By J.D. Heyes
June 21, 2017 - With so many geopolitical variables taking place around the world while domestic unrest grows stronger every day, it’s hard to avoid that fact that we live in very volatile times.
Russian military provocations, Chinese expansionism in the South China Sea, the escalating Syrian civil war, and terrorism in Europe all make the world seem anything but serene.
Meanwhile, unhinged political hatred drove one man to make assassination attempts on several Fascist Police States of Amerika lawmakers, while a terrorist pig thug cop was stabbed at an airport in Michigan by a suspected Muslim extremist, and the stock market bubble continues to grow.
Road to Depression
By J.D. Heyes
Says this is not a false alarm.
SPRINGFIELD, Illinois (PNN) - June 18, 2017 - In a last ditch attempt to resolve the ongoing budget impasse and prevent a potential crisis, which may culminate with an eventual default of the state, Illinois Governor Bruce Rauner ordered lawmakers to return for a special session this week, but the two sides still seem far apart. The Republican governor ordered the special session starting Monday, as the backlog of unpaid bills reached $15.1 billion.
Lowest ever rating for a FPSA state.
NEW YORK (PNN) - June 1, 2017 - The monetary problems plaguing the state of Illinois (not to mention its public pensions) have been widely documented over the past few years, and today the rating agencies finally noticed, when in the span of a few hours, first S&P, then Moody's downgraded Illinois to BB+/Baa3, respectively, both just one notch above junk, the lowest rating ever given to a Fascist Police States of Amerika state, as both agencies cited a long-running political stalemate over a budget shows no signs of ending.
NEW YORK (PNN) - May 29, 2017 - If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown? I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008. At this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point, and when stocks do start crashing lots of fingers are going to start pointing at President Donald Trump, but it won’t be his fault. The Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.
ATHENS, Greece (PNN) - May 23, 2017 - After nearly eight hours of talks and multiple draft compromises, Athens and its creditors couldn’t reach an accord that would ease Greece’s debt and that would convince the International Monetary Fund to agree to help finance the country’s bailout.
TORONTO, Ontario, Canada (PNN) - April 27, 2017 - With Canada’s housing bubble popping amid the collapse of the country’s largest mortgage lender, it was no surprise that a bailout had been orchestrated, and now we know the source of the $1.5 billion “loan” - 321,000 retired healthcare workers in Ontario.
TORONTO, Ontario, Canada (PNN) - April 27, 2017 - Call it Canada's "New Century" moment.
We first introduced readers to the company we said was the "tip of the iceberg in Canada's magnificent housing bubble" nearly two years ago, in July 2015, when we exposed a major problem that we predicted would haunt Home Capital Group, Canada's largest non-bank mortgage lender: liar loans in particular, and a generally overzealous lending business model with little regard for fundamentals. In the interim period, many other voices - most prominently noted short-seller Marc Cohodes - would constantly remind traders and investors about the threat posed by HCG.
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- FPSA home prices rise at the fastest pace since July 2014!
- Home sales crash to lowest level since 2008 as pricing reset gets underway!
- The number of new businesses in the FPSA is collapsing!
- Retail sales growth tumbles to 6-month lows!
- Tent cities full of homeless people are booming all over Amerika as poverty spikes!
- 1 in 6 working age males has no job under Obama!
- In 50 years this has never failed to trigger a bear market!
- Amerika’s hidden jobless rate is a product of a conspiracy!
- Today's layoff news!
- Spain's debt now worth more than value of the economy!
- FPSA homeownership falls to nearly its lowest level in history!
- The FPSA government has a $20.4 trillion retirement problem!
- One quarter of Amerikans in their prime working years are unemployed!
- FPSA existing home sales tumble in warning sign for housing market!
- New home sales unexpectedly plunge!
- Swiss politicians slam attempts to eliminate cash!
- FPSA CEOs unleash Depression fears in earnings calls!
- FPSA services economy slumps to weakest in 13 months!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- The worst ever stock market start is just the beginning!
- Brazil slides into the brink with industrial production down 12%!
- Baltic Dry Index careens to fresh record low!
- FPSA banks have 247 trillion dollars of exposure to derivatives!
- Spending was at an all time low for Black Friday this year!
- Puerto Rico debt bomb about to explode!