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Keyword: doommonger

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  • Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse

    06/25/2013 3:02:39 PM PDT · by Kartographer · 143 replies
    TheEconomicCollapseBlog ^ | 6/25/13 | By Michael
    #1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck. But most Americans are acting as if their jobs will always be there. But the truth is that mass layoffs can occur at any time. In fact, it just happened at one of the largest law firms in New York City. #2 27 percent of all Americans do not have even a single pennysaved up. #3 46 percent of all Americans have $800 or less saved up. #4 Less than one out of every four Americans has enough money stored away...
  • As RBS' ATM "Glitch" Enters Fifth Day, The Bailed Out Bank Issues A Statement

    06/23/2012 1:14:44 PM PDT · by Kartographer · 30 replies
    ZeroHedge ^ | 6/23/12 | Tyler Durden
    Over the past week, various entities controlled by bailed out UK-bank RBS, focusing primarily on NatWest, have seen clients unable to access virtually any of their funds, perform any financial transactions, or even get an accurate reading of their assets. The official reason: "system outage"... yet as the outage drags on inexplicably for the 5th consecutive day, the anger grows, as does speculation that there may be more sinister reasons involved for the cash hold up than a mere computer bug.
  • 'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading...

    06/01/2012 7:53:15 PM PDT · by TigerLikesRooster · 54 replies
    Daily Mail ^ | 06/01/12 | Hugo Duncan
    'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far Robert Zoellick: 'Far from clear leaders ready for impending catastrophe' Raft of dismal news from around world wreaked havoc on market Manufacturing output crashed in Britain, jobless up in Europe and U.S. Fast-emerging economies such as Brazil and China running out of steam By Hugo Duncan PUBLISHED: 15:49 GMT, 1 June 2012 | UPDATED: 22:52 GMT, 1 June 2012 The head of the World Bank yesterday warned that financial...
  • Prepare to Survive Total Economic Collapse

    05/14/2012 7:11:25 PM PDT · by Kartographer · 112 replies
    The collapse will be a cycle. Its wise to be prepared for all the angles of possibilities .It will be survival of the fittest and most aware. That's exactly what's happening. Either be aware, prepare, survive, and thrive.. or stay in denial and eventually die on your knees. People have a choice. Most choose to stick their heads in the sand while keeping their lazy fat asses in the air. Most of em enjoy the raping.Avoid big cities and crowded places ,Buy food, water, a water purifier, guns and ammo. You will need medical supplies, vitamins and ibuprofen. Power will...
  • Keep Ready Cash! Money Markets are Dead.

    04/17/2012 7:37:51 PM PDT · by Broker · 13 replies
    Vanity ^ | April 17, 2012 | BROKER
    Should our fine financial system cease functioning cash will become a rare and precious medium. Over the years Americans have exchanged paper currency with confidence. Yet, today everyone's cash is a digital value out of hand. Our vast nationwide cash money market holdings greatly exceed any paper currency supply making any Bank run a momentary event. Should the financial house of cards crash, holders of green back US Dollars will be able to engage in trade. Gold hoarders will not know what to do. Credit cards won't work. Checks won't either. If you can't barter, cash will be king. Get...
  • The Fed's "Operation Twist". Europe And America. Grim Economic Prospects

    03/31/2012 2:33:22 PM PDT · by blam · 7 replies
    TMO ^ | 3-31-2012 | Bob Chapman
    The Fed's "Operation Twist". Europe And America. Grim Economic Prospects Politics / US Economy Mar 31, 2012 - 12:03 PM By: Bob Chapman Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields. The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now...
  • “You’ll See a Worldwide Depression That’ll Make the 1930's Look Like a Kindergarten”

    03/20/2012 4:54:01 PM PDT · by Kartographer · 14 replies · 3+ views
    SHTF Plan ^ | 3/20/12 | Mac Slavo
    There’s $8 Trillion in global sovereign debt that needs to be rolled over in 2012. This does not include state, local, corporate or personal debt. There’s simply not enough cash in the world to buy all this debt. What is worse – who would? Who in their right mind would loan cash today for ten years for a guaranteed return of 1.85%. We know inflation is at least running at 10% in the real world, and you’re taxed on the gains you make before inflation, making bonds a very bad choice for anybody. But, this debt must be funded or...
  • Unprecedented Global Monetary Policy As World Trade Volume Craters

