By Washington’s Blog Both liberals and conservatives assume they have a rough idea of how much “the debt” is. But the real numbers are shocking … Public Debt Is Soaring Global debt has soared to $199 […]
by John Rubino Brutal news is pouring in from pretty much everywhere. US retail sales are flat and wholesale prices are falling. Big retail chains are missing on earnings and seeing their shares plunge. Chinese […]
Submitted by Tyler Durden In late October, when describing Venezuela’s desperate steps to keep itself afloat for a few more months,we reported that in order to fund $3.5 billion bond payments in early November, Maduro’s […]
by Tyler Durden Having exposed the world yesterday to the 2-mile long line of tankers-full’o’crude heading from Iraq to the US, several weeks after reporting that China has run out of oil storage space we […]
by Tyler Durden On Tuesday, Brussels and Berlin got what amounted to the worst news possible out of Portugal. In what sounds like the plot of a McCarthy-era propaganda spy novel, the Socialists and Communists have […]
Michael Snyder This article was written by Michael Snyder and originally published at hisEconomic Collapse blog. Editor’s Comment: Though the big one in California could come at any time, major events have been stirring in […]
by Martin Armstrong The Obama Administration’s strategy regarding Russia and foreign affairs has been a total disaster. They have remarkably brought back the Cold War and placed the world at risk, all for their power […]
By Jeff Nielson November 10, 2015 Almost certainly, everyone reading this piece will have heard the phrase “barbarous relic” used in reference to a particular currency in our current monetary system. The problem is that […]
by Tyler Durden After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. sllumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and […]
By Washington’s Blog This article was published on March 26, 2015 As Lee Fang writes: The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank, during a Lockheed earnings […]
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