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Economy

Things are starting to go downhill rather quickly now.  A day after the Federal Reserve cut interest rates for the first time in more than a decade, we received a whole bunch more bad economic news.  Most Americans don’t realize it yet, but our economy is in serious trouble.  We haven’t …

So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen.  We’ll see.  But if it does happen, it will directly contradict the carefully crafted narrative about the economy that the Federal Reserve has been perpetuating all this …

But, but, but you are told by the administration that the economy is booming…. yes, booming with fiat currency, inflation, and more debt on your backs and your children’s and their children’s backs… just like the previous administrations before this one.  Now, the US Treasury is expected to borrow at …

The trucking industry is experiencing a “bloodbath.” So far in 2019, at least 2,500 truckers have lost their jobs as companies go bankrupt as a major recession indicator keeps going negative. According to Yahoo, six trucking companies have completely folded in 2019 and hat has left more than 2,500 truck drivers unemployed. And …

Even though everything else seems to be going wrong, the stock market just continues to soar to new record highs.  In fact, the Dow Jones Industrial Average closed above 27,000 for the first time ever on Thursday.  Investors continue to relentlessly believe that bright days are ahead even though we …

In the past year while we experienced a “booming economy”, one-third of Americans have cut their spending. For a country indoctrinated by a system that encourages spending and abhors savings, a survey by CNBC has shown that at least some people are willing to buck the propaganda. The survey polled men and …

Even though there is a tremendous amount of evidence to the contrary, the Federal Reserve continues to insist that the U.S. economy is in good shape.  On Wednesday, Federal Reserve Chair Jerome Powell told the nation that “the economy has performed relatively well” in 2019 and he insisted that “the baseline outlook …

Many Americans seem to think the alerting the public to the problems in the economy is “doom and gloom” and meant as “fear porn.” But regardless of your beliefs on the matter, the numbers show that a crash is coming, and that’s the reality, although a very grim one says …

We continue to get more indications that U.S. economic conditions are going to deteriorate rapidly during the second half of this year.  Yesterday, I reported on a brand new survey which found that 69 percent of U.S. CFOs believe that a recession is coming “by the end of 2020”, and today we learned …

If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening.  According to payroll processing firm ADP, the U.S. economy only added 27,000 new jobs in May, and that is way below the number …