Economy
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Student loan delinquencies skyrocket. Retail spending and home improvement spending declines. Baltic Dry Index Falls declines again. The Pension bubble has started to burst. Personal tax receipts and state sales tax receipts decline – showing the economy is failing. ECB begins purchasing corporate debt.
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With silver prices lingering, what could this mean for the stock market?
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US corporate bond market fuse has been lit – and will push the economy over the edge;
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Companies are now reporting more layoffs are on there way as Central bankers are continually suppressing gold before the economy collapses.
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Retail sales are in decline and gold demand is off to the fastest start ever in 2016:
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Zerohedge reports, While this should be no surprise to any rational non-establishment-teet-suckling economist, former McDonalds’ CEO Ed Rensi exclaims, in a recent Forbes Op-Ed, that “a $15 minimum wage won’t spell the end of [fast-food brands].
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More than half of millennials oppose capitalism in its current form, according to a Harvard University poll. Boom Bust’s Ameera David talks to former Representative Ron Paul (R-Texas) to get his take on why the system isn’t working for younger Americans.
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Hundreds of department stores will be closing by the end of this year. Home prices are stagnate in some areas and declining in others as the housing bubble leaks.
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Prepare for total collapse – moral, economic, and spiritual:
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The Government illusion of a recovery is falling apart, we will surpass the layoffs in retail during the great recession of 2008. Homes sales decline once again, prices are falling, the bubbles are popping.
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