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Explosion or Implosion?: February 19, 2020

Gold price holding steady following mixed U.S. housing construction numbers Gold prices are holding gains above $1,600 following mixed construction activity in the U.S. housing sector picked up in January. Commerce Department said on Wednesday that U.S. housing starts fell … Continue reading

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Yeah, Sure – a BOOMING Economy?

10:25 a.m. (EST), February 17, 2020: Pier 1 Imports Files for Chapter 11 Bankruptcy Pier 1 Imports has filed for bankruptcy with plans to sell the company, less than two months after the troubled home-decor retailer said it planned to … Continue reading

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Dateline: February 13, 2020

This turbocharged debt cycle will end miserably — it’s just a matter of when It is clear that it would have been a very hard sell a year ago that every single risk-on asset class from equities, to corporate bonds, … Continue reading

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Dateline: February 12, 2020

The State of the American Debt Slaves Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and HELOCs – jumped by $187 billion in the … Continue reading

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The Key to a Sustainable Economy Is 5,000 Years Old

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt … Continue reading

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You may not have as much in your 401(k) for retirement as you think

This one number will help you more accurately plan for retirement — thanks to the Secure Act. A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — … Continue reading

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What choice do we have???

One thing Trump (did NOT) brag about in his State of the Union… his plans to cut Social Security, Medicare and Medicaid His tax cut isn’t helping the economy, but it did blow a hole in the budget that he’d … Continue reading

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Dateline: February 4, 2020

Fake News And The “Healthy Economy” Myth The “narrative” architects and fairytale spinners are desperately looking for evidence to fit their “consumer is still healthy / economy still fine” propaganda. The hype over strong holiday sales was premature if not … Continue reading

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