Law Firm Discovers Interesting Fact About Most Bankrupt Places in America – JBG o o o Recession Risk Mounting For Canada o o o ‘Thieves Emporium’: Part 4 – The State Strikes Back o o o Obama Owns Worst Economic Numbers In 80 Years, Done More Damage To This Country Than Anyone
Some progressives never learn: CEO Raises Salaries to $70K for EVERY Employee, Now has to Rent Out his Own Home to Make Ends Meet o o o Puerto Rico: No money available to make $58M bond payment – G.G. o o o Big Chunk Of JP Morgan’s Gold Holdings Withdrawn In One Day o o o It Won’t End Well: Unemployment In Italy Has Hit All Time New Highs. Canada’s Economy Shrinks Again, On A Verge Of A Recession. U.S. Wage Growth Is The Weakest Sine 1982.
Silver – A Century of Prices o o o The latest government trust fund to go bankrupt o o o Fear Spreading In The Global Financial System Pushes Gold & Silver Eagle Sales To New Highs o o o Pensions and Medicare after an Economic Collapse – B.B.
Rental Apocalypse: US homeownership collapses to 48 year low while rental rates continue to climb. o o o Central banks will disagree; Keynesian economists probably disagree; Too-Big-To-Fail banks don’t care … o o o Items from Mr. Econocobas: 2nd Quarter GDP Misses Expectations Alan Greenspan: This is ‘Extremely Dangerous’ – While what he is saying is true, Greenspan has no room to lecture anyone, considering his abysmal track record at inflating debt and destroying an economy. US Economy Grew At 2.3% In Q2, Below Expectations, “Winter” Quarters Revised Higher On Double Seasonal Adjustments – Venturing further down the “Ministry of …
The War On Cash: Why Now? – D.S. o o o Oil Majors Resigned To Lower Oil Price Environment o o o If The American Dream Is To Own A Home, Then It Hasn’t Been In Worse Shape Since 1967 o o o Paul Craig Roberts – The Global Economy A “House Of Cards”, Fed Most Certainly Will Not Raise Interest Rates, Demand for Gold and Silver Very Very High
You Cannot Afford a $250,000 Home with a $50,000 Household Income! o o o The Economic And Financial Problems In Europe Are Only Just Beginning… – B.B. o o o Items from Mr. Econocobas: What Really Happens When Pensions Disappear – This is the kind of nonsense that CNBC puts out. Over committed, over compensated pension funds cannot and will not exist any longer. We have leveraged public sector debt to the hilt, and this is the logical end to this nonsense. Also, the thought of fewer government workers, the majority of which are overpaid for their positions compared to …
This is how much land prices have changed, and how much they haven’t – H.L. o o o Fear Rises As Financial Markets All Over The Planet Start To Crash o o o Pessimism Amongst Oil Traders Reaches 5 Year High o o o Historically, When Junk Bonds Have Shown An Extreme Negative Divergence While Stocks Were Near Their 52-week Highs, Stocks Have Almost Unanimously Succumbed To Weakness As Well.
Default Nears: UBS’s Puerto Rico Bond Funds Implode, “Collateral Value” Drops to Zero, Investors Screwed – H.L. o o o Credit card debt makes up for lack of income growth: Credit card debt outstanding back up to $900 billion. Since 1980 household income up 300% while credit card debt up 1,760%. o o o Could Another Great Financial Crisis Be Just Around The Corner? o o o 1.5 Million Teens Don’t Think They Can Get a Job In This Economy o o o Oil Price Rout Set To Inflict Real Pain On Russia
“I’m Doing Fine in a World that is Totally Surreal” ~ Jim Willie Interview o o o World Trade Slumps By Most Since Financial Crisis o o o The World Is Awash With Debt. The Bond Market Has Ballooned Up To $100 Trillion In Size. And Most Nations Are Struggling To Service Their Debt Loads Even With Rates At Historic Lows. o o o More Job Losses Coming To U.S. Shale
This U.S. Stock Indicator Just Broke Its 2000 and 2007 Extremes o o o Silver Prices 100 Years – JBG o o o Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here o o o Financial Time Bombs Push Gold Eagles Sales To Record High o o o The World Economy Visualized – H.L.
The U.S. Economy Is Undergoing Massive Hemorrhaging At The Moment As Poverty Is Spreading Like Wildfire Through The Major Cities. o o o World Trade Drops Most Since Financial Crisis – H.L. o o o Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now? – B.B. o o o Social Security Disability Fund Could Run Dry in 2016 – B.B. o o o Gold, Silver, Equities: Megaphone Patterns
The financial gouging of the American college student: Tuition is up 300 percent from 1990 and total outstanding student debt has grown by over 1 trillion dollars since 2000. o o o Madness in the Physical Silver Market o o o Is Seattle doing away with single-family homes? o o o Items from Mr. Econocobas: Navient Adds to Fears on US Student Debt China’s Record Dumping Of US Treasuries Leaves Goldman Speechless
Missing Gold, Unpayable Debts, Financial Crises, Bail-Outs and Bail-Ins… There Must Be a Better Way o o o Now that the Fed will raise rates, can it? – G.P. o o o 12 Reasons Why The U.S. Economy Is In Big Trouble Items from Mr. Econocobas: More Children Living in Poverty Now Than During Recession Greek Prime Minister Asked Putin For $10 Billion To “Print Drachmas”, Greek Media Reports – This is an interesting thought…
6 Signs The Great Crash Is Upon Us o o o In speaking to the liquidity crisis in Greece, the head of the Greek Banking Council, opines: “If that (cash) had not been removed, the Greek banks would not have had a liquidity problem,” she said…Katseli noted that since 2008, 124 billion euros worth of deposits has been withdrawn from Greek banks and that 40 billion of that money has been removed in the last few months. You have to wonder how this would play out in a nation likely more leveraged than Greece. – T.K. o o o Items …
3 stories of the current housing market: The true long-term cost of owning a home, Orange County housing inventory, and Pasadena real estate. o o o All Hail Our Banking Overlords! o o o The Global Economy Is In Serious Trouble, And It Is Not Just Now Starting To Spread It Is Already Widespread. o o o The Only Thing Growing Is Debt