Category: Economic Collapse

Global Economic Collapse: China asks WTO for $2.5 (5×5) $billion in NEW sanctions against U.S. in latest clash. Tit-for-tat tariffs over the past 15 (5+5+5) months that have roiled financial markets and resulted in a sharp drag on global economic growth.

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Global Economic Collapse: China asks WTO for $2.5 (5×5) $billion in NEW sanctions against U.S. in latest clash. Tit-for-tat tariffs over the past 15 (5+5+5) months that have roiled financial markets and resulted in a sharp drag on global economic growth. By Stephanie Nebehay. Reuters•October 21, 2019 GENEVA […]

Global Economic Collapse: 70% of households preparing for recession, even as U.S. economy continues to grow. Geopolitical news, including Brexit and trade conflict between the U.S. and other countries, have continued to cast clouds.

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Global Economic Collapse: 70% of households preparing for recession, even as U.S. economy continues to grow. Geopolitical news, including Brexit and trade conflict between the U.S. and other countries, have continued to cast clouds. Published: Oct 20, 2019. Market Watch. Some 70% of participants in a recent poll said they were […]

Global Economic Collapse: ‘Fully prepared to destroy economy’: Trump sanctions Turkish officials, raises steel tariffs Fifty (50%) & stops $100bn (5+5) trade deal. ‘Threatening peace and security.’

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Global Economic Collapse: ‘Fully prepared to destroy economy’: Trump sanctions Turkish officials, raises steel tariffs Fifty (50%) & stops $100bn (5+5) trade deal. ‘Threatening peace and security.’ 14 Oct, 2019 20:07 RT Accusing Turkey of endangering civilians and threatening peace and security with its Syrian operation, US President […]

Global Economic Collapse: Banks expect to cut business lending at fastest rate since 2008 crash Bank of England survey shows plan is response to rising defaults and a fall in demand

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Global Economic Collapse: Banks expect to cut business lending at fastest rate since 2008 crash Bank of England survey shows plan is response to rising defaults and a fall in demand The Guardian. October 17, 2019 Banks expect to cut their lending to businesses in the run-up to […]

Global Economic Collapse: IMF, World Bank leaders appeal for an end to trade wars. Start laying the groundwork to ‘update the rules of world trade.’

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Global Economic Collapse: IMF, World Bank leaders appeal for an end to trade wars MARTIN CRUTSINGER and BANI SAPRA. Associated Press•October 18, 2019 WASHINGTON (AP) — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening […]

Global Economic Collapse: Europe Scrambles to Avert Brexit Strains on World Economy

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Global Economic Collapse: Europe Scrambles to Avert Brexit Strains on World Economy Jonathan Stearns. Bloomberg•October 17, 2019 To understand how Brexit threatens to morph quickly from a European political firestorm into a global trade headache, consider a line from the Federal Reserve’s Beige Book this week.  “A Virginia manufacturer […]