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16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here
Submitted by Michael Snyder via The Economic Collapse blog,
If U.S. economic growth falls any lower, we are officially going to be in recession territory. On Wednesday, we learned that U.S. GDP grew at a 0.2 percent annual rate in the first quarter of 2015. That was much lower than all of the “experts” were projecting. And of course there are all sorts of questions whether the GDP numbers the government feeds us are legitimate anyway. According to John Williams of shadowstats.com, if honest numbers were used they would show that U.S. GDP growth has been continuously negative since 2005. But even if we consider the number that the government has given us to be the “real” number, it still shows that the U.S. economy has stalled out. It is almost as if we have hit a “turning point”, and there are many out there (including myself) that believe that the next major economic downturn is dead ahead. As you will see in this article, a whole bunch of things are happening right now that we would expect to see if a recession was beginning. The following are 16 signs that the economy has stalled out and the next economic downturn is here…
#1 We just learned that U.S. GDP grew at an anemic 0.2 percent annual rate during the first quarter of 2015…
The gross domestic product grew between January and March at an annualized rate of 0.2 percent, the U.S. Commerce Department said, adding to the picture of an economy braking sharply after accelerating for much of last year. The pace fell well shy of the 1 percent mark anticipated by analysts and marked the weakest quarter in a year.
#2 If you strip a very unusual inventory buildup out of the GDP number, U.S. GDP would have actually fallen at a -2.5 percent annual rate during the first quarter…
The only good news: the massive inventory build, the largest since 2010, boosted GDP by nearly 3.0%. Without this epic stockpiling of non-farm inventory which will have to be liquidated at some point (and at a very low price) Q1 GDP would have been -2.5%.
#3 Our trade deficit with the rest of the planet is absolutely killing our economic growth. According to the Reality Chek Blog, U.S. economic growth would have been a total of 8 percent higher since the end of the last recession if we actually had balanced trade with other nations…
As of the new first quarter figures, the worsening of the trade deficit has reduced the cumulative real growth of the U.S. economy by 7.99 percent since the current recovery began in the second quarter of 2009.
#4 According to numbers that were just released by the Bureau of Labor Statistics, in one out of every five American families nobody has a job. So how in the world can the “unemployment rate” be sitting at “5.5 percent” when everyone is unemployed in 20 percent of all families in the United States? It doesn’t make any sense.
#5 The rate of homeownership in the United States has just hit a brand new 25 year low. How can anyone claim that the middle class is “healthy” when the percentage of Americans that own a home is the lowest that it has been in more than two decades?
#6 Back in 2013, 31 percent of all Americans said that they did not anticipate buying a home “for the foreseeable future”. Just two years later, that number has risen to 41 percent.
#7 The student loan bubble is clearly bursting. According to Bloomberg, only 37 percent of all student loan borrowers are actually up to date on their payments and reducing their balances…
With borrowers increasingly struggling to repay their student loans, Moody’s Investors Service is warning it may take investors longer than promised to get their money back. The credit grader said this month it may lower rankings on $3 billion of top-rated debt as investors face the threat of slowing principal payments or even receiving no interest.
The concern underscores the fallout from a record $1.2 trillion in U.S. student loans that’s spreading to everything from the housing market and consumer spending to taxpayers. As a sluggish economic recovery forces borrowers to miss payments or tap relief programs, only 37 percent are current and reducing their balances, according to a Federal Reserve Bank of New York presentation this month.
#8 Procter & Gamble has announced that it will be cutting up to 6,000 more jobs from their payroll. Why would they be doing this if the economy is “getting better”?
#9 McDonald’s plans to permanently shut down 700 “poorly performing” restaurants over the course of 2015. Why would they be doing this if the economy is “getting better”?
#10 It is being projected that half of all fracking companies in the United States will be either “dead or sold” by the end of 2015.
#11 Retail sales in the U.S. have not dropped this rapidly since the last recession.
#12 Wholesale sales in the U.S. have not dropped this rapidly since the last recession.
#13 Factory orders in the U.S. have not dropped this rapidly since the last recession.
#14 Credit requests are being declined at a rate that we haven’t seen since the last recession.
#15 U.S. export growth has gone negative for the first time since the last recession.
#16 As the U.S. economy begins to head into another downturn, most Americans are completely unprepared for it. In fact, one recent survey discovered that 62 percent of all Americans are currently living paycheck to paycheck.
Don’t let this next recession take you by surprise.
Back in 2008 and 2009, millions of Americans suddenly lost their jobs or businesses because of the sharp economic downturn. Because most of them were living paycheck to paycheck, all of a sudden a whole lot of Americans could not make their mortgage payments and foreclosures surged to unprecedented heights. Millions of families that thought they were operating on a solid foundation saw their middle class lifestyles evaporate in just a matter of a few months.
That is why it is so vital to prepare yourself financially, mentally, emotionally, physically and spiritually for the great storm that is coming ahead of time. Over the past couple of years, I have been working on a new book entitled “Get Prepared Now” which talks about how to make these preparations. On Wednesday, it was finally released to the public. I hope that you will check it out.
