When oil prices crash, they issue debt to keep going until prices recover. This time, there is a problem. Nobody knows if prices will recover...
This week the Fed decided that interest rates would remain artificially suppressed at zero, and stay there for years to come! Central planners always end up backing themselves into an impossible corner. The idea that a government-created central bank
Mr. Griffin explained his thoughts on the year 2021 and later. It was a grim warning that everyone should hear for the sake of trying to understand the current happenings. Mr. Griffin sees it as all part of a vast network of plans. It's psychological
If this is "the recovery", what are things going to look like once economic conditions start to deteriorate again?
New findings from a survey by the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health, published by NPR News on Wednesday, reveal low-income minority households have experienced the most financial hardships in the virus-i
A speculative bubble burst is underway. Investors belief in exceptional story stocks and missing out on "cheap" new IPOs has been a factor of markets since someone first swapped a bushel of corn for a piglet.
For some reason, the line in the sand for 'good' news on initial jobless claims has become 1 million. Twice in the last four weeks, there has been fewer than 1 million Americans filing for first time unemployment benefits
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the fall of the stock market as many mainstream analysts warn of a bubble and a collapse of especially the S&P 500.
The coronavirus outbreak has pushed millions of Americans, especially young adults, to move in with family members. The share of 18- to 29-year-olds living with their parents has become a majority since U.S. coronavirus cases began spreading early th
What is happening as the massive bubble is bursting in the US economy? Is there any hope to survive - or even prosper - in the age of Fed bubbles, Covid-19 hysteria, and riots in the street? Financial publisher and author Porter Stansberry joins the
California saw by far the worst jump in claims while Florida, Georgia, and Michigan all saw drops in claims...
... to What Is Coming!
Back in June we said that as we had reported previously, with commercial real estate failing to benefit from the record rebound in overall risk since the March lows as a result of a tidal wave of retail bankruptcies
"If something cannot go on forever, it will stop."
Lenders do not want borrowers to skip payments until their loans are backed by the government, after which the lender no longer gives a damn...
Politicians are spending money (that they don't have) like never before. Bailouts, "Stimulus," and Welfare for everyone are the only game in town. The great enabler, the Federal Reserve, counterfeits dollars by the trillions! The failure of "pl
With each passing day, the failure of Congress and the Administration to reach a deal on extending fiscal stimulus creates a bigger and bigger hole in consumer cash flow. So far investors have brushed off the stalemate. But that's a mistake.
"...heavily indebted companies raising more debt is like pouring wet cement into their firms. When it sets its like concrete, stopping growth..."
It's undeniable that we're heading into an economic crisis, but how bad are things really? Pundits are making comparisons to the Great Depression based on unemployment numbers, looming evictions, and unprecedented lines at food banks. But does ou
People had begun lining up before sunrise hoping to get boxes containing canned goods, noodles, spaghetti sauce, peanut butter, rice, trail mix and some recipe ideas, according to recent reports from CBS Dallas.
The first article in this series, Part 1 Debt, details the massive accumulation of debt and how it will handicap economic growth in the future.
Debt is but one crucial economic factor to consider when assessing economic growth. There are three other "D" problems worth considering - Depression, Demographics, and De-globalization.
This Global Depression Will Be Brutal ?" Tens Of Millions Of Americans Can't Pay Their Bills And Are In Danger Of Eviction
Readers may recall as early as April we outlined how mortgage lenders were preparing for the most significant wave of delinquencies in history as tens of millions of people lost their jobs because of the virus-induced recession.
The virus-induced recession has abruptly upended younger millennials (ages 24 to 29) from living on their own, have now moved back home, according to a new survey.
Despite the coronavirus and millions of jobless claims driving the U.S. economy deeper into recession, the flood of credit card delinquencies that some predicted has yet to materialize.
Everyone is piling into everything. That's probably the best way to describe the market frenzy this week which has seen an all time high in the Nasdaq and gold, an all time low 10Y yields, and an S&P that is just shy of its all time highs.
On a year-over-year basis, factory orders remain down over 10%...
The economic bad news hit hard this week with the GDP crashing 33% in the second quarter. The tyrannical lockdowns have produced the steepest economic collapse since 1947. The fallout from Americans sacrificing their liberties to government power is
Well, the Virus Patrol sure has done it. In a fit of reckless overkill they have managed to vaporize six years of economic growth during the last 90 days. And that's just by the mechanical reckoning of the GDP accounts, where total output in Q2 wei