MASSIVE LAYOFFS: The Auto Bubble Is Bursting!
Problems continue to mount as many factories close their doors due to vast bank and government interference as well as financialization of markets…
Continue readinglayoffs
Economic Slowdown: Tesla Announces 2nd Round of Mass Layoffs & Reduced Production
Did Elon’s recent email just signal the beginning of the end for Tesla? The email was not positive. Not one bit. Here are the details…
Continue readingGreg Hunter: President Trump Eyeing Emergency Executive Order To Build $7 Billion Border Wall
Greg has a very important update this week covering everything from NY’s new full-term abortion law to the Southern border wall…
Continue readingThe Coming Recession Will Be Unevenly Distributed
Households, enterprises and organizations that have no debt, a very low cost basis and a highly flexible, adaptable structure will survive and even prosper…
Continue readingMichael Snyder: 2019 Is Going To be Much Worse Than You Think…
Michael says the start of a new year is supposed to be about hope, but the really bad news is that things are likely to get even worse in 2019. […]
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 readingTwo-Thirds Of Americans Think They’re Middle Class, But Millions Of Them Are DEAD WRONG
The middle class has been steadily shrinking, but most Americans still believe that they are a part of it. Millions of them are dead wrong. Here’s why…
Continue readingWorld’s Largest Cleaning Company To Fire 100,000 Workers
The global synchronized slowdown catches up to the world’s largest cleaning company. Here are the details…
Continue readingWhy Tariffs Won’t Create Jobs Or Help The Auto Industry
The main US car-producer association is saying the economic fallout may include the loss of 700,000 jobs across the country. Here’s why…
Continue readingIs Ford About To Announce A Massive 25,000 Jobs Cut? This Morgan Stanley Report Thinks So
Morgan Stanley has just published a report that further justifies the short-term bull case for autos while possibly infuriating Trump. Here are the details…
Continue readingPresident Trump, Mnuchin Call For GM To Pay Back Federal Bailout
GM is facing political backlash from their recent decision to close several North American plants and layoff nearly 15,000 employees. Here are the details…
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 readingAWKWARD: GM Pledged 10,975 Jobs To Trump 4 Months Ago, But Now GM Is Cutting 15,000 Jobs
Well this is awkward, and those job “opportunities” are still counted by the White House and the National Council for the American Worker. Here’s more…
Continue readingGM TO FIRE 15% Of Salaried Workers And CLOSE 7 PLANTS
The cutbacks announced by GM Monday morning were more severe than most analysts expected. Here are the details of GM’s steep cuts…
Continue readingThe Trade War Is Causing “Catastrophic” Job Losses In Wisconsin
Manufacturers have been warning about the negative impacts of the tariffs, and now we see those impacts playing out in real time. Here are the details…
Continue readingHere Come More Job Losses: Tariffs Cost Ford $1 Billion, Company Will Cut Jobs
The tariffs on Chinese goods and retaliatory tariffs have cost Ford $1 billion, and now the car company has a plan to cover those costs. Here are the details…
Continue readingWhy Is The MSM Warning Of A Recession By The End Of 2020 “Worse Than The Great Depression”?
The mood of the MSM is starting to really shift in a dramatic way, and now many outlets are openly warning of a terrible recession. Here are the details…
Continue readingBankrupt America: Bankruptcy Soars As Nation Grapples With Unprecedented Debt Problem
Since Baby Boomers are doing a whole lot better, financially, than the generations behind them, this is very troubling news. Here are the details…
Continue readingTesla Slashes 9% Of Salaried Workforce As ‘Difficult But Necessary’ Reorganization Is Underway
“Given that Tesla has never made an annual profit in the almost 15 years since we have existed, profit is obviously…”
Continue readingRetail Apocalypse Watch: Gonna Need A Sharper Axe Plus Extra Chopping Blocks With This List
“And these are just the people who have announced store closures so far. In an environment hostile to brick and mortar businesses…”
Continue reading