The Perfect Witches Brew…..

| June 24, 2014

The Baltic Dry Index just delivered its worst first half of a year performance ever…yes, we said EVER!  This signals a slowing economy. Beware Wall Street, where we have record margin debt combined with incredible complacency…This is likely a perfect witches brew, setting up a variety of outlier events by year end 2014! By definition: The Baltic Dry Index (BDI) is a […]

Meet the 0.0001% – 166 Americans Who Made Over $50 Million In 2012

| November 4, 2013

Here we go, it’s the roaring 20’s all over again but even more so now!  Never in U.S. history have so many individuals earned over $50 million per year. Never before has the divide between the wealthy and the poor been so wide (never). The source of this catalyst for unrest in society, as Mark […]

Help In The Economy Can Come In Many Ways… For The U.S. In 2013, There Has Been “A Mild Weather Year” Of Epic Proportions

| October 19, 2013

A New Study ranks 2013 as one of the least extreme U.S. weather years ever, with many ‘bad weather’ events at ‘historically low levels’.  This has helped the U.S. economy by sending many commodities to unexpectedly low levels. ‘Whether you’re talking about tornadoes, wildfires, extreme heat or hurricanes, the good news is that weather-related disasters in the […]

Baltic Dry Index…A Sinking Ship

| August 6, 2013

Reviewing the overall global trade activity, the Baltic Dry Index shows we remain in record low territory. The global economy is moving at stall speed….

Is The System Rigged Or Is It Just Magic…It’s Your Call!

| April 21, 2013

The  U.S. GDP Will Be Revised Higher By $500 Billion Following Addition Of “Intangibles” To Economy Those who have been following the US debt to GDP ratio now that the US officially does not have a debt ceiling indefinitely, may have had the occasional panic attack seeing how this country’s leverage ratio is rapidly approaching […]

Did We Read This Right…..They Gotta Be Kidding, Nope They’re Not Kidding

| March 8, 2013

Here are the key words from below:  Two categories of spending represent 12.5% of all discretionary spending. These costs go up when the economy is weak, they have never, repeat never declined. Consider just these two components of the discretionary spending budget; (1) Food Stamps, and (2) the Earned Income and Child Credits. 1) Food Stamps cost the government […]

American Incomes Are Falling And Near-Retirees Are Getting Crushed

| August 26, 2012

Life as we thought it to be,  has changed for ever!  So what’s the new plan? Uh….Hello By Henry Blodget – Daily Ticker Annual incomes in the United States have dropped sharply in recent years, and near-retirees are getting hit the worst. That’s the conclusion of a new study by Sentier Research, which looked at the […]

Just How Serious Are The European Problems…Eric Sprott Reviews The Latest Situation Across The Pond

| June 24, 2012

At least somebody has this figured out! Ministry of [Un]Truth By Eric Sprott & David Baker Speaking at a Brussels conference back in April 2011, Eurogroup President Jean Claude Juncker notably stated during a panel discussion that “when it becomes serious, you have to lie.” He was referring to situations where the act of  “pre-indicating” […]

Things Point To Slowing Again For U.S. Economy

| January 31, 2012

Oh well…the Fed said recently… they worried that much of the recent spending uptick was coming from savings and inventory build up, and it was unlikely to last much longer without an improving fundamental environment! The gradual re-softening of the economy is starting to materialize. The January Chicago PMI just printed at 60.2, missing expectations of an increase […]

The European Predicament

| January 22, 2012

Yep, looks sort of like the European currency and economic predicament….half way over the edge but confused and still thinking everything’s going to be OK!  Hmm…So far, so good! 

Philly Fed Misses Expectations As Outlook Nears Cyclical Peak

| January 19, 2012

The six-month ahead outlook for Philly Fed shows a very high level of ‘hope’. Expectations for the data was a 10.3 and it came at 7.3, a definitive miss to expectations. Revisions rise to 7.3 (from 6.8 revised) is heralded (in a short-lived manner) as evidence of improvement. Under the covers though, things aren’t so rosy. New Orders […]

The “Just In Time” New World Economy

| January 6, 2012

We will be tested on this one, the new normal “just in time” economy may not be such a good idea, after all!  The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, […]

Bernanke Warns Of Tough Times Ahead

| October 4, 2011

The Fed has used most of its tools (already) to help the economy. It said it expects to keep interest rates ultra low into 2013, maybe longer. Congress is tying to cut, not raise, spending. Europe is resisting bold steps to save its most troubled economies. The bottom line is a recession is on the verge (probably happened already) of seizing […]

