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Economy

Have you checked on the health of your investments lately?  If not, you may be surprised to find out where things currently stand.  As the “everything collapse” accelerates, trillions upon trillions of dollars of wealth is being wiped out.  Many that thought that they were financially set for the rest …

I know that things aren’t great right now, but please try to enjoy the next few days, because it appears that economic conditions could quickly get a whole lot worse after Thanksgiving.  I understand that may be difficult for many of you to hear, because we are already dealing with …

I am extremely concerned by what I am seeing in the housing market.  When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash.  I repeatedly warned my readers that prices would start declining and that …

If you have been to the grocery store lately, you have probably noticed that meat prices have gone up dramatically.  Unfortunately, we are being warned that things could get much worse in 2023.  All over the northern hemisphere, cattle ranchers are dramatically reducing the size of their herds due to …

Will this be the last “somewhat normal” holiday season for U.S. retailers?  Normally, the holiday season is the most profitable time of the year for our retailers, but it has become clear that holiday spending is going to be way down in 2022.  Meanwhile, there are a couple of long-term …

Well, if anyone thinks the economy crashing is only Joe Biden’s fault, then you actually need to understand how economics and the markets work.  Furthermore, you need to understand the value of real money, not the debt dollars we have now.  With that aside, everyone that has been warning of …

We never seem to learn from our mistakes.  Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of epic proportions.  Mortgage debt, auto loan debt and credit card debt all skyrocketed, and so when the economy …

Another domino has fallen.  We are being told that the failure of FTX “would be kind of like a Lehman Brothers event”, and at this hour FTX is on the verge of collapse.  There was a chance that FTX could survive when Binance announced a shocking rescue plan, but after …

This holiday season is certainly going to be far less jolly for millions of Americans.  Yesterday, I detailed 11 signs that economic activity in the U.S. is rapidly declining.  Well, today we have gotten even more bad news.  Thanks to deteriorating economic conditions, Americans plan to buy a lot less stuff this …

Have you noticed it too?  There has been a dramatic shift in the economy in recent days.  It has been sudden and it has been severe.  All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large companies are beginning to conduct …