CNNMoney (London) “Sell everything.” That harrowing advice is from The Royal Bank of Scotland, which has warned of a “cataclysmic year” ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go. “Sell everything except high quality bonds,” warned Andrew Roberts in a note this week. He said […]
By Michael Snyder We have never had a year start the way that 2016 has started. In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now down 21 percent since September, and it has been an absolute bloodbath […]
The startling reversals in Syria and Iraq now afford us our daily whiff of gunpowder and desperation, and Ukraine has been largely swept from the front pages. This is a matter of no small concern to the incompetent train wreck that is its government, because the flow of financial life support on which it relies is, […]
By Michael Snyder The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to […]
And things will continue to unravel as we move into 2016 and beyond… A Double Dip By The ISM Manufacturing Index Into Contraction Territory Preceded The Previous Two Big Bear Markets For Stocks A key gauge of manufacturing activity has double-dipped into recession territory, but stock market investors don’t seem to care. History suggests, however, […]
While Edward Snowden and Chelsea Manning and John Kiriakou are vilified for revealing vital information about spying and bombing and torture, a man who conspired with Goldman Sachs to make billions of dollars on the planned failure of subprime mortgages was honored by New York University for his “Outstanding Contributions to Society.” This is one example […]
2015 has not been kind to Kazakhstan’s economy (the largest in Central Asia). Although it has the highest levels of economic freedom in the region, the country’s growth has slowed, with estimates now calling for just 2.8 percent, significantly less than last year’s 4.3 percent. The culprits in the decline? A weakened Russian currency and […]
Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Dallas-Fort Worth has been a prime beneficiary of the Golden State’s “hostile” business environment. That’s the conclusion of study by Joseph Vranich, a site selection consultant and president of Irvine, California-based Spectrum Location Solutions. Of the […]
By Michael Snyder All over America, the middle class is dying and poverty is on the rise. One of the primary reasons for this is the rapidly rising cost of living in the United States. The cost of just about everything that average families shell out money for on a regular basis – food, rent, […]
(Stockholm) According to UN projections, Sweden will be a much poorer country by 2030, much worse than what anyone in the Swedish government indicates. The UN report HDI (Human Development Index) predicts a significant decrease in Swedish prosperity, unlike their Nordic neighbors, who will retain their top positions and even strengthen them globally in the […]
