The market action from Friday January 29th has shown me one very serious probability. The Depression of the Western World may be coming soon. For those of you that doubt this fact, please continue to read. We have all read the articles the Economic Analyst puts out each day and I am sure you have [...]
Switzerland’s justice minister warned in an interview on Sunday that top bank UBS could collapse if sensitive talks with the United States over a high-profile tax fraud investigation fall through.“The actions of UBS in the United States are very problematic. Not just because they are punishable but also because they threaten all of the bank’s [...]
Howard Simpson counts himself among those on the chopping block. An Allstate agent in central Ohio from 1967 until last month, Simpson said he was asked to either sell his agency by Jan. 1 or accept a $130,000 termination payment. Allstate was unhappy, Simpson said, because the number of policies in his portfolio fell 1.5 [...]
This chart is downright troubling. Who would have thought that Michigan and California would lead the way in 2009 with underemployment rates over 21 percent? Michigan has had issues for many years and their economy pulls in a GDP of $380 billion. But California being the biggest economic state in our country with a GDP [...]
At the beginning of the week, financial research firm and industry online publication The Davian Letter posted a story that compared a Morgan Stanley research note written by Jim Caron to a story published by Tyler Durden at Zero Hedge. The Davian story laid out an argument that Zero Hedge was taking data charts from [...]
NOTE: This blog has had the most views this month since inception! Forward this site to your friends and relatives today! “Our immersion in the details of crises that have arisen over the past eight centuries and in data on them has led us to conclude that the most commonly repeated and most expensive investment [...]
Brace yourself for the impending gold shortage. Gold shortage? Yup. With the launch of a flurry of ETF’s devoted to the barbaric relic recently, total ETF holdings have soared well past 60 million ounces worth $65 billion, more than total world production in 2009. The grand Daddy of them all, the SPDR Gold Shares (GLD), [...]
WARRENTON, Ore. — After Jean Ley lost her job as a mental health counselor in June 2008, she quickly realized how limited her options were. She had little savings. Unemployment benefits were not going to be enough to pay her bills. She was at risk of losing her home here on the Oregon coast.As a [...]
Note: Circulate this article and The Coming Economic Depression Blog to your friends, relatives and co-workers today! The Federal Reserve reported a $45 billion profit for 2009, making it the most profitable financial institution in the nation. Many news outlets put a positive spin on this report, saying it was great news for the economy [...]
