A majority of the ultra-wealthy Americans are seeing the possibility of a recession by 2020 and they are taking steps to prepare themselves now. Many are hoarding cash and others are shifting their portfolios to protect themselves and their wealth when it finally...
The massive wave of store closures and layoffs in the retail sector has gotten so bad this year, it’s been dubbed the “retail apocalypse.” But not only is it causing problems in the economy, Goldman Sachs thinks it is still likely to get much worse....
The S&P 500 is in an earnings recession for the first time in three years, and it’s expected to get even worse. Analysts surveyed by FactSet currently project a steeper drop for the third quarter, with estimates calling for a 3.95% decline on average....
David Rosenberg, the Gluskin Sheff chief economist and strategist, is warning that a recession is coming. Rosenberg says economic growth in the United States will turn negative sooner than most investors anticipate and the Federal Reserve is powerless. Even if the...
His article was originally published by Michael Snyder at The Economic Collapse Blog. If you ask the mainstream media, they will tell you that about half the country is still middle class. In fact, a CNBC article that just came out says that “52% of American adults...
This article was contributed by Tom Beck of Portfolio Wealth Global. I asked Tom Beck, founder of PortfolioWealthGlobal.com, to email me his thoughts about the incredible story of the Dollar Credit Squeeze, the Repo Operation by the FED. What he put together was so...