What has been happening on Wall Street the past few days has been nothing short of stunning. By Michael Snyder On Thursday, the Dow Jones Industrial Average plummeted 358 points. It was the largest single day decline in a year and a half, and investors are starting to panic. Overall, the Dow is now down … Continue reading
By Thorsten Polleit The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the … Continue reading
Peter Schiff, the CEO of Euro Pacific Capital, is warning that there is an impending U.S. dollar collapse and economic collapse on the horizon that should be getting a lot more attention, and not China’s recent currency devaluation. In a recent interview with Alex Jones on Infowars, Schiff breaks down what he thinks will cause the up and coming … Continue reading
Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year. By Michael Snyder If you are not familiar with Gerald Celente, he is one of the most highly respected trends forecasters in the entire … Continue reading
The list of nations around the globe that have collapsing economies just continues to grow. By Michael Snyder In recent weeks I have written about the ongoing saga in Greece, the stock market crash in China, the debt crisis in Puerto Rico and the economic meltdown in South America. But there are more economic flashpoints … Continue reading
The month of August sure has started off with a bang. Tech stocks are crashing, oil is crashing, industrial commodities are crashing, Greek stocks crashed the moment that the Greek stock market reopened for trading, and Chinese stocks continue to crash. By Michael Snyder At this point we have not seen a broad crash of … Continue reading
By Charles Hugh Smith You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean? It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are … Continue reading
By Nafis Alam More turbulence on the Chinese stock market highlights just some of the challenges facing the world’s second-largest economy. Following losses of US$3 trillion in the three weeks from mid-June, the Shanghai Composite has since recorded its biggest one-day fall for more than eight years. It’s clear that regulatory reform is needed in the … Continue reading
Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear. Last Monday, the index was sitting at a reading of 36. As I … Continue reading
A quest by Chinese authorities’ to curb a market selloff seen since mid-June took a major hit on Monday as the Shanghai Composite Index and Shenzhen CSI 300 Index plunged 8.5 percent, which was the worst daily loss since February 2007. But the losses could get worse. Chinese stock markets will continue to see ‘relentless selling’ which is likely … Continue reading