …
A high-risk blinking contest no one wants to lose. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. A messy, no-deal Brexit could throw 48 million insurance contracts and £26 trillion ($34 trillion) of derivatives deals into confusion. Nausicaa Delfas, head …
by Charles Hugh Smith The signs are everywhere for those willing to look: something has changed beneath the surface of complacent faith in permanent growth. This is more intuitive than quantitative, but my gut feeling is that the economy just …
by Gordon T Long SELF INFLICTED ABUSE In the fall of 2015 we released a video study entitled: “The Coming Global Auto Abyss – Too Much Supply, Too Many Brands; Combine with Too Much Credit!”. We concluded that low interest rate …