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The Boom Turns Into A Bust – Here are 14 Signs That The U.S. Economy Is Steadily Weakening

The Boom Turns Into A Bust – Here are 14 Signs That The U.S. Economy Is Steadily Weakening

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 threatens to literally rip our entire nation in two.  But meanwhile, economic activity has taken a very ominous turn.  Hiring is slowing, consumer confidence is plunging, defaults on auto loans are rapidly escalating, the “transportation recession” continues to get deeper and it appears that the housing bubble is popping.  Everywhere we turn, there are signs of economic trouble, and many are deeply concerned about what this will mean for us as we head into a pivotal election year in 2020.

Not since the last recession have we seen numbers this bad.  The “mini-boom” that we witnessed for several years has now turned into a “bust”, and very tough times are ahead.

The following are 14 signs that the U.S. economy is steadily weakening…

#1 U.S. business hiring has fallen to a 7 year low.

#2 Consumer confidence in the United States has now declined for 3 months in a row.

#3 Defaults on “subprime” auto loans are happening at the fastest pace that we have seen since 2008.

#4 The percentage of “subprime” auto loans that are at least 60 days delinquent is now higher than it was at any point during the last recession.

#5 Vacancies at U.S. shopping malls have hit the highest level since the last recession.

#6 Destination Maternity has announced that they will be closing 183 stores as the worst year for store closings in U.S. history just continues to get worse.

 …click on the above link to read the rest of the article…

What You Think Is Controlled By What You Watch, And What You Watch Is Controlled By The Elite

What You Think Is Controlled By What You Watch, And What You Watch Is Controlled By The Elite

Why do you believe what you believe?  Some people have a really solid answer to that question, but much of the population never thinks much about deeper questions such as this.  In fact, for most Americans it is simply easier to let others do their thinking for them.  Today, most of us spend multiple hours each day absorbing information through a screen, and most of the content that is fed to us through our televisions, phones, tablets and computers is controlled by the elite.  And if you allow anyone to feed information into your mind for several hours every day, it is going to have a dramatic impact on how you view the world.

When I was younger, one of my favorite movies was “The Matrix”, and I think that it is a really good metaphor for what is going on in our society today.  In the film, nearly the entire human population was plugged into a system which continuously fed a computer-generated reality into their minds that wasn’t real at all.  Later on, I eventually came to realize that we are willingly doing the same thing to ourselves.  Our personal interactions with one another are extremely limited, but we willingly “plug in” to the enormous matrix of news, information and entertainment that the elite have constructed for many hours each day.

According to numbers that were released earlier this year, the average American spends more than three hours watching television and more than three hours on mobile devices every single day…

 …click on the above link to read the rest of the article…

National Geographic Admits Billions Of People Will “Face Shortages Of Food And Clean Water” Over The Next 30 Years

National Geographic Admits Billions Of People Will “Face Shortages Of Food And Clean Water” Over The Next 30 Years

A lot of people out there don’t like when I write these kinds of articles, because they directly contradict the false narrative that humanity has an extremely bright future ahead.  Sadly, the truth is that our planet and everything that lives on it is rapidly deteriorating.  And I am not talking about the false environmentalism being pushed by the mainstream media, Greta Thunberg and countless well-funded NGOs.  What I am talking about is the stuff that is happening right in our face.  We are systematically poisoning our planet, thousands upon thousands of species are going extinct, and we are literally running out of all of our most important natural resources.  There isn’t going to be enough of anything in the not too distant future.  In fact, even National Geographic is admitting that up to five billion people could soon be facing “shortages of food and clean water”…

As many as five billion people, particularly in Africa and South Asia, are likely to face shortages of food and clean water in the coming decades as nature declines. Hundreds of millions more could be vulnerable to increased risks of severe coastal storms, according to the first-ever model examining how nature and humans can survive together.

“I hope no one is shocked that billions of people could be impacted by 2050,” says Rebecca Chaplin-Kramer a landscape ecologist at Stanford University. “We know we are dependent on nature for many things,” says Chaplin-Kramer, lead author of the paper “Global Modeling Of Nature’s Contributions To People” published in Science.

The clock is literally ticking for humanity, but meanwhile we spend immense amounts of energy on relatively meaningless political squabbles.

