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It's almost impossible to find a kernel of truth in the Empire of Lies. As is always the case, the outlook from the Federal Reserve is sunshine and rainbows.
Strong consumer spending has given the economy a backbone to withstand spine-tingling political fights at home and abroad. Households boosted spending by 4.6% in the spring, and nearly 3% in the summer, to offset back-to-back drops in business invest
Wealthy people around the globe are hunkering down for a potentially turbulent 2020, according to UBS Global Wealth Management.
Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the fall of the Manhattan retail industry and moreover, the collapse of the global retail industry as the everything bubble bursts.
Economy
When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks.
A record number of CEOs left their positions in October, a corporate outplacement firm reported Wednesday, the most in one month since the 2008 recession.
The "mother of all bubbles" in the sovereign debt market, Zidle says, is the catalyst that will likely trigger the next recession. He expects that to happen between mid-2020 and the end of 2021. All that and more below…
Hong Kong has finally entered a recession after more than half a year of violent anti-government protests, the city's Financial Secretary wrote in a blog post over the weekend, reported Reuters.
Ninety years later, I thought it would be prudent to look at three key insights from that historic crash, starting with:
Unsustainable government debt, a corrupt and failing political system, and swings in attitude toward more government involvement in daily life have severe ramifications you should know about.
Cryptocurrencies
Bitcoin
CNN is assuring us that "the next one won't be as bad as 2008". But how do they know? After all, we didn't have a president that was in danger of being impeached in 2008.
Do you believe that a recession is coming? If so, you certainly have a lot of company. It turns out that more than two-thirds of all U.S. households "are preparing for a possible recession" right now.
Millions of Americans are finding it virtually impossible to keep up with their car payments, despite supposed "economic growth" and low unemployment, according to Reuters.
The exponential growth in the leveraged loan market, in the last several years, created an enormous excess accumulation of sub-investment grade loans that are a ticking time bomb when the next recession strikes.
I've written an unusual amount about the financial systems of the world over the past month. Honestly, I've felt that I'd be derelict not to.
John Sneisen and Tim Picciott CFP® CRPC® breakdown the shadow QE efforts the FED is employing to hold the economy together. They also discuss the effect share buybacks have had on the market and how some companies like GE have wasted Billions in p
An Inflationary Depression
Do you remember what it was like in 2008 when it literally felt like no job was truly safe?
Trump
Just like in 2008, most Americans are living right on the edge financially, and so any sort of an economic downturn is going to be extremely painful for tens of millions of American families. When you have not built up a financial cushion, any sort
The Fed's 25 bps but still hawkish cut and the volatility in short-term dollar funding markets continued to dominate the news cycle, yet other key asset classes didn't exhibit any particularly unusual volatility. The S&P 500 ended the day unchang
Chief financial officers in the United States have started to prepare themselves and their finances for a recession.
While it is being ignored by most (because the S&P didn't crash), the chaos in the Fed-controlled short-term liquidity markets should panic everyone as for the first time in a decade, NYFRB was forced to inject liquidity for o/n repo...
Steve Eisman, the Neuberger Berman portfolio manager of "The Big Short" fame, appeared on Bloomberg TV this week to discuss whether the current global industrial downturn will lead to a global recession, and whether central banks can save the glo
Josh Sigurdson reports on the rise of the gold market in recent months as recession indicators flash red and countries grow more and more wary of the US Dollar.
Donald Trump went on an even bigger twitter rant than usual against the Chinese. In his series of tweets, POTUS accused the Chinese of stealing Billions of Dollars a year and "Hereby" ordered American companies to stop doing business in China.
When empires fall, they do not go down gracefully. The collapse is sudden and the consequences are permanent. Like the schoolyard bully who is finally defeated, his former victims and enemies revel in his fall. The US empire is now teetering on such
