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Bear Market: The Average U.S. Stock Is Already Down More Than 20 Percent

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Angry BearThe stock market is in far worse shape than we are being told.  As you will see in this article, the average U.S. stock is already down more than 20 percent from the peak of the market.  But of course the major indexes are not down nearly that much.  As the week begins, the S&P 500 is down 9.8 percent from its 2015 peak, the Dow Jones Industrial Average is down 10.7 percent from its 2015 peak, and the Nasdaq is down 11.0 percent from its 2015 peak.  So if you only look at those indexes, you would think that we are only about halfway to bear market territory.  Unfortunately, a few high flying stocks such as Facebook, Amazon, Netflix and Google have been masking a much deeper decline for the rest of the market.  When the market closed on Friday, 229 of the stocks on the S&P 500 were down at least 20 percent from their 52 week highs, and when you look at indexes that are even broader things are even worse.

For example, let’s take a look at the Standard & Poor’s 1500 index.  According to the Bespoke Investment Group, the average stock on that index is down a staggering 26.9 percent from the peak of the market…

Indeed, the Standard & Poor’s 1500 index – a broad basket of large, mid and small company stocks – shows that the average stock’s distance from its 52-week high is 26.9%, according to stats compiled by Bespoke Investment Group through Friday’s close.

“That’s bear market territory!” says Paul Hickey, co-founder of Bespoke Investment Group, the firm that provided USA TODAY with the gloomy price data.

So if the average stock has fallen 26.9 percent, what kind of market are we in?

To me, that is definitely bear market territory.

The rapid decline of the markets last week got the attention of the entire world, but of course this current financial crisis did not begin last week.  These stocks have been falling since the middle part of last year.  And what Bespoke Investment Group discovered is that small cap stocks have been hurt the most by this current downturn

Here’s a statistical damage assessment, provided by Bespoke Investment Group, of the pain being felt by the average U.S. stock in the S&P 1500 index:

* Large-company stocks in the S&P 500 index are down 22.6%, on average, from peaks hit in the past 12 months.

* Mid-sized stocks in the S&P 400 index are sporting an average decline of 26.5% since hitting 52-week highs.

* Small stocks in the S&P 600 index are the farthest distance away from their recent peaks. The average small-cap name is 30.7% below its high in the past year.

After looking at those numbers, is there anyone out there that still wants to try to claim that “nothing is happening”?

Over the past six months or so, the sector that has been hit the hardest has been energy.  According to CNN, the average energy stock has now fallen 52 percent…

And then there’s energy. The dramatic decline in crude oil prices rocked the energy space. The average energy stock is now down a whopping 52% from its 52-week high, according to Bespoke. The only thing worse than that is small-cap energy, which is down 61%.

If you go up to an energy executive and try to tell him that “nothing is happening”, you might just get punched in the face.

And it is very important to keep in mind that stocks still have a tremendous distance to fall.  They are still massively overvalued by historical standards, and this is something that I have covered repeatedly on my website in recent months.

So how far could they ultimately fall?

Well, Dr. John Hussman is convinced that we could eventually see total losses in the 40 to 55 percent range…

I remain convinced that the U.S. financial markets, particularly equities and low-grade debt, are in a late-stage top formation of the third speculative bubble in 15 years.

On the basis of the valuation measures most strongly correlated with subsequent market returns (and that havefully retained that correlation even across recent market cycles), current extremes imply 40-55% market losses over the completion of the current market cycle, with zero nominal and negative real total returns for the S&P 500 on a 10-to-12-year horizon.

These are not worst-case scenarios, but run-of-the-mill expectations.

If the market does fall about 40 percent, that will just bring us into the range of what is considered to be historically “normal”.  If some sort of major disaster or emergency were to strike, that could potentially push the market down much, much farther.

And with each passing day, we get even more numbers which seem to indicate that we are entering a very, very deep global recession.

For instance, global trade numbers are absolutely collapsing.  This is a point that Raoul Pal hammered home during an interview with CNBC just the other day…

Looking at International Monetary Fund data, “the year-over-year change in global exports is at the second lowest level since 1958,” Raoul Pal, Publisher of the Global Macro Investor told CNBC’s”Fast Money”this week.