 …click on the above link to read the rest of the article…

An “All-Out Blizzard” That Is “Unheard Of For October” Is About To Hit Farms In The Midwest With Up To 2 Feet Of Snow

An “All-Out Blizzard” That Is “Unheard Of For October” Is About To Hit Farms In The Midwest With Up To 2 Feet Of Snow

Farmers in the middle of the country are about to get hit by what could potentially be the worst October blizzard in U.S. history.  According to USA Today“the massive size and intensity of this snowstorm is unheard of for October”.  In other words, we have never seen anything like this in the month of October ever before.  Such a storm would have been disastrous enough in a normal year, but this has definitely not been a normal year for Midwest farmers.  As I detailed extensively in previous articles, endless rain and horrific flooding made planting season a complete and utter nightmare for many Midwest farmers this year.  Millions of acres did not get planted at all, and planting was seriously delayed on tens of millions of other acres.  As a result, corn, soybeans and other crops are simply not ready to be harvested in many parts of the Midwest, and now an unprecedented winter storm is barreling directly toward our heartland.

This is a very, very serious situation.  Normally, most corn in the Dakotas and Minnesota is considered to be “mature” by now, but this year we are facing a completely different scenario.

According to the latest USDA Crop Progress Report, only 22 percent of the corn in North Dakota is considered to be “mature” at this point…

Many farmers continue to wait on the sidelines to get into the fields. With freezing temperatures, heavy snowfall, and high winds set to hit the northern Plains this week, the corn in North Dakota is only 22% mature vs. a 75% five-year average, according to Monday’s USDA Crop Progress Report.

Also, South Dakota corn is rated 36% mature vs. an 80% five-year average. Minnesota farmers have a corn crop that is just 39% mature vs. an 83% five-year average.

 …click on the above link to read the rest of the article…

America’s Financial Suicide: The Budget Deficit Rises 26% In 1 Year As Federal Spending Spirals Wildly Out Of Control

America’s Financial Suicide: The Budget Deficit Rises 26% In 1 Year As Federal Spending Spirals Wildly Out Of Control

We are in the process of committing national financial suicide, and most Americans don’t seem to care.  As  you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years.  In fact, it was actually 26 percent larger than last year.  Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead.  Under our current system, it is literally going to be impossible to turn things around.  As the Baby Boomers continue to retire, the amount of resources demanded by Social Security, Medicare and other entitlement programs is going to continue to escalate dramatically.  Meanwhile, the biggest bureaucracy in the history of the world just continues to get even larger with each passing year, and neither political party seems interested in trying to do anything about it.  Our national debt will shortly hit 23 trillion dollars, but we will never actually pay it off.  Instead, we will just keep piling on more debt until this entire charade comes crashing down like a house of cards.

At this point, we shouldn’t expect the Democrats to show any concern for our skyrocketing national debt.  During the Obama years the national debt increased by an average of more than a trillion dollars a year, and this unprecedented spending helped to stabilize the U.S. economy following the Great Recession.

However, if we could go back and remove the 9.3 trillion dollars that was added to the national debt during Obama’s time in office, those eight years would have been the worst eight years economically in the history of our nation. 

 …click on the above link to read the rest of the article…

A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That “More Damage” Is Ahead

A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That “More Damage” Is Ahead

We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better any time soon.  In fact, one expert is warning that “more damage” is coming if the trade war is not resolved, and unfortunately it does not appear that a resolution will be possible for the foreseeable future.  As I have been detailing for months, the entire global economy has been steadily slowing down, but some shocking new numbers that we just got indicate that our economic problems are really starting to accelerate.  So hold on to your hats, because it looks like things are about to get really crazy.  According to CNBC, September was the worst month for U.S. factories in more than a decade

The U.S. manufacturing purchasing managers’ index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.

The new export orders index was only 41%, the lowest level since March 2009, down from the August reading of 43.3%, ISM data showed.

Those numbers are absolutely abysmal, and they were far worse than analysts were expecting.

Since December 2009, I have published more than 2,000 articles on The Economic Collapse Blog, and in all that time we have never seen manufacturing numbers this bad.

According to Peter Boockvar, the chief investment officer at Bleakley Advisory Group, we have “now tariffed our way into a manufacturing recession in the U.S. and globally”.  So those that have been waiting for a “manufacturing recession” to arrive can now stop waiting.  It is here, and it is going to be very painful.

