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: 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: ‘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: 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 […]
Global Economic Collapse, Chaos: Wait for It: The Middle East Is About to Convulse Again. The region’s economic prospects look increasingly bleak and the governments are incapable of coping with them. Seven (7) countries on the verge of economic collapse and anarchy. An additional three (3) countries have […]
Global Economic Collapse, Chaos: Nations must unite to halt global economic slowdown, says new IMF head In her first speech, Kristalina Georgieva says looming crisis requires coordinated, worldwide, governmental response. Cumulative effect of trade conflicts could mean a loss of around $700bn by 2020. Seven (7) denotes God’s […]
Global Economic Collapse, Chaos: 18 (6+6+6) Facts About The US National Debt That Are Almost Too Hard To Believe. PNW. October 10, 2019 At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic […]
Global Economic Collapse, Chaos: Europe Says It’s Ready for a Trade War If Pressured by the U.S. $12 (6+6) billion plan for retaliatory levies related to the Boeing case Maria Tadeo and Stephanie Bodoni. Bloomberg•October 10, 2019 France’s finance minister said he doesn’t want the European Union to […]
Global Economic Collapse, Chaos: New IMF chief calls for action as global economy enters ‘synchronized slowdown.’ Foreshadowing of a ‘one-world’ economic system. “Monetary and financial policies need to be improved hand-in-hand with fiscal policies.” Translation: The financial system needs to be merged hand-in-hand with governmental fiscal policies. Monetary […]
