by Peter Reagan Even the ultra-wealthy are pulling back on spending – skipping luxury cars, scaling down college perks and trimming travel. When the richest Americans cut spending, it’s not a necessity, it’s about caution. Here’s […]
by Michael The middle class in the United States has been steadily shrinking, and the gap between the ultra-wealthy and the rest of us has grown to absurd proportions. But it wasn’t always this way. When […]
by Michael It appears that the crisis facing auto dealerships is far more dire than any of us thought. Financial institutions are starting to get extremely tight with their money, and that is putting extreme stress […]
Mar 20 Quoth the Raven It looks as though Credit Suisse is going to be sold off for pennies on the dollar, temporarily postponing a financial trainwreck, at least for a couple more hours or […]
by Michael Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that […]
by Michael Snyder The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a […]
“The smoke is coming from the REPO market because it’s concealing infinite QE. They have to go to infinite QE or the system breaks,” so says Jim Willie who also warns that the Dutch Central […]
PUBLISHED BY EGON VON GREYERZ | DEC 19, 2017 | ARTICLES In 1988, the UK magazine, The Economist forecast that 2018 would be the year of a new currency which they named the Phoenix. Quite a mind boggling prediction 30 […]
By Michael Snyder, on September 30th, 2016 The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes. Deutsche Bank is the 11th […]
By Michael Snyder Over the past 12 months, stock market investors around the planet have lost trillions of dollars. Since this time last June, stocks have crashed in 6 of the world’s 8 largest economies, […]
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