Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
I am extremely concerned by what I am seeing in the housing market. When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash. I repeatedly warned my readers that prices would start declining and that home sales would fall precipitously. … Read more
If you have been to the grocery store lately, you have probably noticed that meat prices have gone up dramatically. Unfortunately, we are being warned that things could get much worse in 2023. All over the northern hemisphere, cattle ranchers are dramatically reducing the size of their herds due to relentless drought conditions. Meanwhile, the … Read more
Have you noticed that the pace of layoff announcements has gotten rather fast and furious lately? Many of the biggest companies in the entire country are now conducting mass firings, and this is reminding many analysts of what we witnessed back in 2008. During the “Great Recession”, millions of Americans ultimately lost their jobs. Will … Read more
Will this be the last “somewhat normal” holiday season for U.S. retailers? Normally, the holiday season is the most profitable time of the year for our retailers, but it has become clear that holiday spending is going to be way down in 2022. Meanwhile, there are a couple of long-term trends that won’t be going … Read more
We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of epic proportions. Mortgage debt, auto loan debt and credit card debt all skyrocketed, and so when the economy finally crashed all of a … Read more
The global energy crisis has entered an alarming new stage. In recent months, natural gas prices have risen to absurd heights and supplies have been getting tighter and tighter all over the planet. But I did not expect that we would see any rationing yet. It had been my opinion that we could possibly see … Read more
Sometimes I think that we truly are living in Bizarro World. We just witnessed one of the most horrible financial disasters in years, and economic activity is dramatically slowing down all around us, but Wall Street is celebrating. In fact, the Dow Jones Industrial Average rose more than 1,200 points on Thursday. Despite everything else … Read more
Another domino has fallen. We are being told that the failure of FTX “would be kind of like a Lehman Brothers event”, and at this hour FTX is on the verge of collapse. There was a chance that FTX could survive when Binance announced a shocking rescue plan, but after looking at the books Binance … Read more