“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

China Says That There Will NEVER Be A Trade Deal Until The U.S. Agrees To Their Demands

China Says That There Will NEVER Be A Trade Deal Until The U.S. Agrees To Their Demands By Michael Snyder Unless someone backs down in a major way, this trade war is going to last for a very long time, and the Chinese have made it exceedingly clear that they are never going to back down on the core issues.  So that means that the only way out is for President Trump to back down, and with an election looming in 2020, his advisers are telling him that now is…

Read More

I Dare You To Tell Me The Economy Is “Booming” After Reading This List Of 19 Facts About Our Current Economic Performance

I Dare You To Tell Me The Economy Is “Booming” After Reading This List Of 19 Facts About Our Current Economic Performance By Michael Snyder After taking an honest look at the facts, I don’t know how anyone can possibly claim that the U.S. economy is “booming”.  I really don’t.  We hear this sort of rhetoric from the mainstream media all the time, but it doesn’t make any sense.  As I discussed yesterday, nobody should be using the term “booming” to describe the state of the U.S. economy until we…

Read More

Nearly 102 Million Americans Do Not Have A Job Right Now — Worse Than At Any Point During The Last Recession

Nearly 102 Million Americans Do Not Have A Job Right Now — Worse Than At Any Point During The Last Recession By Michael Snyder Wouldn’t it be horrible if the number of Americans without a job was higher today than it was during the Great Recession of 2008 and 2009?  Well, that is actually true.  As you will see below, nearly 102 million Americans do not have a job right now, and at no point during the last recession did that number ever surpass the 100 million mark.  Of course…

Read More

Do You Remember The Oil Crisis And “Stagflation” Of The 1970s? In Many Ways, 2019 Is Starting To Look A Lot Like 1973…

Do You Remember The Oil Crisis And “Stagflation” Of The 1970s? In Many Ways, 2019 Is Starting To Look A Lot Like 1973… By Michael Snyder The price of gasoline is rapidly rising, economic activity is slowing down, the Middle East appears to be on the brink of war, and Democrats are trying to find a way to remove a Republican president from office.  In many ways, 2019 is starting to look a lot like 1973.  For many Americans, the 1970s represent a rather depressing chapter in U.S. history that…

Read More

Here Are 14 Very Alarming Numbers That Reveal The Current State Of The Economy

Here Are 14 Very Alarming Numbers That Reveal The Current State Of The Economy By Michael Snyder The economic numbers just continue to get worse and worse, and at this point it has become exceedingly clear that an economic slowdown is happening.  In fact, even the chair of the Federal Reserve is using the term “slowdown” to describe what is taking place.  But of course many are still hoping that the U.S. economy can pull out of this slump and avoid the sort of crippling recession that we experienced in…

Read More

Retail Layoffs Are 92 Percent Higher In 2019 – And Now Even Walmart Is “Quietly Closing Stores”

Retail Layoffs Are 92 Percent Higher In 2019 – And Now Even Walmart Is “Quietly Closing Stores” By Michael Snyder Just like we witnessed during the last recession, major retailers are laying off tens of thousands of workers, and it looks like this will be the worst year for store closings in all of U.S. history.  Many are referring to this as “the retail apocalypse”, and without a doubt this is one of the toughest stretches for retailers that we have ever seen.  But many believe that what we have…

Read More

According To Satellite Data, “At Least 1 Million Acres Of U.S. Farmland” Have Been Devastated By Floods

According To Satellite Data, “At Least 1 Million Acres Of U.S. Farmland” Have Been Devastated By Floods By Michael Snyder We have never seen anything like this before.  According to satellite data that was just released by Reuters, “at least 1 million acres of U.S. farmland” were covered by water for at least seven days this month.  That is an agricultural disaster without equal in modern American history, and yet the mainstream media is treating this like it is some sort of second-class story.  It isn’t.  This is the biggest…

Read More

“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months

“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months By Michael Snyder According to Agriculture Secretary Sunny Purdue, there “may be as many as a million calves lost in Nebraska” due to the catastrophic flooding that has hit the state.  This is not a rumor, this is not an exaggeration, and this is not based on any sort of speculation.  This number comes to us directly from the top agriculture official in the entire country, and it…

Read More