Global Economic Collapse: US Gross National Debt Jumps by $1.2 Trillion in Fiscal 2019, to $22.7 Trillion, Hits 106.5% of GDP October 2, 2019 by IWB But what happens if there’s actually a recession? The US gross national debt jumped by $110 billion on the last two business days of […]
Global Economic Collapse: Deutsche Bank’s brutal overhaul is sign that global financial system is in trouble Published time: 8 Jul, 2019 12:23. RT When traditionally stable institutions like Deutsche Bank find themselves in trouble, it’s a signal that the world’s financial system will face big problems down the […]
Global Economic Collapse: US move to weaponize its currency is destroying dollar in international trade Published time: 2 Oct, 2019 14:33Edited time: 2 Oct, 2019 15:25 RT Russia never wanted to turn away from the US dollar but American policies have forced it, as well as many other […]
Global Economic Collapse: Economists warn Australian Reserve Bank could be forced to print money if rate cuts fail to deliver The Guardian. October, 2, 2019 The Reserve Bank of Australia could be forced into unconventional policy measures such as money printing to save the economy from stagnation if its latest […]
Global Economic Collapse: The Next Recession Could Crush Those Carrying Credit Card Debt PNW. October 2, 2019 Because credit card rates are so much higher now than they were in the past, even a mild recession could crush those who carry credit card debt. The current national average […]
Global Economic Collapse: Kroger cutting hundreds of management jobs nationwide Alexander Coolidge, Cincinnati Enquirer.USA TODAY•October 2, 2019 Kroger is cutting hundreds of local management jobs nationwide as it continues to struggle to compete with digital and discount rivals, Amazon and Walmart. Hammered by the costs of home-delivery and […]
Global Economic Collapse: Bed Bath & Beyond store closings: Retailer increases projected closures to 60, increasing from previous estimates. Kelly Tyko, USA TODAYPublished 6:35 p.m. ET Oct. 2, 2019 | Updated 10:33 a.m. ET Oct. 3, 2019 Bed Bath & Beyond Inc. is increasing the number of stores it […]
Global Economic Collapse: Asian markets fall as US ignites new trade war with Europe Stocks drop in Sydney and Tokyo mirroring falls in US and UK, as Washington slaps 25% tariffs on range of European goods The Guardian. October 3, 2019 Asian markets have tanked after a below-par […]
Global Economic Collapse: UK economy flirting with recession after services shrink unexpectedly, even before Brexit. LONDON, Oct 3 (Reuters) – Britain’s economy appears to have slipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey […]
Global Economic Collapse: US manufacturing sinks to decade-low, stoking economic fear BANI SAPRA. Associated Press•October 1, 2019 WASHINGTON (AP) — U.S. factory activity hit a decade low last month in the face of President Donald Trump’s trade conflicts, adding to a weakening picture of the global economy. The […]
