Citigroup’s Christian Schulz: German Economy at Risk of ‘Downward Spiral’ By Newsmax Finance Staff | Monday, 02 September 2019 Christian Schulz, economics team director at Citigroup, warns that Germany’s manufacturing slump could accelerate and risks broadening into a “downward spiral” into a more widespread recession. He spoke to Bloomberg Television after […]
Economic Apocalypse: British public will experience real hardship in ‘No Deal’ Brexit says British Retail Consortium. Video. By Euronews • last updated: 02/09/2019 – A No Deal Brexit will hit UK consumers hard, according to the British Retail Consortium. The warning came after major demonstrations took place across the UK at the weekend […]
Economic Apocalypse: Study Discovers That If The Debt Machine Was Turned Off, The U.S. Would Immediately Plunge Into A Horrifying Depression September 2, 2019 by IWB A new study has discovered that we are far more dependent on America’s great debt creation machine than most of us would have ever […]
Economic Apocalypse: The end of the dollar as we know it BY ANDY LANGENKAMP, OPINION CONTRIBUTOR — 09/01/19 The Hill Current uncertainty and worries are clearly reflected in the financial markets. Investors are fleeing into assets that are deemed safe, such as gold, U.S. Treasuries and the dollar. They still […]
STANLEY FISCHER: TRUMP DOESN’T UNDERSTAND INTERNATIONAL TRADE Studies suggest president’s tariffs will cost US households up to $1,000 a year. BY EYTAN HALON, REUTERS SEPTEMBER 2, 2019 JERUSALEM POST Former Bank of Israel governor and former Federal Reserve vice chairman Stanley Fischer launched a stinging attack on US President Donald Trump’s trade policies on […]
China says troops will defend Hong Kong’s peace, stability and prosperity ahead of planned pro-democracy march. ‘Sudden destruction will come and they will not escape.’ The protest would mark five years since Beijing ruled out universal suffrage for Hong Kong and comes as Hong Kong faces its first […]
Could cryptocurrency dethrone the dollar? AFP•September 1, 2019 Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic […]
Chinese government to launch native cryptocurrency in November. Just in time for 2020. There is that year again!!! Oliver Knight. Coin Rivet•August 28, 2019 The Chinese government is planning to launch a Central Bank Digital Currency (CBDC) this November, according to Forbes. The decision to launch a CBDC comes […]
Climate change, hurricanes make the affordable housing crisis even worse Teresa Wiltz, Stateline Published 3:54 p.m. ET Sept. 1, 2019 Last year, right before Hurricane Florence hit New Bern, a small riverfront city along the North Carolina coast, Martin Blaney rushed to the public housing complex he runs, […]
Kmart, Sears closing additional stores by the end of the year. Is your location closing? Kelly Tyko, USA TODAYPublished 12:05 a.m. ET Aug. 31, 2019 | Updated 6:59 p.m. ET Aug. 31, 2019 More Kmart and Sears stores will close by the end of the year. Weeks after announcing 26 […]
