Economics

As Billionaires Predict Worldwide Defaults, Would You Rather Hold Bonds or Gold

Saturday, May 28, 2016
By Paul Martin

TheDailyBell.com May 27, 2016 Gold on Track for Eighth Losing Session U.S. GDP data revision seen bolstering case for interest-rate increase … Gold prices edged lower Friday, on pace for an eighth straight losing session, amid mounting evidence of improving economic growth in the U.S. that would strengthen the case for an interest-rate increase.... »

The Next Big Crash Of The U.S. Economy Is Coming, Here’s Why

Saturday, May 28, 2016
By Paul Martin

by SRSrocco ZeroHedge.com 05/28/2016 Investors better be prepared as the next crash of the U.S. economy is coming. This is not based on hype or speculation, rather due to the disintegration of the underlying fundamentals. Matter-a-fact, the fundamentals are so completely AWFUL, that the next market crash will make 2008 look quite tame indeed.... »

Flashback:”It’s Pure Chaos Now; There Is No Way Back” – Venezuela Morgues Are Overflowing

Saturday, May 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/10/2016 When we previewed Venezuela’s upcoming hyperinflation, which in January was predicted to be 720% and as of this moment is likely far higher… … we said “This Is What The Death Of A Nation Looks Like” and said “there is no good news in any of the above for... »

Venezuela Drifts Into New Territory: Hunger, Blackouts and Government Shutdown…(Our Future?)

Saturday, May 28, 2016
By Paul Martin

By NICHOLAS CASEY and PATRICIA TORRES NYTimes.com MAY 28, 2016 CARACAS, Venezuela — The courts? Closed most days. The bureau to start a business? Same thing. The public defender’s office? That’s been converted into a food bank for government employees. Step by step, Venezuela has been shutting down. This country has long been accustomed... »

X22 Report:G7 Leader Warns Global Economic Crisis Is On Its Way

Saturday, May 28, 2016
By Paul Martin

UMich hope that surged has now faded in May. GDP has been revised to push the idea that the economy is stable. Gold is being slammed down but central banks are purchasing, Nations are ranked by using gold holdings.G7 leader warns a global economic crisis is on its way but will not push it... »

The Beginning of the End of Globalization? Faith in Big Trade Deals Keeps Crumbling

Saturday, May 28, 2016
By Paul Martin

By Murray Dobbin Global Research May 28, 2016 Are we witnessing the beginning of the end of globalization? At the height of the battle over the Canada-US Free Trade Agreement in the 1980s, full page ads promised the deal would bring “more jobs, better jobs.” The ads were expensive, but easily afforded by Canada’s... »

Goldman Sachs Is The Gift That Keeps On Giving… To The Clintons

Saturday, May 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/28/2016 By now we all know that Goldman Sachs is the gift that keeps on giving to the Clintons. Whether it’s paying millions out for speeches, investing in family member’s failing hedge fund ventures, or donating hundreds of thousands to the Clinton Foundation, Goldman seems to be keeping a close... »

“The Stock Market Won’t Crash, Yet” – The Barron’s Cover Strikes Again

Saturday, May 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/28/2016 When it comes to Wall Street cover page superstitions, nothing beats the Barron’s front page article jinx: just when you think something will never happen, Barron’s confirms it on the cover, virtually assuring that it does. In which case, be afraid bulls, be very afraid, because if past is... »

Losing Ground In Flyover America, Part 3

Saturday, May 28, 2016
By Paul Martin

by David Stockman DavidStockmansContraCorner.com May 28, 2016 As we indicated in Part 2, the Fed’s crusade to pump-up inflation toward its 2.00% target by hammering-down interest rates to the so-called zero bound is economically lethal. The former destroys the purchasing power of main street wages while the latter strip mines capital from business and... »

The Power Elite: Bumbling Incompetents

Saturday, May 28, 2016
By Paul Martin

by Bill Bonner DavidStockmansContraCorner.com May 28, 2016 Geniuses in Charge BALTIMORE, Maryland – Is there any smarter group of homo sapiens on the planet? Or in all of history? We’re talking about Fed economists, of course. Not only did they avoid another Great Depression by bold absurdity…giving the economy more of the one thing... »

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