Economic Reality: Bottom 50% of Americans No Longer Matter
Economic Reality: Bottom 50% of Americans No Longer Matter by Mike Shedlock The Fed likes to brag about the “we saved the world” recovery. However, the truth is that a…
Irrational Exuberance
Irrational Exuberance by Captain Hook In December 1996, former Fed Chairman Alan Greenspan coined the term ‘irrational exuberance’ when he warned that the stock market was getting carried away. Today…
Sudden Escalation: US Warships Fire Missiles Into Syria
Sudden Escalation: US Warships Fire Missiles Into Syria by Chris Martenson The US has launched a missile strike against Syria. The ostensible reason for the attack is that Syria was…
A Credit Implosion Is Coming
A Credit Implosion Is Coming by The Gold Report The biggest bubble of all is bursting—the bond market, where companies and the government borrow money—and it's twice as big as…
When This All Blows Up…
When This All Blows Up… by Chris Martenson Martenson predicts that unsustainable trends will inevitably blow up, favouring the Ka-POOM theory of Eric Janszen. The summary is that we’ve already…
Dow Companies Report Worst Revenues Since 2010, Dow Rises to 20,000
Dow Companies Report Worst Revenues Since 2010, Dow Rises to 20,000 by Wolf Richter From January 2011 to January 2017, the DJIA has soared 73%, from 11,577 to 20,094. But…
Venezuela Currency Loses 45% This Month as Hyperinflation Escalates
Venezuela Currency Loses 45% This Month as Hyperinflation Escalates by Mish The Venezuelan bolivar has lost 45% of its value against the US dollar so far this month, the biggest…
Now it Begins to Unravel
Now it Begins to Unravel by Wolf Richter Debt is good; more debt is better. Debt must always grow, and for that purpose, the Fed has manipulated interest rates to…
Franklin Roosevelt Speech on Eve of Presidential Election 1936 – ‘Government by Organized Money’
Oct 31, 1936 – Franklin Roosevelt Speech on the Eve of the Presidential Election 1936 – ‘Government by Organized Money’ by Jesse “Here and now I want to make myself…
World Is on the Edge of a Deflationary Black Hole
The World Is on the Edge of a Deflationary Black Hole by Egon von Greyerz The world economy is at its most dangerous point in history. In almost every major…