(Michael Synder) The housing market indicated that a crisis was coming in 2008. Is the same thing happening once again in 2018? For several years, the housing market has been one of the bright spots for the U.S. economy. Home prices, especially in the hottest markets on the East and West Coasts, had been soaring. But now that has completely changed, and home sellers are cutting prices at a pace that we have not seen since the last recession. In case you are wondering, this is definitely a major red flag for the economy. According to CNBC, home sellers are “slashing prices at the highest rate in at least eight years”…
economy
New Report: Artificial Intelligence Will Handle 52% Of Current Work Tasks By 2025
(Mac Slavo) A new World Economic Forum study has concluded that robots and artificial intelligence will handle about 52% of current work tasks by the year 2025. That’s almost twice as many as they already currently handle.
Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes
(Michael Synder) The wait for the next global financial crisis is over. Major currencies all over the planet are in a “death spiral”, many global stock markets are crashing, and economic activity is beginning to decline at a stunning rate in quite a few nations. Over the past 16 years, the emerging market debt bubble has grown from 9 trillion dollars to 63 trillion dollars. Yes, you read that correctly.
Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem
(Michael Snyder) America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt loads have never been higher, and the federal government has been adding more than a trillion dollars a year to the federal debt ever since Barack Obama entered the White House.
The Number Of Americans Living In Their Vehicles “Explodes” As The Middle Class Continues To Disappear
(Michael Snyder) If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed.
Beware – The Last 7 Times The Yield Curve Inverted The U.S. Economy Was Hit By A Recession
(Michael Snyder) Seven times since the 1960s we have seen the yield curve invert, and in each of those seven instances an economic recession in the United States has followed. Will this time be any different? Today, the yield curve is the flattest that it has been in 11 years, and many analysts believe that we will see an inversion before the end of 2018.
Why CONFIDENCE is the Backbone of the New Monetary System
QUESTION: Mr. Armstrong; I found your recent article on inflation and contagions fascinating. Am I correct in summing it up that today because currencies are not commodity based, they rise and fall on anticipation of political events whereas under precious metals contagions took place by one country debasing compared to another?
Big Bank Studies Predict Space Industry in the Trillions, But…
(Joseph P Farrell) Mr. B. spotted this intriguing article, and given yesterday’s blog about mind control, its apparent growing use globally, and the “missing trillions”, I had to blog about this one. The upshot is that some major bank studies by Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch have concluded that by 2040, the space industry will approach between one and almost three trillion dollars of market value; here’s the article:
Trump Sets His Sights on the Fed’s Tightening and the Strong Dollar — “It Was Only A Matter of Time”
(Palisade Research) Who says that the President doesn’t – and shouldn’t – pay attention to the U.S. Dollar’s value?
The Trade War Is Already Having A Huge Impact On The U.S. Economy
(Michael Snyder) The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy. Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes.
Ron Paul Warns That When The “Biggest Bubble In The History Of Mankind” Bursts It Could “Cut The Stock Market In Half”
(Michael Snyder) When this bubble finally bursts, will we witness the biggest stock market crash in U.S. history? “The bigger they come, the harder they fall” is a well used phrase, but I think that it is very appropriate in this case. From a low of 6,443.27 on March 6th, 2009, we have seen the Dow nearly quadruple in value since the last financial crisis.
Civil Unrest = Hoarding of Assets — Why Scarcity Leads to Violence
(Martin Armstrong) QUESTION:Mr. Armstrong; You pick themes that are not really just political on the surface, but beneath you are connecting the dots economically. This is what I read between the lines for you do not always emphasize it in every post why you will address issues like migration and civil unrest. Are these serious issues to the economic backdrop?
The Truth About The Employment Numbers – Nearly 102 Million Working Age Americans Do Not Have A Job Right Now
(Michael Snyder) Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media. The truth is that they actually aren’t very good at all.
15 Signs That The Middle Class In The United States Is Being Systematically Destroyed
(Michael Snyder) If your family is really struggling right now, you are far from alone. I have been publishing The Economic Collapse Blog for more than eight years, and all throughout that time I have seen the middle class in America get smaller and smaller and smaller.
BP Claims Oil Spills Are “Socially Acceptable” and “Boost” Local Economies
(Whitney Webb) British Petroleum, better known as BP, sought to convince the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) of Australia that a potential oil spill off the country’s coast would provide “a welcome boost to local economies.” BP made the claim in 2016 in an environmental plan written to convince NOPSEMA to approve the company’s bid to drill for oil in the Great Australian Bight, a pristine region along Australia’s southern coast.