by Michael Snyder We continue to get more confirmation that the global economy is slowing down substantially. On Monday, it was China’s turn to surprise analysts, and the numbers that they just released are absolutely stunning. When Chinese imports and …
via CNBC: Shortly after Apple slashed its revenue guidance for the first quarter, Goldman Sachs said the iPhone maker will likely have to bring down numbers for the full year. As those results drop further, so will the company’s shares, …
by Michael Snyder Was 2018 everything that you expected it to be? Every year contains surprises, but 2018 truly turned out to be a year that we will never forget. Over the past 12 months we witnessed great political shaking, Wall …
via thistimeitisdifferent: Records are being broken shattered … Technically, a bear market is a 20% or more drop from a recent peak. The S&P 500 is down 12.06% in 2018 (so far), the most since 2008. It is also down 20% from its peak …
Investors rush into bonds in record numbers as global economic outlook falls to worst in 10 years “This month’s survey [found] the biggest ever one-month rotation into the asset class” of bonds, Bank of America Merrill Lynch says. The monthly …
via Zerohedge: Another attempt to rally S&P futures overnight has fizzled, this time as a result of weakness in Europe and a mixed session in Asia, following a sharp decline in European retailers due to a record plunge in UK …
via CNBC: For example, 27 percent of people in Florence, South Carolina, who bought their car with a so-called subprime score — defined as a VantageScore between 300 and 600— are delinquent. Yet just 3 percent of residents with …
by Michael Snyder Fear is spreading like wildfire on Wall Street, and on Friday we witnessed yet another wave of panic selling. The Dow Jones Industrial Average fell another 559 points, closing at 24,389. Previously I had warned that once we …
by Kenneth Boyd of CPA Accounting Institute for Success It’s no secret that tax law in the United States is extremely confusing. Even the length of the official tax code is subject to wild speculation; people estimate it to be somewhere …
via visualcapitalist: For American retailers, Christmas comes a month earlier. Starting in late-November, the holiday shopping season officially kicks into high gear – and it’s the beginning of a month-long stretch that can either make or break retailers. Black Friday is …
The Senate has concluded there is no evidence to support the allegations of Christine Blasey Ford. Saudi Arabia is saying they will be vindicated in the murder of Khashogi. The Trump administration is now putting pressure on Saudi Arabia to …
WASHINGTON — Voters across the country have been crowding into polling places and mailing in ballots in numbers rarely seen in an off-year election. In some states, more people are on track to cast ballots in early voting than in the …
via PJmedia: Dr. Robert Epstein, a psychologist who studies search engine manipulation effects (SEME), has warned that Facebook and Google could shift as many as 12 million votes in the 2018 mid-term elections. A new Recode analysis of employee contributions at tech …
by Michael Snyder As the middle class disintegrates and poverty grows, more Americans than ever are becoming dependent on the government just to survive. Today, we live in a country where most workers do not earn enough to support a middle …
https://www.youtube.com/watch?v=-Ln4NcLzI84 Joseph Lawler for the Washington Examiner reports, The federal budget deficit rose to $779 billion for fiscal year 2018, the Treasury Department reported Monday, the largest government shortfall since 2012. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/po…
via visualcapitalist: Drug overdoses are the leading cause of death for Americans under the age of 50, who are now more likely to die from a drug overdose than from car accidents or firearms. The United States has the dubious distinction …
The number of hogs and poultry killed in Hurricane Florence flooding is already double the casualties from Matthew in 2016, and the losses are expected to mount this week as new information comes in from farmers as they gain access …
MBA data weak pic.twitter.com/5K9li80HU7 — Alastair (@StockBoardAsset) September 12, 2018 trade war should continue flattening 2s10s — next ff hike inversion? pic.twitter.com/gppzE4mrmF — Alastair (@StockBoardAsset) September 12, 2018 Ouch! #China money numbers just out for August. Not encouraging. #economics pic.twitter.com/0C8MTFHscv …
If you think you’re not at risk of identity theft, think again. via washingtonexaminer: Nearly 40 million Social Security numbers have been stolen and used by illegal immigrants and others to get work, according to agency records obtained by an immigration …
Josh Sigurdson talks with author and economic analyst John Sneisen about the real Canadian unemployment numbers. Recently a story came out showing that Canada shed 51,600 jobs in the last month, wiping out the gains from July. The problem is, …
Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.” VS. Trump’s Economy: “That’s a wow number.” “It keeps getting better and better and better.” See video will blow you away Obama’s Economy: “That’s …
HMM: Internal documents reveal the grueling way Tesla hit its 5,000 Model 3 target. Of the 5,000 Model 3s that contributed to Tesla’s end of June manufacturing target, about 4,300 of them required rework, according to internal documents viewed by Business …
by Michael Snyder America’s long-term “balance sheet numbers” just continue to get progressively worse. Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just fine. But …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The ugly market-share battle in reimbursed ground transportation. Rideshare companies are shaking up the rental-car industry and the taxi industry in the US. In at least one segment that we can track – company-reimbursed ground transportation …
by David Panizzutti This article is not so much about economics as it is about life. The two are more entwined than the average person wants to accept. I remember as a young boy a wise older friend told me that …
Authored by Brendan Brown via The Mises Institute, Demand for financial engineers rises and falls with asset inflation. So there is nothing odd about these professionals now enjoying a good market for their services. But why is Big Tech such …
by Michael Snyder Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe. Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy …
The jobs numbers that came out last week fail to take into account the fact that a strong plurality of Americans have to work 2 or more jobs to make ends meet. The McJobs that were touted as the engine …
by Michael Snyder Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media. The truth is that they actually aren’t very good at all. For years, the federal government has been taking numbers …
Let me get this straight. PP is funded through tax payer money and in turn PP donates tax payer money to Democratic candidates? That seems totally legit…. You are funding the Democrat Party with your tax dollars whether you like …