    02/02/2012 10:18:16 PM PST · by lbryce · 2 replies
    Zero Hedge ^ | Frbruary 2, 2012 | Tyler Durden
    With the IMF cutting its global growth forecasts and signs of slowing evident in the dramatic contraction in World Trade Volume in the last few months, it is perhaps no surprise that the central banks of the world have embarked upon what Goldman Sachs calls an 'Unprecedented Alignment of Monetary Policy Across Countries'. Our earlier discussion of the European event risk vs global growth expectations dilemma along with last night's comments on the impact of tightening lending standards around the world also confirms that this policy globalization is still going strong and is likely to continue as gaming out the...
  • Is Now The Time To Move Away From Major U.S. Cities?

    01/26/2012 4:44:50 PM PST · by blam · 288 replies
    The American Dream ^ | 1-26-2012 | Michael Snyder
    Is Now The Time To Move Away From Major U.S. Cities?January 26, 2011 As the U.S. economy falls apart and as the world becomes increasingly unstable, more Americans than ever are becoming "preppers". It is estimated that there are at least two million preppers in the United States today, but nobody really knows. The truth is that it is hard to take a poll because a lot of preppers simply do not talk about their preparations. Your neighbor could be storing up food in the garage or in an extra bedroom and you might never even know it. An increasing...

    01/19/2012 5:17:54 PM PST · by Kartographer · 59 replies
    http://www.barnhardt.biz/ ^ | 1/19/12 | ANN BARNHARDT
    I have received enough calls and emails on this within the last few weeks to A.) cause concern and B.) merit a post. People are having difficulty withdrawing cash from banks. I just received the SECOND call on this from California this week. The question is, do banks have the right to deny you cash withdrawals? The answer is NO. They do not. And both of the men I have heard from in California were obviously being bee-essed by their bank. The bank couldn't cite statute, and then started haggling over the amount of cash withdrawals they would allow. That's...
  • 24 Statistics To Show To Anyone Who Believes That America Has A Bright Economic Future

    01/12/2012 3:14:37 PM PST · by SeekAndFind · 26 replies
    The Economic Collapse ^ | 01/12/2012 | Michael Snyder
    Beware of bubbles of false hope. Right now there is a lot of talk about how the U.S. economy is improving, but it is all a lie. The mainstream media can be very seductive. When you sit down to watch television your brain tends to go into a very relaxed mode. In such a state, it becomes easy to slip thoughts and ideas past your defenses. Sometimes when I am watching television I realize what the media is trying to do and yet I can still feel it happening to me. In this day and age, it is absolutely...
  • How To Prepare For The Difficult Years Ahead

    01/10/2012 11:28:44 AM PST · by blam · 77 replies · 1+ views
    TEC ^ | 1-10-2011 | Michael Snyder
    How To Prepare For The Difficult Years AheadMichael SnyderJanuary10, 2012 How should people prepare for the difficult years that are coming? I get asked about that a lot. Once people really examine the facts, it is not too hard to convince them that an economic collapse is coming. But once they accept that reality, most of them want to know what they can do to prepare themselves and their families for the hard times that are ahead. Well, the truth is that it does not have to be complicated. Many of the things discussed throughout this article are things that...
  • Triple Lutz Report--Imminent Economic Collapse? War with Iran-Russia-China?

    01/09/2012 10:04:56 AM PST · by appeal2 · 4 replies
    www.KerryLutz.com ^ | 01/09/12 | Kerry Lutz
    Cyrus a devoted listener to the Financial Survival Network asked several questions. And this is one of the great things about doing a show, listener feedback. Have you wondered what the US will look like if there’s a complete economic meltdown? Or how much longer it will take? What about the government’s willingness to bring on a false flag attack to justify going to war once again? And if that war does come to pass, will it be a World War or just another case of military adventurism? These are all important questions for which you will receive my opinions....
  • The Real Crisis That Will Soon Hit the US