The past few years have been a period of relative stability for the U.S. economy. A lot of people have been lulled into a false sense of security during that time. These people have become convinced that our problems have been fixed. But they haven’t been fixed at all. In fact, our problems are far, far worse than they were just prior to the last financial crisis.
When the next great financial crisis strikes, we are going to see a spike in the suicide rate just like we did during the last one. Millions will be blindsided by what is coming and will give in to depression and despair. But that doesn’t have to happen to you. It is empowering to know what is coming and to understand why it is coming. It is empowering to get prepared in advance for turbulent times. It is empowering to have a plan for the years ahead.
Even though I write about all of the horrible things that are coming to this country every day, I live my life with no fear, and that is what I want for all of you as well.
Do you want to know who will be giving in to fear and panic when things start to go really crazy?
It will be the people that had no idea what was coming and made no preparations whatsoever.
Yes, the times ahead are going to be extremely challenging, but they can also be the best times of your life.
It is all going to come down to how you respond to a world that is going completely insane.
The choice is up to you.
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16 signs...that's a lot to remember...so here's 4 more...lol
http://econimica.blogspot.com/2015/04/so-simple-even-economist-or-fed-can-get.html
AND ONCE AGAIN Kiki there it is that 300% debt GDP just wanting to nibble on 350%..... Bong bing bong bing I just keep get hitting with it on my head like its the big dicklick beltway and me stuck on a hot wheels cho cho train going no where but of course that is the point... Oink oink oink oink so much more funds for slush money w room for disaster economy!
Zerohedge is better served not publishing the same old shit from snake oil salesmen. Look at all the shit he is selling on his blog, the guy has a vested interest in alarmism, why use him where there are plenty of other people not trying to make a buck out of idiots.
Snyder and his lists. Just a rehash of the stuff we already know
Exports are dismal and the trade deficit horrendous but Obama will save the day with his new secretive trade agreements.
How can the economy stall and turn down when it's already shit?
underemployment is still as bad as 2009...
and Canada, China, Europe are far worse lol
Remember, bad news is good news. Rally on Wayne!! Rally on Garth!! As soon as the Dow craters a few %, some lackey will tweet about how an interest rate increase should wait, or how QE4 is right around the corner, and the DOW will be up 400 points.
I would like to inform you all that I'm drinking 15 year old Dalmore Scotch like a proper 0.1 percenter and all this doom and gloom doesn't worry me at all.
Stupid Domestic Extremists you all...
People aren't spending because the economy is TOO STRONG, you idiots. President Obama has created way too many more jobs than there are Americans! That's why people aren't spending, paying back loans or buying homes. THEY'RE TOO BUSY WORKING!
Stupid Domestic Extrmists...
These list-filled articles do not belong on the hedge.
Liberal, that is some farceful sarc there :-)
And oh by the way, the economic downturn came 7, 14 or 101 years ago, depending on whom you ask...
Meanwhile...
https://www.youtube.com/watch?v=cWyZu_n0BVM
Not one mention of Lehman though.
There's you hopie/changie glimmer.
I'm eating a hot dog cooked over a Bic lighter and drinking rubbing alcohol. Strangely, the doom and gloom isn't bothering me either.
Only a 0.1 percenter? That's borderline sheeple money there.
It's always darkest just before it goes pitch black.
True. I heard a story on the radio today. Some FED jerkoff saying consume now because rate are defiantly going up in September.
I was like: "yea whatever jew boy"...
Then I went on to think: 'What if our Costs on Russia are actually fucking backfiring'.
Woopsie.
I heard it's a muslim plot...
Your problem is simple, gfr, you are a fucking cunt. Go kill yourself.
Yeah. Now, dick.
I hear he traded his dick for a pussy and I am not talking about Mooch's dick cause it's still there.
You 'knew' all 16? Why aren't you being published here?
How dare this guy not just toss all the stats into a giant block of text? That standard method makes each stat stand out, right dicknuts?
Who gives a crap what this writer is 'selling' on his site? My guess is that the only thing he's actually selling is advertising space. Since your little bitch panties are so bunched up that you took the time to bitch about it, which product advertised on his site has you in panty-bunch mode?
I think your pussy dripped a little too much onto the keyboard--better wipe it.
The interests and agendas of those you read to inform yourself are not relevant? You could not spare two seconds to rightclick the link to his blog and see your guess is wrong? Luckily I did for you.
Firstly, this article is a cheap plug of his book 'Get Prepared Now', released just two days ago, the zh thumbnail is the front cover, so I guess Snyds isn't the only one selling adspace!
http://www.amazon.com/Get-Prepared-Now-Crisis-Survive/dp/150522599X/ref=...
This book was released the same day zerohedge posted Snyd's race-baiting opinion piece: http://www.zerohedge.com/news/2015-04-29/12-unanswered-questions-about-b...’t-want-us-ask, not exactly financial-news worthy.
Snyds spruiks other books+dvds on his blog called 'Economic Collapse WWIII & The Death of America' and 'The Beginning of the End', both released in 2013. As well as his own books he collects money off other authors looking to use his advert platform to spruik their books.
