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Michael Snyder: If you were hoping for a recession in 2012, then you are going to be very happy with the numbers you are about to see. The U.S. economy is heading downhill just in time for the 2012 election. Retail sales have fallen for three months in a row for the first Read more…
Michael Snyder: Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily Read more…
Michael Snyder: We always knew that the financial markets were rigged, but this is getting ridiculous. It is now being alleged that 20 major banks have been systematically fixing global interest rates for years. Barclays has already been fined Read more…
Michael Snyder: If you went out and took a poll of the American people on July 4th (Independence Day) and asked them if they are free, what would the results look like? Of course the results would be overwhelmingly lopsided. Most Americans believe Read more…
Michael Snyder: What is the second half of 2012 going to bring? Are things going to get even worse than they are right now? Unfortunately, that appears more likely with each passing day. Read more…
Michael Snyder: How is money created? If you ask average people on the street this question, most of them have absolutely no idea. This is rather odd, because Read more…
Michael Snyder: Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going Read more…
Michael Snyder: The election results from Greece (NYSEARCA:GREK) are in and the pro-bailout forces have won, but just barely. It is being projected that the pro-bailout New Democracy party Read more…
Michael Snyder: Many people hype “the coming economic collapse” as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen in a single Read more…
Michael Snyder: The summer of 2012 is shaping up to be very similar to the summer of 2008. Things look incredibly bleak for the global economy right now. Read more…
Michael Snyder: Warren Buffett once said that derivatives are “financial weapons of mass destruction”, and that statement is more true today than it ever has been before. Read more…
Michael Snyder: When it comes to the financial world, it is important to listen to what the “smart money” is saying, but it is much more important to watch what the “smart money” is actually doing. Read more…
Michael Snyder: Would you pool your debt with a bunch of debt addicts that have no intention of reducing their wild spending habits? Of course you wouldn’t. But that is exactly what Germany (NYSEARCA:EWG) is being asked to do. Increasingly, “eurobonds” Read more…
Michael Snyder: During an appearance on Meet The Press on Sunday, Jim Cramer of CNBC boldly predicted that “financial anarchy” is coming to Europe Read more…
Michael Snyder: With each passing day, the banking crisis in Europe escalates. European banks (NYSEARCA:EUFN) are having their credit ratings downgraded in waves, bond yields are soaring and billions of euros are being pulled out of banks all across the eurozone. Read more…
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