Prophecy in today's headlines

Delaying Tax Vote Could Crash Stock Market

Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts. Read More

Stock Market Dives Nearly 1000 Points, Fear of Greek Debt Crisis Spreading

In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on worries about the spreading European debt crisis before paring those losses in an equally rapid rebound. The apparent trigger for the massive selloff, which began shortly after 2 pm ET, was the approval of austerity measures by […]

Debt Dynamite Dominoes: The Coming Financial Catastrophe

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic […]

Buy Farmland and Gold – Market Pundit Mark Faber

The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign […]

Be Prepared, The Worst Is Yet To Come

The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to […]

Leading Economist: I Fear The Worst Is Yet To Come – Markets May Have To Close

As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland

Black Friday? Stock Markets Brace For The Worse

There wasn’t much new in U.S. markets Thursday, and that was the problem. Credit markets remain mostly frozen, as wary banks still refuse to lend to one another despite the federal government’s attempts to break that logjam. The plan for the Treasury to buy up $700 billion in bad loans from banks now is roundly […]

Bailout – Too Little…Too Late or Just The Beginning?

The world’s financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government’s financial rescue package — and watch for any further fallout from the credit crisis around the globe. The markets have switched their focus to the world economy now that the $700 billion […]