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The central bank is finally admitting what most of us have known for some time now. The Fed is fueling the asset bubble and pumping a lot of money into a “booming” economy. As Bloomberg’s Richard Breslow details in
January 18, 2020 •
Economy • Views: 234
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Lost in all of the headlines about Iran and impeachment is the fact that the U.S. economic slowdown which began during the latter stages of last year appears to be accelerating. The final numbers which will tell us if we are
January 13, 2020 •
Economy • Views: 236
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More than 9,300 retail department stores have shut their doors this year. As 2020 comes at us quickly, most are expecting the retail apocalypse to drag on. While we are told consumerism and spending remains high, retail
December 27, 2019 •
Economy • Views: 340
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The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from U.S. consumers as possible. Unfortunately, it is becoming increasingly difficult to get consumers to open
November 27, 2019 •
Economy • Views: 263
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I have so many bad economic numbers to share with you that I don’t even know where to start. I had anticipated that the U.S. economic slowdown would accelerate during the fourth quarter of 2019, and that is precisely what has
November 18, 2019 •
Economy • Views: 485
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This week, the U.S. national debt reached the 23 trillion dollar mark for the first time ever. There was no fanfare, there were no politicians giving speeches about fiscal responsibility, and there has been very little national
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When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for
November 11, 2019 •
Economy • Views: 326
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The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year. It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the
November 8, 2019 •
Economy • Views: 567
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There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that
October 31, 2019 •
Economy • Views: 270
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The United States’ economic situation has been a bumpy and precarious road for the past several months. But it’s about to get even bumpier. This week’s reports will likely show that the U.S. economy is deteriorating.
October 29, 2019 •
Economy • Views: 256