PIMCO…You Can Stick A Fork In Next Years Economy

| September 25, 2011

And so it goes…Former U.S. Treasury Secretary Lawrence Summers “I’ve been to 20 years of IMF meetings, and there’s not been a prior meeting at which matters have had more gravity and at which I’ve been more concerned about the future of the global economy.” Billionaire investor George Soros said “something needs to be done” […]

They Still Don’t Get It!

| August 31, 2011

The Fed is caught by its tail in a mouse trap. Charles Evans, president of the Chicago Federal Reserve Bank  told CNBC television the labor market, with its 9.1 percent jobless rate, looks to be in a recession. (Reuters) – The central bank in early August discussed a range of unusual tools it could use to help […]

Odd’s Are We’re Headed Back Into A Recession

| August 28, 2011

The forth quarter GDP (Gross Domestic Product) may bounce because of Hurricane Irene damage repairs, but it will likely just be temporary in the bigger picture of things. Rich Yamarone (Bloomberg’s Chief Economist) points out that when GDP year-over-year drops by more than 2%, we have always had a recession. So with Friday’s second-quarter revision (first […]

Recovery….What Recovery?

| July 30, 2011

So much for the recovery.  Button up and stay alert.   Maintaining what one has will go to the fiscally fittest…… John Williams of Shadow Stats confirms the severity of the on coming double dip. – GDP Growth Slows Markedly – Official Downturn Much Deeper In Revision – Latest GDP No Longer Has Recovered Pre-Recession High – 2009 Annual […]

Fed Paper: U.S. Housing Likely In Trouble Until At Least 2014

| July 29, 2011

Better late then never…..looks like the government finally gets real on housing!  Research released Monday by William Hedberg, a San Francisco Fed research associate, and John Krainer, a senior economist, say housing weakness is likely to continue for years.  We’re now starting to see the government throw in the towel on trying to artificially save housing.  Supply and […]

Coming Out Of The Eye (Calm) Of The Storm

| July 29, 2011

Economically speaking, things slow before they reverse.  That looks to be what we are doing currently.  Whether we slow down more next year, then go off a cliff, or skip that part and fall off the cliff in the next six months will probably be a moot point. The U.S government is broke and not hiring new workers for the first time in our lives. In addition they’re […]

Michael Pento From Europacific Capital….Interviewed By King World News

| May 25, 2011

From King World News……Michael Pento Of Europacific Capital…non-financial debt as a percentage of GDP is now 244%, it has never been higher!  QE2 is done, if interest rates rise it’s game over.  “I just want to highlight some things that Jim Bullard said (President of the St. Louis Federal Reserve):  You have to remember that he […]

U.S. Consumer Credit Increased $2.1 Billion In September

| November 5, 2010

Interestingly…..Credit-card debt declined for the 25th straight month, while non-revolving loans rose by the most since August 2007. Consumer borrowing in the U.S. unexpectedly increased in September by the most in two years, and saw a surge in non-revolving credit such as college loans and auto financing. Credit rose $2.1 billion and was more then estimated after […]

So, How Do We Stand Since The Economic Peak Several Years Ago?

| September 23, 2010

According to David Rosenberg of Gluskin Sheff: Wages & salaries are still down 3.7% from the prior peak; Corporate profits are still down 20% from the peak; Real GDP is still down 1.3% from the peak; Industrial production is still down 7.2% from the peak; Employment is still down 5.5% from the peak; Retail sales […]

Consequences Every Place In The New World Normal

| September 23, 2010

Sorry, But The Answer Of Too Much Debt Is Not More Debt In Price Is Knowledge If you told Rip van Bondtrader that gold had risen to a record during his decade-long slumber, he’d want to know what the inflation outlook was, and how badly he’d gotten killed on his bond investments. He’d be astonished to […]

John Williams Of Shadow Stats Says Economic Downturn Re-Intensifies!

| September 13, 2010

From John Williams of……… – Protracted Economic Downturn Re-Intensifies  – Systemic Stability: “Tap-Dancing on a Land Mine”  – Risks of U.S. Dollar Instability and Systemic-Salvation Efforts Pose          Severe Inflation Threat

Geithner Says Action On Economy Important Now!

| September 12, 2010

Nice to know that someone is on the job! WASHINGTON    Treasury Secretary Timothy Geithner said Washington can under cut an already slow economic recovery if it fails to provide quick  support to business and individuals. “If the government does nothing going forward, then the impact of policy in Washington will shift from supporting economic growth […]

Jim Rickards……”A Must Listen To” Interview About The Economy And More

| September 4, 2010

A must listen to interview with Jim Rickards about our economy and more.   We all need to be aware of the direction of things to come.   This interview from Jim Rickards will help in understanding these things better.   Click on the following link or paste into your browser:   Biography of James G. Rickards…..James G. Rickards is […]

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