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,…

Read More

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…

Read More

An “All-Out Blizzard” That Is “Unheard Of For October” Is About To Hit Farms In The Midwest With Up To 2 Feet Of Snow

An “All-Out Blizzard” That Is “Unheard Of For October” Is About To Hit Farms In The Midwest With Up To 2 Feet Of Snow By Michael Snyder Farmers in the middle of the country are about to get hit by what could potentially be the worst October blizzard in U.S. history.  According to USA Today, “the massive size and intensity of this snowstorm is unheard of for October”.  In other words, we have never seen anything like this in the month of October ever before. Such a storm would have…

Read More

Why Does The Federal Reserve Keep Slamming The Panic Button Over And Over If Everything Is Okay?

Why Does The Federal Reserve Keep Slamming The Panic Button Over And Over If Everything Is Okay? By Michael Snyder What in the world is the Federal Reserve doing?  For months the Fed has been trying to publicly convince us that the U.S. economy is “strong”, and Fed Chair Jerome Powell recently unequivocally stated that “the Federal Reserve is not currently forecasting a recession”, but the Fed’s actions tell a completely different story.  If the U.S. economy really is performing well, any economics textbook will tell you that the Fed…

Read More

U.S. Layoffs Rise 38 Percent — Highest Level For August Since 2009

U.S. Layoffs Rise 38 Percent — Highest Level For August Since 2009 By Michael Snyder We continue to get more numbers that indicate that U.S. economic activity is really starting to slow down.  According to Challenger, Gray & Christmas, the number of layoffs in the United States was 38 percent higher in August than it was in July. A 38 percent increase in one month is more than just a little bit startling, and many believe that if this momentum continues we could soon be facing an avalanche of job…

Read More

“Monster” Hurricane Dorian Taking Direct Aim at Florida; Stores “Nearly Empty” of Supplies

“Monster” Hurricane Dorian Taking Direct Aim at Florida; Stores “Nearly Empty” of Supplies By Michael Snyder Well, that certainly escalated quickly.  On Wednesday we were told that Hurricane Dorian would only be a Category 3 storm when it hits the Florida coastline, but now we are being told that it will be a Category 4 storm.  Hurricane Dorian is rapidly gaining strength over very warm waters in the Atlantic Ocean, and the latest forecast has it making landfall somewhere along the east coast of Florida on Monday.  If it is…

Read More

An Indicator With A 100% Perfect Track Record Of Predicting Recessions Says That Another One Is Coming

An Indicator With A 100% Perfect Track Record Of Predicting Recessions Says That Another One Is Coming By Michael Snyder You can believe that we will somehow beat the odds this time if you want, but history is completely against you.  One of the biggest reasons why there is so much anxiety on Wall Street right now is because of how the yield curve is behaving.  We have seen yield curve inversions before each of the last seven U.S. recessions, and now it has happened again.  Perhaps this helps to…

Read More

The U.S. Is Staging Troops At A Key Saudi Military Base That It Used During All Previous Middle East Wars

The U.S. Is Staging Troops At A Key Saudi Military Base That It Used During All Previous Middle East Wars By Michael Snyder The U.S. military is following many of the exact same patterns that we witnessed during our previous wars in the Middle East, and that even includes setting up shop at a key military base deep in the heart of the Arabian peninsula. After the U.S. invasion of Iraq in 2003, the U.S. military abandoned Prince Sultan Air Base in Saudi Arabia, but now they are back.  Hundreds…

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

U.S. Stocks Have Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years

U.S. Stocks Have Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years By Michael Snyder We haven’t seen stock prices slide like this in a long time, and if this keeps up we could soon be looking at an avalanche.  Our rapidly escalating trade war with China and more bad U.S. economic numbers pushed stocks down once again this week, and at this point the Dow Industrial Average has now fallen for five weeks in a row.  We haven’t seen…

Read More