If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?

The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking. If we go back and look at the numbers in the fall of 2007, we find that the Dow set an all-time high in October, margin debt on Wall Street had spiked to record levels, the unemployment rate was below 5 percent and Americans were getting ready to spend a record amount of money that Christmas season. But then the very next year the worst economic crisis since the Great Depression shook the entire planet and everyone wondered why most people never saw it coming.

Most People Cannot Even Imagine That An Economic Collapse Is Coming

The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs.

World Bank issues dire warning about Ebola’s economic impact

The economic impact of the Ebola epidemic could reach $32.6 billion by the end of next year if the disease ravaging Guinea, Liberia and Sierra Leone spreads to neighboring countries in West Africa, the World Bank Group said Wednesday. The World Bank’s assessment said the economic impact of Ebola is already serious in the three countries and could be catastrophic if it becomes a more regional health crisis.

News Pelosi: When ‘Obama Won the Election, He Took Us Out of That [Economic] Brink’

At the Americans United rally “Hands Off Social Security & Medicare” at the Capitol on Thursday, House Minority Leader Nancy Pelosi (D-Calif.) blamed Republicans for the economic recession of 2007-09, saying their “lack of regulation and supervision took our country to the brink, and so when President Obama won the election, he took us out of that brink.” “I know you’ve heard from many members of the House and Senate about the importance of the three pillars of security for America’s seniors: