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HomeFinancial Crisis

Financial Crisis

Pandemic
Finance

Goldman Sees Households Burning Through A Majority Of Pandemic Savings By End Of Year

February 7, 2023 Mariel Alumit

During the Covid-19 pandemic, consumers saved an unprecedented amount of cash thanks to government stimulus and draconian lockdowns. As we’ve been detailing over the past year and a half, those savings could soon be exhausted. […]

Traders
Commodities

Reality Checks In: “Indestructible” Retail Traders Who Made Millions During The Pandemic Are Now Tapped Out

February 7, 2023 Mariel Alumit

All of a sudden the stock market “geniuses” that were minted during the Covid stimulus days don’t look so brilliant. And all it took was for the free money to run out…imagine that. That was […]

Peter Schiff
Finance

Peter Schiff: The Fed Can’t Fight What It Doesn’t Understand

February 6, 2023 Mariel Alumit

Via SchiffGold.com, With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as […]

Finance

The Annual Interest Rate Payment on Government Debt Is $850 Billion And Rising Fast

February 6, 2023 Mariel Alumit

Authored by Mike Shedlock via MishTalk.com, At the current pace, interest on US government debt will soon hit one trillion dollars… Annualized intertest on US national debt from the BEA, chart by Mish Note that […]

Central
Crypto

Central Bank Digital Currencies Would Bring Hyperinflation

February 6, 2023 Mariel Alumit

Authored by Daniel Lacalle, There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase […]

Climate Crisis

Germany Considers Diverting Anti-Coal ‘Green’ Subsidies To Weapons Production

February 6, 2023 Mariel Alumit

Germany is currently mulling reducing its focus on the long hyped ‘green’ initiatives as it scrambles to ramp up lagging defense manufacturing after recently approving a 100 billion euro military revamp in response to the […]

Inflation
Financial Crisis

Mission Accomplished! Inflation Nation

February 6, 2023 Mariel Alumit

Authored by MN Gordon via EconomicPrism.com, About the time the most trusted man in America, Walter Cronkite, signed off from the CBS Evening News for the last time, something momentous happened in the U.S. credit […]

ESG
ESG

The Long-Term Negative Effects Of ESG Will Be Catastrophic – And I Could Have Been Avoided

February 5, 2023 Mariel Alumit

Authored by Tom Czitron via The Epoch Times, Environmental, social, and governance (ESG) has been a hotly debated topic over the last few years. The seemingly unquestioned march towards corporate utopia has met with resistance […]

Commodities

Companies In UK Are Hitting The Wall At Fastest Rate Since Global Financial Crisis

February 4, 2023 Mariel Alumit

Authored by Nick Corbishley via NakedCapitalism.com, As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses… Business insolvencies in the UK surged by […]

Finance

A Tale Of Two Worlds – It’s not about land in Ukraine or NATO – It’s about the battle to devaluate the dollar.

February 4, 2023 Mariel Alumit

Authored by Alasdair Macleod via GoldMoney.com, In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of […]

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