How Great Is Our Economy If the Bottom 50%’s Share of the Nation’s Wealth Has Plummeted Since 2009?
By Charles Hugh Smith Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated…
Economic Collapse
10 Numbers Which Prove That The U.S. Economy Has Hit A Major Pivot Point
By Michael Snyder During the summer, many of the experts repeatedly assured us that the U.S. economy would be able to avoid a recession, but…
Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis
By Tyler Durden One month ago we warned that the toxic cocktail of Volcker-esque rates, which have pushed the average credit card APR to a…
Life In America Has Never Been More Unaffordable Than It Is Right Now
By Michael Snyder Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking…
Almost Half Of All Young Adults In The United States Are Living With Their Parents
By Michael Snyder When are we going to wake up and admit that our system is failing? If close to half of our young adults…
The Child Poverty Rate In The United States Has More Than Doubled
By Michael Snyder If you take an honest look at the numbers, the obvious conclusion is that the U.S. economy is rapidly going in the…
The Middle Class Is Increasingly Becoming “The Impoverished Class”, And The Poor Are Increasingly Being Pushed Into The Streets
By Michael Snyder America’s middle class is being systematically eviscerated. When the Federal Reserve pumped trillions of dollars into the financial system during the pandemic,…
Kyle Bass Sees Banks Losing Quarter Trillion Dollars In Coming Office Market Collapse; Morgan Stanley Sees 40% Wipeout
By Tyler Durden The panic that gripped financial markets in March over the regional bank bailout, which was in large part due to exposure to…
Will “Climate Stakeholders” Engineer an Economic Depression to Save the Planet From Global Warming?
By Igor Chudov SUMMARY: This post will attempt to understand the thinking and motivations of the World Economic Forum and its allies. They believe in…
Welcome To The Real Estate Industry Apocalypse
By Michael Snyder Higher interest rates are absolutely strangling the real estate industry, and there is no relief in sight. The sudden shift from a…
3 Reasons There’s Something Sinister With the Big Push for Electric Vehicles
By Nick Giambruno 25 refrigerators. That’s how much the additional electricity consumption per household would be if the average US home adopted electric vehicles (EVs)….
Poor Americans Skip Meals, Can’t Afford Power Bills, Miss Rent Payments, In Era Of “Bidenomics”
By Tyler Durden Amidst the chaos and disinformation being pumped out of the White House and echoed by corporate media cheerleaders, we all remember this…
A “Prolonged Freeze” Has Descended Upon The U.S. Economy
By Michael Snyder The latest numbers are horrible, and they are going to get even worse if the Federal Reserve pushes interest rates higher. We…
The Economy is about to Crash (50% Declines Coming)
By Reventure Consulting Surging interest rates have caused both Home Prices and Stock Prices to begin declining again over the last month. And they will…