|Tuesday, October 17, 2017
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Economy

$2.5 Trillion in Wealth Has Vanished since Monday

The financial markets are in chaos… Chinese stocks crashed again last night, dropping 7% in less than an hour. The Shanghai Composite Index is now down 11.7% this week, and 40% since peaking last June. For the second time this week, China’s stock exchange completely shut down. As Dispatch readers know, China put new “circuit breaker” rules in place that shut down the exchange if stocks drop too quickly. ...Read full article...

The U.S. stock market is rotting from the inside

U.S. stocks have opened the year with a flop. Yesterday, the S&P 500 fell 1.5%. The Dow Jones Industrial Average fell 1.6%. At one point, the Dow was down 2.7%, which would have been its worst opening day since 1932. All 10 sectors in the S&P 500 dropped yesterday. Financial and health stocks were the biggest losers, dropping more than 1.9% each. And 39 stocks hit new 52-week lows ...Read full article...

New Year Market Turmoil

Will 2016 be the year the artificially stimulated US economic house of cards collapses? It’s long overdue. What can’t go on forever, won’t. Markets levitate only for so long. Day of reckoning time inevitably arrives. Fed money printing madness turned Wall Street into a casino – high risk for ordinary people wanting their savings protected along with a reasonable return. Former Reagan administration Office of Management and Budget director ...Read full article...

Brazil’s Economic Debacle

This is what The Economist magazine did not say in its simplistic and reductionist report. In one of many interviews, Oscar-winning producer Brian Grazer said that a person must “know the weeds, to have lived in them”. Grazer meant that a person wouldn’t want to get involved in something which he had not enough knowledge about. Even though Grazer was explaining his view as to how to become a delegator, ...Read full article...

Federal Reserve “Rate Hike” facilitates the Looting by the One Percent

The Federal Reserve raised the interbank borrowing rate today by one-quarter of one percent or 25 basis points. Readers are asking, “what does that mean?” It means that the Fed has had time to figure out that the effect of the small “rate hike” would essentially be zero. In other words, the small increase in the target rate from a range of 0 to 0.25% to 0.25 to 0.50% ...Read full article...

The U.S. Stock Market Is Rotting from the Inside

One of the world’s most important markets continues to flash danger signs… Regular readers know we keep close tabs on the bond market. The bond market is where individuals, companies, and governments go to borrow money. The U.S. bond market is about twice as large as the U.S. stock market. That’s one reason the bond market can signal trouble before the stock market. •  The junk bond market is where ...Read full article...

Are You Safe from the War on Cash?

Governments are waging a war on cash as part of their total control agenda. Although you won’t hear it in the mainstream media, many world governments want to eliminate paper cash. Governments hate paper cash because it’s hard to track. Electronic payments through banks are much easier to monitor and record. Nick Giambruno, editor of Crisis Speculator, has been following this trend closely. The War on Cash is a favorite ...Read full article...

War always begins with Economic Sanctions

Economic sanctions are historically the last step before war ensues. Roosevelt turned from sanctions toward embargoes against Japan before WWII and later carried out full military attacks against “America’s enemies”. Japan depended relied heavily on American oil and metals to maintain its war in China, yet, the United States embargoed Japanese access to gasoline for its aviation. Further sanctions materialized when the United States expand its embargo to include tools, iron, steel, copper ...Read full article...

Junk Bond Market: The Biggest Red Flag since the Great Recession

The junk bond market continues to show signs of cracking… For months now, we’ve pointed to the decline of junk bond values as one of the biggest red flags in the entire market. The bond market is where companies, countries, and individuals go to borrow money. It’s far larger and more important than the stock market. The U.S. bond market, for instance, is about twice as large as the U.S. ...Read full article...

Why Smart Money Is Dumping U.S. Stocks

Trust in US Petrodollar is rapidly coming to an end. Lack of hunger for US Stocks says so. Some of the world’s smartest investors are cutting back on U.S. stocks… On Monday, Bloomberg Business reported that hedge fund managers cut their holdings in U.S. stocks by $200 billion last quarter. These funds now hold $1.5 trillion in U.S. stocks, down from $1.7 trillion at the end of June. The list of ...Read full article...

New Socialist Government Keeps Portuguese People Under The Whip

What we are witnessing is the re-enserfment of Western peoples. The austerity imposed on the Portuguese people by the One Percent has resulted in the election of a coalition government of socialists, communists, and a “left bloc.” In the 20th century, socialism and the fear of communism humanized Europe, but beginning with Margaret Thatcher the achievements of decades of social reforms have been rolled back throughout Europe as bought-and-paid ...Read full article...

The Global Economy is in Worse Shape than You Think

Saudi Arabia is sliding toward a crisis… As you likely know, the price of oil has crashed since last summer. In June 2014, oil peaked at over $106/barrel. Today, oil trades at just $44…good for a 58% decline. The oil crash has crushed oil stocks. Exxon Mobile Corporation (XOM), America’s largest oil company, has dropped 19% since July 2014. Chevron Corporation (CVX), America’s second-largest oil company, has dropped 29% ...Read full article...

Why the U.S. Debt Ceiling is a Farce

The U.S. government just increased its credit limit… On Monday, President Obama signed a budget deal that raised the debt ceiling from $18.5 trillion to $20 trillion. In theory, the debt ceiling limits how much money the U.S. government can borrow. The debt ceiling is now twice as high as it was when Obama took office in 2008. The truth is, the debt ceiling doesn’t actually limit government spending. ...Read full article...

The Fed’s Easy Money Has Created a Takeover Mania

Instead of investing to build their businesses, companies are taking a shortcut to growth by buying other companies. The deals keep getting bigger…and one of the gravest financial warnings of 2015 keeps growing in relevance. Last month, legendary investor Carl Icahn publically warned that cheap money is fueling a bubble in dealmaking. Icahn said: …hat do with the money is almost perverse. They just go in and buy another company ...Read full article...

Oil Companies to lay off Thousands of Employees

Shock, Denial, and Panic in the Oil Sector After the initial shock, denial, panic and capitulation, oil producers, service providers, and energy investors must view the future differently based on the lower-for-longer oil price scenario, or risk their own. Investment firm Oppenheimer (OPY) said this in a recent note. The folks there must agree with us…there’s more pain ahead for the oil patch. As we’re about to explain, anyone ...Read full article...
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