Stock Prices Are Plunging, And Many Fear This Could Be Another “Black October” For The Stock Market

The stock market hasn’t started a quarter this badly in about a decade, and if stock prices continue to plummet it could set off a wave of panic selling unlike anything that we have seen in a very long time.  Of course it wouldn’t be the first time that we have seen a major stock market crash during the month of October.  If I mention “October 1929”, you immediately know what I am referring to, and the same thing is true for October 1987 and October 2008.  Today, we are facing a global economic slowdown, an impeachment crisis in Washington and a rapidly escalating trade war simultaneously, and it seems like almost everyone on Wall Street is suddenly talking about “the coming recession”.  In such an environment, any piece of bad news is going to push stocks lower, and that is certainly what happened on Wednesday(Read More...)

A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That “More Damage” Is Ahead

We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better any time soon.  In fact, one expert is warning that “more damage” is coming if the trade war is not resolved, and unfortunately it does not appear that a resolution will be possible for the foreseeable future.  As I have been detailing for months, the entire global economy has been steadily slowing down, but some shocking new numbers that we just got indicate that our economic problems are really starting to accelerate.  So hold on to your hats, because it looks like things are about to get really crazy.  According to CNBC, September was the worst month for U.S. factories in more than a decade(Read More...)

As Prominent Republicans Betray Trump, The Media Urges Americans To Get Ready For “President Mike Pence”

Impeachment mania is reaching a fever pitch in Washington, and as I reported a couple of days ago, the Democrats are hoping to have articles of impeachment ready for a House vote around Thanksgiving.  But in order to impeach the president of the United States, you need to have an impeachable offense first, and even if everything that is being alleged is 100 percent true there is simply no impeachable offense in this case.  In recent days there has been a lot of talk about “the integrity of our elections” and Donald Trump has been accused of “betraying his oath of office”, but top Democrats never seem to publicly bring up any specific law that Trump has violated.  The U.S. Constitution sets a high standard for impeaching the president, and unless that standard is met, impeachment proceedings should not go forward.  Some progressive writers have attempted to suggest that Trump is guilty of bribery, extortion, obstruction of justice or a campaign finance violation, but none of those crimes comes anywhere close to fitting the facts of this case.  Democrats may have been offended by what Trump said during his call with the president of Ukraine, but being offended is not enough to impeach someone. (Read More...)

It Is Time To Go: Over Half Of All California Voters “Have Considered Leaving The State”

Why in the world does anyone still want to live in California?  Great weather and good paying jobs are the two biggest positives that residents often point out, but the high cost of living and the absolutely ridiculous housing prices often eat up all of the extra money that Californians think that they are making.  In fact, it was recently reported that it now takes approximately $350,000 a year to live a middle class lifestyle in the city of San Francisco.  If you have a ton of money, it can partially insulate you from the problems that are increasingly ravaging the state, but unless you never go out in public nothing is going to insulate you completely.  Cities all over the state are degenerating into drug-infested, crime-ridden hellholes that are literally being overrun by millions of rats.  California has some of the worst traffic in the entire world, unchecked illegal immigration is causing a whole host of social problems, and gang activity has become a massive problem.  On top of everything else, California is being constantly hit by wildfires, mudslides, earthquakes and other natural disasters.  In fact, scientists tell us that it is just a matter of time before “the Big One” hits, and that is probably one of the best reasons to leave California while you still can and never look back. (Read More...)

A Shocking New Survey Finds That Most Americans Are Completely Unprepared For The Next Recession

Just like in 2008, most Americans are living right on the edge financially, and so any sort of an economic downturn is going to be extremely painful for tens of millions of American families.  When you have not built up a financial cushion, any sort of a setback can be absolutely disastrous.  During the last recession, millions of Americans suddenly lost their jobs, and because most of them were living paycheck to paycheck a lot of them suddenly couldn’t pay their mortgages.  In the end, millions of Americans lost their homes during the “subprime mortgage meltdown”, and today the housing bubble is even larger than it was back then.  Sadly, the reality of the matter is that many of us are just barely scraping by from month to month, and that is a very dangerous position to be in. (Read More...)

A Majority Of The House Now Supports Impeachment – And Some Republicans Senators Are Looking Really Shaky

According to the latest count by NBC News, most of the members of the U.S. House of Representatives now support moving forward with impeachment.  And that shouldn’t be too much of a surprise after House Speaker Nancy Pelosi shocked the country by announcing the initiation of an impeachment inquiry this week.  But what is surprising is the number of Republicans that are expressing concerns about Trump.  In the end, this entire ordeal may come down to a vote in the U.S. Senate, and President Trump desperately needs Republicans to stay united.  Unfortunately, even after the release of the transcript of President Trump’s conversation with the President of Ukraine (which you can read right here), some “moderate” Republicans are clearly not standing behind the president.  All that it would take to completely kill the move toward impeachment is a completely united Republican Party, and right now that is not happening. (Read More...)

If Donald Trump Is Impeached, You Should Expect The Mother Of All Stock Market Crashes To Happen

News that an impeachment inquiry is being initiated instantly sent stock prices tumbling on Tuesday, but that small jolt is nothing compared to what we will experience if Donald Trump is actually impeached.  Over the past couple of years we have seen a tremendous boom in stock prices, and one of the big reasons for that boom is the fact that the folks on Wall Street know that Trump is always going to be looking out for their best interests.  Trump understands that his chances of winning again in 2020 will be greatly enhanced if stock prices are rising and most Americans believe that we have a “booming economy”, and so he wants to do everything in his power to try to make those things happen.  That means that Trump’s short-term interests are perfectly aligned with Wall Street’s short-term interests, but things will shift dramatically if someone like Elizabeth Warren or Bernie Sanders ends up in the White House.  Wall Street knows that they have a friend in Donald Trump, and losing that friend would potentially be absolutely devastating. (Read More...)

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