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Worst Debt Crisis Since The Great Depression To Claim 200 More U.S. Banks During 2010 Economics / Credit Crisis 2010 Jan 18, 2010 - 03:56 AM By: Martin D Weiss Washington has so thoroughly botched its supervision of the banking industry that 200 banks are likely to fail this year — easily surpassing last year’s 140 bank failures … inevitably involving the greatest bank losses in history … and already costing the FDIC ten times more than the great S&L and banking crisis of the 1980s did. I am not basing these conclusions on conjecture. They come straight from official...

Three Government Reports Point To Fiscal Doomsday by Martin D. Weiss, Ph.D. 10-05-09 When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action. Or when our leaders have no hard evidence as to what might happen in the future, they can at least claim uncertainty. But when they have full knowledge of an impending disaster … they have proof of its inevitability in ANY scenario … and they so declare in their official reports … but STILL don’t lift a finger to change course … then they have only...

Stocks rallied to start the week thanks to a better-than-expected ISM services sector report and a Goldman Sachs upgrade of big banks, including Wells Fargo, Comerica and Capital One. But all is not right in either the economy or the banking sector, according to Christopher Whalen, managing director at Institutional Risk Analytics. In fact, Whalen says most observers are drawing the wrong economic conclusions from the stock market's robust rally. "Why is liquidity going into the financial sector? It's because the real economy is dying [and] everyone is fleeing into the stocks and bonds because they're liquid at the moment,"...

For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in depression, making the case for the ongoing downturn as a depression with a small ‘d.’ Nevertheless, I was quite optimistic about the ability of policymakers to engineer a fake recovery predicated on stimulus and asset price reflation and I certainly saw this as bullish for financial shares if not the broader stock market. But, I saw these events...

New orders received by U.S. factories posted their first drop in five months in August, government data showed on Friday, going against Wall Street expectations that they would rise. Orders fell 0.8 percent after rising 1.4 percent in July, which was originally reported as a 1.3 percent increase, according to the Commerce Department. Analysts polled by Reuters were expecting them to gain by 0.3 percent. The drop was the first since March, when they fell 1.9 percent. Factory orders were also down when compared to August 2008, by 22.5 percent.

New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession. The Commerce Department said Friday that demand for manufactured goods dropped 0.8 percent, much worse than the 0.7 percent gain that economists had expected. The August decline reflected plunging demand for commercial aircraft, a category that surged in July.

October tumble

I don't agree with Dr. Manning that this government will deliberately create a lasting depression so as to create a Socialist country. We are already there. I also want to say that Economies are . . . .

This is an alert that a stock market crash is imminent in the TSX, Dow, and other global stock markets. Get out now before it's too late! Safety can be found in gold, silver, and bonds. It is imperative that you take cover now. The coming weeks will be turbulent to say the least. The crash will start Wednesday or Thursday of this week. Get out of long positions. REPEAT: Get out of long positions! I don't care if you're invested for the long term. The Dow is going to 2300. It will be a stomach-churning ride if you have...