Category Archives: Financial

Watching the Economy Unfold

Caterpillar Suffers Worst Month Since Lehman, 26 Consecutive Months Of Declining Retail Sales Once upon a time, C was the world’s industrial bellwether and a Dow Jones Industrial staple. Lately, in addition to suddenly developing a very close relationship with Federal … Continue reading

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Welcome To The Wreckovery

Moments ago, Caterpillar was added to the great and growing list of bellwether companies that have reported disastrous Q4 earnings misses, when it announced that not only did it wildly miss its EPS estimate of $1.55, reporting only $1.35 in … Continue reading

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Banker Suicide “Hit” Parade

1) David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room 2) Tim Dickenson, a U.K.-based communications director at Swiss Re AG 3) William Broeksmit, 58, former senior manager for Deutsche Bank 4) … Continue reading

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Numerous FX Brokers Shutter After Suffering “Significant Losses” Following SNB Stunner

Update: 2 more FX brokers have just gone belly up, UK-based Calpari and New Zealand’s Excel Markets. From Alpari’s statement: The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss … Continue reading

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Bank Run in Geneva?

There are long lines of people at banks in Geneva as people realize a windfall of 30% overnight by converting Swiss francs into Euros. And that is how quickly your dollars will become devalued in the future when the petrodollar … Continue reading

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And There Goes the Obama Recovery

The economic impact that the collapse of the shale oil industry is twofold: 1. Cheaper gasoline 2. Lower GDP and higher unemployment As your pResident boasts about his economic (hamburger flipper) recovery, the only real bright spot was the shale oil … Continue reading

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How the Government Steals the Fruit of Your Labor

As of the last day of 2014, total US debt soared by $98 billion in one day (driven again by Social Security debt surging on the last day of the month to a record $5.117 trillion), and closing off 2014 … Continue reading

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Bail-Ins Appear to Be Beginning

On Monday, one man that I personally know recently attempted to transfer a sizable sum of money (i.e. $110,000) from savings to checking to cover a check he had written for a large purchase. He attempted to move the money … Continue reading

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Dawn of War

More…

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We Just Witnessed The Worst Week For Global Financial Markets In 3 Years

Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.  On June 16th, U.S. oil was trading at a price of $107.52.  … Continue reading

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Remarks by Senator Warren on Citigroup and its bailout provision

h/t Jeff M ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You may not like Sen. Warren but she is correct on this point. We are being sold to the banks by both parties. Keep track of the politicians who voted for the Cromibus bill. David DeGerolamo … Continue reading

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US lawmakers reach $1tn budget deal to avoid shutdown

US lawmakers have reached a last-minute deal on a spending package to avert a federal shutdown, funding most of the government through September while kicking a high-stakes battle over immigration into next year. Details of the $1tn package were still … Continue reading

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After Abysmal Thanksgiving Spending, Cyber Monday Sales Are Latest Disappointment: Rise At Half 2013 Pace

Prepare to hear much more of the “retail spending slowed down because the economy is just too strong” excuses today, used most hilariously by the NRF on Sunday to explain the unprecedented 11% collapse in the 2014 4-day holiday weekend … Continue reading

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Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt

Treasury Secretary Jacob Lew (AP Photo) The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started … Continue reading

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Senior Citi Banker Found Dead In Bathtub With Slashed Throat

The dust has barely settled on the latest high profile banker suicide in which Deutsche Bank’s associate general counsel, and former SEC regulator, Charlie Gambino was found dead, having hung himself by the neck from a stairway banister, and here … Continue reading

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Putin Prepares For Economic War, Buys Stunning 55 Tonnes Gold In Q3

Vladimir Putin’s government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in … Continue reading

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The Economic End Game Explained

Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall. Rarely does anyone see the edge of the cliff or even the bottom of the abyss before it … Continue reading

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Most People Cannot Even Imagine That An Economic Collapse Is Coming

The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans.  After all, the economy has been relatively stable for quite a few years and the stock market continues to … Continue reading

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Sears, Kmart Black Friday deals replaced with going out of business sales

Sears and Kmart may be replacing their traditional Black Friday sales with deals that offer holiday shoppers an even bigger discount. With a total of 77 Sears and Kmart stores across the country scheduled to close before Christmas, it looks … Continue reading

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Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide

Back on January 26, a 58-year-old former senior executive at German investment bank behemoth Deutsche Bank, William Broeksmit, was found dead after hanging himself at his London home, and with that, set off an unprecedented series of banker suicides throughout the … Continue reading

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19 Very Surprising Facts About The Messed Up State Of The U.S. Economy

by Michael Snyder Barack Obama and the Federal Reserve are lying to you.  The “economic recovery” that we all keep hearing about is mostly just a mirage.  The percentage of Americans that are employed has barely budged since the depths of the … Continue reading

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9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

Is the stock market about to crash?  Hopefully not, and there definitely have been quite a few “false alarms” over the past few years.  But without a doubt we have been living through one of the greatest financial bubbles in … Continue reading

