In the worst sell-off since President Trump was elected, US stocks tumbled on Friday on fears a still expanding economy was finally pushing interest rates into the red zone. As investors fled equities, the Dow Jones industrial average tumbled 666 points — the largest point decline for the index since the Great Recession. One hour […]
A new financial crisis is brewing in the emerging economies and it could hit “with a vengeance”, an influential group of central bankers has warned. Emerging markets such as China are showing the same signs that their economies are overheating as the US and the UK demonstrated before the financial crisis of 2007-08, according to […]
While the left, especially President Obama himself, spreads the lie that the economy is doing great, Macy’s is to cut 10,000 jobs. So, Macy’s, how are Obamanomics working for you? Barack Obama is supporting efforts by liberal state legislators across America to raise the minimum wage to $15/hour. This is additional pressure that America’s struggling […]
by CHRISS W. STREET The number of women in part-time jobs has doubled in the eight years of President Barack Obama’s tenure, because his management of the economy has produced very few new full-time jobs, according to a new report by left-wing academics. From 2005 to 2015, the percentage of men in “alternative work” increased […]
As SHTFPlan.com’s Mac Slavo points out… The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can […]
By Michael Snyder Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years. Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead. The general consensus in the investing community is that a Trump […]
By Michael Snyder Did you know that almost 70 percent of the U.S. population is essentially living paycheck to paycheck? As you will see below, a brand new survey has found that 69 percent of all Americans have less than $1,000 in savings. Of course one of the primary reasons for this is that most […]
To make outsized returns or avoid some nasty losses in investing, you have to go against the grain. There are few people who live that principle more than Reggie Middleton, the CEO of fintech (financial technology) company Veritaseum. On his independent research website BoomBustBlog, he called the demise of Bear Stearns, Lehman Brothers, and BlackBerry […]
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show. There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the […]
By Jim Clifton, Chairman and CEO at Gallup The Invisible American I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week. I don’t think it’s true. The percentage of Americans who say they are in the middle or upper-middle […]
