by Michael Snyder U.S. stocks have not fallen this dramatically during the month of December since the Great Depression of the 1930s. On Monday, the Dow Jones Industrial Average lost another 507 points, and it is now down more than 1,000 …
Here is today’s articles mentioned in this news update: 1. U.S. Student Loan Debt Sets Record, Doubling Since Recession https://www.bloomberg.com/news/articl…
via Bloomberg: What began guardedly, as traditional lenders retreated post-Lehman, has exploded into a financial-industrial complex rapidly approaching $1 trillion, with money streaming in from pension funds, insurers and hedge funds. It’s part of a decade-long borrowing spree that has …
We now have confirmation that over half of global stocks are in a bear market. But don’t worry, the Fed will rescue us. Janet Yellen has now changed her mind about the impossibility of a financial crisis and is now …
IT’S ALWAYS IN THE LAST PLACE YOU LOOK? Mueller’s Investigation is Missing One Thing: A Crime. This week’s Key to Everything is Michael Cohen, the guy who lied out of self-interest for Trump until last week when we learned he is …
While we are being told that the economy is red hot and the stock market is doing well, both couldn’t be further from the truth. Stock markets around the world are in the red in 2018 and there are just …
The subprime fiasco which nearly unraveled the entire quadrillion dollar derivatives garbage scheme, which almost entirely collapsed the financial system, was not eliminated after the crisis. It was simply swept under the rug. It has been hidden. Well now if …
Born out of the Cold War, Five Eyes is a multinational spy network comprised of Canada, Australia, New Zealand, Great Britain, and the United States. The member states of Five Eyes gather intelligence about foreign countries, sharing it freely between …
Market statisticians are falling over each other in 2018 to describe the pain being felt across asset classes. One venerable shop frames it this way: Things haven’t been this bad since Richard Nixon’s presidency. Ned Davis Research puts markets into …
via @OddStats: Red years had as many or more than we have had in 2018 so far (does not include today).
2018 is the first year since Dot Com bust where "BTFD" has failed pic.twitter.com/vaGKmrdI9a — Alastair (@StockBoardAsset) December 4, 2018 https://twitter.com/OccupyWisdom/status/1069990045925470208 pic.twitter.com/k5F1aTaqTV — Alastair (@StockBoardAsset) December 4, 2018 Yesterday's U.S. yield-curve inversions do not appear to be a fluke, as …
Is global real estate slowing down? Or is this just a bump in the road? We are currently in the maximum amount of debt we have ever been in history. Look at it on all levels. It’s never been this …
SURPRISING EXACTLY NO ONE WHO’S BEEN PAYING ATTENTION: Japan preparing to put US-designed stealth jets on an ‘aircraft carrier.’ Japan is preparing an order for roughly 100 US-designed F-35 stealth fighter jets in a deal that could potentially upend the balance …
Trumpeteers rejoice. “Best Economy Evah!!!”. In case you didn’t notice, the trade deficit also reached and all-time high today, up $14 billion since the Great Orange One ascended to the throne. The housing market is now in the process of …
via Tasos Vossos Credit markets are set for the worst year since the global financial crisis as investors abandon hope of a late-2018 rally. High-yield and investment-grade notes are headed for losses in both euros and dollars, the first time all …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It gets serious. Margin calls? No one knows what the total leverage in the stock market is. But we know it’s huge and has surged in past years, based on the limited data we have, and …
Bleeding billions: How net worths of top tech executives have taken a massive hit as Amazon, Apple, Facebook and Google stocks plummet -The Dow closed at 24,465 on Tuesday, 551.8 points down from Monday – Facebook, Amazon, Apple, Netflix and …
via thefreethoughtproject: Dallas, TX — Feeding and clothing the homeless in the land of the free has now become a revolutionary act. Luckily, however, there are still good people willing to carry out that act. In December 2014, the Dallas city …
by Michael Snyder What in the world has happened to us? Despite our ridiculously high standard of living compared to the rest of the world, America is a deeply unhappy place. When I was growing up, there were no “smart …
via confoundedinterest: Last decade, there was a residential mortgage credit bubble that burst. While there doesn’t appear to be a residential mortgage credit bubble (well, just a little), there is most definitely a corporate debt credit bubble that appears to be …
via Yahoo: Fund managers haven’t been this bearish about the global economy’s outlook since November 2008, according to the latest Bank of America Lynch survey of global fund managers, an important measure of investor sentiment. According to the survey, 44% …
Those people in Australia and New Zealand, let me know what you’re seeing with real estate right now in 2018. Real estate in Australia has once again fallen further down. This is a definitely trend that has not let up. …
After 239 companies have reported, the revenues beat rate is at 47%. If current results hold, this could be the first quarter since Q4 2016 in which the revenues beat rate is below 50%. pic.twitter.com/yimtX9EQKg — Jim Bianco (@biancoresearch) November …
A risky resurgence? Leveraged finance has doubled in size since the Great Financial Crisis, but vulnerabilities may arise with the normalisation of monetary policy #LeveragedLoans https://t.co/GE9d9Ag8iX pic.twitter.com/p8xrmX1DHR — Bank for International Settlements (@BIS_org) November 7, 2018 US debt costs continue …
President Obama has topped predecessor George W. Bush in another poll, but not one he would like. In a new Quinnipiac University Poll, 33% named Obama the worst president since World War II, and 28% put Bush at the bottom of …
via BBG Investment-grade bonds are set for the worst month since February’s rout. U.S. high-grade debt is headed for a decline of 1.2 percent this month and the worst October in a decade, according to the Bloomberg Barclays Indexes. The …
via GPC The bull run is over. Yes, we will get bounces, but long-term stocks are going down… and not a little… a LOT. The S&P 500 has broken its bull run trendline. That’s bad news. But unfortunately, it gets …
by Michael Snyder We continue to see extremely wild swings on Wall Street. On Monday, at one point the Dow Jones Industrial Average was up 352 points, and then later it was down 566 points. At the closing bell the …
The Smart Money Index has dropped to lowest since 2009 this week. Is calculated by taking action of the Dow in 2 time periods: the first 30 mins & the close. The first 30 minutes represent emotional buying, driven by …
