…… a reminder of just how short collective memory is, as barely a year ago, the media, Congress and the broader public all rightfully slammed US corporations for having spent the bulk of their cash in the past decade on stock buybacks, and not on building a rainy day fund… which is why everyone demanded a government bailout in the immediate aftermath of the covid crisis…
Earlier this week, when looking at the latest BofA card spending data, we observed that “whereas previously the bulk of the upside spending game from debt card outlays, in recent weeks we have seen a solid increase in credit…
…Authored by MN Gordon via EconomicPrism.com, How much does gas cost in your hamlet? Here in the Los Angeles Basin the price of gas is now over $4 per gallon. One year ago, it was just $2.89. Could this be an example of what Fed […]
Comment by tonytran2015: World recession may begin with a stock market crash in one country spreading to others.
All Hell Breaks Loose In Turkey: Stocks Halted, Overnight Lira Implied Rate Hits 10,000% Chaos has broken out across Turkey’s capital markets with bank shares crashing and marketwide stop-loss halts activated after President Tayyip Erdogan shocked investors by sacking the central bank governor. Turkey’s stock market logged its worst two days since the global financial […]
…More than 100,000 businesses have permanently shut down, approximately 10 million Americans are in danger of being evicted from their homes, and weekly unemployment claims have been above the old record set in the early 1980s every single week for nearly an entire year. Meanwhile, the absolutely insane polices that the Federal Reserve…
…The folks who are moving back are taking advantage of deeply discounted rents and high concessions offered by landlords desperate for new tenants. The return of people to the metro area […]
Every large city in America will turn into a third-world hellhole if the globalist agenda is accomplished
Source: Kelen McBreen
A viral video out of Philadelphia, Pennsylvania shows the run-down state of the Kensington Avenue area of the city after sundown.
Another once-great American metropolis fallen due to Democrat policies, the City of Brotherly Love now looks more like a scene from an apocalyptic zombie film.
Our Dead Money Economy Authored by Charles Hugh Smith via OfTwoMinds blog, The U.S. stock and bond markets and its entire financial system now teeter on the edge of collapse if there is even a slight hint that 1) the Fed won’t give more free candy to Wall Street or 2) the Fed has lost […]