Category Archives: Financial

19 Signs That The U.S. Consumer Is Tapped Out

by Michael Snyder You can’t get blood out of a rock.  Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us.  In order to … Continue reading

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Deluded Currency Cultists Believe The Dollar Is Invincible

by Brandon Smith At the onset of the derivatives collapse in 2007/2008 it would have been easy to assume that most of America was receiving a valuable education in normalcy bias. In 2006, the amount of ego on display surrounding … Continue reading

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Is “Dr. Copper” Foreshadowing A Stock Market Crash Just Like It Did In 2008?

By Michael Snyder Is the price of copper trying to tell us something?  Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next.  For example, back in2008 the price of copper dropped from nearly … Continue reading

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We Are In FAR Worse Shape Than We Were Just Prior To The Last Great Financial Crisis

by Michael Snyder None of the problems that caused the last financial crisis have been fixed.  In fact, they have all gotten worse.  The total amount of debt in the world has grown by more than 40 percent since 2007, … Continue reading

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Celebrating China’s First Bond Default: Copper Limit Down, Yuan Crashes Most In Six Years

It would appear the fecal matter is starting to come into contact with the rotating object in China. Worrying headlines are beginning to mount on the back of real economic events (an actual default and a collapse in exports): *COPPER IN … Continue reading

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China Credit Markets Tumble Most In 3 Months As Default Spooks Lenders, Deals Pulled

It’s happened – China has suffered its first domestic corporate bond default as Chaori fails to meet interest payments on schedule and rather more surprisingly failed to receive a last-minute mysterious or otherwise bailout… *CITIC BANK WON’T HELP CHAORI MAKE … Continue reading

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Why the Banksters Don’t Care About Your Gold

FREEMANSPERSPECTIVE I regularly hear how important it is to hold silver and gold and how dangerous the central banks and their banksters (a combination of bankers and gangsters) really are. I’m sympathetic, of course, since I don’t like central banks … Continue reading

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Economist John Williams: Financial Collapse if Russia Sells U.S. Dollar Holdings

httpv://www.youtube.com/watch?v=9LSHdkaCLOA From YouTube: John Williams of Shadowstats.com says, “Don’t look for the U.S. dollar as the safe haven.” Williams contends, “Historically, the dollar has been the safe haven in a political or financial crisis, but that hasn’t been the case … Continue reading

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The Top 12 Signs That The U.S. Economy Is Heading Toward Another Recession

by Michael Snyder Is the U.S. economy steamrolling toward another recession?  Will 2014 turn out to be a major “turning point” when we look back on it?  Before we get to the evidence, it is important to note that there … Continue reading

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Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions

While the comments by Russian presidential advisor, Sergei Glazyev, came before Putin’s detente press conference early this morning, they did flash a red light of warning as to what Russian response may be should the west indeed proceed with “crippling” … Continue reading

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Japan’s Market Breaks

Having ripped higher by over 200 points after the US close, Nikkei 225 futures have “glitched”: *JPX SAYS NIKKEI 225 FUTURES STOPPED TRADING AFTER 11AM TOKYO More…

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Russian markets plunge as Putin tightens Crimea grip

Russia paid a heavy financial price on Monday for its military intervention in neighboring Ukraine, with stocks, bonds and the ruble plunging as President Vladimir Putin’s forces tightened their grip on the Russian-speaking Crimea region. The Moscow stock market fell 10.8 percent, wiping nearly … Continue reading

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Global Equities Tumble Over Ukraine Fear

We were perhaps even more amused than our readers by our Friday headline “Stocks Close At New Record High On Russian Invasion, GDP Decline And Pending Home Sales Miss.” It appears that today the market forgot to take its lithium, … Continue reading

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Indians lose crores in bitcoins as Japan exchange collapses

In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world’s largest bitcoin exchange so far. Having filed for … Continue reading

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Senate Dems to skip 2015 budget

Senate Democrats will not write a budget for the next fiscal year. One year after writing and passing the first Senate Democratic budget resolution in four years, Senate Budget Committee Chairwoman Patty Murray (D-Wash.) said her conference will not make … Continue reading

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