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Keyword: doomandgloom

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  • Denmark Passes Law To Seize Valuables, Cash From Refugees

    01/26/2016 12:35:30 PM PST · by RummyChick · 8 replies
    zerohedge ^ | 1/26 | durden
    “Welcome to Europe. Now gimmie that watch.” That’s the greeting asylum seekers will get when they enter Denmark from now on thanks to a new law that will allow police to search refugees on arrival and confiscate anything worth more than 10,000 kroner.
  • Lower oil prices are unambiguously good

    10/17/2014 9:03:36 PM PDT · by Abakumov · 41 replies
    Human ^ | October 18, 2014 | Larry Kudlow
    Steep stock market corrections often create shrouds of pessimism that do bad things to peoples brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse and rising unemployment. Ive been around for a while, and Ive seldom heard such gibberish. The latest stock market scare stems from a bunch of fears such as...
  • Obama Won't Finish Term Without Bottom Dropping Out Money Morning

    06/01/2013 5:33:19 PM PDT · by lbryce · 33 replies
    Money Morning ^ | May 30, 2013 | Staff
    Schiff: 2/3 of America to Lose Everything Because of This Crisis A record breaking stock market is distorting a frightening reality: The U.S. is being eaten alive by a horrific cancer that will ultimately destroy the economy and impoverish the vast majority of its citizens. That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his harsh warning to investors in a recent interview on Fox Business. "I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge...
  • Obama will not be impeached.

    05/19/2013 6:21:13 PM PDT · by staytrue · 90 replies
    self | 5-19-13 | self
    Everyone who thinks one of these scandals will remove Obama from the White House is sadly mistaken. Let's look at Nixon to see what it takes to remove a President. In Nixon's case, it took a well prepared and knowledgeable witness John Dean, a lot of tape recordings, a press that hated Nixon, and a political party that was the same as the president and somewhat honest and fair minded. In Obama's case, we have nothing close to John Dean, we have no recordings, the media still likes Obama and the democrat party is ruthless and corrupt as the mafia....
  • Obama Has Won! Is Civil War Inevitable?

    05/11/2013 7:17:28 PM PDT · by 2ndDivisionVet · 86 replies
    Clash Daily ^ | May 10, 2013 | Skip Coryell
    Some of you are already shaking your head and arguing with my headline. I can hear the conservative craniums rattling all across Americas fruited plains, her mountains majesty, and from sea to shining sea. Let me clarify my title. Lets start with the first half: Obama Has Won! But you scream back angrily at me, NO he hasnt! He didnt win! Well never admit defeat! Good for you. I appreciate and respect your patriotism and tenacity. Unfortunately, youre wrong. Theres no denying that one. He was re-elected, and hes achieved every goal he set out to win short of disarming...
  • Insolvency looms for federal entitlement programs, government warns ("TurboTaxCheatTimmy" says)

    05/13/2011 12:08:22 PM PDT · by NormsRevenge · 109 replies
    Los Angeles Times ^ | 5/13/11 | Noam N. Levey
    Caught in the sluggish recovery from the last recession, Social Security and Medicare face an increasingly dismal fiscal future, the federal government reported Friday in its annual review of the two mammoth entitlement programs. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. And Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last years projections. Over the years, the Social Security and Medicare trustees...
  • Deepening Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver

    04/24/2011 8:40:02 PM PDT · by blam · 32 replies
    TMO ^ | 4-24-2011 | Bob Chapman
    Deepening Economic Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver Economics / Inflation Apr 24, 2011 - 12:43 PM By: Bob Chapman Economic recovery does not seem to be taking effect in spite of more massive expenditures by Congress and the Fed. The IMF says financial stability has improved, but then again their vision is almost always clouded. US tax revenues are not increasing in a meaningful way, manufacturing struggles to expand and Wall Street flourishes in a cascade of mega salaries and bonuses. In another six months the US will be three years what...
  • Q.E. Money Printing Negative Feed Back Loop to Hyper-Inflation Oblivion

    03/09/2011 11:09:41 AM PST · by blam · 29 replies
    TMO ^ | 3-9-2011 | Jim Willie CB
    Q.E. Money Printing Negative Feed Back Loop to Hyper-Inflation Oblivion Interest-Rates / Quantitative Easing Mar 09, 2011 - 09:16 AM By: Jim Willie CB USFed Chairman Bernanke and the Quantitative Easing programs are caught in a negative feedback loop, the instruments at risk being the USDollar and the USTreasury Bond. The former suffers from lost integrity and direct inflation effect. The latter suffers from direct intervention and market ruin. The next QE round is guaranteed by the failure of the previous program in an endless cycle to be recognized later this year. Leaders are confused why the recovery does not...
  • Snowfalls Are Now Just a Thing of the Past