Basically, it means economies around the world are shipping their goods at near historically low levels. “Something massive is going on in the global economy and people are missing it,” Pal added.

The steep decline in 2015 exports is second only to 2009, when the global recession led to a 37 percent drop in export growth.

We have never seen global exports collapse this much outside of a recession.

Clearly we are witnessing a tremendous shift, and it boggles my mind that more people cannot see it.

As for this current wave of financial turmoil, it is hard to say how long it will last.  As I write this article, markets all over the Middle East are imploding, stocks in Asia are going crazy, currencies are crashing, and carry trades are being unwound at a staggering pace.  But at some point we should expect the level of panic to subside a bit.

If things do temporarily calm down, don’t let that fool you.  Global financial markets have not been this fragile since 2008.  Any sort of a trigger event is going to cause stocks all over the world to slide even more.

And let us not minimize the damage that has already been done one bit.  As you just read, the average stock on the Standard & Poor’s 1500 index is already down 26.9 percent.  The financial crisis that erupted during the second half of 2015 has already resulted in trillions of dollars of wealth being wiped out.

When people ask me when the “next financial crisis” is coming, I have a very simple answer for them.

The next financial crisis is not coming.

The next financial crisis is already here.

An angry bear has been released after nearly seven years in hibernation, and the entire world is going to be absolutely shocked by what happens next.

  • Gary

    The stock market to me is just a rigged casino, which I have very little use for. Buy gold, silver or real property.

    • Mad Monkey

      That is true but when the big wheel stops spinning the momentum is going to affect everybody on the planet.

      • sistersoldier

        Simple and true. The article referred to a “deep global recession.” I don’t think there is any time in recorded history that we could compare to the coming crisis.

    • Alcoholic Prepper

      I liquidated my 401k in June 2015 and paid off the house, prepping for the worst.

      • Joltin Joe

        I’d do the same if I could

      • Bill G Wilminton NC

        good move………………..

      • Steeve Girard

        Good move!

    • Joltin Joe

      And that is how I treat it, buy low, hold, sell higher. Always take some chips off the table. win some lose some but up overall

    • SunnyFlaSnotress

      All assets have an ability to appreciate and depreciate. Some are easier to defend than others.
      Finances aren’t a one-size-fits-all proposition as you indicate.

  • Mr. Jameson

    I am just blown away by all the people who just can’t/won’t believe that there is something very, very wrong with our economy. They really believe everything is just fine, or ‘if’ there are any problems, they will be worked out and everything is okay. W.T.F. these people really deserve what they will get. Damn. I am completely out of pity.

    • ONE WHO KNOWS

      Seeing is believing and believing is seeing for some folks. I know that something is wrong. I’ve worked 2 jobs, 7 days a week for the past few years, and I can barely keep my head above water. Something needs to change.

      • Kat T

        Living the ‘American’ dream ain’t we?

        • Steeve Girard

          Is is really just a dream.

          • Kat T

            One of those kind you are desperately trying to wake up from. In reality my situation is not too bad I just feel sad for other folks.

      • Steeve Girard

        There is an old saying: If you can’t become part of the solution, be part of the problem and break it. Or just stay away.

    • Fellie Chn

      There is nothing wrong with the economy >> a banker just told me HE lost $45,000 on investment, a friend lost $4,500 on his 401K. Nothing wrong at all >> harhar.

    • Swift John

      It’s very sad, it’s the same reason why lunatics get into power, people just chase the carrot wherever it leads.

    • SunnyFlaSnotress

      Hi Jameson

  • Liberty First

    I really want to buy right now – but realize that we have been so conditioned by the past 15 years that it is hard to realize the paradigm has changed. There is lots of money to be had by waiting until one can see the whites of their eyes before pulling the trigger on a buy – and that could be months from now. The false starts will get fewer. Sure is taking self discipline.

    • Zenithon

      This is an interesting conundrum. I too want to buy while the market has fallen, but another part of me says to hold off. They say to never try to catch a falling knife, so don’t buy on the way down, start to buy on the way up, but that’s not so easy to figure out. Just look at this website, Michael has pretty much been calling for another (or continuing) crash since the last crash began, but there was a lot of investment opportunity lost if you didn’t get in last time, which I did not. I’m thinking maybe the way to do this is to buy in a little bit starting now and continue to by a little at a time all the way down and on the way back up. Maybe accelerating the purchasing the further it goes down and decelerating as it comes back up. I’m only taking about discretionary funds here. First priority should be to pay down debt and set aside something for emergency. Any thoughts?

