The Dow Made A Miraculous 400 Point Recovery, But Now Renewed Trade Fears Are Sending Markets Plunging Once Again

If your head is spinning from the wild fluctuations that have shaken global financial markets, you are definitely not alone.  On Sunday, President Trump angrily threatened to hit China with enormous new tariffs, and it looked like hopes for a trade deal between the United States and China had collapsed.  Overnight, Chinese stocks had their worst session in three years, and many expected U.S. stocks to experience a similar plunge.  But then on Monday we learned that the Chinese had decided to move forward with trade talks this week anyway, and global financial markets started rebounding in a major way.  In fact, the Dow Jones Industrial Average rebounded more than 400 points… (Read More...)

Trade talks with China collapse: “This has all the makings of a complete disaster that could lead the stock market to crater this week”

Chaos has returned to global financial markets, and it does not appear that there will be an easy fix this time.  For the first four months of 2019, the mainstream media told us over and over again that a great deal of progress was being made on a trade deal with China and that negotiations would soon reach a final conclusion, but now it has become clear that those news reports were fake news.  For a variety of reasons, the Chinese have been slow playing negotiations all along.  Once they got the Trump administration to suspend the implementation of any new tariffs while negotiations were ongoing, the Chinese no longer had any urgency to reach an agreement.  In fact, if the Chinese could have run out the clock all the way to the 2020 election, they surely would have done so.  They would very much prefer to negotiate with someone else, and I think that President Trump has finally figured out that he was being played.  On Sunday, in a very angry two part tweet Trump announced that he is going to slap China with huge new tariffs… (Read More...)

I Dare You To Tell Me The Economy Is “Booming” After Reading This List Of 19 Facts About Our Current Economic Performance

After taking an honest look at the facts, I don’t know how anyone can possibly claim that the U.S. economy is “booming”.  I really don’t.  We hear this sort of rhetoric from the mainstream media all the time, but it doesn’t make any sense.  As I discussed yesterday, nobody should be using the term “booming” to describe the state of the U.S. economy until we have a full year when GDP growth is 3 percent or better, and at this point we haven’t had that since the middle of the Bush administration.  And as you will see below, the latest numbers are clearly telling us that the U.S. economy is not even moving in the right direction.  Economic conditions are getting worse, and they weren’t that great to begin with.  According to the calculations that John Williams has made over at shadowstats.com, the U.S. economy is already in a recession, but of course the Federal Reserve will continue to tell us that everything is just fine for as long as they possibly can.  Unfortunately for them, they can’t hide the depressingly bad numbers that are coming in from all over the economy, and those numbers are all telling us the same thing. (Read More...)

Top U.S. Officials Gather To Discuss “Military Options” In Venezuela As Russia Warns Of “Grave Consequences” If America Invades

On Wednesday afternoon, senior U.S. officials gathered at the White House to discuss possible military options for Venezuela.  Meanwhile, the Russians are warning of grave consequences if the U.S. invades, and so the stage is being set for a potential showdown between the world’s two foremost military powers.  Previously, administration officials had hoped that the Venezuelan people would rally around Juan Guaido to such a degree that it would not require military intervention to oust Venezuelan President Nicolas Maduro, but that hasn’t happened.  In fact, Guaido’s big push to start a revolution in the streets over the past few days has ended up being a total flop.  The following comes from Yahoo News… (Read More...)

2 Aircraft Carriers Have Left Port – Are The USS Eisenhower And The USS Roosevelt Headed South Toward Venezuela?

Juan Guaido has initiated a violent uprising in an attempt to overthrow Nicolas Maduro, and it appears that the U.S. may be preparing to intervene in the conflict militarily.  The USNI News Fleet and Marine Tracker accurately tracks the current positions of U.S. naval assets, and according to them the USS Dwight D. Eisenhower has left port on the east coast and the USS Theodore Roosevelt has left port on the west coast.  In both cases, each aircraft carrier was originally slated for “training” exercises, but now there is lots of speculation that they are both steaming south toward Venezuela.  Since there has been no official confirmation from Washington, let me stress that once again that any talk about the potential destination of these carriers is just speculation.  But considering what is taking place in Venezuela at this moment, it certainly would not surprise anyone if the waters off Venezuela is precisely where they are heading. (Read More...)

“An Estimated 150-200 Million Pigs” Have Been Hit By A Global Plague Of Biblical Proportions

African Swine Fever is the greatest threat to global food production that we have seen since World War II ended.  As you will see below, the disease has now spread “to every province in mainland China”, and it has now infected “an estimated 150-200 million pigs”.  To put that number in perspective, that is more pigs than the entire U.S. pork industry produces in an entire year.  In other words, the equivalent of the entire U.S. pork industry has just been wiped out.  On top of that, African Swine Fever has also spread to Cambodia, Tibet, Romania, South Africa and Vietnam.  The losses are staggering, and this crisis continues to get worse with each passing week. (Read More...)

Wealthy Elitists Freak Out As Hordes Of Homeless People Take Over Their Neighborhoods All Over The West Coast

The elite are very “tolerant” of the homeless until they start showing up in their own neighborhoods.  Even though the mainstream media keeps telling us that the U.S. economy is “booming”, the number of Americans living on the streets continues to grow very rapidly, and this is particularly true in our major west coast cities.  More than half a million Americans will sleep on the streets of our cities tonight, and they need help, care and shelter.  Sadly, as economic conditions deteriorate that number is likely to double or even triple.  Of course many among the elite are all in favor of doing something for the homeless, as long as they don’t have to be anywhere around them. (Read More...)

Nearly 102 Million Americans Do Not Have A Job Right Now – Worse Than At Any Point During The Last Recession

Wouldn’t it be horrible if the number of Americans without a job was higher today than it was during the Great Recession of 2008 and 2009?  Well, that is actually true.  As you will see below, nearly 102 million Americans do not have a job right now, and at no point during the last recession did that number ever surpass the 100 million mark.  Of course the U.S. population has grown a bit over the last decade, but as you will see below, the percentage of the population that is engaged in the labor force is only slightly above the depressingly low levels from the last recession.  Sadly, the truth is that the rosy employment statistics that you are getting from the mainstream media are manufactured using smoke and mirrors, and by the time you are done reading this article you will understand what is really going on. (Read More...)

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