    12/20/2010 7:53:21 AM PST · by Kaslin · 14 replies · 1+ views
    Pajamas Media ^ | December 19, 2010 | Ed Driscoll
    That was the headline on this March 2000 story in England’s Independent: Britain’s winter ends tomorrow with further indications of a striking environmental change: snow is starting to disappear from our lives.Sledges, snowmen, snowballs and the excitement of waking to find that the stuff has settled outside are all a rapidly diminishing part of Britain’s culture, as warmer winters – which scientists are attributing to global climate change – produce not only fewer white Christmases, but fewer white Januaries and Februaries. The first two months of 2000 were virtually free of significant snowfall in much of lowland Britain, and...
  • Stormy weather? Our skies stay dry, but predictions point toward a busy 2011 hurricane season

    12/15/2010 9:49:34 PM PST · by a fool in paradise · 34 replies
    Houston Chronicle ^ | Dec. 14, 2010, 11:17PM | HOUSTON CHRONICLE editorial board
    Most Houstonians don't spend much time thinking about hurricanes in mid-December as the winter solstice and the shortest day of the year approach. Although next Tuesday marks the first day of winter, solstice also represents a seasonal nadir, when the sun reaches its lowest point in the southern sky and begins its northerly climb toward future summer. So far this season, the nights have been bracing, but with no hard freeze in the metro area. If urban gardeners have a complaint, it's about the paucity of rain that has left us six inches below normal and flirting with drought. So...
  • Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When

    09/23/2010 10:55:18 AM PDT · by blam · 13 replies
    The Business Insider ^ | 9-23-2010 | Ron Hera, Hera Research, LLC
    Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When Ron Hera, Hera Research, LLC Sep. 23, 2010, 1:28 PM The Hera Research Newsletter (HRN) is delighted to present the following powerful interview with noted speaker and best selling author Dr. Marc Faber, whose newsletter, The Gloom Boom & Doom Report, highlights unusual investment opportunities. Dr. Faber is a popular speaker at investment seminars and conferences around the world and is best known for his contrarian investment approach. Born in Zurich, Switzerland, Dr. Faber went to school in Geneva and Zurich and finished high school...
  • 5 Ugly Truths Americans Will Have to Face

    03/02/2010 4:53:37 AM PST · by Kaslin · 45 replies · 1,709+ views ^ | March 2, 2010 | John Hawkins
    "Before I draw nearer to that stone to which you point, answer me one question. Are these the shadows of the things that Will be, or are they shadows of the things that May be only?" Still the Ghost pointed downward to the grave by which it stood. "Men's courses will foreshadow certain ends, to which, if persevered in, they must lead. But if the courses be departed from, the ends will change. Say it is thus with what you show me!"The Spirit was immovable as ever. -- Charles Dickens, A Christmas Carol Even the United States of America is...
  • FDIC Hits Record "Default" Level As Deposit Insurance Fund Plunges

    02/23/2010 12:46:42 PM PST · by FromLori · 20 replies · 603+ views
    ZeroHedge ^ | 2/21/10 | Tyler Durdin
    From Dow Jones: The U.S. banking industry continued to struggle in the fourth quarter, as the number of banks on the brink of failure continued to rise and the government's fund to protect deposits fell sharply into the red. The Federal Deposit Insurance Corp. said Tuesday that its deposit-insurance fund fell to $20.9 billion at the end of 2009, a $12.6 billion drop in the final three months of the year, as bank failures continued at a pace not seen since the savings and loan crisis. The fund's reserve ratio was -0.39% at the end of the quarter, the lowest...
  • Kiss That V-Shaped Recovery Good-Bye: The U.S. "Worse Than Greece," Says Economist

    02/16/2010 1:39:55 PM PST · by Kartographer · 14 replies · 1,096+ views ^ | 2/15/10 | Peter Gorenstein
    There's been many letters and symbols used over the last year to describe the shape of the U.S. economic recovery. There's the strong V-shaped recovery; the square root shaped recovery to connote a strong recovery followed by a period of flat to no growth; and the W-shaped recovery favored by those believing in a double dip recession. Tech Ticker guest Michael Pento has a new twist on the discussion. Pento, senior market strategist with Delta Global Advisors believes this is a tee-pee shaped recovery with the top of that tee-pee having already formed in the fourth quarter.
  • HURRICANE EARTH (It Finally Hit Us)