    02/19/2011 6:13:52 AM PST · by HangnJudge · 183 replies
    ZeroHedge ^ | 2/18/11 | Phoenix Capital Research
    Forget stocks, the real crisis is coming… and it’s coming fast.   Indeed, it first hit in 2008 though it was almost entirely off the radar of the American public. While all eyes were glued to the carnage in the stock market and brokerage account balances, a far more serious crisis began to unfold rocking 30 countries around the globe.   I’m talking about food shortages.   Aside from a few rice shortages that were induced by export restrictions in Asia, food received little or no coverage from the financial media in 2008. Yet, food shortages started riots in over...
  • Philly Fed Confirms Margin Death Knell: Prices Paid Less Prices Received Highest Since 1979

    02/17/2011 10:37:27 AM PST · by FromLori · 9 replies · 1+ views
    ZeroHedge | 2/17/2011 | Tyler Durden
    The Philly Fed Current Business Outlook Survey came out at a print of 35.9 compared to 19.3 before, and expectations of 21.0. This print is the highest reading since January 2004. Yet the only component metric that matters is, you guessed it, the Prices Paid index, which came at a ridiculous 67.2 from 54.3 previously! The prices paid index, which increased 13 points in February, has now increased 55 points over the past five months. And confirming the crush in margins was the in the prices received index which tacked on a barely notable 3.9 points to 21. The Prices...
  • Prepare your portfolio for World War III, says Marc Faber

    02/03/2011 11:01:49 AM PST · by Fred · 68 replies · 2+ views
    Money Week ^ | 020311 | James McKeigue
    If you "want to be hedged for complete disaster – World War III… you are better off in commodity-related investments", says Marc Faber in the latest issue of US financial paper Barron's. That might seem drastic. But Faber is convinced that China's rise, and its diminishing dependence on America, means that "eventually, we will have a war, big time".
  • Housing Armageddon: We Are In The Midst Of The Worst Housing Collapse In U.S. History

    02/02/2011 7:22:53 AM PST · by blam · 81 replies
    Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In U.S. History2-2-2011 We are officially in the middle of the worst housing collapse in U.S. history - and unfortunately it is going to get even worse. Already, U.S. housing prices have fallen further during this economic downturn (26 percent), then they did during the Great Depression (25.9 percent). Approximately 11 percent of all homes in the United States are currently standing empty. In fact, there are many new housing developments across the U.S. that resemble little more than ghost towns because foreclosures...
  • America: Only Two More Years?

    01/19/2011 10:41:14 AM PST · by Red Badger · 29 replies
    www.thetrumpet.com ^ | From the February 2011 Trumpet Print Edition | By Robert Morley
    Don’t ignore the warnings! Keen observers say debt-addicted America
is about to learn some tough lessons from bygone empires. Two years. That is how much time America has to fix its problems—or risk sudden collapse. This is the startling conclusion of Harvard historian Niall Ferguson. And that was six months ago. The world has witnessed what happens when investors lose faith in a country’s fiscal policy, he says. Just look at Greece. Is it possible that the richest, most powerful country in the world could realistically face sudden collapse? After all, America isn’t Greece. But that is just the problem. America...
  • Son of Subprime (the upcoming Muni bond debacle)

    12/28/2010 5:30:25 PM PST · by dennisw · 7 replies · 1+ views
    dailyreckoning ^ | 08/02/10 | Addison Wiggin
    Son of Subprime By Addison Wiggin   In 2007, the writing was on the wall. The famous “perfect storm” had gathered above the US housing market, its eye hovering over subprime loans. As you know, the storm came…and it rained, and rained, and rained… Ultimately, it washed away trillions of dollars in investor wealth.Now in an entirely different sector – probably the last place you’d look – the clouds are turning black once again. Strip out the finer details, and you’ll find the very same mechanics that brought the subprime market from boom to bust: Widespread investor acceptanceComplicated derivativesIntense...
  • Signs Hyperinflation Is Arriving

    10/30/2010 5:58:05 PM PDT · by blam · 43 replies · 1+ views
    The Market Oracle ^ | 10-30-2010 | Gonzalo Lira
    Signs Hyperinflation Is Arriving Economics / HyperInflation Oct 30, 2010 - 10:18 AM By: Gonzalo Lira Back in late August, I argued that hyperinflation would be triggered by a run on Treasury bonds. I described how such a run might happen, and argued that if Treasuries were no longer considered safe, then commodities would become the store of value. Such a run on commodities, I further argued, would inevitably lead to price increases and a rise in the Consumer Price Index, which would initially be interpreted by the Federal Reserve, the Federal government, as well as the commentariat, as a...
  • The Recession Is Over, Welcome To The Depression

