A Surprise Announcement Has Just Unleashed Another Wave Of Panic On Wall Street

A Surprise Announcement Has Just Unleashed Another Wave Of Panic On Wall Street By Michael Snyder Well, that sure didn’t take long.  Many had been hoping that 2019 would be a calmer year for Wall Street, but so far that has not materialized.  In fact, a surprise announcement by Apple has just sparked another wave of panic selling on Wall Street.  In a letter to shareholders, Apple CEO Tim Cook admitted that first quarter revenue is going to be way, way below expectations.  That immediately set off “flash crashes” all…

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44 Numbers From 2018 That Are Almost Too Crazy To Believe

44 Numbers From 2018 That Are Almost Too Crazy To Believe By Michael Snyder Was 2018 everything that you expected it to be?  Every year contains surprises, but 2018 truly turned out to be a year that we will never forget.  Over the past 12 months we witnessed great political shaking, Wall Street experienced the worst downturn that we have seen since 2008, the crust of our planet was rattled by an increasing number of major seismic events, social decay spread like wildfire, and America continued to become even more…

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This Bear Ain’t Playin’ Games with the Bulls

This Bear Ain’t Playin’ Games with the Bulls By David Haggith This ain’t no ballgame. This bear has shown up for blood, not sport. The NASDAQ intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it as official as a declaration of a bear market gets. As can be expected, the major index whose stocks played the largest role in forming the bull market of the last decade…

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The Psychological Warfare Behind Economic Collapse

The Psychological Warfare Behind Economic Collapse By Brandon Smith The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” and others see it as an extension of socialism/communism. Sadly, many people wrongly assume that one is a solution to the other — meaning they think that crony capitalism is a solution…

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This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008

This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008 By Michael Snyder Just when you thought that things couldn’t get any worse, they did.  During normal times, a Friday before Christmas is an extremely boring trading session, but these are not normal times.  On Friday, the Dow Jones Industrial Average was down another 414 points, and that brought the total drop for the week to 1,655 points.  The marketplace has been completely gripped by panic, and CNN’s Fear & Greed index has just registered…

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American Credit Card Debt At All-Time Highs As Interest Rates Continue To Rise

American Credit Card Debt At All-Time Highs As Interest Rates Continue To Rise By Mac Slavo Americans are carrying a record amount of credit card debt, according to a new study.  The average American family has about $7000 in revolving debt compared to $6081 this time last year. And as interest rates rise, so will those monthly payments to service these debts. This year’s report focused on revolving debt (debt that is carried over month after month) because it is a “more accurate indicator” of financial hardship, said NerdWallet, who…

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Historic Debt Is At The Core Of Our Economic Decline

Historic Debt Is At The Core Of Our Economic Decline By Brandon Smith As I predicted just after the 2016 presidential election, a sordid theater of blame has exploded over the state of the U.S. economy, with fingers pointing everywhere except (in most cases) at the true culprits behind the crash. Some people point to the current administration and its pursuit of a trade war. Others point to the Federal Reserve, with its adverse interest rate hikes into economic weakness and its balance sheet cuts. Some blame the Democrats for…

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U.S. Accused Of “A Declaration Of War” Against China As Stock Market Teeters On The Precipice Of Disaster

U.S. Accused Of “A Declaration Of War” Against China As Stock Market Teeters On The Precipice Of Disaster By Michael Snyder Things are sure getting wild on Wall Street.  On Thursday, the Dow Jones Industrial Average plummeted almost 800 points before roaring back and recovering nearly all of those losses.  The Dow closed just 79 points lower for the day, and if you only looked at the final number you would be tempted to believe that there is not much reason for concern.  But these wild swings up and down…

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The Economy Does Not Care Who Won The Midterm Elections

The Economy Does Not Care Who Won The Midterm Elections By Brandon Smith Over the past few weeks I received numerous requests from readers to publish my predictions on the outcome of the midterm elections, but I did not do so for a couple of reasons. First and foremost, I view the election process very differently from many people. I do not see it as legitimate in the slightest; therefore, my predictions of the past have been based not on voter turnouts, polls or any other such nonsense.  Elections are…

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How (Not) To Pop A Bubble

How (Not) To Pop A Bubble By James Corbett It may not have been the craziest headline that the Trump whirlwind has generated in recent months, but you might have seen it amidst all the Stormy Kavanaughs out there: Trump says Fed is his ‘biggest threat’ because it is raising rates too fast This latest outburst is just one more example of a pattern we have seen emerge over the past two years: Any and all good news about the economy is because of Trump, and any and all bad…

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