New Survey: 69% Of U.S. CFOs Believe That A Recession Will Start “By The End Of 2020”

Throughout 2017 and most of 2018, U.S. corporate executives were generally very optimistic about the future of the economy, but now that optimism has been replaced by a deep sense of doom and gloom.  And of course there are very good reasons for all of the doom and gloom.  The trade war with China looks like it is going to last for an extended period of time, recent global manufacturing numbers have been absolutely dismal, and it is being projected that corporate earnings will be down significantly in the second quarter.  The economic environment is tough and it is rapidly getting tougher, and a brand new survey that was just released has found that 69 percent of U.S. CFOs believe that a new recession will start “by the end of 2020″… (Read More...)

For Countless Americans, Living In Their Vehicles Has Become “The New Normal”

Once again tonight, countless numbers of Americans will sleep in their vehicles, and this is a problem that is getting worse with each passing year.  According to the Department of Housing and Urban Development, the homeless population in the United States hit 552,830 in 2018, but many believe that the true number is actually a lot higher.  Because in order to accurately count the homeless you have got to find them first, and many homeless do not want to be found.  But even if the HUD figure is accurate, it is still a great national tragedy to have such a high number of homeless, and a large percentage of those homeless Americans are living in their vehicles. (Read More...)

“The Biggest Animal Disease Outbreak We’ve Ever Had On The Planet” Has Already Killed Millions – And There Is “No Way To Stop It”

We have never seen an animal disease outbreak like this before, and it is rapidly getting worse.  African Swine Fever, also referred to as “pig Ebola”, has already wiped out millions upon millions of pigs and it continues to spread to even more countries.  There is no vaccine and there is no cure, and so essentially we don’t have any way to stop this disease.  At this point, the only solution is to kill all the pigs wherever the virus is found and desperately hope that it doesn’t spread anywhere else.  But that approach clearly hasn’t been working, and according to a recent Fox News report this epidemic has now become the “biggest animal disease outbreak we’ve ever had on the planet”(Read More...)

U.S. Farms Are Facing Their Worst Crisis In A Generation – And Now Here Comes Another Monster Storm

The combination of the wettest planting season in U.S. history, a catastrophic trade war with China and economic conditions that are brutal for small farms has produced a “perfect storm” for U.S. farmers.  Farm bankruptcies have already risen to the highest level in 7 years, but many expect that they will soon surge to all-time record highs.  Due to the incredibly wet weather, millions upon millions of acres of prime U.S. farmland will not be planted with crops at all this year.  And millions of acres that do get planted will yield a lot less than usual because of the wretched conditions.  Meanwhile, the U.S. will export far less corn and soybeans than usual this year due to our trade conflicts with China and Mexico.  With much less international demand, U.S. farmers are going to have an increasingly difficult time trying to make a profit on anything they are able to grow.  In the end, thousands of farmers will not be able to recover from this crisis and will be forced out of the industry for good. (Read More...)

Due To Cataclysmic Flooding, Millions Upon Millions Of Acres Of U.S. Farmland Will Not Be Planted With Crops This Year

It looks like 2019 could be the worst year for U.S. agriculture in modern American history by a very wide margin.  As you will see below, millions upon millions of acres of U.S. farmland will go unused this year due to cataclysmic flooding.  And many of the farmers that did manage to plant crops are reporting extremely disappointing results.  The 12 month period that concluded at the end of April was the wettest 12 month period in U.S. history, and more storms just kept on coming throughout the month of May.  And now forecasters are warning of another series of storms this week, and following that it looks like a tropical storm will pummel the region.  As Bloomberg has pointed out, we have truly never seen a year like this ever before… (Read More...)

California And Nevada Have Been Hit By 240 Earthquakes Over The Last 24 Hours

The unusual shaking on the west coast continues to intensify. As you can see from this map, 240 earthquakes have struck the states of California and Nevada over the last 24 hours. Yes, the west coast gets hit by quakes every day, but this is definitely an unusually high number. Fortunately, most of the earthquakes have been very small, but a couple of them were greater than magnitude 3.0. The following comes from the Los Angeles Times(Read More...)

This Is Not “Normal”: There Have Been More Than 500 Tornadoes In The U.S. During The Last 30 Days

The mainstream media has been using the term “uncharted territory” to describe the unusual tornado outbreaks that have been happening in the middle of the country, but I don’t think that truly captures the historic nature of what we are witnessing.  Over the last 30 days, there have been more than 500 tornadoes in the United States.  That is not normal.  In fact, Tuesday was the 12th day in a row when at least eight tornadoes were spawned, and that is a new all-time record.  Community after community in the Midwest now looks like a “war zone”, and billions upon billions of dollars of damage has already been done.  But this crisis is far from over, because forecasters are telling us that more powerful storms will roar through the middle of the country on Wednesday. (Read More...)

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