ECONOMY
The “Godzilla El Niño” That Has Now Begun Could Do Trillions Of Dollars Of Damage To The Global Economy
A very intense El Niño has formed in the equatorial waters of the Pacific Ocean much earlier than originally anticipated, and we are being warned that it could cause trillions of dollars of damage to the global economy. Considering everything else that is going on in our world right now, […]
The Magnitude of the Numbers Is just Mindboggling: 12 U.S. Companies, $30 Trillion
But if they pop: There are only so many trillions that can vanish from portfolios before it triggers a recession. Trillions of dollars fly by so fast they’re hard to see. By now, 11 US companies have a market value of $1 trillion or more. Combined, they have a market […]
New Home Sales Decline 6.2 Percent, Pressure on Builders to Lower Prices
Sales are mostly stable in a broad range, but inventories are rising and consumer sentiment souring. The Census Department New Residential Sales report for April 2026 shows a 6.2 percent decline in sales. New Home Sales For Sale Inventory and Months’ Supply Sales Price General Comments The margin of error in these […]
Will Trump’s Face Be on a New $250 Bill This Year? Ever?
Treasury Secretary Scott Bessent says preparations are underway. Preparations Underway Please note US Treasury secretary confirms plans for $250 bill featuring Trump’s face US Secretary of the Treasury Scott Bessent says preparations are under way to print a new $250 banknote featuring President Donald Trump’s face, with lawmakers to decide whether […]
$250 Oil & 11% Inflation, Worst Case in 2026 – Ed Dowd
Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned at the beginning of April that the economy was already rolling over. He said “Private Credit Problems are Ending the Party.” Just 10 days ago, Black Rock and other firms with so-called private credit are locking up investors’ cash because of a […]
Shortages And Rationing Loom As Global Oil Reserves Fall At The Fastest Rate In History
No matter what happens now, the world is facing a very painful energy crisis. Let’s be as wildly optimistic as we possibly can and assume that Iran agrees to allow free passage through the Strait of Hormuz with absolutely no tolls or restrictions starting tomorrow. Before normal traffic through the […]
NY Fed: 14% of US Households Experience Food Insecurity
The government keeps telling people the economy is strong because the stock market keeps making new highs. That is the great deception behind every bubble throughout history. Wall Street is not Main Street. You can have record highs in financial assets while society underneath is quietly rotting in real time. […]
Inflation Is Not Going Away
The latest PCE inflation report confirmed exactly what I have warned. Inflation was never “transitory,” and the Federal Reserve has completely lost control of the narrative. The Fed’s preferred inflation gauge, core PCE, rose 3.3% annually in April, up from 3.2% in March and well above the Fed’s mythical 2% […]
99 Percent Of CEOs Are Planning AI Job Cuts, And The Gap Between The Rich And The Poor Just Continues To Explode
Our economy is being transformed at a faster pace than we have ever experienced before. Thanks to giant leaps in the field of artificial intelligence, human labor is not as valuable as it once was. All over the world, millions of human workers are being replaced and that trend is […]
American Consumer Confidence Cracks as the War Cycle Intensifies
Consumer sentiment has fallen to the lowest level ever recorded since the University of Michigan began tracking the data in 1952. The index declined to 44.8 in May as Americans increasingly fear inflation, rising fuel costs, and economic instability tied directly to the expanding conflict with Iran. This is precisely […]
