Friday, August 21, 2015

Do Bubbles Burst? Yes!

I believe we'll see a bounce back soon, but this is only the opening salvo. All bubbles burst! There has never been a financial bubble that didn't eventually burst! There is another major financial crisis brewing. It will be an even bigger one! "You ain't seen nothin' yet!" Eventually, we'll see a US government fiscal crisis too! And both political parties will be responsible!

Thursday, August 20, 2015

Ouch! Recession Warning!

S&P 500 is now negative for the year! And this morning, filings for unemployment increased four consecutive weeks, for the first time in five years!

Wednesday, August 19, 2015