    08/25/2010 8:04:37 AM PDT · by louscat · 53 replies
    The Financial Physician ^ | August 25, 2010 | Lou Scatigna
    Recent economic numbers reflect serious problems with the U.S. economy. On Tuesday the National Association Of Realtors announced the largest drop in existing home sales since 1968 when they began to keep such records. This happened in one of the stronger months for home sales, and with deflated prices and record low mortgage rates. So why did home sales drop so much in July? Well part of it was demand pushed forward to get the government bribe in the form of the $8,000 or $6,500 tax credit. But the main reason home sales plunged is because Americans have no confidence...
  • Is a (Stock Market) Crash Coming? Ten Reasons to Be Cautious

    08/13/2010 10:16:20 AM PDT · by Zakeet · 31 replies
    Wall Street Journal ^ | August 13, 2010 | Brett Arends
    Could Wall Street be about to crash again? This week's bone-rattlers may be making you wonder. I don't make predictions. That's a sucker's game. And I'm certainly not doing so now. But way too many people are way too complacent this summer. Here are 10 reasons to watch out. 1. The market is already expensive. Stocks are about 20 times cyclically-adjusted earnings, according to data compiled by Yale University economics professor Robert Shiller. That's well above average, which, historically, has been about 16. ... 2. The Fed is getting nervous. ... 3. Too many people are too bullish. ... 4....
  • Climatologist Warns Of Second Dust Bowl In Growing Southwest Desert

    08/13/2010 11:45:20 AM PDT · by blam · 38 replies
    The Business Insider ^ | 8-13-2010 | Gus Lubin
    Climatologist Warns Of Second Dust Bowl In Growing Southwest Desert Gus Lubin Aug. 13, 2010, 11:43 AM A climatologist at Columbia University says the Southwest looks forward to "permanent drought" conditions on par with the Dust Bowl of the 1930s. Arizona was already an arid and hot, but here's how Professor Richard Seager says it will get worse. Grist: A critical player in this drying cycle is the planetary-scale circulation system known as the Hadley cell... The Hadley cell is growing. Its expansion above a larger swath of the American Southwest, along with a shifting of the jet stream and...
  • Crisis Watch: Here's What You Need to Own (time to get liquid)

    08/12/2010 3:23:47 PM PDT · by dennisw · 28 replies
    growthstockwire ^ | August 12, 2010 | By Jeff Clark
    It's time to get liquid. Yesterday, the Fed announced plans for "QE2" – Quantitative Easing, the sequel. It'll be using the principal payments from its mortgage-backed securities to buy Treasury Bonds. In other words, the Fed will be both selling and buying T-Bonds. In more words... the fed will be monetizing debt. This is a big, BIG deal. The market seemed to ignore the potential effects on Tuesday. But it looked like investors finally got the picture yesterday, when the market spent most of the trading session down more than 2%. It's a big deal because the Fed is basically...
  • REMEMBER: In 1930, They Didn't Know It Was "The Great Depression" Yet

    08/11/2010 8:05:33 AM PDT · by blam · 29 replies · 2+ views
    The Business Insider ^ | 8-11-2010 | Henry Blodget
    REMEMBER: In 1930, They Didn't Know It Was "The Great Depression" Yet Henry Blodget Aug. 11, 2010, 10:21 AM In the past year, we've written a lot about the similarity between the rally of early 1930 and the one we had through April of this year. The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring 1930 rally took the market up nearly 50% again, to a level that was only about 20% below the previous peak. That rally, of course, was also the biggest sucker's rally in history. After the...
  • John Hussman: It's Official, The Data Says Another Recession Is Coming

