(Michael Snyder) At 12:01 AM eastern time on Friday, President Trump followed through on his threats and hit China with a massive tariff increase. As you will see below, China immediately pledged to retaliate. U.S. and Chinese officials will continue to negotiate throughout the day on Friday, but if U.S. officials were optimistic that a deal was imminent the trigger never would have been pulled on these tariffs.
the ECB
$220,000 For Every Man, Woman And Child – America Is Now 72 Trillion Dollars In Debt
(Michael Snyder) Are you ready to cough up $220,000 to pay your share? One of the reasons why a day of reckoning for the U.S. economy is inevitable is because we are in way too much debt.
Wall Street Red Flag: An Indicator That Has Predicted Every Recession In The Last 50 Years Just Got Triggered
(Michael Snyder) If the bond market is correct, the U.S. economy is definitely heading into a recession. Over the past 50 years, there have been six previous occasions when the yield on three-month Treasury bonds has risen above the yield on ten-year Treasury bonds, and in each of those instances a recession has followed.
Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again
(Michael Snyder) When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously did. As a result, inventory levels begin to rise, and that is precisely what is happening right now.
The College Admissions Scandal Is A Perfect Example Of How Deeply Corrupt America Has Become
(Michael Snyder) Is there anything left in this country that has not been deeply tainted by corruption? By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam. Enormous amounts of money were paid out in order to ensure that children from very wealthy families were able to get into top schools such as Yale University, Stanford University, the University of Texas and the University of Southern California.
Is The Federal Reserve Actually TRYING To Cause A Stock Market Crash?
(Michael Snyder) The Federal Reserve has decided not to come to the rescue this time.
George Soros Sold Huge Amounts Of Facebook And Netflix Just Before Tech Stocks Crashed
(Michael Snyder) George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening. In other words, he made out like a bandit by selling at the peak of the market.
Stock Market Crash: The Dow Has Fallen Nearly 2,500 Points And FAANG Stocks Have Lost A TRILLION Dollars In Value
(Michael Snyder) Thanksgiving week was not supposed to be like this. Normally things are slow in the days leading up to Thanksgiving as investors prepare to gorge themselves with turkey and stuffing as they gather with family and friends. But this year the stock market is crashing, and Wall Street is in panic mode.
Middle Class Destroyed: 50 Percent Of All American Workers Make Less Than $30,533 A Year
(Michael Snyder) The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done. According to the Social Security Administration, the median yearly wage in the United States is just $30,533 at this point.
Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008
(Michael Snyder) Global stocks are falling precipitously once again, and banking stocks are leading the way. If this reminds you of 2008, it should, because that is precisely what we witnessed back then.
We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall
(Michael Snyder) If you don’t believe in “coincidences”, what are we supposed to make of this? On Wednesday, the 3rd most powerful hurricane to ever hit the United States made landfall in the Florida panhandle. Entire communities were absolutely shredded as Hurricane Michael came ashore with sustained winds of 155 miles per hour.
Ron Paul Warns A 50% Stock Market Decline Is Coming…And There’s No Way To Stop It
(Michael Snyder) Is Ron Paul about to be proven right once again? For a very long time, Ron Paul has been one of my political heroes. His willingness to stand up for true constitutional values and to keep saying “no” to the Washington establishment over and over again won the hearts of millions of American voters, and I wish that there had been enough of us to send him to the White House either in 2008 or in 2012.
New Vehicle Sales “Collapse” And Pending Home Sales “Plunge” As America’s Economic Slowdown Accelerates
(Michael Snyder) In late 2018, the bad economic news just keeps rolling in. At a time when consumer confidence is absolutely soaring, the underlying economic numbers are clearly telling us that enormous problems are right around the corner.
Do They Know Something We Don’t? Corporate Insiders Are Selling Stocks At The Fastest Pace In 10 Years
(Michael Synder) A lot of things are starting to happen that we haven’t seen since the last recession. A few days ago, I wrote about the fact that home sellers in the United States are cutting their prices at the fastest pace in at least eight years, and now we have learned that corporate insiders are selling stocks at the most rapid pace in ten years.
Why Are So Many People Talking About The Potential For A Stock Market Crash In October?
(Michael Snyder) It is that time of the year again. Every year, people start talking about a possible stock market crash in October, because everyone remembers the historic crashes that took place in October 1987 and October 2008. Could we witness a similar stock market crash in October 2018?