      • Liberty First

        Well, I am going to wait. Patience.

      • Mondobeyondo

        Buy low, selll high…
        We haven’t even begun to see low. Just wait until the major indices start doing the limbo. It scares me how low the bar could go.
        “A splendid time is guaranteed for all”…

    • alan

      Or getting some insider information. Then you’ll always make money.

    • Mike Smithy

      Do not jump back into equities until you see blood in the streets. Stawks still have a long way to fall. Patience is a virtue.

  • Powers Beyond Imagination

    The whole world is crashing! I better bring the cat in.

    • pulltheweeds

      LMAO

  • MaxRockatansky33

    No, the bulls or more like Golden Calf are roaming on the streets like in Spanish Pampeluna, trampling Middle and Low class. Put on the one eye Horus hats and praise the illuminati! Sarcasm off.

  • J B

    The world is going to ‘ell in a hen basket, at a snails pace.
    Which is only helping the Banksters, it will give then 12 months to work out the “New World Order” banking system. If it crashed right now, they wouldn’t have a clue what to do next, except hold you up when you walk into a Bank. Calling the Police will only get you arrested for entering the Banks premises. I think will we will still be talking about this happening in Jan 2017, the worst case is it won’t be any better, and it won’t be any worse.

  • Powers Beyond Imagination

    With the world’s economies unraveling, the elite have one ace left up their sleeve – robotics and artificial intelligence (AI).
    Free labor is the holy grail for a corporate dictatorship.
    AI has been developed to begin thinking for itself – a step up beyond the mainstream.
    On the upside for humanity’s last laugh is where the AI programming comes via Microsoft (Freeze – error) and the robotic hardware is made in China (fall apart, disintegrate after a few months).
    Maybe then we will put each other first.

    • df NJ

      I was studying artificial intelligence (AI) in college. But I became discourage when I realized all my computer programs where only ever as smart as I was!

      • Rorschach

        Even the most primitive computer programs are smarter than you. Even computer programs from the 1970’s and 1960’s are way beyond your intellectual ability and you have proven that.

        • Malcolm Reynolds

          Even the most primitive computer programs are smarter than you.

          No computer program is smart. After all, they can only do exactly what you tell them to and nothing else.

          way beyond your intellectual ability and you have proven that.
          Yikes.

          • Rorschach

            “No computer program is smart. After all, they can only do exactly what you tell them to and nothing else.”

            Self-learning computer programs do exist and they don’t necessarily need user feedback.

            “You were way quick to throw stones and that didn’t turn out so well.”

            It’s df NJ after all. You should see some of his other comments on this article.

    • Mike Smithy

      Somebody still has to maintain and program the machines.

    • Alcoholic Prepper

      Some processes have not been automated PBI. Take chicken processing for instance.

  • Heinrich van Rooi

    No new news no me, have anticipated this here under: The UN PLANS to IMPLEMENT Universal Biometric Identifiaction for All of Humanity to about two months ago: So here is what I have been saying two months go. While confidence is still high we saw the DOW soar higher in the last couple of months form its Aug low. And that is exactly what happens are a beginning of a bear market. Underneath my quote from two months ago

    The Bear Market has already way back in May 2015…. What we have seen the last couple of of months is basically reaction rallies…. Keep in mind that fundamentals is still good though… Confidence is high

    • Mike Smithy

      What fundamentals are you referring to? Please be specific.

      • Heinrich van Rooi

        Sorry to come back. First thing to note is that companies still make profits but not as robust as during the boom periods. Also while still making profits their margins continue to decline. Business conditions is not good as it use to be.Companies tend to spend less on capital expenditure especially here about mining and oil industries. Many people will proclaim that the bull market is alive and keep calling on people to buy at. Johnson and Johnson sales are down, Du Pont sales are down too all because of a strong Dollar…..That hurts

  • recovery

    The stock market is doing fine and so is the economy. The American Dream is still prospering and you can achieve all your life goals in this wonderful country. Just the other day I saw a happy family bringing home their new car and it made me realise that there are now more jobs than ever before and people are doing better.

