(Laura Williams) The official “unemployment rate” in the US is nearing historic lows, according to a recent announcement. For young readers, especially, this may come as a surprise. You may see your friends and family struggling to find enough well-paying work to make ends meet, and you may have personally experienced the frustration of wanting a job but not finding one.
economy
Retail Apocalypse’ Continues: Forever 21 Files For Bankruptcy, 30,000 Jobs At Risk
(Zero Hedge) Following reports earlier this month that a bankruptcy for the fast-fashion pioneer was imminent, Forever 21 filed for Chapter 11 protection in Delaware Sunday night, becoming the latest brick-and-mortar retailer to succumb to the Amazon-driven ‘retail apocalypse’, Bloomberg reports.
Debt Bombs: Here Are The States With The Most Debt
(Zero Hedge) According to a new report from Truth in Accounting, the most-indebted states include New Jersey, Illinois, Connecticut, Massachusetts, Hawaii, Delaware, Kentucky, California, and New York.
Economist: If Donald Trump Is Impeached, You Should Expect The Mother Of All Stock Market Crashes To Happen
(Michael Snyder) News that an impeachment inquiry is being initiated instantly sent stock prices tumbling on Tuesday, but that small jolt is nothing compared to what we will experience if Donald Trump is actually impeached. Over the past couple of years we have seen a tremendous boom in stock prices, and one of the big reasons for that boom is the fact that the folks on Wall Street know that Trump is always going to be looking out for their best interests.
The Latest Numbers Tell Us That The Global Economic Slowdown Is Accelerating Dramatically
(Michael Snyder) Economists are already predicting “the world’s lowest growth in a decade”, but it is beginning to look like what we will be facing will be much worse than that. In recent days, numbers have been coming in from all over the planet that are absolutely abysmal.
18 Facts on the US National Debt That Are Almost Too Hard to Believe
(Mitchell Nemeth) At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic debt will someday become due and payable. However, there is hesitation among the political class as to what must be done to pay down and eliminate this debt.
Liquidity Shortage Getting Worse: Fed’s Repo Oversubcribed Even More As Funding Demand Jumps
(Zero Hedge) For those hoping that the dollar shortage and overnight funding crunch would ease on the third day after the G/C repo rate exploded as high as 10%, we have bad news: it has not.
Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In The Repo Market For The First Time Since 2008
(Michael Snyder) For the very first time since the last financial crisis, the Federal Reserve has been forced to conduct an emergency intervention in the repo market. I know that a lot of people out there don’t know what the repo market is or how it works, and so let me start out with a very basic analogy that may help people understand what we are facing.
Economy News: Liquidity Shortage Getting Worse: Fed’s Repo Oversubscribed As Funding Demand Soars 50% Overnight
(Zero Hedge) 20 minutes after today’s repo operation began, it concluded and there was some bad news in it: as we feared, yesterday’s take up of the Fed’s repo operation which peaked at $53.2 billion has expanded substantially, and according to the Fed, today there was a whopping $80.05BN in bids submitted, an increase of $27 billion, or 50% more than yesterday.
2 Letters; $20 Billion Lost
(Adventures in Capitalism) Over the past few months, we’ve learned a lot about the psyche of the typical Ponzi Sector investor.
“Big Short” Investor Michael Burry Explains How Index Funds Will Trigger The Next Crash
(Zero Hedge) After years of radio silence, Dr. Michael Burry – the small-time stockpicker who rose to fame for his bets against subprime mortgage bonds featured in the book (and later film) “the Big Short” – is once again doing the media rounds, talking about his latest equity plays and sharing his thoughts about the next big market blowups.
28 Signs Of Economic Doom As Pivotal Month Of September Begins
(Michael Snyder) Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now. Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.
An Indicator With A 100% Perfect Track Record Of Predicting Recessions Says That Another One Is Coming
(Michael Snyder) You can believe that we will somehow beat the odds this time if you want, but history is completely against you. One of the biggest reasons why there is so much anxiety on Wall Street right now is because of how the yield curve is behaving.
New World Order In Meltdown — Developments Confirm the Deep State is Losing
(Jon Hellevig) Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix.
US Slaps New Tariffs On China; One Minute Later China Retaliates
(Zero Hedge) The biggest reason for last week’s torrid stock market rally was rekindled “optimism” that the escalating trade war between the US and China may be on the verge of another ceasefire following phone conversations, fake as they may have been, between the US and Chinese side. This translated into speculation that a new round of tariffs increases slated for this weekend may not take place or be delayed.