Economic Collapse: Fed cuts rates, facing global risks and pressure from Trump by Joseph Lawler. September 18, 2019 Washington Examiner. The Federal Reserve lowered its interest rate target by a quarter percentage point Wednesday, its second consecutive rate cut, in an effort to keep the economic expansion running despite signs […]
Economic Collapse: How the GM strike could start a Midwest recession. 50,000 striking General Motors workers are just the beginning. What do we know about the number Five (5)? For each hourly worker at GM, there are three to four workers in its base of suppliers supporting the company. […]
Economic Collapse: Recession fears have hit an all-time high, a new Bank of America survey shows Carmen Reinicke Sep. 16, 2019, 01:54 PM Business Insider US credit investors are more worried than ever that a recession will strike in the next 12 months. A Bank of America Merrill Lynch survey […]
‘Wheat for a Penny’ and ‘Economic Collapse’: Argentinian protesters occupy Buenos Aires over food crisis. The Coming Tribulation in a Nutshell. A ‘pre-rapture’ vision of what is coming worldwide. AFP•September 12, 2019 Buenos Aires (AFP) – Several thousand protesters camped Wednesday in downtown Buenos Aires to demand Argentina […]
South African Confidence at Lowest Since 1980s Disinvestment Prinesha Naidoo. Bloomberg•September 11, 2019 (Bloomberg) — South African business confidence slumped to the lowest level since disinvestment from the country over its apartheid policies started gaining momentum more than three decades ago. A sentiment index compiled by the South […]
German institutes see recession, cut growth forecasts for 2019, 2020 Reuters•September 11, 2019 BERLIN, Sept 11 (Reuters) – The German economy will slide into a recession in the current quarter, the Kiel Institute for the World Economy (IfW) said on Wednesday as it slashed its growth forecasts for […]
U.K. Warns of Sweeping Risk of Chaos From No-Deal: Brexit Update Robert Hutton, Alex Morales and Tim Ross Bloomberg•September 11, 2019 The U.K. published warnings of disruption to trade, financial services and food supplies if it leaves the European Union without a deal on Oct. 31. The document, […]
The US deficit topped $1 trillion. The year’s not even over yet By Donna Borak, CNN Business Updated 3:26 PM ET, Thu September 12, 2019 Washington (CNN Business) The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over […]
Economic Collapse: UK lurches towards recession as dominant services sector stalls: ‘It’s clinging on by its fingertips’ Economy on course to shrink for second consecutive quarter amid rising Brexit worries, surveys indicate Chris Baynes Wednesday 4 September 2019. The Independent. Britain is on course for its first recession since the 2008 financial […]
Economic Collapse: Farm loan delinquencies surge in Wisconsin Jason Lange, P.J. Huffstutter SEPTEMBER 5, 2019 Reuters WASHINGTON/CHICAGO (Reuters) – Farm loan delinquencies rose to a record high in June at Wisconsin’s community banks, data showed on Thursday, a sign President Donald Trump’s trade conflicts with China and other countries […]
