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 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: A US trade war with EU puts world ‘straight into a recession,’ ITC chief says PUBLISHED WED, OCT 16 201912:14 PM EDTUPDATED WED, OCT 16 2019 The head of the UN agency responsible for promoting trade across the developed world has warned that a tariff […]
Global Economic Collapse: Did you enjoy the good times? Because the economic outlook for Australia has tanked The Guardian, October 16, 2019 Every six months the IMF releases its world economic outlook, which gives us its view of how the economies around the world are travelling. The rather […]
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 […]
Global Economic Collapse: World Bank says India faces severe slowdown, cuts GDP forecast Arabian Business, October 13, 2019 World Bank said the main sources of risk include external shocks that result in tighter global financing conditions, and new defaults by non-banking financial companies triggering a fresh round of […]
Global Economic Collapse: ‘There Will Be a Recession. The Question Is When.’ Nobel Prize-Winning Economist Robert Shiller Says a Recession Could Discredit President Trump Billy Perrigo. Time•October 14, 2019 Nestled in an armchair in a high-ceilinged London reception room, the Nobel laureate Robert Shiller is asking me about […]
Global Economic Collapse: World economy is sleepwalking into a new financial crisis, warns Mervyn King (Former Bank of England Boss). ” A choice between financial armageddon and a suspension of some of the rules .” Past crashes spawned new thinking and reform but nothing has changed since 2008 […]
Global Economic Collapse: Think young people are hostile to capitalism now? Just wait for the next recession. Income inequality is the highest it’s been in America since the Census Bureau began tracking it over Fifty (50) years ago. Household debt has exceeded levels seen in 2008, reaching almost $15 (5+5+5) trillion earlier […]
Global Economic Collapse / Chaos: EU Seeks to Halt U.S. Tariffs Over Airbus Aid in Last-Gasp Plea. The WTO cases over subsidies to Airbus and Boeing are 15 years old. Because of the calendar, the U.S. is entitled to strike first and the EU would follow suit sometime […]
