A Critical Threshold Has Just Been Crossed, And Things Will NEVER Be The Same Again…

Just when things seemed to be settling down a little bit, our conflict with China has suddenly escalated to a dangerous new phase.  This is not simply just a “trade war” any longer, and our relationship with China will never be the same again.  As you will see below, President Trump just referred to Chinese President Xi Jinping as our “enemy”, and this is something that the Chinese are going to take extremely seriously.  In China, the national leader is a representation of the government as a whole, and the government as a whole is a representation of the entire county.  So to the Chinese people, what Trump just said will be interpreted as “the United States and China are now enemies”.  Of course for Trump everything would be forgiven tomorrow if the Chinese totally caved in to his demands and started saying all sorts of nice things about him, but for the Chinese what has transpired in recent months will be remembered for generations.  President Trump has insulted their national honor over and over again, and that sort of thing may not mean much to us here in the western world anymore, but over in China their sense of honor is central to who they are as a people.  After everything that has already been said and done, there will be no going back, and we are now facing a future in which the United States and China will be very bitter enemies. (Read More...)

One Of The Largest “Too Big To Fail” Banks In America Boldly Declares That “The Wheels For A Slowdown Are In Motion”

Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us.  Over the past week or so, the mainstream media has been filled with chatter about the possibility of a recession and what that would mean for the Trump campaign in 2020, and we continue to get more evidence on a daily basis that economic activity really is decelerating.  All of the numbers are pointing in the same direction, and I am going to share some brand new figures with you in this article.  But first, I want to address what Morgan Stanley just released to the public.  In a note that was just published, Morgan Stanley’s chief economist unequivocally stated that “the wheels for a slowdown are in motion”… (Read More...)

When It Comes To The U.S. Economy, Everyone Wants To Pin The Credit Or The Blame On Donald Trump

No matter what happens with the U.S. economy, most of the credit or the blame is going to go to President Trump.  And now that the U.S. economy appears to be headed for big trouble, the mainstream media is salivating over what this could mean for Trump’s chances of winning in 2020.  Within the past few days, the New York Times, the Washington Post, CNN, MSNBC and Fox News have all run stories about Trump and the economy, and they are all perpetuating the false premise that presidents should be held accountable for how the economy performs.  As I have repeatedly reminded my readers, the truth is that U.S. presidents generally have relatively little control over the direction of the economy.  In our system, it is the central planners at the Federal Reserve that primarily direct our economy, and so most of the credit or the blame for our economic performance should go to them.  And the truth is that even President Trump realizes this.  He understands that the Federal Reserve has control over key economic tools that he does not, and that is one of the reasons why he is so frustrated right now.  The Fed is not running things the way that he would run them, and he realizes that this could severely hurt his chances of winning the next election. (Read More...)

11 Reasons Why So Many Experts Believe That A U.S. Economic Crisis Is Imminent

The numbers are telling us that we have never been closer to the next recession than we are right now.  The storm clouds that were gathering on the horizon are now directly above us, and suddenly the mainstream media is filled with stories about when the next recession will begin and the effect that this may have on President Trump’s chances of winning in 2020.  In fact, there has been so much chatter about this that even President Trump is talking about it.  All over television, experts are breathlessly speculating about when the coming recession will begin, and they are dispensing lots of advice about how people should be preparing for it. (Read More...)

In The U.S., A Transportation Recession Has Already Officially Arrived

A transportation recession often precedes a recession for the entire economy, and while the debate about when the U.S. economy as a whole will plunge into a recession is quite vigorous right now, the truth is that the debate is over regarding when a transportation recession will begin.  Throughout 2017 and most of 2018, U.S. freight shipment volume was booming, and that was a very strong sign that overall economic activity was rising.  But when economic activity begins to decline, freight shipment volume often goes negative, and that is precisely what is happening right now.  In fact, U.S. freight shipment volume has now declined on a year over year basis for eight months in a row… (Read More...)

Is There A Hidden Political Agenda? The Mainstream Media Is Suddenly Full Of Stories About The Coming Recession

All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”.  If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline.  And of course it is true that there are signs of global economic trouble all around us, and I have been documenting them on my website all throughout 2019.  So we don’t want to criticize the mainstream media when they actually decide to tell the truth, because a recession is definitely coming, but could it be possible that there is also a hidden political agenda at work?  The economy is generally regarded to be one of the bright spots for President Trump, and political operatives on the left clearly understand that a major economic downturn now would spell almost certain doom for Trump’s chances of winning the 2020 election.  And when mainstream reporters talk about the possibility of a recession as we approach the next election, many of them almost seem gleeful as they describe how it could hurt Trump politically.  Ultimately, when things start to really get bad it is inevitable that the mainstream media will place the blame directly at the feet of Trump.  It is easy to imagine a narrative along the lines of “Trump’s handling of the economy has plunged the nation into a recession” being relentlessly pounded into the heads of American voters over the next year.  And if the end result is Trump being voted out of office, more than 90 percent of those that work for the big news companies will be just fine with that. (Read More...)

We Just Witnessed The 4th Largest Single Day Point Decline In U.S. Stock Market History

You had better buckle up, because it looks like we are in for a bumpy ride.  On Wednesday, the Dow Jones Industrial Average was down a whopping 800 points.  Not only was that the worst day of 2019, but as you will see below, there have only been three days in U.S. history that have been worse.  An inversion of the yield curve sent investors into panic mode, and the selling was fast and furious.  And of course back on August 5th we witnessed a 767 point decline.  So this is now the second historic decline that we have seen so far this month, and the month is only about half over.  Could it be possible that we are on the verge of a major stock market meltdown? (Read More...)

A One Day Stock Market Plunge Of 48%! A Major Financial Crisis In Argentina Is Happening Right Now

We are watching a complete and utter financial meltdown unfold in Argentina, and many are concerned that the panic could start spreading elsewhere.  When you go into way too much debt and you just keep devaluing your currency, this sort of thing is inevitably going to happen, and this is why I am endlessly criticizing the path that the United States is currently on.  If we do not reverse course, we will end up just like them.  On Monday, we witnessed the second largest one day stock market decline that we have seen anywhere in the world since 1950.  It is hard to believe, but the most important stock market index in Argentina actually plummeted 48 percent in a single trading session… (Read More...)

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