"Worst since Great Recession"
Submitted by gjohnsit on Fri, 01/15/2016 - 10:30amThat's what a lot of the economic headlines say today.
Empire Fed report: worst since Lehman
Retail Sales: worst since 2009
That's what a lot of the economic headlines say today.
Empire Fed report: worst since Lehman
Retail Sales: worst since 2009
Imagine for a moment that some salesman offered you a deal.
They are willing to let you loan them money, and would only charge you a nominal fee plus a small rate of interest for the transaction.
In a sane world your answer would either be either, "Uh, no" or you would laugh in their face, depending on your mood at the time.
Pay to loan money?!? That's insane. Not just insane, illogical.
The 1848 Revolution
"We are sleeping together on a volcano . . . A wind of revolution blows, the storm is on the horizon."
- Alexis de Tocqueville
The worst oil price rout since 1986 is beginning to claim victims in the shale oil patch, and now its every man for himself.
On June 24, 1982, four bank examiners from the Federal Reserve Bank of Kansas City walked into the rear of a small shopping mall in Oklahoma City.
This unlikely location marks the start of a series of events that nearly brought us to the brink of a global economic collapse and a second Great Depression.
What sort of "recovery" is this?
Willem Buiter, Citigroup chief economist, is concerned. He sees a 55% chance of a global recession in the near future because of China.
There is a systemic and fundamental change going on in the global economy and it's time to pay attention.
With our economy and financial media engineered toward consumption, falling commodity prices generally don't register for most Americans. However, there are significant shocks from a collapsing commodity market that need to be recognized as non-negligible.
The headline economic numbers are far better now than in 2008-2009. The unemployment rate, the GDP, the national deficit, the stock market, etc. have all improved.
Yet many of us can't shake the feeling that things are still stuck in 2008. Well, you aren't crazy.
Many areas of the economy have never recovered from the 2008, and some are even worse today.
Things are beginning to happen in the markets. People in the know can sense a change in the wind. Those people in the know are predators on Wall Street and they are prepared to pounce on their traditional prey - retail investors.