    06/28/2010 10:47:11 AM PDT · by blam · 32 replies
    The Business Insider ^ | 6-28-2010 | Joe Weisenthal
    John Hussman: It's Official, The Data Says Another Recession Is Coming Joe Weisenthal Jun. 28, 2010, 12:48 PM Fund manager John Hussman (via PragCap), who's been bearish for awhile, says it's now clear that a double-dip is coming. Based on evidence that has always and only been observed during or immediately prior to U.S. recessions, the U.S. economy appears headed into a second leg of an unusually challenging downturn. A few weeks ago, I noted that our recession warning composite was on the brink of a signal that has always and only occurred during or immediately prior to U.S. recessions,...
  • Why This Chart May Spell Doom For The U.S. Economy

    06/30/2010 2:36:11 PM PDT · by blam · 8 replies
    The Business Insider ^ | 6-30-2010 | Gregory White
    Why This Chart May Spell Doom For The U.S. Economy Gregory White Jun. 30, 2010, 5:18 PM Deutsche Bank is particularly concerned about this chart, the US MPF FCI (United States Monetary Policy Forum Financial Conditions Index), because this chart typically is at these levels during a recession or right before one. It has, in the past, predicted recessions. But it has also been wrong, notably in 1994, 1995, and 2003, according to Deutsche Bank. The longer the index is lower, however, the more likely it will have an impact on GDP. And its impact on GDP tends to be...
  • Prepare NOW: They "Get It"

    06/05/2010 12:06:38 PM PDT · by blam · 62 replies · 2,102+ views
    The Markrt Ticker ^ | 6-5-2010 | Karl Denninger
    Prepare NOW: They "Get It"Saturday, June 5. 2010 Posted by Karl Denninger in International at 12:14 Anyone who doesn't believe that "they" (the powers that be) "get it" at this point needs to remove their head from their ass: G-20 central bankers and finance ministers agreed in a joint statement today that “within their capacity, countries will expand domestic sources of growth.” At the same time, European Central Bank President Jean-Claude Trichet told reporters that Europe’s best contribution to the global rebound is to achieve fiscal sustainability. Those two are polar opposites. You just heard Trichet admit that what everyone...
  • U.S. Housing, Real Estate, Credit Bubble Deflation, 5 More Years of Financial Hell

    06/04/2010 9:18:50 AM PDT · by An Old Man · 12 replies · 873+ views
    The Market Oracle ^ | Jun 01, 2010 | Steve_Moyer
    Anyway, I write today's update because the worst of it is dead ahead and we care greatly about the finances of our readership. Scores of you have written to tell us how much you've saved selling important assets before their respective markets tanked (or by waiting to buy until prices were lower), and believe me when I say we have taken those stories to heart. That's the main reason you'll continue to get trusty asset and credit deflation updates from us from time to time. Meanwhile, it pains me greatly to write this one, but I suppose every cancer patient...
  • Now Everyone Thinks The Market's Going To Crash

    05/30/2010 3:55:39 PM PDT · by blam · 49 replies · 1,984+ views
    The Business Insider ^ | 5-303-210 | Henry Blodget
    Now Everyone Thinks The Market's Going To Crash Henry Blodget May 30, 2010, 10:23 AM A month ago, with the market charging ever higher, climbing the "wall of worry," most bearish voices had been silenced. Now they're back with a vengeance. (Why? Because, as we saw clearly at the depths of the market crash 15 months ago, what most people expect the market will do in the future is what the market has done in the recent past. The most recent past is a month in which the market has fallen more than 10%. So more people are getting bearish....
  • This Bear Market Is Nowhere Near A "Buying Opportunity," Says Rosenberg

    05/31/2010 11:06:06 AM PDT · by blam · 8 replies · 688+ views
    The Business Insider ^ | 5-31-2010 | Henry Blodget
    This Bear Market Is Nowhere Near A "Buying Opportunity," Says Rosenberg Henry Blodget May 31, 2010, 11:13 AM Some not-so-fun facts from David Rosenberg of Gluskin Sheff: We went back to the history books and found that at fundamental lows in the S&P 500, whether they be in real bear markets or in severe corrections in a bull market, the index bottoms when it gets 13% below the 50-day moving average and 24% below the 200-day moving average. As of Friday’s close, we are talking about a market that is barely below the 50-day m.a. now and 5% below the...
  • Hedgeye CEO Keith McCullough: The U.S. Collapse Will Follow Europe's, And Bernanke Will Be Fired

