For the first time in three years, the S&P 500 is in an earnings recession. And that’s not the worst news. Economists expect it to only get worse as the year progresses. According to a report by Market Watch, analysts surveyed by FactSet currently project a...
This article was originally published by Michael Snyder at The Economic Collapse Blog. What in the world is the Federal Reserve doing? For months the Fed has been trying to publicly convince us that the U.S. economy is “strong”, and Fed Chair Jerome Powell recently...
This article was originally published by Tyler Durden at ZeroHedge. 20 minutes after today’s repo operation began, it concluded and there was some bad news in it: as we feared, yesterday’s take-up of the Fed’s repo operation which peaked at $53.2...
A large crack has appeared in the financial markets overnight in a segment of the market that the public rarely, if ever, notices. This crack, however, is crucial to the functioning of the global financial system. Borrowing rates skyrocketed on Tuesday forcing the...
Chief financial officers in the United States have started to prepare themselves and their finances for a recession. For the first time in several years, economic uncertainty is now their lead concern, replacing worries about the difficulty of hiring and retaining...
This article was contributed by Tom Beck of Portfolio Wealth Global. Imagine that you were hibernating for 11 years – that in September 2008, you fell asleep and only awoke today. You haven’t been caught up in all the hype, the recession talk, Bitcoin, Brexit,...