Free Republic

FELIX ZULAUF: If The Stock Market Doesn't Correct Soon, Then We Could Repeat 1987 Sam RoFebruary 14, 2013GoldMoney Foundation via YouTube One of the most striking aspects of the current bull run in the U.S. stock market is the lack of a correction (e.g. 5 percent sell-off) in months. As stocks close in on new all-time highs, even the most bullish stock market bulls are worried about this. Swiss hedge fund manager Felix Zulauf is particularly concerned, and he warns if we don't get some sort of sell-off soon, we could see a crash. He spoke with King World News'...

LIVE: Thousands Of Companies Around The World Reveal The Truth About The Economy Sam RoJanuary 31, 2013HEADS UP! The world's biggest economies are releasing their January manufacturing PMI reports. This is our live scorecard. Once again, the world will want to see if the emerging Asian economies are continuing the improvement they saw in their recent PMI reports. And they'll also want to see if Europe's manufacturing downturn is slowing. People will also want to know what's up with Japan. A political dispute with China has been a serious problem for exports. Meanwhile, new leadership has been explicit about their...

THINGS ARE GETTING WORSE: European Selloff Gathers Steam, Futures Diving More Joe Weisenthal Oct. 4, 2011, 7:47 AM After an initial bout of selling, things are getting even worse. News that authorities in France and Belgium will protect the depositors of the troubled Belgian bank Dexia is having no positive effect, as the DAX slides to its lowest level of the morning, down closer to 4%. France is off 3%. The UK's FTSE 100 is off 3.2%. US futures are also down solidly, with another big 140+ open currently anticipated by the futures market. There's a lot that investors have...

Armed Services Chairman Says Defense Cuts Will Bring Back The Draft Robert Johnson Sep. 21, 2011, 8:55 AM Chairman of the House Armed Services Committee Buck McKeon says that if agreements on spending cuts aren't reached the U.S. may reinstate the draft. “We ... need to understand what it’s going to mean to keep an all-volunteer force,” McKeon told Fox. “Do we want to reinstitute the draft? Some of the cuts we’re talking about would take over 200,000 out of end strength from our military (via The Washington Post).” The 200,000 figure was derived from the $600 billion in mandated...

Don't Blame Bush: This is Obama's Economic Depression Politics / US Politics Sep 05, 2011 - 06:50 AM By: Mike Whitney This is Barack Obama's economy now. George Bush can no longer be blamed. And if the economy dips back into recession--as it most certainly will--then that will be Obama's fault, too. Because it's Obama's fiscal policies that are driving the economy back into the ditch. This is no small matter, because Obama's failure will likely result in political change that will deliver the White House to the GOP in 2012. Then the deficit hawks will control both houses of...

The October Surprise: Is Obama About To Announce A Massive Shift Towards Cutting Taxes? Joe Weisenthal Aug. 24, 2010, 2:35 PM For some time, the Obama administration has made it pretty clear that it's got no interest in extending the Bush tax cuts, at least not for the wealthy. The line from Tim Geithner has been: the US needs to show a credible commitment towards deficit reduction. But with the yield on the 10-year dipping below 2.5%, and the market now CLEARLY more worried about a double-dip than the US debt, Geithner's justification for hiking taxes sounds silly. Barron's Steve...

20 More Signs Of A Full-On Economic Collapse Michael Snyder Jun. 9, 2010, 2:43 PM So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind. We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic...

Here’s the list: #1) 39.68 million Americans on food stamps, projections say 43 million by 2011. #2) RealtyTrac says: 367,056 foreclosures reported in March, up almost 19% from February. #3) The Mortgage Bankers Association reports more than 10 percent of U.S. homeowners missed at least one mortgage payment between January-March, a record and above the 9.1% of a year ago. #4) For the first time in modern history, banks own a greater share of residential housing than all individual Americans put together. #5) Congress is planning to quadruple oil taxes. #6) California needs “terrible cuts” to avoid complete financial disaster....

Economic Depression, Just Not That Simple By Bill Bonner 12/29/09 Ouzilly, France We are looking back at the year almost finished, and trying to figure out what lies ahead. The surprise of 2009 was that the stock market didn’t turn down again. Stocks worldwide were cut in half. Then, they bounced. A textbook, classic bounce…Normally, you’d expect the bounce to peak out after 5 or 6 months. This one hasn’t…yet. Our guess is that it will… Of course, we could be wrong… The ‘classic’ depression…a la Japan…comes about when an economy needs to make some fundamental changes. It discovers that...

The Coffin Shaped Economic Recovery Sep 29, 2009 - 04:37 AM By: Darryl_R_Schoon While often wrong, Bernanke is right about the recession. It’s almost over. But a depression is about to replace it. There has been much discussion about this recovery, whether it will be a “U”, “V” or a “W” shaped recovery. The answer is none of the above. It is going to be “C -shaped” recovery, but not as in the letter “C” but as in coffin.[snip] The current contraction is more than sufficient to do so as it is more severe than any downturn since the 1930s;...