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Economy

“Addiction to debt has left the global economy one shock away from disaster”

https://finance.yahoo.com/news/addiction-debt-left-global-economy-120000094.html This article is more of an opinion piece without much hard data so I’ll just comment on the headline instead of quoting the article. This economy is going down. Everyone can see it. Everyone knows it. It’s only a… Continue Reading…

Economy

“38% of Americans have ‘never felt more uninspired at work than they do now’”

“…The survey, conducted by Talker Research and commissioned by Life Time Work, polled 2,000 employed Americans and found that this lack of inspiration is directly impacting productivity. Another 38 percent of respondents admitted to feeling only “somewhat” productive at work,… Continue Reading…

Economy

“Record Wave of Americans Fled Big Cities for Small Ones in 2023”

“…The remote work boom that prompted Americans to flee urban areas for mountain hamlets and seaside towns during the pandemic continued at least through last year, according to University of Virginia demographer Hamilton Lombard. An estimated 291,400 people last year migrated… Continue Reading…

Economy, Stocks

“‘Millions Of Households Will Have Their Retirement & Savings Destroyed’ — Grant Cardone Foresees Devastating Stock Market Plunge Of 50%”

“Real estate investor, Grant Cardone, issued a warning on May 5th regarding the stock market, posting on X: “WARNING: Stock Market is due for 50% correction taking S&P below 2674. Tens of millions of households will have their retirement & savings… Continue Reading…

Economy

“Gen Z Sinks Deeper Into Debt”

“…The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans. The average credit-card balance for 22- to… Continue Reading…

Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

Economy

“US job openings fall to 8.5 million in March, the lowest level in more than 3 years”

” U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates… Monthly job openings… Continue Reading…

Banking, Economy, Stocks

“U.S. Money Supply Is Doing Something So Rare That It Hasn’t Happened Since the Great Depression — and a Big Move in Stocks May Follow”

“…What’s interesting about the M2 money supply garnering attention is that it’s a metric most economists tend to ignore. It’s been steadily rising for so many decades that it’s almost taken for granted that the money supply will expand as… Continue Reading…

Economy, Precious Metals

“China Is Buying Gold Like There’s No Tomorrow”

Of course China is buying gold. Their economy is on the brink of collapse. They’re crashing even faster than the U.S. gold is one of the few safe havens for assets so it’s the obvious thing to do. Everyone that… Continue Reading…