Irish minister predicts Britain will crash out of EU in October By John O’Donnell. Reuters•August 7, 2019 DUBLIN, Aug 7 (Reuters) – Britain will leave the European Union in October without a divorce deal, an Irish government minister predicted, causing a severe economic shock that could require pan-EU […]
U.K. and EU Trade Blame Over Talks as No-Deal Brexit Risk Grows Stuart Biggs Bloomberg•August 6, 2019 Michael Gove, the minister in charge of planning for a no-deal Brexit, blamed the European Union for failing to engage on a new agreement, deepening the diplomatic standoff between the two […]
Tesco cuts 4,500 jobs as it announces shorter opening hours for Express stores. UK. 10,000 jobs cuts in 5 years. Brittany Vonow Hollie Borland. Updated: 5 Aug 2019, 15:40. TheSun.co.uk TESCO is to axe 4,500 staff in the latest round of redundancies at the UK’s biggest supermarket, the company […]
No-deal Brexit an ‘instantaneous’ shock to economy: Carney AFP•August 2, 2019 London (AFP) – Bank of England governor Mark Carney on Friday warned that a no-deal Brexit would be a shock for Britain, causing supply disruption and potentially undermining entire sectors of the economy such as the car […]
Business as Usual? Middle Class Death Spiral: Consumers Have Never Been In More Debt, And Bankruptcies Are Surging August 13, 2019 by IWB This wasn’t supposed to happen. During the relative economic stability of the past few years, the middle class was supposed to experience a resurgence, but instead it […]
Business as Usual? Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010 August 14, 2019 by IWB But these are the good times. Automakers are not amused. The auto industry depends on subprime-rated customers that make up over 21% of total loan originations. Without these […]
Heavy-Truck Orders Collapse Stunning 81%. Lowest Since 2010 August 3, 2019 by IWB Order backlog still feeds truck makers, but they don’t disclose for how long. Orders for Class 8 trucks – the iconic trucks that haul part of the economy’s goods across the country – collapsed by 81% in […]
Business as Usual? US economy warning: Poll shows 60 percent of gold investors foresee pre-2020 US recession A RECESSION is set to hit the US next year, in part triggered by the President Trump’s trade war with China, a damning poll by gold investors has predicted. By TOM FISH […]
Fed Nominee Judy Shelton Says Global Economy in Very Dangerous Situation Situation Like 1930s… Acting IMF Chief Says It Is Fragile August 2, 2019 by IWB Prospective Fed nominee Shelton says global economy in ‘very dangerous situation’ like 1930s Judy Shelton, who is President Donald Trump’s likely nominee to the […]
Business as Usual? Stock buybacks are reaching dangerous levels. Corporate “Payout ratios are elevated, cash balances have declined and leverage has risen to a new all-time high.” By Matt Egan, CNN Business Updated 12:43 PM ET, Tue July 30, 2019 New York (CNN Business) The US-China trade war might be having a […]
