Global Economic Collapse and Distress of Nations: HSBC to cut 35,000 jobs worldwide as profits plunge. Bank warns of ‘meaningful’ job losses in UK and of impact of coronavirus outbreak in Asia The Guardian. February 18, 2020 HSBC has said it will slash 35,000 jobs over three years as […]
Blog note. Jesus indicated that ‘fearful sights’ (various natural disasters) would occur leading up to the time known as the Tribulation and Great Tribulation (a combined seven year period of great destruction on earth). Although these types of things have occurred in the past for centuries and thousands […]
Five (5) ways coronavirus could hurt Trump’s economy By Katie Lobosco, CNN Updated 8:11 AM ET, Sun February 9, 2020 Washington (CNN)President Donald Trump is riding into the 2020 campaign on a solid economy. Job creation remains strong, consumer sentiment is up and stocks rose 20% last year. But now, the fast-spreading […]
Global Economic Chaos, Distress and Collapse: The coronavirus is already hurting the world economy. Here’s why it could get really scary Analysis by Charles Riley and Julia Horowitz, CNN Business Updated 12:16 AM ET, Sat February 8, 2020 London (CNN Business) Nearly two decades have passed since a coronavirus known […]
Global Economic Collapse: US dollar collapse will happen this year, gold fund manager reports. 21 Jan, 2020. RT Central banks have been buying massive amounts of gold over the last 50 years, purchasing a historic high of 374.1 tons in 2019. The unprecedented shift has been seen by […]
Global Economic Collapse: IMF boss says global economy risks return of Great Depression The Guardian. January 17, 2020 The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability. Speaking at the Peterson […]
World Bank warns of global debt crisis amid borrowing buildup. The World Bank has highlighted the risk of a fresh global debt crisis after warning of the biggest buildup in borrowing in the past 50 (5) years. $55 trillion (5,5) in total debt. The Guardian. January 8, 2020. In its […]
Huge stock market bubble forming with an inevitable 60% plunge, strategist warns RT. January 4, 2020 The “everything rally” that has engulfed Wall Street is a classic asset bubble just waiting to burst sometime in 2020, CEO of AdvisorShares Noah Hamman told Yahoo Finance. “It will continue on […]
The $20 TRILLION threat that could trigger the next financial meltdown 4 Jan, 2020 07:46 RT A number of recent reports suggest that the financial risk from climate change could be much greater than previously anticipated, and that entire asset classes could come under fire as temperatures continue […]
Half the world’s banks are too weak to survive downturn – McKinsey 22 Oct, 2019 09:09 RT A new survey from consultancy McKinsey & Co has found that a majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs. […]
