(Zero Hedge) As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation…
economy
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise
(Zero Hedge) Something is seriously starting to break in China’s financial system.
“Farmageddon”: Trump Announces More Emergency Bailouts As U.S. Farm Debt Soars To $416 Billion
(Michael Snyder) President Trump just announced yet another round of emergency bailouts for U.S. farmers. This emergency aid will be greatly welcomed by countless struggling farmers, but a few thousand dollars won’t be nearly enough to save most of the farms that are on the verge of failing.
Guess Who Is Preparing For A Major Stock Market Crash?
(Michael Snyder) Pessimism is spreading like wildfire on Wall Street, and this is particularly true among one very important group of investors. And considering how much money they have, it may be wise to listen to what they are telling us. According to a very alarming survey that was recently conducted by UBS Wealth Management, most wealthy investors now believe that there will be a “significant” stock market decline before the end of next year. The following comes from Yahoo Finance…
World’s Ultra-Rich Preparing For Market Crash, UBS Warns
(Zero Hedge) A synchronized global slowdown, with no end in sight, has spooked some of the wealthiest investors around the world, according to a new survey from UBS Wealth Management, seen by Bloomberg. UBS polled wealthy investors, who are preparing for a significant stock market correction by the end of next year.
53 Million Americans Drowning In Cycle Of Low-Wage Work
(Zero Hedge) It’s the “Greatest Economy Ever,” right? Well, it depends on who you ask.
Strategist Warns: “The Mother of All Bubbles” Could Pop If Profits Don’t Improve
(Mac Salvo) Blackstone strategist Joseph Zidle is warning that the “mother of all bubbles” could burst if profits don’t improve. Zidle thinks there are several problems in the market right now, including the repo market woes, negative-yielding debt, global trade conflicts and collapsing manufacturing.
The Hidden Costs of a Universal Basic Income
(Arkadiusz Sieroń) The universal basic income (UBI) is gaining popularity as the alternative to the current welfare system. The idea is to give each citizen the same amount of money, no matter if he or she works or not. Therefore, unlike traditional welfare systems, the UBI has no means test, nor willingness-to-work test. Nobody would be then left without a livelihood even if there is no work for him. Doesn’t that sound great?
The Boom Turns Into A Bust – Here Are 14 Signs That The US. Economy Is Steadily Weakening
(Michael Snyder) There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.
The Working Poor: 50 Percent Of American Workers Make Less Than 33,000 Dollars A Year
(Michael Snyder) The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media. Yes, about 10 percent of all American workers are making $100,000 or more a year, but most of those high paying jobs are concentrated in the major cities along the east and west coasts.
Paul Craig Roberts: “Oligarchs Will Crash The System To Boot Trump”
(Greg Hunter) Economic expert and award winning journalist Dr. Paul Craig Roberts predicts that the oligarchs of the New World Order (NWO) will do anything to boot President Trump out of office.
America’s Financial Suicide: The Budget Deficit Rises 26% In 1 Year As Federal Spending Spirals Wildly Out Of Control
(Michael Snyder) We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years. In fact, it was actually 26 percent larger than last year. Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead.
China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status
(Geopolitics) There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order.
Something Is Wrong: The Fed Is Offering $100 Billion A Day In Loans To Unnamed Banks
(Mac Slavo) The Federal Reserve is once again secretly shelling out trillions of dollars in the dark, while Congress willingly looks the other way. In other words, the central bank has initiated a replay of the 2007-2010 financial crisis.
Peter Schiff: The Party Is Over — The Great Recession Looms
(Zero Hedge) As Peter Schiff put it in his podcast, if the first trading day of the fourth quarter was a sign of things to come, bulls on Wall Street are in for a rough end to the year. In fact, Peter said the party is over and you don’t want to be the last one to leave.