Canada is limping towards a full blown recession
May 6th, 2016 | by
Richard Paul by Richard Paul: Statistic Canada is full of disturbing numbers these days showing much of the sustainability needed for growth in Canada lower than expected. In fact Canada is looking to face the inevitable consequences...
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April
May 5th, 2016 | by
Richard Paul Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger,...
Move Your Money “Underground” Before the Global Bank Run Begins
May 5th, 2016 | by
Richard Paul It’s getting harder to pull your money out of the bank. J.P. Morgan Chase, one of America’s largest banks, recently made a major change in how it handles cash. Noncustomers can now only withdraw $1,000 a day from its ATMs....
Deepening contradictions within the global economy
May 5th, 2016 | by
Richard Paul When Wall Street suffered its biggest ever one-day fall of almost 23 percent on October 19, 1987, the newly-installed chairman of the US Federal Reserve Alan Greenspan initiated a policy which was to become the hallmark response...
Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever
May 5th, 2016 | by
Richard Paul We have never had a year start the way that 2016 has started. In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now down 21...
Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing
May 5th, 2016 | by
Richard Paul By Micheal Snyder We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and...
According to zerohedge apparently the new abnormal is heating up in the mortgage industry in the UK. “Just a month after the UK’s luxury housing bubble burst, it appears the nice friendly bankers at Barclays are...
The Energy Junk Bond Default Rate Just Hit An All Time High
by ZeroHedge When we last looked at the soaring default rate among junk bonds issuers just two weeks ago, we noted that the $14 billion in defaults had already pushed the April total to the highest since 2014, while the first...
Chart of the Day- The Real Story Behind The True Magnitude of The New Home Sales Collapse
By Lee Adler Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy. Growth in new home...
by Wolf Richter • Naples, Florida, a wealthy beach town on the Gulf of Mexico, known for its golf courses and high-end shopping, and a favorite hangout for Canadian snowbirds trying to escape their cold winters, has a problem:...
