By Michael Snyder Something has just happened that has signaled a recession every single time that it has occurred since World War I. 16 times since 1919 there have been at least 8 month-over-month declines in industrial production during the preceding 12 month period, and in each of those 16 instances the U.S. economy has […]
By Michael Snyder You may have noticed that things are starting to get crazy. Financial markets are imploding, violent crime rates are soaring in our major cities, and we have witnessed a truly unusual series of natural disasters in recent months. War in the Middle East continues to rage out of control, and Islamic terror […]
Further proof that the laws of economics don’t give a flying leap about FEEEEELINGS, we have this news from Wal-Mart. (Watch – some butthurt Social Justice Cultist is going to start protesting the natural way the economy works. Sorry, kiddos. You can’t legislate human nature). According to this, Wal-Mart has announced the closure of 269 […]
By: CR Editors | January 13th, 2016 It is hard not to feel protective over Donald Trump while the political classes are seething and scornful. They are unacquainted with such powerlessness. Control was never supposed to stray this far from their grasp. And their rage, manifested in every hapless attack on Trump and his supporters, […]
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, […]
This appears to be real screenshot of a Facebook post from a Bernie Sanders supporter and it’s going viral. Take a look… From The Federalist Papers: It’s hard to read things like this and not think America is doomed. How can young people be so naive to believe Sanders is going to provide “free” stuff. […]
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 […]
Everybody knew it but it took a while to become official. In the case of overstated Chinese GDP figures, we now have confirmation from the Chinese state mouthpiece Xinhua that they have been made up for a long period of time, at least on the regional level. This is just short of the National Audit Office admitting GDP numbers are basically […]