    The economy is only to get better and better and we should be very grateful for the direction in which we are heading, that it almost makes me cry as I type this. Beautiful times we are in.

    • Heinrich van Rooi

      Exactly what happens a market top, people are spending crazy because the confidence are high, soon they will feel the pain. This happens over and over at the top point before economies contract.

    • Rob W

      Come check out Flint Michigan, son…

    • Rorschach

      “Beautiful times we are in.”

      As beautiful as your billionaires losing billions upon billions of dollars? Get lost recovery troll you are a delusional paid shill and troll. Nobody takes you seriously and this script that you post off keeps getting re-used over and over. By the way you are hilarious in that you can’t actually modify your own script properly even.

    • jox

      Please don’t feed the troll

  • Mad Monkey

    It is always worse than what they say it is. During the last crash the banks etc.. statement of liability kept changing every audit and ended up three times worse than what they said it was. The same with the VW scandal keeps expanding to more models and vehicles with higher levels of cheating.
    China is not telling us everything neither are the brokers, esp hedge funds as they fall over like dominoes. I think the next thing we see is margin calls and debt defaults as company after compay falls over as debt is not sustainable in a shrinking economy.

  • Harry Merkin

    My wife and I have everything paid off. House and the land, camper, etc. We both have a car loan and that’s it. However, we both still have 3 years on those loans. We have other paid off vehicles, but I’m just hoping we can muddle through and keep the new ones if things get real tough. We don’t buy stocks. She has a 401k, which I won’t do as I don’t trust the government. She doesn’t listen to me about the economy, but I have water, food, medicine and survival items stored. Hoping for the best.

  • K

    It will be worse this time. Wages have been falling for some time now. A great many people are living paycheck, to paycheck. These people will be in trouble, the moment they lose their job. Foreclosures, are still very high in many areas. Actually, the stock market has been the one thing reassuring people. Once the people realize, there is nothing real about the market. The economic crash, will be unstoppable. Since I think this time around, many companies will go out all together. I would say a 40% decline is very optimistic.

    • df NJ

      According to Federal Reserve (which is NOT the government by the way, the Fed is a private corporation) wages have been increases because unemployment is very low. Also, if you look at the Fed’s household debt data, household debt is at historical lows. But if you lost your job, and you are not good are learning new skills, then you are probably out of work and angry.

      • Rorschach

        “Also, if you look at the Fed’s household debt data, household debt is at historical lows.”

        Really so what about all those subprime auto loans? What about the median household income which continues to decrease and decrease.

        You really should stop posting you are making an embarrassment out of yourself.

        • Bill G Wilminton NC

          Mr Rorshach I believe that you are correct………..

        • Steeve Girard

          Ditto, I agree.

      • K

        If the fed told you, that you are a buzzard. Would you flap tour arms, and try to fly?

        • K

          Make that you arms.

          • merrileerj

            Third time’s a charm? “your”.

          • K

            Yeah, I hate this keyboard. It is just too small.

        • Rorschach

          He probably would.

        • Bill G Wilminton NC

          ha ha lol that is good lol

      • HeyAHuman

        You didn’t know by now that one of the Fed’s main functions is to manipulate figures and lie to the public?

      • Bill G Wilminton NC

        Unemployment figures are not accurate and you should know that. When a person goes off unemployment or I should say their unemployment runs out they fall off the radar and are not counted as unemployed anymore,

  • Rufus T Firefly

    Of course something is happening….a great buying opportunity!!!

    • Rob W

      Hey Rufus, Otis says you better stfu.

    • Steeve Girard

      Not yet… Not for the next 30 years for long term planning. But yes… if short term, but you have to sync it with the fed patches.

  • df NJ

    I work in NYC and everyday it looks like the same hustle and bustle I see everyday. There’s lot of construction everywhere. Tons of people everywhere. Tons of cars driving around in New Jersey. The malls have lots of cars. Everywhere I go there’s lots of people everywhere. I don’t see people rioting. I don’t see people lying in the streets begging for money. It just seems pretty normal to me. Gasoline should be around $1.50/gallon by the end of 2016. At some point people have to start getting ahead with the cheaper gas. All the Chinese goods are getting cheaper. Things are pretty good for blue state voters. Of course, if you are a factory worker in a red state it stinks. But you voted for people who were not pro-labor so that is why you lost of your factories and all your good jobs.

