Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble

Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble By Tyler Durden Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods. Meanwhile, resorting to its old, tired and worn out tricks, Dow…

Read More

Leading Indicator Of Home Remodeling Activity Warns Big Drop Coming

Leading Indicator Of Home Remodeling Activity Warns Big Drop Coming By Tyler Durden Growth in residential remodeling spending is expected to fall through 2H20, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The leading indicator [LIRA] forecasts that annual growth in homeowner expenditures for improvement will plunge 6.3% in the current quarter to just .40% by late spring 2020, an ominous sign that a deep structural slowdown which started in 1Q18 is now spreading like cancer through…

Read More

Deutsche Bank Collapse Could Crash Global Financial Markets

Deutsche Bank Collapse Could Crash Global Financial Markets By Avi Mizrahi German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis. Deutsche Bank Struggles to Survive Deutsche Bank AG, the largest banking services group in Germany with well over a…

Read More

Universal Basic Income: The Nail in the Coffin!

Universal Basic Income: The Nail in the Coffin! We Bring You This Critical Alert, Contributed By CrushTheStreet.com and Their Editor, Kenneth Ameduri, Who I regard as an expert on investing in these critical times. As we are well aware of here at CrushTheStreet.com, governments are inherently self-destructive. Similar to someone gorging themselves to death or a snake eating its own tail is the sustainability of an ever increasing and ridiculously bloated government that are all historically destined to fail. Take a look at what happens to sectors when government gets its clumsy hands on it. Healthcare……

Read More

10 Big Steps Down the Road to Recession

10 Big Steps Down the Road to Recession By David Haggith First, a decline in manufacturing, and then a slump in service industries, now a broad-spectrum inversion of the yield curve hitting its most critical metric this week, unemployment finally starting to rise again, a one-year relentless housing decline across most of the nation and the world, carmageddon pressing car dealers to offer big incentives once again just to hold sales flat, shipping everywhere sinking rapidly, broadly deteriorating general business conditions, plus tariff troubles for the US throughout the world…

Read More

America’s Concealed Crisis: Fifty Years of Economic Decline, 1969 to 2019

America’s Concealed Crisis: Fifty Years of Economic Decline, 1969 to 2019 By Charles Hugh Smith If we consider the long term, it’s clear America’s economy and society have been declining for the average household for 50 years. What if the “prosperity” of the past 50 years is mostly a statistical mirage for the bottom 80% of households? What if whatever real gains (adjusted for real-world loss of purchasing power) accrued only to the top of the wealth-power pyramid, those closest to financial and political power? What if the U.S. economy…

Read More

Look At This Map – It Shows Devastating Crop Losses Are Literally Happening All Over The Globe

Look At This Map – It Shows Devastating Crop Losses Are Literally Happening All Over The Globe By Michael Snyder Let me warn you right up front – the information in this article might freak you out.  If what some experts are telling us is true, a global food crisis appears to be inevitable.  Even during good years we have a really difficult time feeding everyone on the planet, and now a major climate shift appears to be happening. Our sun has become exceedingly quiet, and many experts believe that…

Read More

The Dollar’s TOAST! A Preview Of The Next 10 Years

The Dollar’s TOAST! A Preview Of The Next 10 Years We Bring You This Critical Alert, Contributed By WealthResearchGroup.com and Their Founder, Lior Gantz, Who Our Staff Looks At For Accurate Economic Forecasting.   From 2009 to this present day, the central banks have implemented emergency measures for what investors thought to be policies that are only necessary in plights, and will only be embarked upon if a crisis seems imminent. This has been all wrong; Jerome Powell has just made it abundantly clear that QE is now a normal part of the…

Read More

25% Of Americans Are “Worse Off” Than They Were Before The Great Recession

25% Of Americans Are “Worse Off” Than They Were Before The Great Recession By Mac Slavo For many, the economic recovery being touted by the mainstream media has not yet affected them. About 25% of Americans say that a decade after the housing bust that caused the Great Recession, they are doing worse. Almost half of Americans are not doing any better at all too. If you believe the mainstream media, the economy is robust and the unemployment rate is at a 49-year-low. But not all Americans have recovered from the Great Recession. …

Read More

“It’s A Disaster Like I’ve Never Seen Before” — 2019 Could Be The Worst Year Ever For U.S. Corn Farmers

“It’s A Disaster Like I’ve Never Seen Before” — 2019 Could Be The Worst Year Ever For U.S. Corn Farmers By Michael Snyder The amount of corn produced in the United States this year is going to be way below expectations.  The Department of Agriculture just slashed its harvest estimates quite dramatically in its June report, but some farmers in the Midwest believe that those reduced projections are still way too optimistic. As I have previously detailed, millions upon millions of acres will go unplanted this year, but that is…

Read More