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Bank of China and Russia signed a bilateral currency swap agreement

From The Bank of China: The approval of the State Council, October 13, 2014, People’s Bank of China and the Central Bank of the Russian Federation signed a scale of 150 billion yuan / 815 billion rubles of bilateral currency … Continue reading

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Sign of the Times: Clorox Stock Is the Top Performer in Premarket Sales

The world stock market plunge is continuing as shown below. However, the top standout stock in premarket sales is Clorox: up 2.61%. And that is the story as Ebola fears will be the guiding factor for the world’s economy. But … Continue reading

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Truth for US Employment

Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, … Continue reading

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Boehner and Pelosi Unite to Pass Bill Funding Planned Parenthood, Obamacare, Syrian Revolutionaries

(CNSNews.com) – House Speaker John Boehner (R.-Ohio) and House Minority Leader Nancy Pelosi (D.-Calif.) joined forces early Wednesday evening as the House passed a continuing resolution that will fund the government after the end of the fiscal year on Sept. … Continue reading

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Kohl’s And The Rest Of The Retailers Are In Deep Doo Doo

Here are my observations after taking a look at the government propaganda report: The unadjusted retail sales were only 3.2% higher than last August. Considering government reported inflation of 2%, that is a pretty shitty result. But have no fear. … Continue reading

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Government Interest Payments

The U.S. gross federal debt currently stands at $17.548 trillion, and net interest payments to our creditors are the fastest-growing item in the budget. In 2014, the Congressional Budget Office projects that the nation will spend $233 billion on interest … Continue reading

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Laurence Kotlikoff- SIPC Running a Ponzi Scheme

www.youtube.com/watch?v=H-jpsVmXCW4#t=1s

h/t Jeff M

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Ebola Spreading ‘Exponentially’ as Patients Seek Beds in Liberia

The Ebola virus is spreading exponentially across Liberia as patients fill taxis in a fruitless search for medical care, the World Health Organization said Monday. … The various reports illustrated in the clearest possible way the disparities driving the epidemic … Continue reading

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De-Dollarization Continues: China-Argentina Agree Currency Swap, Will Trade In Yuan

It appears there is another nation on planet Earth that is becoming isolated. One by one, Russia and China appear to be finding allies willing to ‘de-dollarize'; and the latest to join this trend is serial-defaulter Argentina. As Reuters reports, … Continue reading

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A Jobless Recovery and Employment Lies

Looking at the employment statistics regardless of the category into which they fall, too many expect the government to make work for them and want an unsustainable increase in the minimum wage not based on market demands. The latest data … Continue reading

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STUDY: NET JOB GROWTH IN NC SINCE 2000 WENT TO IMMIGRANTS

The net increase in the number of employed working-age adults in North Carolina has gone entirely to legal and illegal immigrants since 2000, according to an analysis of government data conducted by the Center for Immigration Studies. According to the limited immigration … Continue reading

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Ann Barnhardt: The “Gone Concern Buffer”, aka Seizing Your Bank Deposits

This came across the transom a couple of days ago, and SHTFplan.com has covered it here, but this REALLY needs to be pushed and publicized.  You’ve GOT to get your wealth out of banks – most especially the big ones.  This … Continue reading

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Durables Goods, Excluding Bumper Boeing Orders, Suffer Biggest Drop Of 2014

The headline print of a record-breaking 22.6% gain – smashing the 8.0% expectation – hides the extremely obvious factor of the largest civilian aircraft orders (an entirely one-off non-repeatable factor). Durables ex Transportation collapsed from a 3% gain to a 0.8% … Continue reading

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Only A Fool Would Be in the Stock Market

So the stock market hit a new record today. But no one is buying stocks. Except the central banks with fiat currencies. David DeGerolamo S&P Makes History On Lowest Volume Of The Year As we noted early on, by the … Continue reading

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We All Knew This Day Was Coming

The ascension of the East and the decline of the West is hanging in the balance of the petrodollar. When (not if) the dollar is replaced as the world’s reserve currency, our economy will collapse. Along with any assets stored … Continue reading

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Report: Government Accounting Hides Debt

Your state may not be as fiscally solvent as politicians have led you to believe, according to a new report. The Competitive Enterprise Institute (CEI) released a report in July detailing the multi-trillion dollar gap in state pension funding that could … Continue reading

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Futures Tumble Again On Global Equity Weakness

If yesterday’s selloff catalysts were largely obvious, if long overdue, in the form of the record collapse of Espirito Santo coupled with the Argentina default, German companies warning vocally about Russian exposure, the ongoing geopolitical escalations, and topped off by … Continue reading

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21 Ways To End The Phrase ‘Americans Are So Broke…’

by Michael Snyder Did you know that 77 million Americans have unpaid debts that are “in collections” and that Congress is actually thinking about letting post offices offer payday loans?  We live in a country where almost everyone is drowning … Continue reading

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