economic

As Businesses Flee The Violence, Will Major U.S. Cities Be Transformed Into Economic Wastelands?

Urban communities all over the U.S. are now facing the possibility of a mass exodus of businesses, and many local leaders are freaking out because they realize what such a mass exodus will mean for their cities.  In the aftermath of George Floyd’s death, peaceful protests were held in more than 300 cities all across America, and a recent CNN poll found that 84 percent of all Americans supported those peaceful protests.  Unfortunately, rioting, looting and violence also erupted in major cities from coast to coast, and very little was done to suppress that violence.  As a result, the core areas of many of our largest cities now resemble war zones, and in the months ahead there will be a constant threat that the violence could flare up again at any time. (Read More...)

Alert! 40 Percent Of Americans Now ‘Prefer Socialism To Capitalism’

Americans are increasingly embracing socialism, and this is particularly true for young adults under the age of 30. As you will see below, four out of every ten Americans now prefer socialism to capitalism, and if current trends continue it is just a matter of time before those that prefer socialism are in the majority. Of course our society has already been very heavily socialized. We have been trained to believe that if a problem exists, then it is the job of government to fix it, and over time government on all levels of our system has just gotten bigger and bigger. But what most Americans don’t realize is that the United States never would have become an economic powerhouse without free market capitalism, and the further that we drift away from our roots the deeper that our economic problems will become. We need leaders that are willing to stand up and proudly declare that free market capitalism works incredibly well when the shackles are taken off, and that is precisely what I intend to do. (Read More...)

Housing Crash?: U.S. Existing Home Sales Fall By The Most In Six Years

Home For Sale - Public DomainWe just got more evidence that a major economic slowdown is underway here in the United States.  Existing home sales were down a whopping 7.1 percent during the month of February, and this represented the biggest decline that we have seen in six years.  This is yet another sign that we are in the early stages of a new crisis that is eerily reminiscent of what happened back in 2008.  The truth is that most U.S. consumers are tapped out, and when you are tapped out it is really hard to get a mortgage.  Banks aren’t really fond of lending money to people that can’t pay it back, and in recent years housing prices in many areas have risen to levels that are beyond the reach of most middle class families. (Read More...)

Chinese Exports Plunge 11.2 Percent As Economic Activity Continues To Collapse All Over The Planet

Cargo Ship - Public DomainIf the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing?  The Baltic Dry Index has fallen below 300 for the first time ever, and export numbers are way down for almost every major exporting nation on the entire planet.  As you will see below, this includes China.  The Chinese account for more global trade than anyone else, and so the fact that their imports and their exports are both collapsing precipitously is a huge red flag.  When less stuff is being bought and sold and shipped around the world, that tells us that the “real economy” is contracting.  Tremendous efforts are being made to try to prop up financial markets all over the globe right now, but in the end those efforts are going to prove to be rather futile.  The global economy is clearly plunging into recession, and at this point it is becoming exceedingly difficult for even the most optimistic economic analysts to deny this reality. (Read More...)

Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

Closed - Public DomainMajor retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.  As economic activity slows down and Internet retailers capture more of the market, brick and mortar retailers are cutting their losses.  This is especially true in areas that are on the lower portion of the income scale.  In impoverished urban centers all over the nation, it is not uncommon to find entire malls that have now been completely abandoned.  It has been estimated that there is about a billion square feet of retail space sitting empty in this country, and this crisis is only going to get worse as the retail apocalypse accelerates. (Read More...)

Flooding Damage From Jonas Will Cost Billions And Is Being Described As ‘Worse Than Hurricane Sandy’

Flooding - Photo by the National GuardThe economic damage done by winter storm Jonas looks like it is going to be much higher than many had originally anticipated. As you will see below, Moody’s Analytics is projecting that up to 3 billion dollars of damage has been done, and USA Today is reporting that the flooding along the New Jersey and Delaware coasts was “worse than Hurricane Sandy in 2012”. So all of those that are mocking Jonas as “just a snowstorm” don’t really understand what they are talking about. Large numbers of homes, businesses and vehicles were destroyed – especially right along the coast. This was a major disaster, and it is going to take months of work for many of the affected areas to fully recover. (Read More...)

70 Tips That Will Help You Survive What Is About To Happen To America

70 SignYou may have noticed that things are starting to get crazy. Financial markets are imploding, violent crime rates are soaring in our major cities, and we have witnessed a truly unusual series of natural disasters in recent months. War in the Middle East continues to rage out of control, and Islamic terror continues to spread all over the globe. And many believe that 2016 is going to be a year of political shaking, civil unrest, governmental crackdowns and great economic chaos in the United States. All it is going to take to plunge our society into full-blown panic mode is a major “trigger event” of some sort. Another 9/11, a new “Lehman Brothers” moment, a massive EMP burst from the sun or a historic seismic event are all examples of what this “trigger event” could look like. (Read More...)

Suicide, Crime, Unemployment And Poverty All Soar As The Economic Crisis In Alberta Accelerates

Canadian Flag - Public DomainThe nightmare that is currently unfolding up in Canada will soon be coming to the United States. When the price of oil first started crashing, most Americans and most Canadians applauded. Most people thought that lower gas prices would be really good for the economy. Well, it turns out that the exact opposite is true. Just like in the United States, the energy industry has been the primary engine for the growth of good paying jobs in Canada since the last recession. Up in Alberta, there was such a need for oil patch workers that even someone that had just recently graduated from high school could find an oil patch job that paid six figures during the boom times. Now the “boom” is turning into a “bust”, and huge numbers of those good paying jobs are being lost. As a result, suicide, crime, unemployment and poverty are all skyrocketing, and the mainstream media is telling us that “the worst is yet to come“. (Read More...)