Apart from this, at the top of his homepage are various tabs like Preppers, Military Surplus and Emergency Food, when you click on them you are taken to a page of ebay items for sale.
http://theeconomiccollapseblog.com/military-surplus
http://theeconomiccollapseblog.com/emergency-food
http://www.ebay.com/itm/like/171769679944?rmvSB=true
http://www.ebay.com/itm/like/201340754663?rmvSB=true
I guess since he spent so much effort constructing a preppers billboard posing as an informative blog, he deserves to make some money off it right? There is no conflict of interest here at all.
You also find at the top of his page, not only adspace for pm dealers, but also a veritable storefront for jm bullion. http://theeconomiccollapseblog.com/gold-coins
Despite your indifference toward advertising space (of which his homepage is a crass monument to seizure inducing 'click-bait'), most people like to know that the beliefs, opinions and predictions espoused by the writers we read are not garnering profits. I prefer to read those who have the freedom to change their opinion without suffering financial loss. If Snyder becomes a permabear tomorrow based on changing economic conditions, would he write about how everything is awesome, can he write about how everything is awesome without losing the entirety of his revenues, ad revenues not earned by independent writers and journalists? No, therefore he should not be read by anyone who values honest insight.
Bonus link: http://theeconomiccollapseblog.com/the-most-important-thing
"I feel like I would be doing a disservice if I didn’t explain to you the most important thing that you could take away from this website. If I had not given my life to the Lord Jesus Christ, I would probably be dead today. He has taken the broken pieces of my life and has made them into a beautiful thing, and He can do the same thing for you."
"Humanity has rejected God and is continually breaking His laws.
Most people like to think of themselves as “good” people, but the truth is that none of us are truly “good”. Each one of us has broken God’s laws over and over again. We are lawbreakers and criminals in the sight of God. The Scriptures call us sinners."
http://theeconomiccollapseblog.com/did-you-know
"Did you know that there is a huge mountain of evidence for the Christian faith?
Did you know that logic and reason actually lead people toward God and not away from Him?
I would like to share with you some of the things that I have discovered during my research into these things over the past 30 years…"
"The following is our statement of faith.....
We believe that the Bible is the inspired and infallible Word of God and declares His design and plan for mankind.
No surprises here, the snake oil salesman is also a fundamentalist christian who believes the earth is 5000 years old and that moses lived to 600 years old. I standby my original criticism of zerohedge for peddling this peddler, more shameful than I originally thought.
buyingsterling, shut your dick holster.
Adverts make for sites which you do not HAVE to pay. Everyone knows this and accepts it. You know this and accept it. You are here on ZH.
I searched the link you posted for "5000" and "600" and found nothing. I think you are making things up. Furthermore, you included nothing to demonstrate how his beliefs are incorrect or false. The only thing that is clear is that his beliefs disagree with yours and in your mind that makes his wrong. All of this over something you simply cannot prove.
Why are you even on this site? You don't agree with anything published here. You constantly create false narratives about other posters beat the living hell out of strawmen. Why are you so angry and hateful? Nobody here has taken your hard earned tax money and given it to the rich nor the poor. Nobody here has caused you any direct pain. How do you explain the disconnect between reality and your anger toward fellow travellers?
No, I don't accept it, I take it for what it's worth, many other discerning readers do, you should try it. Zerohedge runs PM dealer ads incessantly, and lo and behold it's a running joke in this very community just how biased any PM reporting on zh is. Thanks to their advertising revenue from PM dealers you can be sure to be misled with all reporting on PMs, just look at the number of bearish PM articles on zh compared to the bullish PM articles, thankyou for providing me with an easy example.
Sites that are biased due to a vested interest, yeah I covered that. This is not the only way to read websites without adverts or a fee. Just looking at my own top 12 sites in safari I found these:
http://michael-hudson.com
http://tarpley.net
http://johnpilger.com
http://drbenway.blogspot.com.au
That is 4 out of 12, and the other 8 are mostly music related shit. So again, I don't accept the dubious model of advertisement instead of paying, and choose accordingly.
Uh no, I didn't. That debate was settled a long time ago... carbon dating proves the earth is older than the bible says it is there you go I won't waste more time on that.
Again, like buyingsterling, assuming has done for you what it is famous for.
http://theeconomiccollapseblog.com/contact
"There are many people that come to this site that are curious about what I believe and about what I stand for. Well, I am a Bible-believing Christian. Unfortunately, most people do not know what Biblical Christianity is these days. For a detailed explanation of what I believe, please see my statement of faith."
From this he links us to his statement: http://whatdoesthebiblesayabout.com/archives/what-do-we-believe-our-stat...
Where we are privy to such gems as:
"We hold to the basic truths that Bible-believing Christians have believed for centuries, and it is our desire to share that faith with the world.
We believe that the Bible is the inspired and infallible Word of God and declares His design and plan for mankind.
We believe that the Lord Jesus Christ will physically return to this earth one day.
We believe in the millennial reign of Christ during which Jesus will rule over earth for 1,000 years following His second coming."
