Plunging prices could force a third of U.S. oil firms into bankruptcy (MarketWatch.com) “…The current downturn is now deeper and longer than each of the five oil price crashes since 1970, said Martijn Rats, an analyst at the bank (Morgan Stanley)…” READ…
From Telegraph.co.uk | On Monday 14 October 2013 US default fears prompts China’s state-run media call for the world to “de-Americanise” as Christine Lagarde warns of “massive disruption the world over the looming prospect of a US default on debt prompted China…
By Greg Hunter | From USAwatchdog.com | On Wednesday, December 19th, 2012 Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be…
From TheWallStreetJournal.com | On Monday, July 16th, 2012 According to Al Lewis on The News Hub, we’re actually in a depression right now, but most people don’t see it. One out of seven Americans are on food stamps – if they weren’t…
By Beckett Adams | From TheBlaze.com | On Wednesday, May 23rd, 2012 A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy…
By Forrest Jones | From http://www.moneynews.com | On February 29th, 2012 Despite improving economic indicators, the U.S. economy remains at risk for a double-dip recession, which would indicate the country is likely mired in depression, says James Rickards, a hedge fund manager…
