Category: Economic Collapse

Business as Usual? Middle Class Death Spiral: Consumers Have Never Been In More Debt, And Bankruptcies Are Surging

Business as Usual? Middle Class Death Spiral: Consumers Have Never Been In More Debt, And Bankruptcies Are Surging August 13, 2019 by IWB This wasn’t supposed to happen.  During the relative economic stability of the past few years, the middle class was supposed to experience a resurgence, but instead it […]

Business as Usual? Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010

Business as Usual? Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010 August 14, 2019 by IWB But these are the good times. Automakers are not amused. The auto industry depends on subprime-rated customers that make up over 21% of total loan originations. Without these […]

Fed Nominee Judy Shelton Says Global Economy in Very Dangerous Situation Situation Like 1930s… Acting IMF Chief Says It Is Fragile

Fed Nominee Judy Shelton Says Global Economy in Very Dangerous Situation Situation Like 1930s… Acting IMF Chief Says It Is Fragile August 2, 2019 by IWB Prospective Fed nominee Shelton says global economy in ‘very dangerous situation’ like 1930s Judy Shelton, who is President Donald Trump’s likely nominee to the […]

Business as Usual? Stock buybacks are reaching dangerous levels. Corporate “Payout ratios are elevated, cash balances have declined and leverage has risen to a new all-time high.”

Business as Usual? Stock buybacks are reaching dangerous levels. Corporate “Payout ratios are elevated, cash balances have declined and leverage has risen to a new all-time high.” By Matt Egan, CNN Business Updated 12:43 PM ET, Tue July 30, 2019 New York (CNN Business) The US-China trade war might be having a […]

Business as Usual? Walgreens plans to close 200 U.S. stores, according to new SEC filing. CVS has already closed 46 locations this year.

Business as Usual? Walgreens plans to close 200 U.S. stores, according to new SEC filing. CVS has already closed 46 locations this year. Kelly Tyko, USA TODAY | Updated 9:11 p.m. ET Aug. 6, 2019 Walgreens plans to close approximately 200 U.S. stores, the company announced Tuesday in an SEC […]

Business as Usual? California’s largest recycling business closes, 750 laid off. RePlanet closed all 284 of its centers. The move came three years after RePlanet closed 191 of its recycling centers and laid off 278 workers.

Business as Usual? California’s largest recycling business closes, 750 laid off. RePlanet closed all 284 of its centers. The move came three years after RePlanet closed 191 of its recycling centers and laid off 278 workers. Associated Press•August 5, 2019 SAN JOSE, Calif. (AP) — California’s largest operator […]

Economist-in-Chief’ says U.S. Federal Reserve ‘too proud to admit mistake.’ Says Fed must cut rates “bigger and faster.”

‘Economist-in-Chief’ says U.S. Federal Reserve ‘too proud to admit mistake.’ Says Fed must cut rates “bigger and faster.” Reuters•August 7, 2019 WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday the U.S. Federal Reserve must cut rates “bigger and faster” for the United States to be competitive […]