    05/28/2010 7:32:57 AM PDT · by TigerLikesRooster · 11 replies · 656+ views
    Business Insider ^ | 05/27/10 | Kamelia Angelova
    Hedgeye CEO Keith McCullough: The U.S. Collapse Will Follow Europe's, And Bernanke Will Be Fired Kamelia Angelova | May 27, 2010, 11:15 AM | 3,635 | comment 20 The domino effect of debt maturity is coming to America, says Keith McCullough, CEO of Hedgeye Risk Management. "The U.S. is on the road to perdition and it is not going to end well." "When you burn your currency, you promote inflation and you enrage your citizens," says McCullough. He says that Ben Bernanke will soon be voted out for his excess borrowing policies and failure to deliver on promises to cut...
  • 2010 & 2011 predictions: Pray hard that these are wrong

    05/20/2010 7:35:12 AM PDT · by Neville72 · 71 replies · 3,090+ views
    Vanity | 5/20/2010 | Neville72
    Bob Chapman First 6 months of 2010, Americans will continue to live in the 'unreality'…the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications …(source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street believes there is a 100% chance of crash in bond...
  • Predictions For The Rest Of 2010

    05/19/2010 2:10:26 PM PDT · by GiovannaNicoletta · 29 replies · 1,171+ views
    GiveUsLiberty1776Blogspot | May 18, 2010 | Give Us Liberty
    Bob Chapman First 6 months of 2010, Americans will continue to live in the 'unreality'…the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications …(source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street believes there is a 100% chance of crash in bond...
  • Another 'Freefall' to Push Dow Below 5000: Strategist

    05/18/2010 2:59:26 PM PDT · by Kartographer · 20 replies · 1,099+ views
    CNBC ^ | 5/13/10 | JeeYeon Park
    The CBOE volatility index, widely considered the best gauge of fear in the market, is trading above 25 Thursday. Is this volatility good for the market? James Hardesty, president, market strategist and chief economist at Hardesty Capital Management and David Hefty, CEO of Cornerstone Wealth Management shared their insights. “It undermines investor confidence and confidence is important in pushing this market higher,” Hardesty told CNBC.
  • Stock Market Historic Crash, A Warning Shot Across Our Collective Bow

    05/17/2010 2:55:55 PM PDT · by blam · 21 replies · 1,439+ views
    The Market Oracle ^ | 5-17-2010 | Captain Hook
    Stock Market Historic Crash, A Warning Shot Across Our Collective Bow Stock-Markets / Financial Crash May 17, 2010 - 11:41 AM By: Captain Hook That’s the way you should view yesterday’s historic crash, witnessing the largest single day point swings in history. You should view it as a warning shot across your bow, because most market participants will stay in the stock market until it’s too late. Then, when the real panic starts, a lasting panic with no recovery like yesterday, they will freeze like deer in the headlights, and it will be all over but the crying as stocks...
  • Markets Sell Off HARD -- Here's What You Need To Know

    05/13/2010 1:57:22 PM PDT · by blam · 28 replies · 1,265+ views
    The Business Insider ^ | 5-13-2010 | Joe Weisenthal
    Markets Sell Off HARD -- Here's What You Need To Know Joe Weisenthal May. 13, 2010, 4:00 PM First the scoreboard: Dow: -115 S&P: -13 NASDAQ: -31 And now some key stories: * Violence broke out big-time in Bangkok today, a place once thought to be a bastion of stability in the hot-growing region. * Networker Cisco fell hard after reporting decent earnings after the bell last night. That paced the big losing index, the NASDAQ. * Gold finally took a breather, while oil fell to $74.40. * A key amendment to the financial reform bill was passed that will...
  • The U.S. Government Is About To Get Hit With 'The Perfect Storm' Of Debt

