How Can These Two Trends Coexist?
People making money are indulging in new cars. At the same time other people are too broke to cover their payments. This is the result of a seriously screwed-up financial system […]
Continue readingAuto Sales
Recent Economic Data: More Fiction Than Fact
It appears that most of the sugar high from the Fed’s money printing and the CARES Act has worn off…
Continue readingRetail Sales Headlines Are A Complete Joke
Without question the economy is not even remotely close to being in the “V” recovery that is implied by the action in the stock market…
Continue reading18 Signs That We Are Facing A Record Breaking Economic Implosion In 2020
Anyone that was hoping for a quick “return to normal” can forget it, because “normal” is about to be completely redefined…
Continue readingMichael Snyder: They Shutdown America To Slow Coronavirus, But They Killed The Economy In The Process
Will our economy ever be the same again?
Continue readingTHE CONTAGION HAS SPREAD: GLOBAL AUTO MARKET COLLAPSE
It’s no secret the auto market worldwide has been mired in recession, and it looks like the collapse won’t slow anytime soon…
Continue readingLive In One Of These 12 States And Your Gasoline Tax Was Just Hiked As Much As $.19/Gallon Today!
Good thing there’s no inflation…
Continue readingFord Motor Company To Layoff 7,000 White-Collar Workers
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Stitcher | Email | RSS
Ford Motor Company is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 […]
Continue readingTrump Says Ford Pledges 55,000 Opportunities, Ford Says Cutting Hundreds Of US Jobs This Week
Yet another Trump MAGA lie exposed as Ford announces it’s cutting 7,000 jobs, starting with hundreds in the US this week. Here are the details…
Continue readingRunning Out Of Steam: RETAIL SALES AND INDUSTRIAL PRODUCTION SLUMP IN APRIL
Consumers appear to be running out of steam, and the reports are showing a slump in industrial production and downward revisions to…
Continue readingAUTO LOAN DELINQUENCIES SPIKE TO GREAT RECESSION LEVELS
People are increasingly failing to make payments on their vehicle loans, and now the delinquencies are at crisis levels. Here are the details…
Continue readingMichael Snyder: I Dare You To Say “Booming Economy” After Reading These 19 Facts
The latest numbers are clearly telling us that the U.S. economy is not even moving in the right direction. Economic conditions are getting worse, and…
Continue reading14 Very Alarming Numbers That Reveal The Current State Of The Economy
Our economy is headed for an epic crash. Many people think the economy is in good shape, but these 14 numbers paint a very different picture…
Continue readingCash For Clunkers: Yet Another Way Government Increased The Cost Of Living
The interventionist program was a massive policy failure for several very predictable reasons…
Continue readingThe Global Economy Is Sinking Fast, And It’ll Take The US Economy With It
People think the US recovered from the December scare, but the global economy is rapidly sinking, and it’ll likely take the US economy with it. Here’s why…
Continue reading“Unavoidable Global Recession”: Warnings Get Louder As Economic Numbers Keep Deteriorating
Economic numbers all over the world continue to get worse, and unfortunately, most Americans still have absolutely no idea this is happening…
Continue readingMore Global Economic Woes: Jaguar Land Rover To Axe Thousands Of Jobs As Auto Demand Drops
Falling auto sales in China an Europe are taking their toll. Here’s the latest car company to announce major layoffs amidst the global slowdown…
Continue readingCharles Hugh Smith Asks: Are We In Recession Already?
The value of declaring the entire nation in or out of recession is limited, especially if the top 10% never even feels it. Here’s more…
Continue readingTraderStef: Goldilocks Recession Is Right Around The Curve
Many signs point to a recession that is right around the curve. From plummeting hotel reservations to yield curve inversion, here’s TraderStef to explain…
Continue readingVictims Of The Same Ponzi Scheme: GE & GM Are Telling Us The US Economy Is In HUGE Trouble
America’s twin economic “generals” are both in very deep trouble, and they are signaling huge trouble in the US economy. Here are the details…
Continue reading