 …click on the above link to read the rest of the article…

North America’s Bird Population Is Collapsing – Nearly 3 Billion Birds Have Been Wiped Out Since 1970

North America’s Bird Population Is Collapsing – Nearly 3 Billion Birds Have Been Wiped Out Since 1970

All around us, our world is literally in a state of collapse, but most people don’t seem to care.  I spend much of my time writing about the inevitable collapse of our economic and financial systems, but they are only one part of the story.  These days, millions upon millions of us are spending countless hours in this “virtual world” that we have created, and that is preventing many of us from understanding what is really going on in “the real world”.  Where I live, I can literally keep the doors wide open for hours without worrying about bugs coming in, because insect populations are disappearing at a pace that is frightening.  They are calling it “the insect apocalypse”, and some scientists are warning that they could all be gone in 100 years.  And this dramatic decline in the insect population is one of the main reasons why North America’s bird population is collapsing.  In the old days, I remember the singing of birds often greeting me in the morning, but these days I am never awakened by birds.  That might make sense if I lived right in the middle of a major city, but I don’t.  I live in a very rural location, and I do see birds out here, but not nearly as many as I would expect.

Sadly, the scientific evidence is confirming what many of us had feared.  According to a scientific study that was just released, North America’s bird population has fallen by “nearly 3 billion birds since 1970″…

If you’ve noticed fewer birds in your backyard than you used to, you’re not mistaken.

North America has lost nearly 3 billion birds since 1970, a study said Thursday, which also found significant population declines among hundreds of bird species, including those once considered plentiful.

 …click on the above link to read the rest of the article…

Temperatures In The Pacific Ocean Have Shot Up To Dangerous Levels, And Scientists Are Blaming A “Strange Anomaly”

Temperatures In The Pacific Ocean Have Shot Up To Dangerous Levels, And Scientists Are Blaming A “Strange Anomaly”

It is being called “the Pacific marine heatwave of 2019”, and officials are warning that it could have very frightening implications if it does not dissipate soon.  Right now, there is a vast expanse of water stretching from northern Alaska all the way to southern California where the water temperatures have rapidly risen to very dangerous levels.  In fact, in some spots the water temperature is already “as much as 6 degrees Fahrenheit above normal”, and there is a tremendous amount of concern about what will happen if the water continues to become even warmer.  At this point things are already so bad that we are being warned that this strange anomaly could “ravage marine life and decimate commercial fishing” all along the west coast.  The following comes from NPR

A huge new marine heat wave has gripped the waters off the U.S. West Coast, threatening to ravage marine life and decimate commercial fishing over an expanse of the Pacific Ocean.

We are being told that this new anomaly is probably similar to another “marine heatwave” known as “the Blob” that made global headlines when it struck the region in 2014.

And if that is true, then things will definitely get very uncomfortable for marine life, but conditions will eventually go back to normal.  Although for the near future we are being warned that this anomaly is “on a trajectory to be as strong as the prior event”

“It’s on a trajectory to be as strong as the prior event,” said Andrew Leising, a research scientist at the Southwest Fisheries Science Center. About five years ago, sea temperatures peaked at close to 7 degrees Fahrenheit above average.

 …click on the above link to read the rest of the article…

Uh Oh: U.S. Layoffs Rise 38 Percent – Highest Level For August Since 2009

Uh Oh: U.S. Layoffs Rise 38 Percent – Highest Level For August Since 2009

We continue to get more numbers that indicate that U.S. economic activity is really starting to slow down.  According to Challenger, Gray & Christmas, the number of layoffs in the United States was 38 percent higher in August than it was in July.  A 38 percent increase in one month is more than just a little bit startling, and many believe that if this momentum continues we could soon be facing an avalanche of job losses similar to what we witnessed in 2008.  And without a doubt, all of the other economic numbers that have been rolling in lately also confirm that the U.S. economy is heading into harder times.  But is our country ready to handle another major economic downturn?

Even though there have been moments of difficulty over the past decade, we truly haven’t seen anything like this since the last recession.  In fact, the latest job cut numbers that we just got from Challenger, Gray & Christmas are the highest that we have seen during any August since 2009

Employers also announced the most layoffs of any August since 2009, the outplacement firm Challenger, Gray & Christmas said.

Job cuts rose 38 percent over July, with 53,480 positions to be slashed from employer payrolls, led by workforce reductions in health care, which had been a mainstay of recent job creation, the tech sector and manufacturing.

So why is this happening?

Well, certainly there are many factors at play, but Andrew Challenger has singled out “the trade war” as one of the biggest reasons

“Employers are beginning to feel the effects of the trade war and imposed tariffs by the US and China,” Andrew Challenger, the firm’s vice president, said in a statement.

Other nations are really starting to feel the effects of the trade war as well.  This week, Germany reported a startling drop in new manufacturing orders

 …click on the above link to read the rest of the article…

28 Signs Of Economic Doom As The Pivotal Month Of September Begins

28 Signs Of Economic Doom As The Pivotal Month Of September Begins

Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now.  Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.  After several years of relative economic stability, things appear to be changing dramatically for the U.S. economy and the global economy as a whole.  Over and over again, we are seeing things happen that we have not witnessed since the last recession, and many analysts expect our troubles to accelerate as we head into the final months of 2019.

