U.S. Economy

Peter Schiff Issues Dire Warning Last week’s inflation data was generally seen as good news for the U.S. economy, as the Bureau of Labor Statistics reported that the country’s core consumer price index increased 2.2% year-over-year for the month of January. That was the highest increase in more…

The stock market may not be 100% accurate when it comes to predicting a recession. After all, the markets go through predictable cycles. That said, the markets always tank when there is a recession. The big question is: are we heading for a recession? And if so, does…

Renowned former U.S. businessman and politician David Stockman, who has for years been predicting an economic collapse worse than 2008, this time blasted all who don’t share his belief as people who must be “smoking something stronger than what” he “can legally buy in Colorado,” where he lives.…

Fewer and fewer Americans expect to retire by age 65. That’s because, in part, the Federal Reserve has left a growing number of Americans in the lurch when it comes to their retirement savings. With the outlook for the global economy weak and interest rates expected to remain…

Moody’s warns that the global economy will grow less in 2016. It has also cut its gross domestic product (GDP) estimates for G20 countries as well as oil prices. The rating agency’s latest Global Macro Outlook also has some dire warnings. It predicts that the global economy risks…

Is the Federal Reserve friend or foe? Recent events have drawn attention to the role and influence of this strange institution—some 103 years after its inception—more so than at any other time in the modern era. But who owns the Federal Reserve? It is a story that author…

Peter Schiff: Financial Collapse Real Possibility Peter Schiff, CEO and chief global strategist for Euro Pacific Capital, is sounding the alarm bells once again. In a recent interview on Fox Business, Schiff warned that as long as the Federal Reserve keeps bluffing that it’s going to raise interest…

A global economic collapse might be on the horizon as AP Moeller Maersk A/S (CPH:MAERSK-B), owner of the world’s largest container shipping company, is powerfully ringing the alarm on international trade growth. This week, Maersk warned that it has been facing conditions significantly worse than the 2008 financial…

The U.S. economy is on the verge of a recession and the world could be on the verge of an economic collapse. At least, that’s the opinion of David Stockman. In an interview on Bloomberg TV earlier this week, the renowned businessman and politician delivered a dire warning…

Jim Rogers: Everyone Will Suffer Jim Rogers, the legendary billionaire investor and chairman of Rogers Holdings, says the global economy is about to get pounded into a recession and, as usual, the average person will be the one who suffers. “We’re all going to suffer,” Rogers said in…

Peter Schiff Sounds the Alarm Bells Peter Schiff, CEO and chief global strategist for Euro Pacific Capital, thinks the current U.S. economic recovery is the stuff of fantasy. In a recent interview on CNBC’s Street Signs, Schiff said there is no recovery and that the U.S. economy is…

The U.S. unemployment rate was reported at 4.9% last week, the first time it’s been below five percent since early 2008. Unfortunately, that low number masks what’s really going on in the U.S.: underemployment is still near double-digits, wage growth is a joke, and 15% of Americans receive…

The U.S. economy saw some good news last Friday. The U.S. Department of Labor reported that the unemployment rate dipped to 4.9%—the first time the rate has dropped below five percent since February 2008. U.S. wages also picked up as employers increased hours for workers. So, is it…

Inflation Kills Subway’s $5 Footlong Subway’s “five...five dollar...five dollar footlong” song seems to be outdated—the footlong is no longer five dollars. Yes, it’s time to erase that jingle from our memory for good. Citing U.S. inflation as the reason, Subway is hiking the price of its iconic footlong…

Global Economy on Verge of Recession: Analyst Global financial markets are caught in a slippery death spiral. They will cause a global recession that will spare nobody, say Citigroup analysts. (Source: “Citi: World economy trapped in ‘death spiral’,” CNBC, February 5, 2016.) Citigroup’s Jonathan Stubbs says four trends…

U.S. Economy: Peter Schiff Issues a Dramatic Warning for Investors The disappointing U.S. jobs data has once again sent markets downward on fears of another rate hike from the Federal Reserve. But investor and fund manager Peter Schiff is seeing a rate cut in the cards. Schiff explains…

How Likely Is a Chinese Economic Crash? The thought of a Chinese economic collapse makes most investors’ blood run cold. It would threaten global stability and world markets in a way we’ve never seen before. It is the nightmare scenario. And yet, recent evidence suggests that is exactly…

A Leading Indicator of Unemployment? Is there a way to forecast rising unemployment? Can economists predict a recession before it plunges the U.S. economy into chaos? Lars Christensen certainly thinks so. Mr. Christensen is a famous Danish economist with two decades of experience in banking and government. He…

Bill Gross: U.S. Heading Toward Recession Massive leverage in the financial system could push the U.S. toward economic collapse. At least, that’s according to billionaire bond investor Bill Gross. In his latest letter to investors in his fund Janus Capital, Bill Gross gave a bleak outlook for the…