    • Rorschach

      Are you sure you are not the “recovery” poster? It doesn’t matter whether you are in a republican or a democratic state they are the same party and the fact that you haven’t caught on indicates that you are falling for the false left/right paradigm.

    • Anne

      i see the same thing too. economic collapse?

    • Rob W

      NYC is the hub of finance, the center of hi-jinkery. That’s one of the last places where the decay will become evident. Rome was the last city in the empire to fall…

    • jox

      In the months previous to Lehman Brothers default, what atmosphere did you see in NYC? Did you see people rioting?

    • Bill G Wilminton NC

      NYC and EASTERN NJ are all propped up by the financial services markets and WALL STREET and Wall Street is propped up by 0 interest and QE 1,2,3, TARP. When the collapse comes goodbye charlie……….

  • mister_roboto

    The price of copper just fell down to two bucks a pound, which we can interpret as Dr. Copper saying that the economy is a very sick little boy right now!

    • Mondobeyondo

      Dr. Copper’s diagnosis is correct.

    • sistersoldier

      Medic!!! We need life support!

    • SunnyFlaSnotress

      At least the rednecks won’t be frying themselves going after copper wiring.

  • Sevin

    a bear market isnt a economic collapse.
    tptb will unplug when they have to. tptb will always have a way.
    if collapse was coming it would have been here long ago

    • jox

      “if collapse was coming it would have been here long ago” There you have a wonderful rationale. You can replace ‘collapse’ with ‘death’ and it works perfectly well.

  • Mike Smithy

    “current extremes imply 40-55% market losses over the completion of the current market cycle”. I believe your analysis is spot on accurate Michael.

  • Cesare

    Look at the bright side, eventually the market might rally if it expects more QE and lower interest rates. There’s your recovery!

  • Horiboyable .

    I am watching out for angry bears

  • pulltheweeds

    PT Barnum said it all.

  • Dow 25K in 2016.

    Michael,
    The economy is indeed recovering. A robust 292,000 jobs were added. The unemployment rate is at 5% Also the October and November numbers were revised upwards by 50,000. Obama has done such a marvelous job managing the economy. I am not an economist but I did stay at a Holiday Inn express last night.

    • Rorschach

      “. I am not an economist but I did stay at a Holiday Inn express last night.”

      You are nobody really. You claim 292,000 jobs were added and that the unemployment rate is 5%. That speaks volumes of who you are and what your agenda is. Maybe you want to mention the $211 Trillion fiscal gap and the 23% true unemployment rate.

      You are a troll account nothing more.

    • Ms

      Yeah, sure, the government says that 292,000 jobs were added but what they didn’t tell you that in the same time even more jobs were lost. They only tell people what they want to hear

      • df NJ

        If you are going to make statements like “what they didn’t tell you” can you at least site a reference. How do you know this “fact” or “opinion” ?

        “In the United States, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides – United States Employed Persons – actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Employed Persons – actual data, historical chart and calendar of releases – was last updated on January of 2016. ”

        2006 144 million

        2008 146 million

        2010 138 million

        2012 141 million

        2014 145 million

        2015 150 million

        Recent spike in 2015 assuming of course you actually believe the data.

    • Bill G Wilminton NC

      Obama did a great job for NWO………

  • Priszilla

    The stock market is a means to transfer wealth from the poor to the rich.

    The oil sheikhs now open up aramco to private stock holders. Meaning: they are ready to sell their shares. You buy their shares they buy land and gold.

    Why would anyone do that?

    • Mike Smithy

      Yes, very interesting indeed. I suspect that what Aramco really wants are “bag holders not stock holders”.

      • Priszilla

        They might be afraid losing all when ISIS takes over. At least they can move the money around.

    • Malcolm Reynolds

      The stock market is a means to transfer wealth from the poor to the rich.
      LOL, please describe in detail how exactly that works in your head since it’s not the poor that invest in the market.

      • Jacynthia Read

        It is the small investors who are losing. Don’t know if they are poor or not, but they are not rich. It’s also our IRAs and 401 Ks too.

      • http://www.mindbodygreen.com Kim

        Maybe she means their labor.

        • Swift John

          That’s correct.

