Recession

The Floodgates Begin To Open

It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal.

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Wars and rumors of wars are filling the headlines: Russian prep for nuclear war, US accuses Russia of cyberwar and vows retaliation, US military overthrow of Assad, US proxy war with Iran in Yemen, Breakdown in South-Pacific alliances, Pentagon video of dystopian future.

Inflation Is About To Spike Due To The "Base Effect"

In June, oil was still down 20% relative to a year prior. Last month, that year-over-year change had already risen to 0%. And if prices hold at current levels, oil will be up 45% at year-end. To repeat for emphasis, that’s -20% YoY to +45% YoY in the space of six months."

The (Dollar) Straw That Breaks The Camel's Back Of Political Correctness

Political risks in Europe are on the rise as the once prosperous middle class are forgotten, both financially (cannot compete with low cost Chinese workers) and culturally (if you do not like what is happening to your neighborhood you are a deplorable and irredeemable racist bigot and we do not need to listen to you). Losing life savings as deposits are bailed in left and right will be the straw that bring down any pretense of political correctness.

Canaries 'In Extremis'

Nobody “important” will admit it until after the election, but the resumption of the depression is at hand.

Drowning In Debt: 35% Of Americans Have Debt That Is At Least 180 Days Past Due

More than a third of all Americans can’t pay their debts. This is happening during the “economic recovery” that the mainstream media keeps touting. If this many Americans are having trouble paying their bills right now, what are things going to look like when the economy becomes extremely unstable once again?

5 Urgent Warnings From Big Banks That The "Economy Has Gone Suicidal"

The economy has gone suicidal. It is working against the very people who need its energy to survive. It is collapsing on its own weight, and the weight of literally incalculable levels of toxic debt. And it is going to create the greatest disaster of our time, if the warnings from the world’s most powerful bankers are any indication.