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Exports fell precipitously during the last two recessions, and now it is happening again.  So how in the world can anyone make the claim that the U.S. economy is in good shape?  On my website, I have been repeatedly pointing out the parallels between the last two major economic downturns and the

For the first time ever, total credit card debt in the United States is approaching a trillion dollars.  Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again.  In fact, U.S. consumers accumulated more new credit card debt

Earlier this week hedge fund manager Marin Katusa explained that up until the recent stock market hit all the easy money flowing into the energy sector was being exuberantly spent on hookers, blow and fancy toys. Now, as oil prices hover under $40 per barrel, Katusa said more pain is likely coming

Despite the extent to which the officials in the White House, and the talking heads in the media and on Wall Street deny that the economy is faltering, it is this very issue that is driving voter outrage in the direction of Trump and Bernie. It’s the jobs, stupid! And

You may find that the below report is, as President Obama might suggest, once again “peddling fiction.” But for the average American, we can assure you that the economic recession is a very real situation. Walmart, which made its billions serving low to middle income Americans, is struggling and it’s

In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. But Marin Katusa of Katusa Research had a different opinion. At a major commodity conference Katusa, to boos and jeers from the audience, held strong to his

The time is nigh. The crash is coming. It’s waves can be felt pulsing through the system, foretelling its arrival. But how long will it be until it hits, and how big will its magnitude be? According to Yale’s Vikram Mansharamani, it is only months away. Via London Express: FINANCIAL

Five years ago liberals in Madison, Wisconsin threw a massive temper tantrum as they railed against Governor Scott Walker (R-WI) and the people of Wisconsin for daring to attempt to solve Wisconsin’s financial problems. The state’s Democrat lawmakers tried to run away from their responsibilities (literally), while the state’s liberal

While Americans still enjoy easy access to basic necessities like food and medicine, the last several years have shown us just how bad things can get when it all hits the fan. When the country of Greece collapsed in 2012 we highlighted the desperate situation faced by its millions of

We haven’t seen numbers like these since the last global recession.  I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing.  We just learned that manufacturing in China has now been contracting for seven months in