In „50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe,” the Economic Collapse blog offers up a hefty list of bullet points that accurately describe an economy teetering on the edge of...
Blog Michaela Panznera More Trouble to Come One key theme of my last two books, Financial Armageddon (published in 2007) and When Giants Fall (published in 2009), was that we could expect to see a dramatic increase in...
If pictures speak louder than words, what do these four images tell you? Daily Mail: Half of the U.S. population is worried they won’t be able to buy the holiday presents on their list because of their financial...
It’s probably no surprise to Financial Armageddon readers that many media outlets are trumpeting this weekend’s jump in retail sales, with some even suggesting (praying?) that it means consumers are...
It may have originated in the eurozone, but the current crisis looks to be following along the lines of the one that began in the U.S. subprime mortgage market four years ago. That is, a problem that authorities assured...
For a truly frightening look at the mess the Washington spending machine has created, have a look at these: From the Washington Post: „New Estimate of U.S. War Costs: $4 Trillion” Amid a growing...
A new CNN poll reveals just what Americans are thinking in the wake of numerous stimulus programs and Wall Street bailouts, a nonstop binge of government borrowing and money printing, and relentless propagandizing about...
It’s a good thing Washington bailed out the banks and rescued the financial system with all those trillions of dollars. Otherwise, we might have to take the following articles seriously: „Mobius Says Fresh...
The Commerce Department today reported that retail sales rose for a 10th month in a row in April. Hooray! I guess that means the consumer is well and truly back on his (or her) feet. Or not. You see, despite...
Most people recognize that the stock market has been divorced from reality for quite some time. That said, the relentless propagandizing from the shills on Wall Street sometimes leaves even me thinking that I really must be...