U.S. Records 18,000+ New Coronavirus Cases in Single Devastating Day

The United States has become the epicentre of the coronavirus pandemic. Confirmed U.S. cases has overtaken China and this is ‘only at the beginning’. 85,991 Americans have been infected with the death toll hitting 1,000. Coronavirus cases in the U.S. have accelerated so fast – jumping by 18,000 cases on Thursday – the nation has …

U.S. Recession Trigger Flashes Red – MIT Scientists Give It 6 Months

The yield on the 10-year U.S. Treasury note has fallen below the yield on the 3-month T-bill, stoking fresh recession talk. Long-duration bond yields are plunging on growing haven demand as coronavirus infects over 73,000 people. Researchers at MIT have used a scientific model to predict the likelihood of recession. The results don’t look good. …

Dow’s Absurd Rally Continues After Key Boeing Resignation Offsets Dismal Economic Data

U.S. equities rally to new all-time highs on Monday, with the Dow adding as much as 126 points. Boeing, the Dow’s largest component, rallied as much as 3.8%. Lackluster reports from the Commerce Department cast a shadow over the U.S. economy. The Dow and broader U.S. stock market rallied to new all-time highs Monday, as …

A U.S. Housing Market Bubble 10 Years in the Making May Pop in 2020

Evidence that the US housing market has become a bubble is starting to stack up. The affordability of US homes has dropped significantly, making it difficult to attract new buyers. The current climate in the housing market is conducive to dangerous lending as buyers overextend. In the lead-up to 2020, the US housing market faces …

Was the November Jobs Report Manipulated?

Stellar jobs report pushed the Dow higher on Friday. Extremely high discrepancy between the ADP and BLS jobs reports raises the possibility of government manipulation. Part-time jobs are making the headline numbers appear deceptively good. U.S. jobs growth in November jumped at the fastest pace in ten months and smashed all estimates. The official report …

U.S. Treasury Yields Plunge Ahead of What’s Expected to Be a Disastrous Nonfarm Payrolls Report

U.S. government debt yields tumbled on Thursday, as demand for Treasurys rose over concerns that the United States and China are no closer to finalizing a comprehensive trade agreement even once a partial deal is reached. Attention shifts to economic data on Friday, with the Labor Department expected to release a volatile batch of nonfarm …

The U.S. Yield Curve Tells Us That a Devastating Recession Is Unavoidable

U.S. government debt yields have risen over the past two months, correcting a frightful inversion between the 2-year and 10-year Treasury notes that sparked concerns of an imminent recession. Just because the so-called ‘recession indicator’ is correcting itself, don’t be fooled into thinking the dangers have gone away. As a matter of fact, the Treasury …

Millennials are Killing the Economy… Because They’re Saving Money

Millennials have been accused of killing a lot of industries (cereal, beer, housing, mayonnaise, napkins, and politics). But this might be the stupidest theory of them all. According to one investment bank, millennials are killing the entire economy. And how? Because they’re doing the decent thing and trying to save their money. Slow economy? Blame …