According to the Federal Reserve (Fed), U.S. consumer debt is approaching a record-breaking $16 trillion.

It’s going to be a rough ride. There are estimates energy, food and commodities supply instabilities will trigger double-digit inflation

The Nasdaq's 13% plunge in April was its biggest monthly drop since Lehman's collapse in 2008.

The same "experts" that said "all was fine" just days before the Great Recession of 2008 are leading you down the same deadly road.

The real destruction to the economy and the middle class is – 1.4% GDP plus 20% inflation. Add it up.

Bonds and stocks can lose 30%, 40%, 50%, 60% of their value in the next year or two as we go through this great correction.

When the next shoe drops it’s going to break through along with all the furniture. At this stage there is no slow moving crash.

It all looks like a “garden variety” correction, but some of the charts tell a completely different tale, that of absolute carnage

When the market goes bidless, it's too late to preserve capital, never mind all those life-changing gains.

BUT ON THE SURFACE, STOCKS STILL LOOK HUNKY-DORY.

The latest Headline PCE price index was up 0.61% month-over-month (MoM) and is up 3.58% year-over-year (YoY). Core PCE is now at 3.06%