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CEO Of Russia’s Second-Largest Bank Warns: “US Is Inevitably Headed For A Serious Economic Crisis”
CEO Of Russia’s Second-Largest Bank Warns: “US Is Inevitably Headed For A Serious Economic Crisis” Last September, we told readers that the US national debt was skyrocketing at a staggering $1 trillion every three months—roughly every 100 days. Since then, the debt spending has gotten worse. Out-of-control spending has delayed the US economy’s day of reckoning in […]
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months A deeper dive into personal income and outlays for March shows significant signs of consumer stress to maintain standards of living. Real Income and spending data from the BEA, chart by Mish This is a follow-up with a couple new charts […]
‘Spend as much as you can,’ IMF head urges governments worldwide
‘Spend as much as you can,’ IMF head urges governments worldwide MOSCOW (Reuters) – Policymakers worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund said on Friday at Russia’s annual Gaidar economic forum. Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made […]
Penalizing Prudence
PENALIZING PRUDENCE “Economy, prudence, and a simple life are the sure masters of need, and will often accomplish that which, their opposites, with a fortune at hand, will fail to do.” – Clara Barton “Affairs are easier of entrance than of exit; and it is but common prudence to see our way out before we venture […]
Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries”
Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries” Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum. On Monday the Dow Jones Industrial Average was down 617 points, and that was the worst day for the […]
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 […]
Exposing the Myth of MMT
Exposing the Myth of MMT Yesterday I discussed modern monetary theory (MMT) and how it’s become very popular in Democratic circles. That’s because it allows for much greater government spending without having to raise everyone’s taxes. And everyday citizens could get behind it because it promises to fund lots of programs without seeing their taxes […]
As The Economy Teeters On The Brink Of A Recession, U.S. Debt Levels Are Absolutely Exploding
As The Economy Teeters On The Brink Of A Recession, U.S. Debt Levels Are Absolutely Exploding We now have official confirmation that the U.S. economy has dramatically slowed down. In recent days I have shared a whole bunch of numbers with my readers that clearly demonstrate that a new economic downturn has begun. And even though stock […]
The Most Depressing Stat Of The Month: The U.S. National Debt Is About To Pass The $22 Trillion Mark
The Most Depressing Stat Of The Month: The U.S. National Debt Is About To Pass The $22 Trillion Mark The U.S. national debt is wildly out of control, and nobody in Washington seems to care. According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt. In just a few days, that figure […]
The “Stock Market Crash Of 2018” Is Rapidly Transforming Into “The Financial Crisis Of 2019”
The “Stock Market Crash Of 2018” Is Rapidly Transforming Into “The Financial Crisis Of 2019” Stock markets are crashing all over the world, we are seeing extremely violent “flash crashes” in the forex marketplace, economic conditions are slowing down all over the globe, and fear is causing many investors to become extremely trigger happy. The […]
2018 Was The Worst Year For The Stock Market Since The Financial Crisis Of 2008
2018 Was The Worst Year For The Stock Market Since The Financial Crisis Of 2008Now that the year is finally over, we can officially say that 2018 was the worst year for stocks in an entire decade. Not since the last financial crisis have we had a year like this, and many believe that 2019 […]
This Is Exactly The Kind Of Behavior That You Would Expect During A Stock Market Implosion…
This Is Exactly The Kind Of Behavior That You Would Expect During A Stock Market Implosion… If a doctor tells you that his patient’s condition is swinging up and down wildly, is that a good sign or a bad sign? Of course the answer to that question is quite obvious. And if a doctor tells […]
U.S. Stocks Just Had Their Best Day Ever – And Here Is Why That Is A REALLY Bad Sign…
U.S. Stocks Just Had Their Best Day Ever – And Here Is Why That Is A REALLY Bad Sign… The Dow Jones Industrial Average just posted its biggest single day point gain ever. On Wednesday, the Dow shot up 1,086 points, which shattered the old record by a staggering 150 points. It truly was a […]
This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008
This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008 Just when you thought that things couldn’t get any worse, they did. During normal times, a Friday before Christmas is an extremely boring trading session, but these are not normal times. On Friday, the Dow Jones Industrial Average was down […]
