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Economy

If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have seen since 2009.  A wave of bankruptcies is sweeping the

For those who think the U.S. economy is going under, a report from Reuters suggests you’re just peddling fiction. According to official data there is nothing to worry about. We are not only not in recession, but the economy is fundamentally strong and only getting stronger. Relatively strong consumer spending underscores the

Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working

It’s no conspiracy. The music will soon stop and the economy will take a big hit when the bubble bursts – even the timing has been chosen. The Fed has been pumping easy money and buying time with future pain for years now, but the worm is turning. Only, the

We just got more evidence that a major economic slowdown is underway here in the United States.  Existing home sales were down a whopping 7.1 percentduring the month of February, and this represented the biggest decline that we have seen in six years.  This is yet another sign that we are in

When panic and fear dominate financial markets, gold and silver both tend to rapidly rise in price.  We witnessed this during the last financial crisis, and it is starting to happen again.  Because I am the publisher of a website called The Economic Collapse Blog, I am often asked about gold

Fact: The Federal Reserve has screwed over the country. Monetary policy has been the single most important factor in the economy for some time. A new analysis from economist Brian Barnier shows that while future GDP, household debt from credit cards and tech accounted for past bubbles in American history,

Up until January, the majority of people assumed that governments and central banks had everything under control. Zero-Interest and Negative-Interest rate policies coupled with unprecedented monetary printing appeared to have stabilized the economy and financial markets. But then something broke. Stock exchanges crashed following the New Year and investors the world over went into

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