Global economy faces ‘awfully high’ risk of recession in the next 12-18 months, warns Moody’s 16 Oct, 2019 10:45 RT There’s an “uncomfortably high” chance that a recession could hit the global economy in the near future, according to Mark Zandi, chief economist of Moody’s Analytics. Policymakers may […]
EXPLODING End Times Economics and Global Financial Collapse: ‘Conducting commerce will require a mark, name or number of a beastly worldwide financial system.’ ‘Climate Apartheid: Where food is so expensive, only the rich can afford to eat.’ ‘A Measure of Wheat for a Penny’: 25 (5×5) ‘just yesterday’ […]
Global Economic Collapse: Hope For A U.S.-China Trade Deal Is Completely Dead, And Wall Street Is Starting To Panic December 4, 2019 by IWB. Michael Snyder. The reality of what we are now facing is starting to sink in for Wall Street investors, and they are starting to panic. Hope […]
Global Economic Collapse: Geopolitical Risks Are The Greatest Challenge to Global Economies. Political disruption (distress of nations, civil unrest, discord, violence, rumours of wars) is the dominant risk to global economies in the current era. WOW, where have we heard that before!? Blackstone. Where have we seen that […]
Global Economic Collapse: Former US envoy says Chinese officials anticipate ‘partial decoupling’ of the nations’ economies. A ‘Calm’ before the storm. Lee Jeong-ho. South China Morning Post•December 5, 2019 “We met with the Ministry of Foreign Affairs, the central party … and people at the National People’s Congress […]
Global Economic Collapse: ‘Schnitzel Alert!’ Not very many piggies went to market. You must ‘Fork out to Pork out’: Germany’s ‘schnitzel alert’ echoes around Europe. Sharp rise in wholesale pork prices prompts warnings over cost of bratwurst, chorizo and other seasonal fare due to pork shortages from ‘swine […]
Global Economic Collapse: Global Bank Job Cull Tops 75,000 This Year as UniCredit Cuts 9 (3×3) of its workforce. Italian lender to eliminate 8,000 (8) roles in latest plan. Europe leads global tally as negative rates weigh on banks. A new ‘era’ in bank downsizing. Just-in-time for Christmas […]
Global Economic Collapse: Another 1,000 (5+5) truck drivers lost their jobs in November, and it’s a chilling sign for the economy. The job cuts come at a time when the trucking industry should be ramping up ‘just-in-time’ for Christmas. Rachel Premack Business Insider•December 6, 2019 The trucking industry […]
Global Economic Collapse: American jobs are getting worse. The last three (3) decades have seen the economy churn out more and more jobs that offer inadequate pay. 60% (6) of all jobs that were created since 1990 (past 30 years, 6×5) were low-wage, low-hour jobs. Median pay of […]
Global Economic Collapse: 70% (7) of Americans say they are struggling financially. Survey of more than 5,000 (5) Americans. 25% (5×5) of renters say that affording their payments is difficult or very difficult. 18% (6+6+6) are considered financially vulnerable. 50% are “coping.” Five (5) issues assessing people’s financial health […]
