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Peter Schiff Warns Of Coming U.S. Economic Collapse 2012
Another Stock Market Crash Looming: Get Out of The Stock Market NOW!!
Peter Schiff: Much Bigger Collapse Is Coming, Worse Than Europe
Peter Schiff Warns of Coming U.S. Economic Collapse 2012
Peter Schiff warns of the inevitable U.S. economic collapse which will occur unless serious changes are made to our monetary policy.
Keiser Report – Triple-Dip Recession Nightmare
BIG MAC BUST: SALES DROP FIRST TIME IN DECADE
Chart Of The Day: When $0.99 Becomes Unaffordable, We Have A Problem
Earlier today, fast food juggernaut McDonalds reported same store sales for the month October. At -1.8%, this number was well below expectations of -1.1%, and a drop from September’s 1.9%. It was driven by a 2%+ drop in comp store sales across all locations: US, Europea and APMEA, with the US performing just as bad as Europe
. Most importantly, this was the first monthly drop in MCD comp sales since March 2003! So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?
Charting the last 4 years of McD sales, and eagerly looking forward to 4 more years.
via Businessinsider:
McDonald’s Corporation today announced that global comparable sales decreased 1.8% in October. Performance by segment was as follows:
- U.S. down 2.2%
- Europe down 2.2%
- Asia/Pacific, Middle East and Africa down 2.4%
All Major Market Tops Have Coincided With A ‘Record Earnings’ Peak
What you should know about the serious slowdown in stock market earnings
FIRE IN THE DISCO!
Today, I’d like to talk about the relationship between earnings recessions and economic recessions. Because we’re beginning to have the former, which typically leads to or coincides with the latter. Don’t get mad, that’s what the data says.
This is important because stocks should not continue to climb under these circumstances. Note that I said “should not,” not “will not.” Seth Klarman of the Baupost Group would agree with me. Here’s what he told his investors in a letter the other day (via Distressed Debt Investing):
“The overall market environment seems increasingly risky to us, as securities prices are rising despite weak and generally deteriorating global fundamentals. U.S corporate earnings are expected to be lower this quarter. Higher markets in the face of eroding fundamentals can be a toxic combination. A market rising for non-fundamental reasons (i.e., QE and ECB bond repurchases) is always one that demands a healthy dose of skepticism.”
…
I want to show you something, it comes from Barry Knapp and his team at Barclays (via PragCap). It is very not good and it concerns the state of US earnings prospects…/
MORE HERE
I would say that it more likely had to do with the election except that Europe and Asia are down as well.
old clip this is old fucking news
The man has something to sell. They all do from Glenn Beck to Gerald (I got it wrong on obama) Celente.
In case you didn’t know it they talk like this all the time. They are PAID to do this.