Financial analyst Bo Polny made a huge contrarian call on election night 2018. He predicted the stock markets would not rally but sell off by the end of the year. He was right, the DOW was down nearly 20%. What is he predicting now? Polny says, “The reason the stock market crashed in the month of December is because, basically, we are leading up to the greatest crash in history, which is going to hit this year. The crash that happened in December is only a prelude to what comes this year. So, that was only leg one down, and leg two is going to be much, much worse. It’s a replica of the great crash of 1929. That massive crash is about what is to be experienced this year but worse.”

Just because society experiences turmoil doesn’t mean your personal life has to. And a depression doesn’t have to be depressing. Most of the real wealth in the world will still exist—it will just change ownership. Read More.

There was a time when in the years following the financial crisis, every Friday the FDIC would report of one or more small and not small banks failing, as their liabilities exceeded their assets, who were taken over by larger peers with a taxpayer subsidy to cover the capital shortfall. And while this weekly event, also known as “FDIC Failure Friday” has faded from the US, for now, it has made a grand appearance in China. Read More.

Renowned geopolitical and financial cycle expert Charles Nenner says if there was ever a global canary in the coal mine warning for the financial system, it is Germany’s Deutsche Bank (DB). Late last year, Nenner predicted if DB stock went below $8 a share, “You should be worried.” Recently, DB stock hit all-time lows and now sits around the $7.50 per share level. Read More.

Legendary trader, risk analyst, and author, Nassim Taleb, recently spoke with Yahoo Finance about his concerns over the swelling public debt. Read More.

This past weekend, I was digging through some old articles and ran across one that needed to be readdressed on “human stupidity” as it relates to investing.

The background was a study done in 1976 by a professor of economic history at the University of California, Berkeley. Carol M. Cipolla published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity. Read More.

Jeff Gundlach has been a recurring presence in the financial press over the past couple of weeks due to his ninth consecutive appearance at Sohn, to an ensuing interview with CNBC, as well as his latest web presentation. Read More.

Fed Chair Jerome Powell is preaching economic nonsense regarding inflation. His worry is the US becomes Japan. Read More.

The Federal Reserve, by manipulating interest rates and creating money out-of-thin air, produces economic bubbles that must always end in painful economic busts. Have you ever noticed that Fed officials never actually acknowledge any of this? They never warn Americans ahead of time and everyone acts surprised when it all comes down. Ron Paul explains why this is so on today’s Liberty Report!

At the beginning of this year, I was at dinner with my wife. Sitting at the table next to us, was a young financial advisor, who was probably in his mid-30’s, meeting with his client who appeared to be in his 60’s. Of course, the market had just experienced a 20% correction from the previous peak and the client was obviously concerned about his portfolio. Read More.

With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control.” Read More.

The escalating U.S.-China trade war is threatening to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control. Read More.

For the last several years, there has been a tremendous amount of activity and hype in the tech startup arena. In addition to the tens of thousands of startups that been founded in recent years, there are over three-hundred new “unicorn” startups that have valuations of $1 billion or more. Most of these unicorns came of out virtually nowhere and amassed tremendous valuations despite hemorrhaging cash, which is a tell-tale sign of a bubble. Read More.

After a tumultuous week ended on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Then came Monday, when the biggest sell-off in four months more than doubled last week’s damage. Read More.