We should certainly hope that things will soon turn around, but at this point that does not appear likely.  The following are 28 signs of economic doom as the pivotal month of September begins…

#1 The U.S. and China just slapped painful new tariffs on one another, thus escalating the trade war to an entirely new level.

#2 JPMorgan Chase is projecting that the trade war will cost “the average U.S. household” $1,000 per year.

#3 Yield curve inversions have preceded every single U.S. recession since the 1950s, and the fact that it has happened again is one of the big reasons why Wall Street is freaking out so much lately.

#4 We just witnessed the largest decline in U.S. consumer sentiment in 7 years.

#5 Mortgage defaults are rising at the fastest pace that we have seen since the last financial crisis.

#6 Sales of luxury homes valued at $1.5 million or higher were down five percentduring the second quarter of 2019.

#7 The U.S. manufacturing sector has contracted for the very first time since September 2009.

#8 The Cass Freight Index has been falling for a number of months.  According to CNBC, it fell “5.9% in July, following a 5.3% decline in June and a 6% drop in May.”

 …click on the above link to read the rest of the article…

“Monster” Hurricane Dorian Is Projected To Be “A Very Big Hurricane, Perhaps One Of The Biggest”

“Monster” Hurricane Dorian Is Projected To Be “A Very Big Hurricane, Perhaps One Of The Biggest”

Well, that certainly escalated quickly.  On Wednesday we were told that Hurricane Dorian would only be a Category 3 storm when it hits the Florida coastline, but now we are being told that it will be a Category 4 storm.  Hurricane Dorian is rapidly gaining strength over very warm waters in the Atlantic Ocean, and the latest forecast has it making landfall somewhere along the east coast of Florida on Monday.  If it is officially a Category 4 storm when it arrives, it will be the most powerful storm to hit the east coast of Florida since Hurricane Andrew in 1992.  Dorian is being described as a “monster hurricane”, and Florida Governor Ron DeSantis has already declared a state of emergency for all 67 counties in the state of Florida.

We will see how things develop over the next several days, but at this point it has become clear that Dorian has the potential to be an exceedingly dangerous storm.

In fact, President Trump himself is telling us that Dorian could be “perhaps one of the biggest” hurricanes that the U.S. has ever seen…

Hurricane Dorian looks like it will be hitting Florida late Sunday night. Be prepared and please follow State and Federal instructions, it will be a very big Hurricane, perhaps one of the biggest!

The reason why meteorologists are so concerned is because Dorian will be traveling over extremely warm waters for the next 48 hours, and that means that we should see “steady intensification during the next 2 to 3 days”

“The warmer the water, the more moisture is in the air,’’ the website for the National Oceanic and Atmospheric Administration says. “And that could mean bigger and stronger hurricanes.’’

The weather service said current conditions in the Atlantic “should allow for at least steady intensification during the next 2 to 3 days.’’

 …click on the above link to read the rest of the article…

An Indicator With A 100% Perfect Track Record Of Predicting Recessions Says That Another One Is Coming

An Indicator With A 100% Perfect Track Record Of Predicting Recessions Says That Another One Is Coming

You can believe that we will somehow beat the odds this time if you want, but history is completely against you.  One of the biggest reasons why there is so much anxiety on Wall Street right now is because of how the yield curve is behaving.  We have seen yield curve inversions before each of the last seven U.S. recessions, and now it has happened again.  Perhaps this helps to explain why insiders are dumping stocks right now as if there will be no tomorrow.  If you were looking for a giant waving red flag to tell you that it is time to run for the exits, it doesn’t get much better than this.  This week, we watched the yield curve do something that it hasn’t done in 12 years

The spread between the 10-year Treasury yield and the 2-year rate fell to negative 5 basis points, its lowest level since 2007. This is called a yield curve inversion. Experts fear it because in the past it has preceded recessionary periods. The 3-month Treasury bill rate also traded higher than the 30-year bond yield.

“The primary thing is yields are going down and going down with some acceleration,” said Art Cashin, the director of floor operations at UBS.

In addition, the spread between 3 month Treasury bonds and 10 year Treasury bonds just hit negative 50 basis points.  We haven’t seen that happen since March 2007.