      • Priszilla

        Small investors. Pension insurance.

        When the small investors get in because the price is rising, it’s the beginning of a bubble.

        The money people like Buffett make must come from somewhere.
        If he is cashing out it is called reaping profit and business as usual. If 100, 000 small investors cash out in total the same amount it is called a bank run and cause for panic.

        • Malcolm Reynolds

          Lol.

  • RJ

    These economists who say everything is going well remind me of Comical Ali, Husseins spilesman who said US tanks weren’t in Baghdad

  • Bob Johansen

    Can someone explain succinctly and simply why China devaluing it’s currency is bad for the U.S.? And how do you devalue your currency, print less of it? Sorry, I am a newb. Just a Christian rooting for the great whore to collapse.

    • Bill G Wilminton NC

      You don’t have to root………….lol

      • Bob Johansen

        I feel as though you are correct, just getting anxious that’s all. I’m gonna switch to half-caff coffee in the morning lol.

        • Bill G Wilminton NC

          LOL………………

  • http://www.mindbodygreen.com Kim

    Baltic dry index at fresh new lows!

    • sistersoldier

      If all the ships have been anchored and no dry product is moving from any port, how long will it be before the stores stop restocking? The Baltic Dry Index is something to watch and what you have said is more than a notion. You are seeing what they have been trying to hide for years but no longer can. The world is in economic crisis.

      • Fellie Chn

        Its like your local shopping mall — no income — no sales — no mall, harhar . . NO MALL money to buy goods . . .

  • cozieluv

    It’s amazing to me the number of people who think they have employment that will be 100% unaffected by recession /depression in the U.S. or globally. . . as for me? Looking at more and more ways to be sustainable without my job!!

    • Alcoholic Prepper

      Me too. I’m trying to start a business.

  • Alcoholic Prepper

    I have expected the wheels to fall off for years, but I can’t ignore the fact that restaurants and stores are packed with people spending money.

    • HeyAHuman

      Rampant spending seems to be one of the few refuges left for people to distract themselves from reality. Once this privilege is yanked from under them (and it will happen before too long), you’ll see real change.

      • http://www.mindbodygreen.com Kim

        You are right. It’s gonna happen with a vengeance.

    • df NJ

      Where you located?

      • Alcoholic Prepper

        Eastern Shore of MD

        • Bill G Wilminton NC

          Close to the traitors in DC

  • http://www.mindbodygreen.com Kim

    I’m not seeing that here (Oregon) I guess it depends on what time of day it is. I went to the mall to return a gift and it was dead. Like seriously dead. I felt sorry for the sales people.

    I’m leaving for Thailand Saturday. I hear the markets there are pretty busy.

    • Jacynthia Read

      That’s what I see here in North Alabama as well.

    • Alcoholic Prepper

      You’ll have to give us a report once you have a look around

  • billtheguy

    I’m certainly not an economist or highly educated. But it doesn’t take one to see that the economy is tanking, slowly but surely. I used to believe it would happen overnight; everything would fall apart and everyone would stand in awe.
    Everyone at the “casino” is taking all they can get including my 401K. I can move it around to other stock which I did, but the government sees to it I cannot take immediately, even paying penalty/ taxes.

    • Bill G Wilminton NC

      slow motion financial avalanche……………

  • Mondobeyondo

    Minor stock market correction, or something far more serious?
    It’s something far more serious. The termites are eating through the walls, yet many are fooled because the building looks perfectly fine from the outside. When a great number of stocks are 25% less than they were at their peak, it’s a harbinger of something deadly serious.

    • sistersoldier

      There is that word again “harbinger”. I have heard that word more frequently over the past 3 years not fully comprehending what it really means. I began to pay attention as of late and just as nature has harbingers that herald change, robins herald spring, chinchillas are harbingers for things out of balance we had dedicated men pointing to what is now upon us. The 2008 housing crisis cast a long shadow and if the whole truth be told it began 091101 and we have been under a strong delusion every since as we were pacified with the rhetoric of those who make and seek to change laws and times. A global recession will level the playing field for every poor soul in the world unless you are ridiculously wealthy and have access to it. Things are not looking good for Lady Liberty.

