After decades of empty promises and wishful thinking from every Republican and Democratic administration, the U.S. has finally achieve two things: energy independent and net oil exporter. In other words, the U.S. has transformed into Saudi America. Last week, the U.S. sold a net 211,000 barrels per day (bpd) of crude and refined products overseas, […]
Archives for December 2018
Should the right stop poking fun at Alexandria Ocasio-Cortez?
By: Jeff Charles Conservatives, I think we might have a problem. We have a problem with Representative-elect Alexandria Ocasio-Cortez. No, it has nothing to do with her incoherent policy proposals, or her obvious inability to explain them. It’s not the fact that she’s pushing for policies that would create a much bigger government while raising taxes […]
Is a recession nigh? Wall Street increasingly hints at 2019 contraction
President Donald Trump is reportedly “glued” to the stock market as equities collapse and the Dow Jones wipes out all of its 2018 gains. Remember, he routinely claimed that it was because of him that the stock market posted record gains since coming into office, which ultimately makes him a fall guy when stocks crumble. […]
Week in Review: December 3 to December 9
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: PENCE EFFECT: New Wall Street rule is to avoid women Ron Paul: Trump’s foreign policy insanity – doing the same thing and expecting different results $21 TRILLION: Math […]
Random Friday: November jobs, yield-curve inversion, Jennifer Rubin
News Story of the Day: The U.S. jobs market is still healthy, but the economy posted a weaker-than-expected labor report for November. According to the Bureau of Labor Statistics (BLS), the U.S. economy added 155,000 new jobs last month, lower than market estimates of 190,000 jobs. The unemployment rate remained at a 49-year low of […]