Major changes are happening to our planet, and the experts are groping for answers. In recent days some have suggested that what we are witnessing is the natural progression of “man-made climate change”, but that explanation has generally been received with a lot of skepticism. Something truly dramatic appears to be happening to the globe, and it isn’t just because the amount of carbon dioxide in the air suddenly reached some sort of magical “tipping point”. But without a doubt, temperatures are getting warmer. In July, Death Valley experienced “the hottest month ever recorded on the planet”. Over in Europe, Saturday was being billed as Europe’s “hottest day ever”, and temperatures in Lisbon, Portugal were expected to top 107 degrees both Saturday and Sunday. On the other side of the planet, the crippling drought in Australia is devastating farms “like a cancer”, and things are so hot in North Korea that the government has declared “an unprecedented natural disaster”… (Read More...)
Portland Braces For “Blood In The Streets” As Antifa Pledges “Militant Antifascist Resistance Against Patriot Prayer” On Saturday
If Portland authorities do not intervene in a major way, we could potentially see one of the largest street brawls in modern American history on Saturday. On June 30th, an extremely violent confrontation in Portland between Antifa thugs and conservative groups made headlines all over the world, and now both sides have been hyping this August 4th sequel as an even bigger event. Two conservative groups, Patriot Prayer and The Proud Boys, are claiming that they will have thousands of members in the heart of Portland for their scheduled rally, and they are very much encouraging people to bring guns. On the other side, Eugene Antifa, Rose City Antifa, RASH NW and the Pacific Northwest Anti-Fascist Workers Collective are hoping to bring thousands of their own members, and one organizer publicly stated that they “better bring our own guns too”. All it is going to take is for one person to get shot and killed for all hell to break loose. (Read More...)
According To The “Buffett Indicator”, The Stock Market Is More Primed For A Crash Than It Has Ever Been Before
Warren Buffett’s favorite indicator is telling us that stocks are more overvalued right now than they have ever been before in American history. That doesn’t mean that a stock market crash is imminent. In fact, this indicator has been in the “danger zone” for quite some time. But what it does tell us is that stock valuations are more bloated than we have ever seen and that a stock market crash would make perfect sense. So precisely what is the “Buffett Indicator”? Well, it is actually very simple to calculate. You just take the total market value of all stocks and divide it by the gross domestic product. When that ratio is more than 100 percent, stocks are generally considered to be overvalued, and when that ratio is under 100 percent stocks are generally considered to be undervalued. The following comes from MSN… (Read More...)
The Number Of Americans Living In Their Vehicles “Explodes” As The Middle Class Continues To Disappear
If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed. More Americans are falling out of the middle class and into poverty with each passing day, and this is one of the big reasons why the number of homeless is surging. For example, the number of people living on the street in L.A. has shot up 75 percent over the last 6 years. But of course L.A. is far from alone. Other major cities on the west coast are facing similar problems, and that includes Seattle. It turns out that the Emerald City has seen a 46 percent rise in the number of people sleeping in their vehicles in just the past year… (Read More...)
They Are Calling It “The Tech Bloodbath” – 10 Facts About This Tech Stock Crash That Will Take Your Breath Away
Thanks to crashing tech stocks, Americans have lost hundreds of billions of dollars in paper wealth over the past three trading days. As you will see below, we have just witnessed “the biggest market cap loss in history”, and many analysts believe that this is only just the beginning. At this point, even the mainstream media is fearing the worst. CNN is boldly proclaiming that “the tech bloodbath is here”, and there is a flood of mainstream articles giving advice to investors about how to ride out this crisis. But the amount of money that has already been lost is absolutely huge, and it isn’t going to take much to turn this panic into a full-blown stampede. In a lot of ways, what we are watching is very reminiscent of 2001. When the original tech bubble burst, the crash was so rapid and so dramatic that many ordinary investors were not able to react in time. As I have explained so many times before, markets tend to go down a whole lot faster than they go up, and the events of the last three trading days have been completely breathtaking. (Read More...)
Housing Crash 2.0? Experts Warn That ‘The U.S. Housing Market Looks Headed For Its Worst Slowdown In Years’
Is the United States heading for another absolutely devastating housing crash? It has been 10 years since the last one, and so many of the exact same signs that immediately preceded the last one are starting to appear once again. Back in 2007, home prices were absolutely soaring and it seemed like the party would never end. But interest rates went up, home sales slowed down substantially, and eventually prices began to crash. Millions upon millions of Americans were suddenly “underwater” in their homes just as a crippling recession hit the economy, and we plunged into a foreclosure crisis unlike anything that we had ever seen before. Well, now the cycle is happening again. Home prices surged to unprecedented heights in 2017, and this was especially true in the hottest markets on the east and west coasts. But now interest rates are going up and home sales are starting to slow down substantially. We certainly aren’t too far away from the next crash and another horrible foreclosure crisis, and many experts are beginning to sound the alarm. (Read More...)
We Are About To See A Great, Big Debt-Fueled GDP Number For The 2nd Quarter, But There Is A Catch…
What kind of number for GDP growth in the 2nd quarter will we get on Friday? The market consensus is somewhere around 4 percent, but there are many out there that are expecting a number above 5 percent. The last time we witnessed such a number was during the third quarter of 2014 when the U.S. economy grew by 5.2 percent. If Friday’s GDP figure is better than that, it will be the best report that we have had since 2003. But let’s keep things in perspective. In seven of the last 10 years, GDP growth was much lower than anticipated in the first quarter and much higher than anticipated in the second quarter. It looks like that pattern may play out again in 2018, and analysts are already warning us to expect a much lower number for the third quarter. (Read More...)
Tech Investors Start To Panic As Facebook’s Stock Price Plunges More Than 20 Percent
Is this the beginning of the fall of Facebook? After announcing disappointing numbers for the second quarter on Wednesday, Facebook’s stock price plunged more than 20 percent in after-hours trading. If that decline holds on Thursday, it will be the biggest stock price drop in Facebook’s entire history. But the truth is that we will probably see the stock price bounce back a bit, because Wednesday’s crash was almost certainly an overreaction. Unlike many other tech companies, Facebook is still making lots of money, and the number of users globally is still growing. However, there are definitely some huge red flags. In the U.S. and Canada the number of users is stagnant, and in Europe the number of users is actually declining. Facebook’s user base is aging as many young people abandon the platform for trendier alternatives, and there is a growing backlash among conservatives against the tremendous censorship that we have seen in recent months. People are hungry for an alternative, and if something more appealing comes along Facebook could ultimately suffer the same fate as MySpace very rapidly. (Read More...)