And my personal favourite:
"We believe that a final judgment will take place for all those who have rejected Christ. They will be judged for their sin and cast into the lake of fire. "
^^ Zerohedge chooses this guy's analysis to publish, embarrassing.
Rep buddy I'm here because despite the aggressive agenda pushing here at the hedge, it still has good content bar the editorialising drivel, and I can take it for what it's worth. If you don't like my criticism, I don't care it's my right and I personally would not want to be part of a site that does not allow criticism, would you?
In short, shut your dick holster.
It's good that the one thing that you could possibly learn here is that posting Italics at the head of your rantings locks out the greenie/ downer system for your comment.
You need to read Uncle Saul more carefully to be an effective tool.
".....the earth is older than the bible says it is....."
The Bible says the earth is younger than it is?
Where does it day that, Copernicus?
I'm curious....
I hear that a lot as the reason that people discount the entire Bible... just haven't been able to find where it says that in the actual Bible.
Are there Bible thumpers that make that claim? I have heard them say that... And they are just as foolish as the people who cite what they say... (This means you, Copernicus.)
Interesting stuff I did find in the Bible... Laws of quarantine used thousands of years ago found in the Bible not put into practice by the general developed world until the previous century. Not to mention Quantum physics. Theory of relativity. Many laws found in current civilizations. Cycles. Prophecy about Israel. (Sure... Could be self fulfilling) dinosaurs... Etc.
So where does it say it?
@stocker
I'm pretty sure it doesn't say it anywhere. I think, these people just extrapolate the supposed ages of Abrahamic descendants and come up with a guesstimate based on that.
It's all a fucking joke. Sumerian records, which pre-date the Old Testament, talk of kings and rulers whom had lifespans of tens of thousands of years, which, if true, means that The Old Testament itself is just a collection of stories, written by & for, the 'tribe' who decided to make history their own. Judging by the actions of the same tribemembers over the past 2,000 years, it would appear that they have not given up on the quest & are pretty good hypnotists.
"Adverts make for sites which you do not HAVE to pay."
I turn off adblocker and ghostery from time to time to help out. It's the least I can do. It does slow the site down though.
"Snyder and his lists. Just a rehash of the stuff we already know"
Poor mistreated jews deserve to make a buck too you know.
Any man who works to provide a useful service or product should not be prevented from making a buck. Will it work for him? Who knows? Snyder is certainly not trying to cause harm to anyone. Anyone with a brain reading ZH would know this and understand it.
Don't be so certain, excerpt from Snyder's own statement of belief:
We believe that a final judgment will take place for all those who have rejected Christ. They will be judged for their sin and cast into the lake of fire. - See more at: http://whatdoesthebiblesayabout.com/archives/what-do-we-believe-our-stat...
Charming dude, a good christian yes thereplacement? I bet you wish you didn't attempt to defend that turd of a religion you clearly hold dear.
I wonder if I'll get a thereply from thereplacement
These lists are more for those who DON'T know; I like his citations and they way lays things out. I've had ppl on both sides of the isle retweet and aggregate his work, which is a good sign.
Are the lists hackneyed? Sure. But if one more person knows more about the fake economy today that yesterday, we are all better off for it.
Winner, winner, chicken dinner. Most people can share these with their less intellectually invested friends to try to open some eyes. Note, I did not say less smart or imply dumber. It is just that if you are reading ZH you are invested in trying to understand what is really happening. Most people don't have the inclination or will so the "For Dummies" version is definitely a good thing.
So let me synthesize that. Using the Snyder method, naturally.
1. Supposedly I have 'friends' ("Most people can share these with their less intellectually invested friends")
2. Whom, btw, aren't very 'intellectual' (same).
3. NOT 'less smart', or 'dumber', just less intellectual (see, cause that's what I try to do is to have smart friends, but avoid the intellectual ones)
4. Notwithstanding their intellectual challenges, and/or their laziness or lack of motivation, I'm supposed to hoist this "For Dummies" version on them, thereby risking to lose that friend (that I actually don't have because hanging around otherwise 'smart people' with blinders on is like sitting in a dentists chair).
5. And, of course, presuming I read the whole list cover to cover (even though, by way of my intellectual superiority, it was like doing a refresher course on 2nd grade multiplication tables).
6. And then, of course, my non existent friend will become grateful & learned & thank ME for it, even though I didn't compile the list.
7. & 'It's all good"
Where's my chicken dinner?
Even POTUS uses itemized talking points, highlighted on the teleprompter.
OT: I completely endorse Hillary for POTUS 2016.
At a $1500 a plate fund raiser i'd better not be gettin' chicken.
Economic collapse is not and will not be a televised event. Interesting that when the Soviet Union collapsed, many Soviets were completely unaware that their economy was collapsing even when many of their neighbors were struggling.
I guess they thought as long as their situation was good then everything was good. I see that today in America that many who's financial situation is good tend to be inclined to agree with mainstream narratives about the economy.
I think that those in charge of disseminating information are fully aware of this concept and use it to their advantage.
Remember how Americans laughed and cheered? 'Those damn communists got what was coming to 'em'
Shoe is on the other foot now...
