by Mac Slavo | Sep 12, 2019 | Headline News
The trade war has so far killed off about 300,000 jobs and cost Americans about $1.6 billion in tariffs. The taxes are driving up prices and businesses are cutting workers to make ends meet in the face of rising costs. There will be no winner in this trade war, and...
by Mac Slavo | Aug 13, 2019 | Emergency Preparedness, Forecasting, Headline News
In the next year, the chance of an economic recession is now 1 in 3, according to the Bank of America. That’s more than a 30% chance based on the recent data. According to CNBC, there is a bit of good news. The head of United States economics at the Bank of...
by Mac Slavo | Jun 14, 2019 | Emergency Preparedness, Headline News
Even though the number of people who applied for jobless benefits in early June edged up to a five-week high the mainstream media is not yet ready to signal any deterioration in the “strongest United States labor market in decades.” The labor market has...
by Mac Slavo | May 27, 2019 | Headline News
Although talk of a recession subsided early this year, it’s back in full force thanks to the trade war with China. “Call it scare-mongering if you like, but many of the data releases [last] week had the unmistakable whiff of a recession,” said chief U.S....
by Mac Slavo | May 16, 2019 | Headline News
Even though the unemployment rate is historically low, delinquencies on automobile loans have spiked to levels not seen since the 2009 Great Recession. People are increasingly failing to make payments on their vehicle loans and a horrifying number of those delinquent...
