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Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts" "Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands "Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies" "Left Using '8647' Symbol for Violence Against Trump, Musk" KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel "Trade should work for America, not rule it" "The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP" "How Trump caught big-government fans in their own trap" ‘Are You Prepared for Violence?’ Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible" "Trump signs executive order eliminating the Department of Education!!!" "If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think" "Ending EPA Overreach" Closest Look Ever at How Pyramids Were Built Moment the SpaceX crew Meets Stranded ISS Crew The Exodus Pharaoh EXPLAINED! Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing! Are we experiencing a Triumph of Orthodoxy? Judge Napolitano with Konstantin Malofeev (Moscow, Russia) "Trump Administration Cancels Most USAID Programs, Folds Others into State Department" Introducing Manus: The General AI Agent "Chinese Spies in Our Military? Straight to Jail" Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly "Real problem with the Palestinians: Nobody wants them" ACDC & The Rolling Stones - Rock Me Baby Magnus Carlsen gives a London System lesson! "The Democrats Are Suffering Through a Drought of Generational Talent" 7 Tactics Of The Enemy To Weaken Your Faith Strange And Biblical Events Are Happening Every year ... BusiesT casino gambling day -- in Las Vegas Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel Palestinians: What do you think of the Trump plan for Gaza? What Happens Inside Gaza’s Secret Tunnels? | Unpacked Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225 EXPOSED: The Dark Truth About the Hostages in Gaza New Task Force Ready To Expose Dark Secrets Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start? "Trump wants to dismantle the Education Department. Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes Status: Not Logged In; Sign In Economy See other Economy Articles Title: Bombs Going Off One Level Down Source: dollarcollapse.com URL Source: http://dollarcollapse.com/the-econo ... ombs-going-off-one-level-down/ Published: Jul 21, 2013 Author: John Rubino Post Date: 2013-07-25 13:19:49 by We The People Keywords: None Views: 558 It’s been a strange couple of weeks. US stocks are not far from all-time records, both nominally and adjusted for inflation. Home prices are soaring – up 33% y-o-y in the Bay Area, to take just one of many possible examples. A casual observer might assume that things are going great. But one level down on the headline ladder it’s a very different story. The list of ominous events and trends has suddenly grown a lot longer. Among the bombs that went off last week: Detroit declares bankruptcy For years, analysts have been looking at the balance sheets and pension funds of dysfunctional entities like California, Illinois, Chicago, Detroit, and Oakland and wondering how much longer they could con the markets into believing that they were in any way capable of paying off their debts or making good on their pension obligations. Last week the first domino fell, as Detroit declared chapter 9 bankruptcy. The legal wrangling has just begun but initial bargaining positions have the city trying to eviscerate pension benefits and force massive haircuts on muni bond holders. If they succeed even partially, then the hundred or so other functionally-bankrupt cities may see this as the path of least resistance. The result: Turmoil in the muni market, which is generally considered a near-risk-free cash equivalent. See Avalanche of city debt downgrades and eventual bankruptcies coming up. Corporate revenue growth stalls Google and Microsoft both reported disappoinging revenue growth and their stocks tanked. Revenue is harder to fake than earnings, so it’s a more reliable indicator of big trends. Tech bellwethers reporting weak revenues implies that the economy is itself weaker than we’ve been led to believe. And corporate profits, which have provided much of the fuel for rising equity prices, can’t keep rising if revenues plateau. See The party may be over for tech stocks and Earnings season starting to look like a disaster.  Portugal and Spain descend into chaos Both countries are finding it impossible to cope with life in a relatively-strong-currency regime. Unemployment is at capital “D” depression levels, home prices are plunging, voters are restless. Portugal’s government can’t pull together a working coalition, and the most popular party opposes the continuance of austerity. But the alternative to austerity is an exit from the eurozone. See Portugal political crisis: no end in sight.  Spain’s leaders, meanwhile, seem to have reacted to the economic crisis by trying to steal as much as possible while they could get away with it. Apparently they went to the well a few too many times and now the resulting scandal has reached all the way to the top. With much of the existing government implicated – but still in power – it’s not clear who will be left to do whatever it is that should be done about the economy. See Spain: scandals, lies, graft, and kickbacks There’s more, including massive, insanely ill-timed layoffs in Greece and the IMF calling China’s policies “unsustainable”. But all of it points to slowing – and maybe negative — growth in the US in the coming year, which would make stock and real estate bubbles seem, in retrospect, a bit out of place. Post Comment   Private Reply   Ignore Thread

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