And as David Rosenberg has noted, when the spread between 3 month Treasury bonds and 10 year Treasury bonds goes negative for at least three months, we have a recession 100% of the time…

We now have had three months of a 3-mo/10-yr yield curve inversion. The track record this has had in predicting recessions: 100%.

Preparing For A Financial Apocalypse: Insiders Are Selling “$600 Million Of Stock Per Day In August”

Preparing For A Financial Apocalypse: Insiders Are Selling “$600 Million Of Stock Per Day In August”

In the U.S., corporate insiders have been selling stocks at an average rate of 600 million dollars per day during the month of August.  This kind of wild selling indicates that there is a tremendous amount of fear among corporate insiders right now, and such selling would only make sense if a stock market crash is imminent.  And without a doubt, we have already seen volatility return to Wall Street in a major way as our trade war with China has dramatically escalated.  Many Americans are hoping that things will start to calm down and that our trade conflict with China can be resolved calmly, because if things take a bad turn many analysts are warning that we could soon be facing the worst financial crisis since 2008.  Here is one example

Remember the brutal sell-off last year when stocks suffered their worst December since the Great Depression? Something worse than that could happen in days, a Nomura analyst said.

Macro and quant strategist Masanari Takada turned heads earlier this month with his bold call for a “Lehman-like” plunge. He’s sticking with this prediction as market sentiment shows no signs of improving, leading him to believe a monster sell-off could arrive this week.

With chilling forecasts like that being thrown around on a regular basis these days, it is understandable that corporate insiders would be tempted to get out of the market, and right now they are racing for the exits at a pace that is absolutely breathtaking.  The following comes from CNN

Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs Investment Research, which tracks stock market liquidity.

 …click on the above link to read the rest of the article…

$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates

$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates

Our trade war with China has begun to spiral out of control, and as a result global financial markets have been thrown into a state of turmoil.  On Monday, the Dow Jones Industrial Average fell 767 points, and that represented the sixth-largest single day stock market decline in all of U.S. history.  To put that into perspective, the biggest single day decline during the financial crisis of 2008 was just 777 points.  So what we witnessed on Monday was definitely very serious.  And the Nasdaq just got absolutely monkey-hammered as well.  On a percentage basis, it was down even more than the Dow was, and it has now fallen for six days in a row.  We have not seen a losing streak that long for the Nasdaq since President Trump was elected, and some analysts are convinced that even more chaos is on the way.

Overall, 1.4 trillion dollars in stock market wealth has been completely wiped out in less than a week

It took just four brutal trading days for a $1.4 trillion wipeout in the S&P 500 stock value. From the Federal Reserve’s disappointing comments on the future of interest rates to President Donald Trump’s surprise tariffs to China’s weaponizing of the yuan, the record-long bull market took a big hit in a relatively short time.

European stocks have been getting clobbered as well.  In fact, they just experienced their largest two day decline in three years.

After Trump imposed another wave of tariffs on China at the end of last week, we knew that the Chinese would retaliate.  But we expected that the retaliation would be at least somewhat proportional.

Instead, they decided to bring down the hammer.

 …click on the above link to read the rest of the article…

America Is Not Going To Be A Free And Open Society Any Longer

America Is Not Going To Be A Free And Open Society Any Longer

Whenever a tragic act of violence makes national headlines, the calls to give up more of our freedoms and liberties in exchange for the promise of increased security become deafening.  But if we take another step toward becoming an authoritarian society every time something horrible happens, eventually we won’t have any of the basic liberties and freedoms that previous generations of Americans fought so hard to secure for us.  Unfortunately, voices like mine are becoming increasingly rare, and the American people seem to want a society that will shelter them from anything that could possibly go wrong.  Of course there has never been such a society in all of human history, and we won’t be able to create one either.  No governmental system can eliminate the problem of evil, and bad things sometimes happen to good people.  And without a doubt, the mass shootings that we witnessed over the weekend were absolutely horrific.  In less than 24 hours, 29 American lives were lost between these two mass shootings, and this has greatly shaken the entire nation

On Sunday, Americans woke up to news of a shooting rampage in an entertainment district in Dayton, Ohio, where a man wearing body armor shot and killed nine people, including his own sister. Hours earlier, a 21-year-old with a rifle entered a Walmart in El Paso and killed 20 people.

In a country that has become nearly numb to men with guns opening fire in schools, at concerts and in churches, the back-to-back bursts of gun violence in less than 24 hours were enough to leave the public stunned and shaken.

Sadly, these are not isolated incidents.  As our society has become less moral, we have seen an escalation of violence all over the country.

 …click on the above link to read the rest of the article…

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