Category: Economics & Investing

Collection nation: One out of three consumers have debts in collection over the past year. A total of 77 million Americans are having problems managing their debt. 22 million consumers have zero credit. o o o Can We End Corporate Inversions, Simplify Rules, And Increase Tax Revenues? o o o Items from Mr. Econocobas: Choinomics – Breakthrough for South Korea?– More like a breakdown, this is more economic insanity out of governments and central banks Dow Erases 2014 Gain Amid Global Selloff S&P 500 Caps Worst Week in Two Years as Gold and Treasuries Gain

This article demonstrates that, no matter the urging of financial planners, Americans continue to live on the edge financially. This should be a tale of caution and should be an opportunity to reiterate the critical element of saving as part of, indeed the first step in, preparedness. CHARTS: Americans Are Seriously Unprepared For Emergencies – B.C. o o o Gold Prices Reveal Truth About U.S. Economy o o o Paul Craig Roberts – This Mega-Collapse Will Terrify People – J.W. o o o Items from Mr. Econocobas: Argentina Misses Deadline Goes Into Default Argentina Stocks And Bonds Collapse After Non …

Horrifying Worldwide Financial Destruction To Shock Investors. – J.W. o o o The Never-Ending ‘Recovery’ o o o Welcome To The NEW DARK AGE. – S.S. o o o Video and Text: The 20% market correction has already started, CDV o o o Asset Forfeiture – How To Steal Americans’ Hard Earned Cash With Zero Repercussions. – DSV

Average Price of Electricity Climbs to All-Time Record o o o Don’t be fooled, all is not well for stocks – CDV o o o Items from Mr. Econocobas: 85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined Greenspan Says Stocks to See ‘Significant Correction’ QE And ZIRP Have Failed To Lift Main Street, But Withdrawal Of The Monetary Heroin Will Be Brutal U.S. 2nd Quarter GDP First Estimates at 4%

Richard Russell – I’m Afraid We Will See Blood In The Streets – J.W. o o o Items from Mr. Econocobas: 1 In 3 U.S. Adults Have ‘Debt In Collections’ Why The 10-Year Treasury Could Yield 4% By Thanksgiving Use Of The Word ‘Bubble’ Reaches Worrying Levels Japan’s Retail Sales Drop in Challenge to Abe Reflation- This is Economic Lunacy

Podcast: Why America is Becoming a Renter Nation o o o The Typical Household, Now Worth a Third Less. – P.M. o o o Items from Mr. Econocobas: Here’s What Wall Street Bulls Were Saying In December 2007: Read And Take Cover! House Panel Set for Tuesday Vote on Fed Transparency Bill Where Is The World’s Most Expensive Big Mac?

Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and silver, and we examine the “what” and “why” behind those numbers. The summer months are slow times for both stocks and commodities, with thin volume as many investors and traders taking summer vacation. Because of this, large orders can sometimes make big ripples. We saw this again in July, just like we did in June. The June closing prices for precious metals were: Gold: $1325 Silver: $20.96 Platinum: $1482 …

We’re in the third biggest stock bubble in U.S. history – CDV o o o Driving our way into poverty: Subprime auto debt continues to expand while domestic auto production remains weak.. – o o o Items from Mr. Econocobas: America’s Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003 What Japan’s June Trade Disaster Really Means: Abenomics Is Flaming-Out

From Jim Willie of the Golden Jackass Newsletter: Derivatives: Abuse, Props, Risks o o o The 14th one to go this year: U.S. regulators close small bank in Chicago . – G.G. o o o Items from Mr. Econocobas: U.S. Meat, Seafood Prices Rising on Drought and Disease: USDA US New-Home Sales Plummet in June No Inflation Friday: Dollarized Panama Issues Price Controls For Basic Goods

8,000 businesses flee Maryland. – H.L. o o o Items from Mr. Econocobas: America The Divided IMF Fears Ultra-Low Rates Are Fuelling Asset Bubbles- Oh Geez, Really?? Mars, Maker of M&M’s, to Raise Chocolate Prices 7 Percent

Why You May Avoid Beef This Summer o o o Wage growth still muted in latest report on median earnings. – H.L. o o o Items from Mr. Econocobas: New Home Sales Collapse 20% From May To Dec 2012 Levels; Biggest Miss In A Year EU to Weigh Far-Reaching Sanctions On Russia Japan Trade Deficit Expands After Exports Unexpectedly Drop

The “Gates” Are Closing: SEC Votes Through Money Market Reform – A.L. o o o Items from Mr. Econocobas: This Time Is Not Different: Why The Market Is Heading For A Fall Consumer Prices in U.S. Climb on Jump in Gasoline Costs- Again Failure to Realize Why Gasoline is Rising Gun Buyers Scoop Up AK-47 Rifles After New Sanctions

A trend to working fewer hours and low wage labor: Is America looking at becoming a low wage nation in a race to the bottom? 1 out of 4 people working are in jobs paying $10 an hour or less. o o o The Economy Is Deteriorating Fast – RBS o o o Items from Mr. Econocobas: Price of Beef and Bacon Reach All-Time High High Gasoline Prices Push Up U.S. Consumer Prices- Or How About Just All The Money Printing?? New College Grads Hit By Slow Wage Growth: Fed Study

What Recovery? US Macro Suffers Longest Streak Of Weakness Since Lehman – H.L. o o o Items from Mr. Econocobas: 20 Signs The Epic Drought In The Western United States Is Starting To Become Apocalyptic Here Is The Source Of “More Than 95% Of The Market Rally In Q2” The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming