Economic Bubble

Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis has caught just about everyone off guard.  And even though some states have been attempting to “reopen” their economies in recent days,…

by Mike Shedlock Negative rates are not an option. That was Fed Chair Jerome Powell’s point as he reiterated the Fed’s position on negative rates. He gave his economic assessment as well. Economic Outlook “Highly Uncertain” In a live economic interview with PIIE, Jerome Powell discussed the Fed’s outlook for the…

Negative rates are not an option. That was Fed Chair Jerome Powell’s point as he reiterated the Fed’s position on negative rates. He gave his economic assessment as well. Economic Outlook “Highly Uncertain” In a live economic interview with PIIE, Jerome Powell discussed the Fed’s outlook for the economy and…

VA – Pacific Breeze 2: Japanese City Pop, AOR & Boogie 1972-1986 (2020) Japan’s bubble years feel like a fantasy in 2020. During that period, which played out over the course of the 1980’s, the country’s economy soared and the mood was jubilant. It was a decade defined by opulence,…

Authored by Michael Snyder via The Economic Collapse blog, For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse.  Now it has happened, and it turns out that fear of COVID-19 was the “black swan event” that triggered…

(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters.) * GRAPHIC: Spot iron ore vs SGX coking coal: tmsnrt.rs/3fBSPtL By Clyde Russell LAUNCESTON, Australia, May 11 (Reuters) - There is an increasing disconnect between the two key ingredients for making steel, with…

For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse.  Now it has happened, and it turns out that fear of COVID-19 was the “black swan event” that triggered the collapse.The ironic thing is that COVID-19 is not…

For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse.  Now it has happened, and it turns out that fear of COVID-19 was the “black swan event” that triggered the collapse.  The ironic thing is that COVID-19 is…

POOL VISIONDon't expect the border between Australia and NZ to be opened anytime soon.Are we due a trip to Tasmania? Not now, of course, but soon. Australia's often-overlooked island state was in the news this past week as the image of a trans-Tasman travel bubble expanded in the New Zealand…

by Michael Snyder In all of U.S. history we have never seen anything like this.  I have been sitting at my desk for quite a while searching for the proper words to convey the gravity of what we are facing, and to be honest it has been quite a struggle. …