      • Bill G Wilminton NC

        There is a book by Jonathan Cahn title The Harbinger……about the spiritual significance of 9 11………will floor ya !
        Shalom

        • sistersoldier

          Thank you!

  • df NJ

    Interesting data on the number of people capable of working actually working:

    “In the United States, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides – United States Employed Persons – actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Employed Persons – actual data, historical chart and calendar of releases – was last updated on January of 2016. ”

    2006 144 million
    2008 146 million
    2010 138 million
    2012 141 million
    2014 145 million
    2015 150 million

    Recent spike in 2015 assuming of course you actually believe the data.

    • Orac4Prez

      So, if you are like Australia, that means to be classified as working you only need to be working 10hrs a month to be classified as working full time. I was offered a contract like that by the government and the bureaucrat said that way they an get 10 people fully employed!

      • df NJ

        Yeah, I agree. It’s too bad we do not elect politicians that promote favorable labor laws for the worker instead of a tax break for the corporation.

    • Bill G Wilminton NC

      A lot of discrepancy in those numbers also people that used to have decent jobs with benefits are now at much lower pay scale.

      DONT BELIEVE THE DATA USE SHADOW STATS

    • Rorschach

      Shadowstats has a better idea of true unemployment and inflation than your ridiculous data.

    • Bill G Wilminton NC

      2008 146 million 2015 150 million…….

      then you have to take into consideration the increase in working age population and immigration.

      We are way behind even if you use the fake gov numbers !

      • Steeve Girard

        Agreed, shadowstats has better statistics.

        • Bill G Wilminton NC

          YUP the gov is BS……….

    • Steeve Girard

      Ok, now compare it with the number of people over 15, and make it a ratio… you’ll see that it is in fact decreasing.

  • Orac4Prez

    Its only a depression when the rich start to loose real money. 20% from the peak – big deal. That happens all the time. But now that the speculators who have built the extra boats to ship trinkets are looking money and can’t flog off their assets! That’s terrible!
    We just had a tech store chain fail in Australia. An investment group did what all phoney investment groups do and bought the company for a song. Downgraded the assets and inventory to a small amount and then sold the inventory at a cut price. They claim a massive turnaround and are suddenly lauded for their skill! But when you realise that the stock was initially say $200 for a TV, devalued by the investment bankers to $20 which were then sold at say $150 the market is clapping. Stock goes up. The investment bankers sell out at an obscene profit and the new company finds it cant make the same profits because the goods are now $250. They cant restock and sell at a profit.
    So when I see a bunch of investment bankers suffering, who gives a toss! The poor folk have always suffered. But even if the rich loose 90% of their money they will still be fine. One of my friends has a massive debt. But he has been on dozens of overseas holidays. how is anyone going to recover that if he goes bankrupt! He would say if he looses a bit of money that’s his problem. But if he looses big time – hell, that’s the banks problem…..

    • SP2300ROFL

      Obviously you have very little formal education. Generally before attempting to redefine industry standard definitions and economic parameters perhaps attain proficiency in spelling at grade school level.

      • Orac4Prez

        Ph.D. level mate!

        • SP2300ROFL

          Of course you do; along with your valedictorian J.AZZ. Loose vs lose is beyond postgraduate studies ROFL

          • Orac4Prez

            Big deal. Did you graduate from kindergarden (or would you prefer kindergarten)

          • SP2300ROFL

            Big deal? That was just the obvious and simple tell. Doubtful many postgraduate study programs don’t know the difference between economic cycles vs market cycles. Kindergarten level is about right when describing your understanding. :)

          • Powers Beyond Imagination

            What’s your beef?

            Or maybe your not getting enough protein.

            Orac made a point, it’s understood and also very interesting.

            Buying companies for a song could be the currency in the very near future when the financial markets crash and burn.

          • SP2300ROFL

            First of all its ‘you’re not getting enough protein..” not your and most importantly there was zero valid points made in that ridiculous analysis of what surely was a series of complex financial transactions; appearing as a song to neophytes.

          • Powers Beyond Imagination

            What’s your beef?
            Or maybe your not getting enough protein.
            Orac made a point, it’s understood and also very interesting.
            Buying companies for a song could be the currency in the very near future when the financial markets crash and burn.

  • http://Silbershark110.wordpress.com/ Silbershark110

    Keep Calm & Keep Investing in Stacked Silver

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