Global Economic Collapse: No-deal Brexit would ‘push national debt to levels last seen in 60s’. 55 years. Deficit on track to rise to more than £50bn next year in 2020. IFS says public borrowing will more than double next year whatever the Brexit result The Guardian. October 7, […]
Global Economic Collapse: Number of empty shops in UK at highest level for Five (5) years. 25,000 (5×5) have closed their doors. The Guardian. September 26, 2019 Nearly 12% of retail sites were unoccupied in first half of 2019, data shows, with chains hit by rising costs and […]
Global Economic Collapse: UK retailers demand Brexit deal after worst September on record Consumers holding off from non-essential purchases due to uncertain outlook, says BRC The Guardian. October 7, 2019 Retailers have urged the government to secure a Brexit deal with the European Union after their latest health check […]
Global Economic Collapse, ‘No one can buy or sell’: World’s Best-Run Pension Funds Say It’s Time to Start Worrying in ‘diverse places’. A great divide between old and young workers. Bloomberg•October 6, 2019 (Bloomberg) — Back in 2012, the world’s best-managed pension market was thrown a lifeline by […]
Global Economic Collapse, ‘No one can buy or sell’: Talks between UAW and GM take ‘turn for the worse’: union official. ‘A company divided will not stand.’ By Ben Klayman. Reuters•October 6, 2019 DETROIT (Reuters) – Talks for a new four-year labor contract between General Motors Co and […]
Global Economic Collapse, ‘No one can buy or sell’: Former Reserve Bank governor says interest rate cuts have ‘done everything they can do.’ The ‘most perplexing and difficult’ era for monetary policy ever.’ Same could be said in ‘diverse places.’ Pestilence of afflicted financial policy. The Guardian. Saturday, […]
Global Economic Collapse, ‘No one can buy or sell’: No One Is Safe From the U.S.-China Trade War. ‘A world economy divided, will not stand.’ Scott B. MacDonald. The National Interest•October 6, 2019 In August 2019, the changing nature of the global business landscape was brought home when […]
Global Economic Collapse: China Won’t Save the World Economy This Time. China is now recording quarterly economic growth of about 5%, not the 15% notched in 2007 or the roughly 10% in 2001 Daniel Moss. Bloomberg•October 3, 2019 (Bloomberg Opinion) — U.S. recession indicators are growing stronger and there’s […]
Global Economic Collapse: HP to Cut over 15% of Workforce Amid Print Unit Woes. 55,000 employees. $500 million restructuring costs in 2020. Additional $5 billion in share repurchasing plan. 10% (5+5) share price drop. Printing business dubbed a ‘Melting Ice Cube.’ By Nico Grant October 3, 2019, Bloomberg. HP Inc. will […]
Global Economic Collapse: India’s central bank cuts rates to near decade lows to revive growth. The 6 person Monetary Policy Committee cut the repo rate by 25 basis points to just over 5%, for a fifth (5) straight meeting this year. The reverse repo rate was reduced to […]
