First Podcast! Bad Numbers On The Economic Horizon

By: John Rubino | Tue, Dec 22, 2015
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Interest rates were finally increased after many years of threats/promises by the Fed. Economic numbers coming out of the Philadelphia Fed are decidedly negative and portend more economic weakness. Oil prices are going lower and there's stories of tankers full of the stuff not being able to find a will storage site. This is bad news for the oil patch, the banks and junk bond holders. The bond issuers will be defaulting en masse and this could lead to another banking crisis or a stock market collapse. Corporate profits were down 5% last year and could fall more this year. Combined with the imploding junk bond market there could be a major market collapse in early 2016. So keep your eyes open and be ready for the opportunities that will inevitably arise.

 


 

John Rubino

Author: John Rubino

John Rubino
DollarCollapse.com

John Rubino

John Rubino edits DollarCollapse.com and has authored or co-authored five books, including The Money Bubble: What To Do Before It Pops, Clean Money: Picking Winners in the Green Tech Boom, The Collapse of the Dollar and How to Profit From It, and How to Profit from the Coming Real Estate Bust. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine.

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