Stockman Exposes Jobs Report Lie: Only 11,000 Created
Here's a newsflash that CNBC didn't mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December, says Newsmax Finance Insider David Stockman. [Full Story] Related Stories
Morgan Stanley Sees $20 a Barrel Oil A rapid appreciation of the U.S. dollar may send Brent oil as low as $20 a barrel, according to Morgan Stanley.Oil is particularly leveraged to the dollar and may fall between 10 to 25 percent if the currency gains 5 percent, Morgan Stanley analysts say.[Full Story]
Faber: Buy Gold, Mining Shares as S&P 500 Collapses
Marc Faber, editor of the "Gloom, Doom & Boom Report," advises investors that now is the best time to buy gold and gold-mining stocks because the rest of the volatile stock market will continue to tumble. [Full Story]
RBS Warns Investors: 'Sell Everything' as Crisis Nears
The Royal Bank of Scotland reportedly has advised clients to brace for a "cataclysmic year" and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel. [Full Story]
SocGen Bear Albert Edwards: S&P 500 Will Plunge 75%
Albert Edwards, the Societe Generale economist known for his dire predictions, warns that stocks will plunge 75 percent if the U.S. economy could plunge into a recession sparked by global deflation and weak U.S. manufacturing output. [Full Story]