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Economy

The central bank is finally admitting what most of us have known for some time now.  The Fed is fueling the asset bubble and pumping a lot of money into a “booming” economy.  As Bloomberg’s Richard Breslow details in today’s note, the worst kept secret in the financial world is now …

Lost in all of the headlines about Iran and impeachment is the fact that the U.S. economic slowdown which began during the latter stages of last year appears to be accelerating.  The final numbers which will tell us if we are officially in a recession at this moment won’t be …

More than 9,300 retail department stores have shut their doors this year.  As 2020 comes at us quickly, most are expecting the retail apocalypse to drag on. While we are told consumerism and spending remains high, retail establishments are closing down: most permanently. Retailers actually set a new record for …

The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from U.S. consumers as possible.  Unfortunately, it is becoming increasingly difficult to get consumers to open up their wallets, because many of them are already drowning in debt.  As …

I have so many bad economic numbers to share with you that I don’t even know where to start.  I had anticipated that the U.S. economic slowdown would accelerate during the fourth quarter of 2019, and that is precisely what has happened.  The Federal Reserve is trying to do all that …

This week, the U.S. national debt reached the 23 trillion dollar mark for the first time ever.  There was no fanfare, there were no politicians giving speeches about fiscal responsibility, and there has been very little national outrage.  We have simply come to accept that it is “normal” for our …

When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday, almost two months after the …

The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year.  It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the system works, and even if they did most …

There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.  And without a doubt that is important, because it …

The United States’ economic situation has been a bumpy and precarious road for the past several months.  But it’s about to get even bumpier.  This week’s reports will likely show that the U.S. economy is deteriorating. The effects of the economically devastating trade war are about to show up, according to …