We are all communists now.
I'm not!
Only for those who have any shoes left.
Say...what chance does a deceased returning war veteran have for that good payin' job, more sugar, and that free mule we've all been dreaming of?
Now you can see how increased spending opportunities, mean harder work for everyone, and more of it, too! So, do yourself a favor, Joe. Join with millions of your friends and neighbors, and, TAKE OFF YOUR SHOES!
Those in charge of disseminating the fraudulent information are the ones to be gutted and left as an example to all...
Hard to argue with facts, so better attack the person, ha?
Another listicle. Is it the right time to short stawks and buy silver?
We differ. Not everyone lives on Zerohedge Road. I appreciate a consise wrapup.
the only one thing everybody needs to know "ObamaCare";
It was supposd to have recollateralize the derivative house of cards by hustling another 30 million paying bodies into the bankers service-but that hasn't materialized. "can't get blood from a stone"
Obamacare's increased costs has sucked out discretionary spending from all corners of the service economy, in the process hollowing out previously "good" collateral.
Its complete repeal by MN tonight would lessen the October Crash on the horizon triggered by lack of discretionary spending income; it would also bolster some of the collateral dykes a bit.
But absent a productive economy since about 2006, the collateral shortage on the horizon is a tsunami at this point.
The banks, fueled by government Constitutionally unrestrained, have managed to crap the world.
Penultimate end game coming 2016.
Penultimate....only because there will be one last flame up, balls TOTALLY in and to the wall....to save the whole rotten artifice.
2020-2025......that's it. Kaboom.
You are incredibly optimistic.
Naw, 2012 was TEOTWAWKI.
We're just doin' the sleep walking thing while the jugglers run out of tricks.
Jumbotron
I have always wanted to experience a military government.
The uniforms, the parades, the military music.
The sky is falling, the sky is falling!!!
Yes, the sky is falling for many of us and our fearless leader, President Obumbler, will be coming out with a new economic plan soon. Word is it will revolve around new tax hikes!! That should do the trick. LMAO!!
Afterall, we have seen how well higher health care costs and higher utility costs have done. And the shovel ready jobs........
Time for a Rloveution
... oops, did I speak out of turn?
A top your dumb ass apparently.
Im prepared, just bought my new iwatch. It comes with an app for economic meltdowns.
Nice
Nope the 17th and only sign is "BUY MY BOOK".
Check this legitimate ways to mak? money from home, working on your own time and being your own boss... Join the many successful people who have already used the system. Only reliable internet connection needed, no prior experience neccessary, that's why where are here. Start here... www.globe-report.com
Why is history repeating itself? ~ https://youtu.be/uhiCFdWeQfA
Because they don't even teach such basic economics in HS anymore. They only teach that Government is great and will take care of you.
USA school system is so low on basics that economics is beyond most. Basic math is beyond most. And I speak of add/subtract/divide/multiply math. Economics needs fractions. In USA that is college level.
Great portions on USA cannot read properly. Cannot spell. And cannot speak properly.
I axe ya why?
+1 And this is why wealth confiscation and the road to serfdom will be swift - there is no intellectual opposition to something that is not understood.
"How will you be able to say 'Freedom is Slavery' when the word 'freedom' no longer exists?"
"Why is history repeating itself?"
A definite lack of imagination on our part?
All the good things have already been done and there's no money in them anyway?
The chimps writing the book are tired of producing original content for peanuts?
Plato and Aristotle have never really died? (neither has Caligula)
Because nobody in a position to change things ever learns from it.
Which shouldn't be a surprise. If it's never your money or your children at stake, why should you?
Here's the only sign you need. Business profits after taxes were lower than the same quarter the previous year for four consecutive quarters ending 2014.
8.29% lower to be precise.
We have now entered what I call the "right-Sizing" phase of the economic cycle.
Bah. Don't confuse everyone in the class with the facts of what is really happening.
The algos cannot compute with facts. BUY MOAR STAWKS!
In this era of propaganda and lies about the health of our economy and the prosperity of its citizens, a report that actually surveyed the people blows a giant hole in all the lies.. In every statistic and every economic lie there are those who prosper in the economy but for those who don’t, every man has own recession.
As such, in an up year for stocks, many individual investors lost out:
“In 2014, 33% of investors ended the year with NEGATIVE OR ZERO RETURNS … In 2014, the median investor had a 4.2% return."
Wrote Fortune in January:
“According to a study from SigFig.com, which makes a portfolio tracking app, as many as a third of all investors may have ended up either losing money or not making anything at all in the market in 2014. Meanwhile, the S&P 500 was up nearly 14% for the year.
"Yet most investors’ portfolios don’t seem to have experienced gains anywhere near that. SigFig’s data suggests that the average investors’ investment account rose just over 4% last year."
Is it a lie for the government, i.e., the Fed, to misrepresent this story? You betcha.
http://fortune.com/2015/01/06/stock-market-2014-losers/
Speaking of foreclosures, I am starting to hear a lot more ads on the radio for foreclosure mitigation/avoidance service here in Northern Nevada. Had not heard those commercials since 2009-10. Coencidence?
