World’s Ultra-Rich Preparing For Market Crash, UBS Warns

World’s Ultra-Rich Preparing For Market Crash, UBS Warns By Tyler Durden A synchronized global slowdown, with no end in sight, has spooked some of the wealthiest investors around the world, according to a new survey from UBS Wealth Management, seen by Bloomberg. UBS polled wealthy investors, who are preparing for a significant stock market correction by the end of next year. In the survey of more than 3,400 high net wealth respondents, 25% said they’ve sold risk assets, such as equities, commodities, and high-yield bonds, and have transitioned into cash. The synchronized global…

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The Economic Crash So Far: A Look At The Real Numbers

The Economic Crash So Far: A Look At The Real Numbers By Brandon Smith There are many problems when attempting to track a faltering economy. For one, the people in government generally do not want the public to know when the system is in decline because this looks bad for them. They prefer to rig statistical indicators as much as possible and hope that no one notices. When the crash occurs, they then claim that “no one saw it coming” and the disaster “came out of nowhere”, so how could…

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More Bad Economic Numbers Put A Huge Dent In The Case Of The Economic Optimists

More Bad Economic Numbers Put A Huge Dent In The Case Of The Economic Optimists By Michael Snyder For a long time, people have been trying to tell me that the U.S. economy is headed for a new golden era.  They insist that the U.S. will be more powerful and more respected than ever before, and that we will see unprecedented prosperity in this nation. But despite extremely wild spending by the U.S. government and exceedingly irresponsible intervention by the Federal Reserve, the U.S. economy has not even had a…

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Hong Kong Crashed Into First Recession Since 2009

Hong Kong Crashed Into First Recession Since 2009 By Tyler Durden The first domino in the next global economic crisis has fallen this morning, when Hong Kong crashed into a technical recession, the first time since the 2008/09 financial crisis. Hong Kong’s economy plunged 3.2% in 3Q19, government data showed on Thursday, exceeding economists’ lowest estimates and confirming a technical recession has begun. Earlier this week, we reported that Hong Kong Financial Secretary Paul Chan warned after more than half a year of violent anti-government demonstrations, the end of October will…

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The Boom Turns Into A Bust — Here are 14 Signs That The U.S. Economy Is Steadily Weakening

The Boom Turns Into A Bust — Here are 14 Signs That The U.S. Economy Is Steadily Weakening By Michael Snyder There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.  And without a doubt that is important, because it threatens to literally rip our entire nation in two.  But meanwhile, economic activity has taken a very…

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Three Things You Didn’t Know About The Crash of 1929

Three Things You Didn’t Know About The Crash of 1929 By Simon Black, Sovereign Man October 28, 1929– 90 years ago today– is known as ‘Black Monday’ in financial circles. The US stock market had peaked the previous month, on September 3, 1929, with the Dow Jones stock index reaching a record high of 381. But throughout September and October, nervous investors began pulling their money out of the market. And over a three-day period in late October (including Black Monday), the market lost more than 30% of its value.…

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3 Major Signs That Precede the Fall of World Reserve Currencies

3 Major Signs That Precede the Fall of World Reserve Currencies By Graham Smith The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon, statistically speaking. But it’s not mere guesswork, as there are distinct patterns that emerge prior to the fall of any world reserve currency. In this exploration, three of…

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Civil Unrest Is Erupting All Over The World, But Just Wait Until The United States Joins The Party…

Civil Unrest Is Erupting All Over The World, But Just Wait Until The United States Joins The Party… By Michael Snyder All over the globe, the mood is turning sour. Anger and frustration are bubbling over, and protests are becoming violent in major cities all across the planet. In some cases economic pain is driving the protests and in other cases political matters are motivating the protesters, and it has been a very long time since we have seen so many angry protests happening all over the world simultaneously. Unfortunately,…

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69 Percent Of U.S. Households “Are Preparing For A Possible Recession”

69 Percent Of U.S. Households “Are Preparing For A Possible Recession” By Michael Snyder Do you believe that a recession is coming?  If so, you certainly have a lot of company.  It turns out that more than two-thirds of all U.S. households “are preparing for a possible recession” right now.  There is a growing national consensus that that U.S. economy is heading for big trouble, and this is causing a lot of people to cut back on spending. In fact, we just witnessed the first drop in retail sales in…

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3 Steps to Save America From Economic Collapse

3 Steps to Save America From Economic Collapse By George Gilder [Editor’s Note: The following article has been adapted from the book The Scandal of Money, written by George Gilder and originally published in 2016.] I am more convinced than ever that if we ever again are going to have sound money it will not come from government. It will be issued by private enterprise. Liberal economist Friedrich Hayek said that in 1977. Yet it rings more true today than ever before. Our Federal Reserve System, which gives twelve bankers…

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