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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…
Martin D. Weiss: Even as I write these words, the world’s largest economy — the E.U. — is coming unglued at the seams. The world’s second largest — the U.S. — is careening headlong toward a fiscal cliff that promises to gut its GDP. 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: Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. 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: Why isn’t the U.S. economy in a depression right now? The number one reason is because the federal government has stolen more than five trillion dollars Read more…
Michael Snyder: When news broke of a 2 billion dollar trading loss by JP Morgan (NYSE:JPM), much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what Read more…
Martin D. Weiss: My family and I have been tracking speculative bubbles and busts for 80 years. We’ve personally witnessed 12 recessions, two depressions, five stock market crashes, three real estate busts, three bank failure epidemics, and two of the most vicious inflationary spirals of all time. Read more…
Sara Nunnally: It is clear the U.S. economy is “too big to fail.” But what happens when that is the only option? You won’t like the answer. Read more…
Michael Snyder: Debt is a “soft” form of slavery. In America today, it is not legal to bind people up with chains and force them to work for you, but that doesn’t mean that there are not millions upon millions Read more…
Michael Snyder: The Democrats, the Republicans and especially Barack Obama promised that something would be done about the too big to fail banks so that they would never again be a threat to Read more…
Martin D. Weiss: I rarely recommend that you wade through a wordy speech by an economic theorist delivered to an audience of stuffy bankers. But last week’s address by PIMCO Vice President El-Erian to the St. Louis Fed is one you absolutely MUST not miss. Read more…
Don Miller: Based on recent performance from the sector’s biggest names, it’s easy to argue that financial stocks are making a comeback. Capital One Financial Corp. (NYSE:COF) is up 27% in 2012. Citigroup Inc. (NYSE:C) is up 29%. Bank of America Corp. (NYSE:BAC) is up a whopping 59%. Read more…
Jeff Harding: This interview with economist Gary Shilling reflects closely our thinking here at the Daily Capitalist: we are heading for economic slowdown, stocks are overvalued, and the dollar and Treasurys (30-year) are headed higher (30-year below 3% yield). Read more…
Michael Snyder: The U.S. tax code is a complete and utter abomination and it needs to be thrown out entirely. Nobody in their right mind would ever read the whole thing – it is over 3 million words long. Each year, Americans spend billions of hours and hundreds of billions of dollars trying to comply with federal tax Read more…
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