I think NOT!... Lol it has begun! Since March 5th, everyday that I have woken up I have though to myself "Enjoy this relative normailty, we are close to another crash... like the great depression." So everyday I wake up with a freaking smile on my face and enjoy every freaking minute of it, cuz it wont last long. Good luck to all of us.
Clearly we need more Federal Intervention in the economy.
Trillion dollar deficits were never enough.
I say TEN TRILLION DOLLAR DEFICITS AND VICTORY IS OURS!
This is purely transitory.
Head up and levverrr up
We can still blame this one on Bush ....right ?
For all those not cognitively impaired - government.
Ten thousand years of the same shit, and less than 1% can understand.
Him and the rest of the 30,000-odd people who rule the world, own everything worth owning, and will emerge from this next crisis without a scratch.
But it won't do any good. Consequences are for proles.
Bush, Clinton, Bush, Obama, Clinton/Bush
There, I fixed it.
62% of americans live paycheck to paycheck because they buy a new truck every two years and have two new wave runners in the garage. fuck 'em!
No. 62% live paycheck to paycheck because there aren't enough decent paying jobs to support a family much less a household of one.
I work two jobs , eighty hours per week. I drive a 2001 Yukon XL, a relic from my prior life when I made 4 times what I make today. I work with younger people who also drive older cars. In one of my jobs I deal with a part of an auto needed by all and I can tell you there is a huge segment of the population that is barely surviving and they are NOT driving a new truck every fucking two years.
i see a lot of $500K+ houses in foreclosure too. The housing bubble didn't just happen. A lot of your fellow greedbag citizens caused that to happen.
$10 an hour 80 IQ Walmart employees using liar loans to buy a $500k house. What could go wrong???
if you lose a home to foreclosure it is probably due to a loss of a job for which a replacement can't be found.
the housing bubble has soooo many components to it that blaming it all on a fellowship of greedbag citizens is just plain stupid.
No. A good percentage of those are strategic defaults. Greedbags more than able to pay but walk since the mortgage is more than the house is worth.
Children, Children, please stop fighting. Most of our economic problems stem from the Gov and its policies. Does Gov imitate the people or do the people imatate the gov? Both live on borrowed funds and well beyond their means and the game will end at some point with a lot of tears.
What no one in this country, citizens or politicians ever want to discuss, is sane solutions to our problems.
My grandfather who is no longer with us, survived the great depression and his advice was, "It is not how much you make it is how much you spend." He had a seventh grade education and struggled to put food on the table until he was probably 50 years old at which time he started to accumulate some savings and paid off a small modest 1300 sq ft home by time he retired at 65. His net worth at time of death was probably around $200,000.00. Not bad for a laborer with no education and a guy who knew what it was like to be hungry.
Unfortunately when people start to get hungry again, then will they want solutions to the problems.
"It's not what you owe, but what you own, that makes a man."
~ My Grandpa (1968).
"What no one in this country, citizens or politicians ever want to discuss, is sane solutions to our problems."
I have a sane solution to the majority of our problems, and it is very simple. Tear up NAFTA, GATT, CAFTA, and every other travesty of a trade agreement that has been passed since the Clintons first rolled into the White House, and then bring back tariffs. Furthermore, repeal that ridiculous Dodd-Frank nonsense masquerading as "reform" and bring back Glass-Steagall, with one additional amendment; anyone proposing to repeal it again will automatically receive the death penalty. Finally, start making corporations pay their freaking taxes again, but offer serious incentives and tax breaks for retraining workers and re-establishing production lines.
Exactly, there a simple solutions that are difficult and will be paingul to institute, yet no one in DC wants to fix anything.
Senator Tom Coburn, announced he was retiring and stated his disgust with DC and those that are there who are unwilling to solve issues like Medicare and how we added 6 trillion in unfunded liabilities last year alone.
Yeah, he's a hero to all.
http://www.huffingtonpost.com/news/tom-coburn/
No shit... Buying things you don't need with money you don't have, it's the Amerikan way!
I want it right now, damnit!
...Buying things you don't need with money you don't have...
It's what make Amurka what it is today.
America! Jesus' Favorite Country©
Buying things you don't need with money you don't have...Shania Twain's Ka-Ching https://www.youtube.com/watch?v=iEe3hBXZEyI
Government employees have job security.
What kind turd would junk that comment?
Correction: turd (s)
Someone is downvoting the whole thread without reading it
get used to it. if you carry an avatar like mine, you'll find out quickly that even specific replies are often done without reading anything
that voting button? useless. if you really like a comment, reply to it favourably, and state why
There's a lot of .009% to assrape, before I run to the hills.
Iron Maiden>run to the hills
We are at the point that pilots call "stall buffet", the point that the plane doesn't to fly any more but not quite slow enough to fall out of the sky. All the alleged smart people are either ignoring reality or denying it completely. Things are on the slide down and by the time next quarter's report comes out we should be in a full stall and quite likely a tailspin. It's time to put your head between your legs and prepare to kiss your ass good-bye.....