    05/12/2010 1:45:44 PM PDT · by blam · 21 replies · 1,295+ views
    The Business Insider ^ | 5-12-2010 | Casey Research
    The U.S. Government Is About To Get Hit With 'The Perfect Storm' Of Debt Casey Research May. 12, 2010, 3:32 PM(This post by Chris Wood, Jake Weber, and Vedran Vuk originally appeared at The Casey Report) Hearing President Obama’s economic peptalks, you might be under the impression that the U.S. needs to keep spending for just a little while longer to stimulate the economy – but then will swear off big deficits. Reinforcing the point, to address concerns stirred by a Congressional Budget Office (CBO) forecast that the U.S. government will accumulate total deficits in excess of $6 trillion over...
  • Gerald Celente Holds to Prediction of 2010 Collapse

    05/07/2010 1:25:32 PM PDT · by unspun · 36 replies · 1,551+ views
    Investigating Obama ^ | 5/7/2010 | Arlen Williams
    If you have read the "Essential Articles" in the I.O. Sidebar, you may have an idea of where he is coming from. Video: "Gerald Celente: Wall Street Fall, Dow Jones collapse, 2010 global crash" It's not one guy making a little mistake. No. The system is so rigged -- this is what we're trying to say. When things are going on that people have no idea about. Oh, they call it a "fat finger that hit a 'B' instead of an 'M,'" come on, you know, let's grow up about this. It's bigger than that. The systems are collapsing. And...
  • 20 Things You Will Need To Survive When The Economy Collapses And The Next Great Depression Begins

    20 Things You Will Need To Survive When The Economy Collapses And The Next Great Depression Begins Michael Snyder May. 7, 2010, 10:26 AM (This is a guest post from The Economic Collapse Blog.) Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another Great Depression. But only a small percentage of those same people are prepared for that to happen. The sad truth is that the vast majority of Americans would last little more than a month on what they have stored...
  • Sovereign Debt Crisis Dominos Are Lining Up to Collapse

    05/02/2010 5:47:46 PM PDT · by blam · 31 replies · 1,728+ views
    The Market Oracle ^ | 5-2-2010 | Bryan Rich
    Sovereign Debt Crisis Dominos Are Lining Up to Collapse Interest-Rates / Global Debt Crisis May 02, 2010 - 07:32 AM By: Bryan Rich Boy, what a week! I’ve been warning about a troubled euro and a building sovereign debt crisis for some time. And the bond and currency market activities this past week are a clear example that the momentum is picking up. There’s a bumpy road ahead … and not just for Greece. For those of you who aren’t closely monitoring this drama in Europe, you should be. As I’ve explained in recent Money and Markets columns, the events...
  • The US could be facing more of a downturn than a recovery

    04/25/2010 5:13:18 PM PDT · by luv2ndamend · 23 replies · 1,154+ views
    http://www.brookesnews.com ^ | Monday 26 April 2010 | Gerry Jackson
    All is well. Reuters declared that the US is experiencing a "sturdy recovery". This is the same phony news agency that used to choke on the word recovery when used by the Bush administration. Now some American conservatives are warning that Republicans are being dangerously bearish on the economy, that there are signs, weak as they are, that a recovery is underway. Matthew Continetti of the conservative Weekly Standard states that the "natural tendency of economies is to grow". Nevertheless, he seriously questions whether Obama would now benefit from a recovery. Unfortunately most conservatives remain as uninformed about economic history...
  • The Distressing Gap Between New Home Sales and Existing Home Sales

    04/24/2010 5:58:46 PM PDT · by blam · 21 replies · 1,287+ views
    The Business Insider ^ | 4-24-2010 | Calculated Risk
    The Distressing Gap Between New Home Sales and Existing Home Sales Calculated Risk Apr. 24, 2010, 7:58 AM First a comment on the seasonal adjustment ... on a Not Seasonally Adjusted (NSA) basis, the Census Bureau reported there were 38,000 new homes sold in March. That is up from 31,000 in March 2009. Some (or all) of the increase was due to a one time event - the tax credit that expires in April. The Census Bureau doesn't know the number of homes sold due to the tax credit, so they report the Seasonally Adjusted Annual Rate (SAAR) assuming this...
  • Market Manipulation And Delusions Of Prosperity

