More than a third of all Americans can’t pay their debts. I don’t know about you, but to me that is a shocking figure. As you will see below, 35 percent of the people living in this country have debt … Continue reading
If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening. As you will see below, corporate defaults are currently at the highest level that we have … Continue reading
Illustration by David Dees. http://www.deesillustration.com/ This article was written by Michael Snyder and originally published at the Economic Collapse blog. Editor’s Comment: This continuing reality is just one more key factor in what keeps threatening to be the perfect storm … Continue reading
This is an entry in our non-fiction writing contest We have all heard the word “ frugal” , we know it means to be sparing , thrifty or economical , especially in our habits of buying or spending. If one … Continue reading
There is so much confusion out there. On the days when the Dow goes down by several hundred points, lots of people pat me on the back and tell me that I “nailed” my call for the second half of … Continue reading
Could things crumble and crash over a simple rate hike? Many experts say they could, and well, things aren’t so simple after all. With all things being equal, and with respect to the status quo of the powers that be, … Continue reading
What has been happening on Wall Street the past few days has been nothing short of stunning. On Thursday, the Dow Jones Industrial Average plummeted 358 points. It was the largest single day decline in a year and a half, … Continue reading