Global Economic Collapse: Trump’s election year economy will be much worse than he promised, economists say. Over 50 economists weigh-in. By Anneken Tappe, CNN Business Updated 8:06 AM ET, Mon October 7, 2019 New York (CNN Business) The US economy got off to a rough start this month, with various […]
Global Economic Collapse: German factory orders slump continues. 6.7% year-on-year decline in August. The slowdown fears that gripped markets last week are intensifying this morning, as the slump across Germany’s manufacturing base deepens. German factory orders slumped by 6.7% year-on-year in August, new figures from Destatis reveal, extending […]
Global Economic Collapse: Global economy must be ready for downturn, says new IMF boss. New Five (5) year term. Over $55 billion loan to Argentina. Five (5) intense world financial issues (Brexit, US-China Trade War, Oil Disruption, Recession, Record Debt Levels). The Guardian. September 25, 2019 Bulgaria’s Kristalina […]
Global Economic Collapse: IMF accused of ‘reckless lending’ to debt-troubled countries. Jubilee (50 year) Debt Campaign says the Fund broke its own rules by not ensuring sustainable debt burden. £75bn of loans to 18 (3X6) financially troubled countries without a debt restructuring programme. The Guardian. October 7, 2019 […]
Global Economic Collapse: Are your bank deposits safe? Potential problems could be brewing. 50% drop in yields over 10 (5+5) years. $5 trillion of deposits currently aren’t insured. Russ Wiles, Arizona Republic. USA TODAY•October 6, 2019 Chances are good that you haven’t thought much about the safety of […]
Global Economic Collapse: Brussels calls for fiscal action to avert EU recession as shocks mount. US car tariffs add 25% (5×5). Telegraph.co.uk October 8, 2019 The European Commission has issued a stark warning to EU finance ministers, calling for concerted fiscal stimulus to head off a recession and […]
Global Economic Collapse: HSBC prepares to slash 10,000 (5+5) jobs in cost cutting. 5,000 recent layoffs. 50 years, 10 CEOs, 5 years average tenure. Telegraph.co.uk October 6, 2019 HSBC is preparing to axe up to 10,000 jobs as it begins a drastic cost-cutting measure under the direction of […]
Global Economic Collapse: The World’s Wealthiest Families Are Stockpiling Cash as Recession Fears Grow. Six (6) $trillion in investments. Average 5.5% return. Recession by 2020. Suzanne Woolley and Ben Stupples Bloomberg September 24, 2019 (Bloomberg) — Rick Stone, a former partner at Cadwalader, Wickersham & Taft, sees treacherous […]
Global Economic Collapse: UN may run out of money by end of the month: Guterres. UN’s operating budget is close to $5.5 billion AFP•October 7, 2019 United Nations (United States) (AFP) – The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on […]
Global Economic Collapse: No-deal Brexit would ‘push national debt to levels last seen in 60s’. 55 years. Deficit on track to rise to more than £50bn next year in 2020. IFS says public borrowing will more than double next year whatever the Brexit result The Guardian. October 7, […]