    02/04/2010 4:06:57 PM PST · by blam · 15 replies · 1,109+ views
    The Business Insider ^ | 2-4-2010 | Joe Weisenthal
    HURRICANE EARTH Joe Weisenthal Feb. 4, 2010, 5:40 PM From the time the market started rallying last March, skeptics have been warning of a coming storm ahead. Today, it felt like we experienced it. As one market pro put it today: This was real. Here are the key highlights: * The 15 sovereigns at risk of collapse > * 20 reasons the economy can't recover > * Morgan Stanley: We can't believe how fast the euro unraveled > * The Dow crashes through 10,000 > * It's a good thing you're hedge with gold > * The crazy action in...
  • Regional Banks Soar As Wall Street Burns

    01/21/2010 12:01:39 PM PST · by Slyscribe · 5 replies · 466+ views
    IBD's Capital Hill ^ | 1/21/2010 | Ed Carson
    President Obamas proposal to ban most proprietary trading wouldnt affect regional banks, which are among the top performers on a tough day for stocks overall. Fifth Third (FITB) jumped 10%, KeyCorp (KEY) 7% and Comerica (CMA) 9.5%. All three banks reported losses, but their loan loss provisions were flat or lower, suggesting the crisis is easing for the nations regional and local banks. That sent the entire sector higher. As of mid-afternoon, five regional bank groups were in the top 13 out of IBDs 197 industries.
  • Worst Debt Crisis Since The Great Depression To Claim 200 More U.S. Banks During 2010

    01/18/2010 12:27:55 PM PST · by blam · 20 replies · 619+ views
    The Market Oracle ^ | 1-18-2010 | Martin D Weiss
    Worst Debt Crisis Since The Great Depression To Claim 200 More U.S. Banks During 2010 Economics / Credit Crisis 2010 Jan 18, 2010 - 03:56 AM By: Martin D Weiss Washington has so thoroughly botched its supervision of the banking industry that 200 banks are likely to fail this year easily surpassing last years 140 bank failures inevitably involving the greatest bank losses in history and already costing the FDIC ten times more than the great S&L and banking crisis of the 1980s did. I am not basing these conclusions on conjecture. They come straight from official...
  • Unemployment benefit claims rise, but barely (nice spin)

    01/07/2010 7:24:09 AM PST · by traumer · 15 replies · 606+ views
    Only 434,000 Americans filed for unemployment benefits, the second week in a row that claims have fallen to levels unseen since August 2008. Fewer than 435,000 Americans filed for first-time unemployment claims last week, the second week in a row that claims have been this low in more than a year. The trend suggests that the economy is nearing the point when job growth will outstrip job loss in the US economy. But economists are cautious about the report released Thursday by the US Department of Labor because of the enormous variation between the seasonally adjusted and unadjusted numbers. For...
  • You Fail at Failed Treasury Auctions

    12/28/2009 12:07:09 PM PST · by FromLori · 49 replies · 1,215+ views
    Zero Hedge ^ | 12/28/09 | Marla Singer
    For some reason Zero Hedge is prone to take a great deal of heat (both directly radiated and reflected) whenever we opine on the (rather obvious to us) prospect that interest rates might actually (quelle surprise) rise in this environment. Today, rather than engage in "we told you so" gloating, or endure the repetitive pleadings of commentators that this or that Treasury auction was really a success if you just look a little deeper at the figures, we'll just quote Bloomberg quoting other fixed income observers on today's auction of two years, in an article "ambiguously" titled "U.S. 2-Year Yields...
  • A Major Warning on the Slowed Money Growth

    12/23/2009 12:14:26 PM PST · by FromLori · 11 replies · 752+ views
    Economic Policy Journal ^ | 12/23/09 | Robert Wenzel
    I am not alone in my warnings that the slowed money supply will send the economy into a double digit recession. Professor Charles Goodhart, a former top official at the Bank of England now at the London School of Economics, said policymakers have neglected the flashing danger signal of the monetary data, writes Ambrose Evans-Pritchard. "What has happened to all the monetarists? Growth in money holdings and lending has plummeted. Thirty, or 40, years ago they would have been forewarning doom and destruction at this juncture, and casting anathemas at the authorities," he wrote in a consultant report for Morgan...