Relatively speaking, dying in the Germanwings crash would be the height of mercy compared to what most proles have in store for them.
The horror, by all accounts, lasted only a few minutes. Death, when it came, was assuredly painless. It would be like big hitting a windshield, difference being the bugs never learn what hit them.
Innovate or intubate, the Golden Rule of the post apocalypse.
Now is the optimal time for entrepreneurship, as most service firms are really suffering under old business models. Clean processes, new approaches and fair invoices are key in this current state of affairs.
....+1 emphasis on fair invoices. the self employed are going to have to do more than just provide a good or service, take money, and leave. a much stronger relationship (and many of them) that endeavors to make permanent your client's interests, i think, will become paramount.
Scapegoat event in 10...9....8....
#4 Retired people?
Young people, 25 to 29?
Offenbach - Can Can Music
http://www.youtube.com/watch?v=4Diu2N8TGKA (2:11)
Barcarolle!
https://www.youtube.com/watch?v=g7czptgEvvU
Magnificent
#17 Empty WalMarts
#17a - WalMarts closing due to plumbing problems ;-)
I don't need 16 signs. I can smell it. Smells like QE worldwide.
Next recession, Righttttt.
Nothing new here, move along.
No. Really. NOTHING NEW HERE!!!
But I will add one more thing that's not new...today's metal smash. FuCkInG NoThInG NeW HeRe!!!!!!!! When does this Klepto Central Bank crap ever end???
to hell with #9 & 10. i think #9 has more to do with people being informed of all the toxic additives in their food.
When an insider talks, you can bet his message is self-serving, and when the central bank works with Pimco (and former Pimco people), you can bet the propaganda works both ways – Bernanke helps you, you help Bernanke. (BTW, looks like Bernanke is working for everybody now…)
It’s a trial shot.
Here’s the proof: Gross says after he expects to see the Fed raising rates by 25 basis points in September or December that you need to see when rates are going to move back again to a new neutral; that was to tell the stock market to hang on, don’t worry, the Fed will take care of you.
Bernanke couldn’t have said it better. But you know what? Reality is they are not climbing up the golden stairs to prosperity; the economy is sliding down the back stairs.
Bill Gross on Pimco Hiring Bernanke and Fed Interest Rate Hike 2015 | Market Oracle
Apr 30, 2015
By: Bloomberg
Bill Gross of Janus Capital spoke with Bloomberg Television's Erik Schatzker about today's Federal Open Market Committee statement and the outlook for Federal Reserve policy, global bond markets and Pacific Investment Management Co.'s move to hire former Fed Chairman Ben S. Bernanke as an adviser.
On Pimco hiring Bernanke, Gross said: "Obviously it's a public relations effort….To be able to hook up with Ben Bernanke, I think it is. And that was one of the reasons why we did it with Alan Greenspan [when I was at Pimco], but we found out that there were some very positive benefits to it as well."
When asked whether he would hire him if he could, Gross said: "I don't think so. I have moved on in terms of my personal experience, and I am more than glad to read his weekly blogs, and get information that way and to spend the rest of my time in markets."
Gross said he sees the Fed raising rates by 25 basis points: "They want to prove that they're not healthy, but that they can get out of bed and stand on their own two legs. And that means a 25-basis point increase perhaps in September or December, but from that point forward, and that is the key, how quickly will they move back to what we know as a new neutral policy rate."
http://www.zerohedge.com/news/2015-04-30/16-signs-economy-has-stalled-out-and-next-economic-downturn-here
because in the new neutral policy rate world: the connected pay nothing for credit and for the rest of us, there's usury.
priceless..
Brilliant. Absolutely right. An axiom!
And as for neutrality, when you lose a soccer game with a score of 1 to 0 the loss is not “neutral”; it’s a zero, nothing.
"It's the Usury™ Card. Don't leave home without it...or else."
I got 99 signs the economy has stalled out but #7-10 here ain't none of them.
Just wing it.
Rawhide - The Blues Brothers (5/9) Movie CLIP (1980) HD https://www.youtube.com/watch?v=RdR6MN2jKYsI've been doing my part for the economy. Sold off all stocks and bonds and reduced my taxable income to barebones. Reduced bank account balances to minimum. I'm driving really old vehicles. Stocking up on long shelf life foods. Buying more PM's. Paying cash. All credit and debit cards are shredded. I wear a Groucho Marx mustache and glasses when I shop.
A red list has my name on it somewhere.
Make sure you can easily read the expiration dates on your stored foods so you can rotate your stock.
This economic collapse has been on our doorstep since 2008 , so don't let your food go bad waitin' for the big one....
I'll be a corpse before these go bad.
all of the above and cancelled my cell phone 2 years ago. Plus country acreage with spring water, wood heat, large garden, canning, no bank account, cash only handy work.
Nice....I haven't tried taking on the desert gardening yet or canning. I got the time, acres, sunshine, unlimited pumped water (solar backed up), just not sure how to tackle the logistics of gardening in the desert, it's dust not soil. Greenhouse with trays maybe. Can't shake the bank account (mandatory direct deposit). Cell phone is battery out unless I use it. Sounds like you got it together.