    04/22/2010 5:05:12 PM PDT · by blam · 5 replies · 441+ views
    The Daily Reckoning ^ | 4-22-1010 | The Mogambo Guru
    Market Manipulation And Delusions Of Prosperity By The Mogambo Guru 04/22/10 Tampa, Florida – It was too late that I remembered that having margaritas for lunch was a bad idea, and I was now sleepy and argumentative, my eyelids drooping, when my eyes suddenly few open when I read the Bloomberg headline, “Leading Economic Indicators Index in US Rose 1.4% in March”. Wow! Bloomberg said, “The 1.4 percent increase in the New York-based Conference Board’s measure of the outlook for three to six months was more than anticipated” which would seem to be an understatement of the first order! Wow!...
  • The Great Correction…Still Pending

    04/07/2010 6:05:55 AM PDT · by blam · 42 replies · 1,246+ views
    The Daily Reckoning ^ | 4-6-2010 | Bill Bonner
    The Great Correction…Still Pending By Bill Bonner 04/06/10 Baltimore, Maryland – For more than a year, the “recovery” bounce in the stock market has refused to give up. The indexes have recovered more than 50% of what was lost. Technically, they look pretty good. What’s more, the S&P sells at more than 21 times normalized earnings, according to Robert Shiller’s latest tally. It seems like nothing can stop stocks now. Then there’s the Treasury market. Overall, yields remain remarkably low. It is almost as if Treasury buyers are unaware that they are being asked to finance the biggest increase in...
  • Corporate Debt Coming Due May Squeeze Credit (Potential Financial Doomsday Looms)

    03/16/2010 7:36:13 AM PDT · by SeekAndFind · 3 replies · 422+ views
    New York Times ^ | 03/16/2010 | Nelson Schwartz
    When the Mayans envisioned the world coming to an end in 2012 — at least in the Hollywood telling — they didn’t count junk bonds among the perils that would lead to worldwide disaster. Maybe they should have, because 2012 also is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets. With huge bills about to hit corporations and the federal government around the same time, the worry is that some companies will have trouble getting...
  • Welcome to the United States of Iceland

    03/15/2010 3:05:20 PM PDT · by Kartographer · 12 replies · 402+ views
    CNNMoney/Fortune ^ | 3/11/10 | Paul Smalera
    It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own. An Icelandic savings bank, Icesave, had attracted billions in deposits from hundreds of thousands of British and Dutch citizens, due to the phenomenally high interest rates it offered. Icesave collapsed in 2008, for much the same reason Lehman Brothers, WaMu, and hundreds of local savings banks did: its bankers used their cash to make complicated, bad, leveraged investments, mostly on real estate.
  • Faber and Mish: We're Doomed and Washington Can't Do Anything About It

    03/15/2010 3:09:45 PM PDT · by Kartographer · 14 replies · 920+ views
    YahooFinance/TechTicker ^ | 3/12/10 | Henry Blodget
    Washington is patting itself on the back for having orchestrated an amazing economic recovery. But Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike "Mish" Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively. The economy is NOT recovering, they say, and the U.S. faces a depressing "eventuality" of either crushing deflation (Shedlock) or runaway inflation (Faber). The timing and type of this eventuality is uncertain, say the gurus, but they are certain it's too late for America to change course. "It's beyond repair -- it's too late,"...
  • 14 Facts About The Federal Deficit That Will Blow Your Mind

    03/15/2010 3:28:45 PM PDT · by george76 · 19 replies · 1,357+ views
    Business Insider ^ | Mar. 15, 2010 | Michael Snyder |
    The U.S. government is currently creating one of the most colossal monuments in the history of the world. It is the U.S. national debt, and it threatens to literally destroy the American way of life.For decades now, this generation has been recklessly spending the money of future generations and has been convinced that they have been getting away with it. Americans have been enjoying an obscenely high standard of living, but the party is almost over and the day of reckoning is fast approaching. It has been a great party, but it was fueled by the biggest mountain of debt...
  • New round of foreclosures threatens housing market

    03/12/2010 6:50:52 AM PST · by TigerLikesRooster · 19 replies · 750+ views
    WP ^ | 03/12/10 | Renae Merle
    New round of foreclosures threatens housing market By Renae Merle Washington Post Staff Writer Friday, March 12, 2010; A01 The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize. About 5 million to 7 million properties are potentially eligible for foreclosure but have not yet been repossessed and put up for sale. Some economists project it could take nearly three years before all these homes have been put...