Water is streaming in below-decks, down in the stinking bilges, from many cracks in the hull. Nobody seems to know what to do, least of all the ship’s captain…. Is it time to lower the […]
May 5, 2022 by Michael Is this “the Big One”? On Wednesday, I warned that the Federal Reserve had made a “colossal mistake” when it increased its benchmark interest rate by 50 basis points, and it looks like investors […]
May 4, 2022 by Michael You don’t raise interest rates when the economy is already falling into a recession. U.S. GDP contracted during the first quarter of 2022, and if it contracts again in the second quarter of 2022 […]
BY CHARLES HUGH SMITH We all sense the global order has cracked. The existing order is breaking down on multiple fronts. Those who have benefited from this arrangement are doing everything in their power to patch […]
April 19, 2022 by Michael At this moment, food prices all over America are at incredibly low levels. I know what many of you must be thinking. You must be thinking that I have lost my mind, […]
BY DAVID HAGGITH “Commentary out of the Fed over the last few weeks indicates to me that our central bankers know they are doing far too little, far too late.” The events in monetary policy over […]
Everything about America is looking more and more medieval…. Back in the quaint old days of the George “W” Bush admin, White House political advisor Karl Rove famously said, “We’re an empire now, and when […]
March 30, 2022 by Michael They keep promising us that things will start getting better. When will that actually happen? Once winter was over, the supply chain crisis was supposed to be on the way out. Instead, […]
February 7, 2022 by Michael Snyder Teetering on a precipice can seem exciting until something comes along that knocks you over the edge. Unfortunately, the events of the past couple of years have perfectly set […]
February 2, 2022 by Michael Snyder That sure didn’t last long. Over the past two years, the U.S. government borrowed and spent trillions of dollars that we did not have, and the Federal Reserve unwisely pumped trillions […]
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