Helping You Survive and Prosper in the Greater Depression
The Federal Reserve's money supply keeps contracting. Last month, the U.S. central bank's M2 money supply contracted 2.35 percent, the third consecutive monthly decline. Here is the chart: For the first time it started sharing this data … [Continue reading] about Federal Reserve money supply contracts for third straight month, falls 2.35% in February
The Friday non-farm payroll (NFP) report is going to be huge as it might show that the strong U.S. labor market could finally be cracking. So, heading into the March jobs numbers, this is what we have seen this week: ISM Manufacturing … [Continue reading] about The state of the U.S. labor market heading into March jobs report
Did you know that America's emergency oil stockpiles had a withdrawal last week? It seems many media outlets have, except for Nikkei. For the week ending March 31, the U.S. Strategic Petroleum Reserve (SPR) fell 404,000 barrels to 371.175 … [Continue reading] about U.S. emergency oil reserves fell 400,000 barrels last week, total lowest level since November 1983
Recession talk is flooding Wall Street again. It has been a week of abysmal data, which weighed on a regional central bank's GDP estimate. The Federal Reserve Bank of Atlanta trimmed its GDPNow estimate for the first quarter to 1.5 percent, … [Continue reading] about Atlanta Fed Bank’s GDPNow first-quarter estimate trimmed to 1.5%
Ouch. TD Bank, which is Canada's second-largest financial institution, is the biggest bank short in the world today. Short sellers are betting $3.7 billion that shares are going to tank, followed by BNP Paribas, Bank of America, and JPMorgan … [Continue reading] about TD Bank is the biggest bank short as investors bet $3.7 billion against Canada’s second-largest institution