We Are Witnessing The Most Destructive Fire In The History Of California, And “Devil Winds” Threaten To Make Things Even Worse

California has been absolutely devastated by horrific wildfires in recent years, but the state has never seen anything quite like this.  At this moment, three major wildfires are raging, and the Camp Fire in Butte County is already officially the most destructive wildfire in California history.  Thousands of firefighters are desperately trying to contain this fire, but they haven’t had much success.  More than 6,700 structures have already been destroyed, and that shatters the all-time record that was set just last year.  In fact, five of the ten most destructive wildfires in California history have happened within the last two years.  The Camp Fire and the two mammoth fires in southern California have forced hundreds of thousands of people to evacuate from their homes, and authorities are warning that “devil winds” of up to 40 miles per hour could accelerate this crisis in the early morning hours of Monday. (Read More...)

Wall Street Seems To Believe That Endless Gridlock And Political Turmoil Will Be Good For America

It is difficult not to admire the relentless optimism on Wall Street.  A divided Congress is going to guarantee two years of gridlock and political turmoil in Washington, but many in the financial community are choosing to interpret the election results as a positive sign.  They remember the “gridlock” during the Obama years, and they are hopeful that the next couple of years will be at least somewhat similar.  The Dow Jones Industrial Average shot up 545 points on Wednesday, and that was the largest post-midterm rally that we have seen in 36 years.  Stock prices normally go up the day after midterm elections, but Wednesday’s rally was definitely unusual… (Read More...)

Now That America Has Given The Crazies Control Of The House, They Plan To Hit Trump With A Wave Of Subpoenas

This is a very dark moment in American history.  On November 6th, the American people gave the keys to the U.S. House of Representatives to the Democrats, and that means that the crazies will soon be unleashed on Capitol Hill.  They won’t be able to get much legislation pushed through because Republicans still control the Senate and Donald Trump is still in the White House, but they will be able to cause all sorts of chaos with their investigative powers.  If you thought that things were bad the last two years, just wait, because you haven’t seen anything yet.  Top Democrats are already talking about hitting Trump with a huge wave of subpoenas, and the White House is bracing for the worst.  It is going to be a time of bitter partisan wrangling in Washington, and meanwhile the nation as a whole is going to continue to fall apart. (Read More...)

The One Election Scenario That Would Be A “Disaster” For The Financial Markets

On Tuesday night all of the speculation about the midterm elections will mercifully be over, and there is one potential outcome that is being called a “disaster” for the financial markets.  Over the past couple of years, stock prices have soared to unprecedented levels, and Wall Street has seemed to greatly appreciate the pro-business environment that President Trump has attempted to cultivate.  Regulations have been rolled back, corporate taxes have been reduced significantly, and many corporate executives no longer fear that the federal government is out to get them.  But after Tuesday, everything could be different. (Read More...)

Global Stocks Plunge Again And A Former Reagan Administration Official Is Warning Of A “40% Crash”

Stocks are falling again, and many believe that this new crisis is only just beginning.  After a disappointing end to last week, a lot of investors were hoping for a bounce to start this week, but so far that has not materialized.  As I write this article, all the big markets in Asia are down, and it looks like it is going be be a rough morning for Wall Street.  Of course we probably won’t see too much movement as global markets wait to see what happens on Tuesday, and those results could potentially move things up or down substantially.  Ultimately, I have a feeling that Wall Street will not be too happy if control of Congress is divided, because that would almost certainly mean that very little will get accomplished in Washington for the next two years.  Instead, we will likely see even more bickering and fighting than we are seeing now. (Read More...)

California Hit By 39 Earthquakes Within 24 Hours As Scientists Warn Of “Movement Along The San Andreas Fault”

A series of large earthquakes has rattled California over the last 24 hours, and scientists are telling us that the shaking was the result of “movement along the San Andreas Fault system”.  In recent months there has been an alarming amount of seismic activity all along “the Ring of Fire”, and there have been times when the number of global earthquakes has been way above normal.  Could it be possible that all of this unusual seismic activity is leading up to something?  As you will see below, experts are telling us that we are overdue for the “Big One” to hit California.  And when it does eventually strike, it could be far worse than most people would dare to imagine. (Read More...)

In California, Home Sales Are Plunging Like It Is 2008 All Over Again

What goes up must eventually come down.  For years, the California housing market was on the cutting edge of “Housing Bubble 2” as we witnessed home prices in the state soar to absolutely absurd levels.  In fact, it got so bad that a burned down house in Silicon Valley sold for $900,000 earlier this year, and a condemned home in Fremont sold for $1.2 million.  But now things have changed in a major way.  The hottest real estate markets in the entire country led the way down during the collapse of “Housing Bubble 1”, and now it looks like the same thing is going to be true for the sequel. (Read More...)

“Red October”: We Just Witnessed The Worst Month For The S&P 500 In 7 Years

This was an October that many of us will never forget.  The month of October is typically the most volatile month of the year for stocks, and that was definitely the case in 2018.  It was the worst month for the S&P 500 in 7 years, and it was the worst month for the Nasdaq in almost 10 years.  But the damage could have been much worse if we had not seen a bounce the last two trading days of the month.  On Wednesday, the Dow Jones Industrial Average was up 241 points, and investors are hoping that this is a sign that things are starting to settle down a bit.  And hopefully things will be calmer in November, because things were so chaotic in October that the month has already been branded “Red October” by the mainstream media… (Read More...)

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