47 Percent Of GDP – This Is Definitely The Scariest Corporate Debt Bubble In U.S. History

We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being warned that this “unexploded bomb” will “amplify everything” once the financial system starts melting down.  Thanks to exceedingly low interest rates, over the last decade U.S. corporations have been able to go on the greatest corporate debt binge in history.  It has been a tremendous “boom”, but it has also set the stage for a tremendous “bust”.  Large corporations all over the country are now really struggling to deal with their colossal debt burdens, and defaults on the riskiest class of corporate debt are on pace to hit their highest level since 2008.  Everyone can see that a major corporate debt disaster is looming, but nobody seems to know how to stop it. (Read More...)

5 More Signs That The Global Economy Is Careening Toward A Recession

The global economy is already in the worst distress that we have seen since 2008, and it appears that the global slowdown is actually picking up pace as we head into 2020.  And this is happening even though central banks around the world have been cutting interest rates and pumping massive amounts of money into their respective financial systems.  The central bankers appear to be losing control, and it certainly wouldn’t take much of a push for this new crisis to evolve into a complete and utter nightmare.  The U.S. economy hasn’t been hit quite as hard as economies in Asia and Europe have been, but without a doubt things are slowing down here too.  Corporate earnings have been falling quarter after quarter, auto loan delinquencies just hit a record high, the Cass Freight Index has declined for 11 consecutive months, and we just witnessed the largest drop for U.S. industrial production since 2009.  Everywhere around us there is bad economic news, but most Americans are still completely oblivious to what is happening. (Read More...)

Black Friday Is Coming, And 48 Million Americans Still Have Holiday Debt From Last Year

The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from U.S. consumers as possible.  Unfortunately, it is becoming increasingly difficult to get consumers to open up their wallets, because many of them are already drowning in debt.  As a society, we have been trained to think of this as “the happiest time of the year”, and for many Americans the most important part of the holiday season is opening presents on Christmas morning.  So there is a tremendous amount of pressure to spend a lot of money on presents, but this often leads to high levels of credit card debt.  In fact, a survey that was just released discovered that 48 million Americans “are still paying off credit card debt from last holiday season”… (Read More...)

Solar Minimum Madness: Is Thanksgiving’s Winter Wonderland A Preview Of The Bitterly Cold Winter To Come?

This week, three major winter storms will batter most of the country with ice, snow and bitterly cold temperatures just in time for Thanksgiving.  It is being projected that 55 million Americans will be traveling this week, and so this bizarre weather comes at a very bad time.  But of course we have already seen a series of blizzards roar across the nation in recent weeks and hundreds of record cold temperatures have already been shattered and we are still about a month away from the official start of winter.  Normally, it isn’t supposed to be this cold or this snowy yet, but we don’t live in “normal” times. (Read More...)

Global Collapse Incoming? The Total Breakdown Of Relations With China Could Throw Our Planet Into Utter Turmoil

We just witnessed one of the most monumental events of the entire decade, and yet most Americans still don’t understand what has happened.  In recent months, the global economy and stock markets around the world have been buoyed by the hope that the U.S. and China would soon sign a new trade agreement.  Unfortunately, there is no way that is going to happen now.  On Tuesday, the Senate unanimously passed the “Hong Kong Human Rights and Democracy Act of 2019”, and the House of Representatives passed the same bill by a 417 to 1 vote on Wednesday.  Needless to say, the Chinese are beyond angry that Congress has done this.  In part one of this article, I showed that China is warning the U.S. to “rein in the horse at the edge of the precipice” and that there will be “revenge” if this bill is allowed to become law.  And it looks like this bill will actually become law, because Bloomberg is reporting that President Trump is fully expected to sign it… (Read More...)

U.S. Relations With China Were Just Destroyed, And Nothing Will Ever Be The Same Again

Our relationship with China just went from bad to worse, and most Americans don’t even realize that we just witnessed one of the most critical foreign policy decisions of this century. The U.S. Senate just unanimously passed the “Hong Kong Human Rights and Democracy Act of 2019”, and the Chinese are absolutely seething with anger.  Violent protests have been rocking Hong Kong for months, and the Chinese have repeatedly accused the United States of being behind the protests.  Whether that is true or not, the U.S. Senate has openly sided with the protesters by passing this bill, and there is no turning back now. (Read More...)

The Mainstream Media Is Filled With Conspiracy Theories Regarding Trump’s Mysterious Visit To The Hospital

On Saturday, President Trump made an unscheduled visit to Walter Reed Hospital.  According to White House Press Secretary Stephanie Grisham, Trump went through “a routine checkup as part of his annual physical”, and after about two hours he departed.  If it was anyone else, this wouldn’t even be news.  But when it comes to Trump, if there is any potential sign of weakness the mainstream media is going to jump all over it.  Even though the White House insists that Trump is in perfect health, the mainstream media refuses to believe it.  In fact, a CNN article about this incident claims that we can’t take anything that the Trump administration tells us at face value because of the “thousands of lies and deceptions” that the Trump administration has supposedly already promulgated… (Read More...)

Brace For Impact! The U.S. Economy Is Going Down, And It Is Going Down Hard…

I have so many bad economic numbers to share with you that I don’t even know where to start.  I had anticipated that the U.S. economic slowdown would accelerate during the fourth quarter of 2019, and that is precisely what has happened.  The Federal Reserve is trying to do all that it can to keep us from officially slipping into a recession, and the federal government is literally spending money as if tomorrow will never come, but all of that intervention has not been enough to reverse our economic momentum.  We are really starting to see conditions begin to deteriorate very rapidly now, and 2020 is already shaping up to be the most pivotal year for the U.S. economy since 2008. (Read More...)

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