by Dennis Miller Former Fed Chairs, Janet Yellen and Ben Bernanke took great credit for steering the world recovery from the great recession. When something good happens, it’s a result of their masterful strategic planning. Why are they totally surprised when …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter E-commerce sales in the fourth quarter soared 12.1% from a year ago to a new record of $132.8 billion (seasonally adjusted), the Commerce Department reported this morning. For the whole year 2018, e-commerce sales blew through the $500-billion …
Money manager Peter Schiff says, “I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. …
From Birch Gold Group The overall U.S. trade deficit ballooned to a record level of $59.8 billion by the end of 2018, reaching the largest deficit since October 2008. TradingEconomics.com explained that this gap widened in spite of “$250 billion in trade tariffs” …
via Yahoo: A rising number American households are grappling with rising borrowing costs and consumer loan delinquencies — a worrying trend that could indicate an economic slowdown is at hand, Deutsche Bank warned on Wednesday. As U.S. consumers rack up a record …
Store closures are looking to be a record high. So far in 2019, there have already been over 4000 stores closing. There’s no way to deny the economic slowdown. No, the economy is not doing well. Another wave of retail …
via trueeconomics: As raging buybacks of shares and M&As have dropped the free float available in the markets over the recent years, Earnings per Share (EPS) continued to tank. Yet, S&P 500 valuations kept climbing: Source: Factset As noted by the …
BY SRSROCCO The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t look as dire as it did back in …
from Zero Hedge Two weeks ago, the NY Fed made waves in the finance community when it reported that a record 7 million Americans are delinquent on their auto loans. Of course, to regular readers, none of this was new as we covered …
by Mac Slavo of SHTFplan The unemployment rate has been a perfect forecaster of a recession in the past 70 years, and it appears to be edging closer to triggering that signal. “It’s never been wrong. It’s something to watch,” said Joseph Lavorgna, chief …
Is it possible that people have found a new way to go into debt? They created the mortgage. That’s one product. Then they took from a home they probably haven’t paid off yet and the bank lends them money based …
Snow over the last day in Los Angeles, the last time snow was seen 1962, with new cold record in Santa Barbara. Flagstaff, Arizona and Las Vegas, Nevada break their all time snow fall records. Sao Paula, Brazil atmospheric compression …
by Martin Armstrong The entire AUSTERITY policy of Germany is really oppressing its people to the point that their assets rank nearly the lowest in Europe and below that of even Italy. A German earning just $75,000 annually ends up in the …
Flagstaff, Arizona, sets all-time snow record as major snowstorm buries southwestern US Flagstaff, Arizona, received 16.6 inches of snow from the storm that began on Saturday and ended on Monday. As of Wednesday, Flagstaff has received 100 inches of snow …
https://www.cnbc.com/2019/02/21/personal-loans-surge-to-a-record-138-billion-in-us-as-fintechs-lead-new-lending-charge.html Total outstanding U.S. consumer loans hit a new record last year, driven by digital-first lending options. Financial technology, or fintech, companies now make up 38 percent of the personal loan market — up from just 5 percent five years …
Look at the indicators piling up. Unlike in 2007, nobody believes it this time. Back in 2007 and in 2000, there were a few people saying it time to slow things down, they’re too heated. Today, nearly everyone is begging …
When you see something hitting a RECORD level, you need to pay attention. But of course, there are trends. There are going to be instances where things go out of whack from month to month. It happens. But seeing a …
by Natura Naturans The figures should be a wake-up call to the government and the socialists in the United States. Socialized medicine is designed to fail. No amount of additional government will fix it either. The UK insists that it’s chronic …
$1,665,484,000,000: Feds Collect Record Individual Income Taxes in Calendar 2018–as Debt Climbed $1,481,349,159,596.80 (CNSNews.com) – The federal government collected a record $1,665,484,000,000 in individual income taxes in calendar year 2018, according to the Monthly Treasury Statements for the year, which the …
by Dr. Eowyn Someone please notify Al Gore and his mini me, Alexandria Ocasio-Cortez. Last weekend, it snowed in tropical Hawaii! Snow falls in Maui, 191 mph wind recorded in Hawaii https://t.co/m42FsSNZyd pic.twitter.com/8qv9CxAUrb — 25NewsKXXV (@25NewsKXXV) February 12, 2019 H/t Clash …
via seattletimes: A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis era. Economists warn this …
by Frank Holmes, CEO, U.S. Global Investors This Valentine’s Day might best be remembered for two things in particular. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those …
New articles out trying to explain away the recent record cold in N. America and record snow in Europe. I break down how the article forgets to include discussions of Earths weakening magnetic field, polar wander or solar activity as …
Superfreeze 2.0 grips the USA, record snow in Pakistan with runoff expected to fill long dry riverbeds, 3000 years dry and Danish Meteorological Institute (DMI) removes Greenland Ice Mass Budget because of too much ice growth. Arctic ice continues to …
Superfreeze 2.0 grips the USA, record snow in Pakistan with runoff expected to fill long dry riverbeds, 3000 years dry and Danish Meteorological Institute (DMI) removes Greenland Ice Mass Budget because of too much ice growth. Arctic ice continues to …
by John Adams and Martin North from Adams Economics Australian Economist John Adams from Adamseconomics.com and banking expert Martin North report on how Australia’s record debt bubble is leading in massive social problems among Australia’s middle class. In the past 6 years, Sydney’s south west region …
via AOL: Records are being shattered and communities are enduring the harshest cold in years as the polar vortex tightens its grip on the midwestern United States. After the polar vortex plunged southward, temperatures plummeted under 20 below zero F from North …
https://www.youtube.com/watch?v=-s8GS_7Qg_0 https://www.youtube.com/watch?v=1049ToipFZU
via @TaviCosta: Well, I believe today’s market has remarkable similarities to late 1920’s.