Suburbs with green lawns nearby? Bagged grass clippings and dead leaves in fall if you can find them. There is a chance you can just cruise the neigbohoods on trash days.
#9 @ 2% of their store count closing, I wish I had only 2% failure rate for my investment picks. I'd be a 1% er.
The average Zero Hedger is like the Lonesome Loser. As far as investing, he could screw up a wet dream. So he either shorts equities or stays out of the stock market entirely - at the same time said market is doubling or tripling. Then, animated by his exasperation at seeing equities do stupendously well over the intervening years, he buys gold, Patriot Seed Vaults (psst - only heirloom seeds!) and generally works himself into a frustrated lather.
Oh, and then through bitterness and clenched teeth, he writes scathing posts blaming the government for his 80 IQ and poor judgment.
The luckless Zero Hedger - definitely not the smart money.
It is nice to be such a wise soul as you who can paint so many of us with the same brush.
ZH's foundation is on fundamentals and GAAP principles. It cannot be criticized for not being able to predict a market which no longer has rules, HFT taking over, QE assaults and so on.
Insofar as government is concerned, if you do not see what is happening around you in this century, then you must be one of those who willfully follow every rule that is placed upon you, whether they violate the Constitution or not or whether they are stupid or not or whether they are barbaric or not.
I wonder why you are here.
Irving Fisher, is that you?
iofera is the latest account of the banned Amerikan Patriot.
I guess that I need to confess. I never imagined that our economy would so seemlessly slide into absolute Politburo like control via the central bank and Department of Treasury. I never imagined that an allegedly free enterprise nation wouldn't bat an eye at trillions of dollars stolen from the average citizen to be pumped into a utterly rigged stock market that had little connection to actual economic forces. Yes, I was a clueless low IQ that still believed that we were other than what we are; a fascist-socialist administrative dictatorship. You got me pegged.
FF, you're making sense. Did you convert to Cathollcism or something?
Secular Judeo-Christian atheist. But not a 21st Century human-secularist. My wife now after many years of accepting my claim of atheism, thinks I'm a believer in drag.
Someone with a high IQ can believe, even preach, the bs if they are never shown anything that is true. For instance, your lack of imagination about the economy sliding into the state it has is an example once you realize that the entire foundation was already in place well before you were even born and it was inevitable that it would slide at an ever accelerating rate that seems quite incredible to someone who isn't seeing the whole picture. That is a terrible sentence but I hope you can see past that.
You mean everything that I have believed in is a lie or a grossly distorted caricature? Yes
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HistoryThanks for saving me the time to look it up Ininate, I was guessing six weeks.
I'm not sure what my IQ is, but I managed to get entirely out of debt (15 or so years ago), miss the last two major stock dumps and put enough away to live out my remaining years in relative ease without being in your beloved equity markets.
I agree with you but I still have a toe in the water - only what I can afford to lose
Ok, I'll admit it, I have my little toe's toe nail in it. My Roth IRA.
iofera is that some kind of herpes?
I'm a Z/H'r and the common theme that unites us is STICK YOU LEVERAGE AND DEBT UP YOUR ARSE.
I live very well and have no animosity towards success but i'm anti DEBT.
The tools/fodder out there who want to live above their means then TOO BAD.
When the CRASH COMES 90% of us on here will be OK and maybe PickaPocketorTwo ( but honestly ).
The ZH thing isn't about success or failure or being for or against either one. ZH is neutral on those things. ZH is very much anti-theft, corruption, and tyranny which are not neutral on those things.
EABOD
If we enter another recession with zero percent interest rates and record government debt there will only be one answer.
War.
17. Empty baseball stadiums, while more and more, one can't get away from soccer - a sport that makes baseball look like non-stop action.
http://reason.com/blog/2015/04/29/the-ultimate-baltimorebaseball-symbolism
I'll know we're into the next recession when a Michael Snyder listicle only has a single-digit number of items.
OK, I like Snyder's lists and I follow the links. I tease because I love. I'm a giver.
Don't we have to get out of the current depression before we can move into the next recession?
I grew up in Farm Country. I've been aware of some kind of economic depression all of my 48 years. I can't make heads or tails of what the Establishment considers a recession or a depression. Maybe it's the busts between bubble tops? Doesn't seem connected to reality so I don't really pay much attention. Although by sheer dumb luck I did pretty well with the housing finance bubble. Happened to buy in 1996, about a second before everyone lost their damned minds, and then sold in 2009 to a far greater fool who thought it was just a temporary lull I guess. I was able to take the bubble proceeds and buy the move-up house for the 1996 price, effectively missing the bubble. That's about as far as I'm willing to press my luck in a lifelong economic slow fade.
Put the blame squarely on The American Curse >>> http://wp.me/p4OZ4v-3z
The Fed has demonstrated that it can intervene in capital markets in unlimited volume. For that reason, I believe the upcoming collapse will nevertheless occur, but will take the form of a gradual disintegration stretched out over a year or more.
Can somebody point me to the Freddie Gray coverup documents (aka evidence) that was due today?
The cops have had a week to get their lies in order.