Posts In Category

Economy

The last global financial crisis didn’t just hit American banks hard; European banks suffered just as much, if not more. And while our banks have largely recovered from the crisis, the same is not true for some European banks particularly those in the ‘PIGS’ (Portugal, Italy, Greece, and Spain). And

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in

If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner.  For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge

U.S. Weeks Away From A Recession According To Latest Loan Data While many “conventional” indicators of US economic vibrancy and strength have lost their informational and predictive value over the past decade (GDP fluctuates erratically especially in Q1, employment is the lowest this century yet real wage growth is non-existent,

The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first time ever. In other words, the middle class now accounts for less than 50 percent

I keep hearing from people that think that the stock market is going to crash by the end of the year.  Hopefully that will not happen, but the ridiculous stock prices that we are seeing right now certainly cannot last forever.  On Sunday, I was chatting with a friend that

The stock market soars.  Home prices skyrocket.  Our military grows, both in size and scope of activity.  And we think that all is well…or at least better than it was yesterday. Clearly we are in denial.  Serious denial.  Denial of our addiction.  Denial of our dependence.  Denial of our bondage.

Since the election, there has been this perception among the American public that the economy is improving, but that has not been the case at all.  U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of

How can a company that is going to generate $2,000,000,000 in negative free cash flow in 2017 be worth 70 billion dollars?  Netflix has soared in popularity in recent years, but so have their financial losses.  Just like during the original tech bubble, investors are ignoring basic fundamentals and are

If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown?  I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008.  And at this