3 reasons to fear America’s massive $70 trillion debt pile By Anneken Tappe, CNN Business Updated 8:29 AM ET, Wed July 17, 2019 New York (CNN Business) America’s debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull […]
Retail Apocalypse: 12,000 Stores Are Forecasted to Close This Year. Here’s a list. July 13, 2019 by IWB As the economy cycles down through summer, there is new, alarming data that shows retail store closings are accelerating. Coresight Research says there have already been 20% more store closings announced in […]
The U.S. (and Global) Economy Is In Trouble July 13, 2019 by IWB by Dave Kranzler of Investment Research Dynamics If the Fed does cut rates at the July FOMC meeting, it’s because Powell and his cohorts are well aware of the deteriorating economic conditions which are driving the data embedded in these […]
At least 2,500 truck drivers have lost their jobs in 2019 as the transportation ‘bloodbath’ unfolds. Video. Rachel Premack. Business Insider•July 15, 2019 Video here: https://news.yahoo.com/least-2-500-truck-drivers-152550919.html Six trucking companies have folded in 2019. That has left more than 2,500 truck drivers unemployed. After a hugely profitable year in 2018, this year has […]
US manufacturing sinks into recession amid trade wars Heather SCOTT. AFP•July 16, 2019 Washington (AFP) – US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump’s bitter trade wars and a slowdown in China and other trading partners. The decline comes […]
Fed chairman warns of ‘unthinkable’ harm to global economy if debt ceiling isn’t raised BY SYLVAN LANE – 07/11/19 12:16 PM EDT. The hill Federal Reserve Chairman Jerome Powell said Thursday that the global economy could suffer “unthinkable” damage if the White House and Congress fail to raise the federal debt limit. https://thehill.com/policy/finance/452609-fed-chairman-warns-of-unthinkable-harm-if-debt-ceiling-isnt-raised?jwsource=cl […]
A critical recession indicator used by the Fed just hit its highest level since the financial crisis Carmen Reinicke Jul. 9, 2019. Markets / Business Insider A key recession tracker just hit its highest level since 2009, sending a signal that an economic downturn may be looming on […]
US Treasury warns it will run out of cash in early September AFP•July 12, 2019 The U.S. may hit the debt ceiling limit by early September: what you need to know Treasury warns that the government could run out of cash in early September Videos here: https://news.yahoo.com/us-treasury-warns-run-cash-early-september-151856440.html Washington […]
US government is running out of money faster than expected, Mnuchin warns By Donna Borak, CNN Updated 8:34 PM ET, Fri July 12, 2019 Treasury Secretary Steven Mnuchin on Friday issued a warning Friday that the US government is at risk of running out of cash sooner than expected. In a […]
Trade War #1: GLOBAL ECONOMY-Factory activity shrinks across Asia, global recession fears mount By Marius Zaharia. Reuters•June 2, 2019 Activity contracts in Japan, S.Korea, Malaysia, Taiwan * China Caixin PMI 50.2, but official gauge 49.4 * Trade tensions flare up; global economy could face recession * Weak economy […]
