This isn’t exactly an article loaded with Christmas cheer, but there’s a very good reason that my family has strictly limited our holiday splurges this year. It’s because all the signs right now seem to indicate the US is hurtling toward an economic collapse.
The stock market is crashing.
The stock market bears close watching over the next couple of weeks, for sure. To learn more about surviving a market crash, go read this article. To learn how to protect your money even if you don’t invest in the market, read this article.
“Once this volatility shows that we’re not going to resume the bull market, then people are going to rush for the exits,” Paul said Thursday on CNBC’s “Futures Now. ” The relentlessly bearish former congressman added that “It could be worse than 1929.”
During that year, the stock market began hemorrhaging, falling almost 90 percent and sending the U.S. economy into a tailspin.
Paul, a well-known Libertarian, has been warning Wall Street a massive market plunge is inevitable for years. He’s currently projecting a 50 percent decline from current levels as his base case, citing the ongoing U.S.-China trade war as a growing risk factor.
The treasury futures market isn’t looking good either
An enlightening article by Jeffrey Snider of Alhambra Investment Partners explains why we need to be watching the Treasury futures market. Here are the highlights:
It’s now down almost 10% in just a few weeks, more importantly setting a new low for the year (lower lows). While that has surprised many, the Treasury futures market issued up what might have been the biggest warning yet the last week in November…
The amount of corporate, personal, and national debt is mind-blowing.
Brandon Smith explained it well in a must-read article on Alt-Market. Here’s an excerpt that perfectly sums up our situation.
Is the Fed trying to crash the market?
The Federal Reserve has decided not to come to the rescue this time. All of the economic numbers tell us that the economy is slowing down, and on Wednesday Fed Chair Jerome Powell even admitted that economic conditions are “softening”, but the Federal Reserve raised interest rates anyway. As one top economist put it, raising rates as we head into an economic downturn is “economic malpractice”. They know that higher rates will slow down the economy even more, but it isn’t as if the Fed was divided on this move. In fact, it was a unanimous vote to raise rates. They clearly have an agenda, and that agenda is definitely not about helping the American people.