marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
panic
05/06/2022
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By News Editors
It’s mid-2022 and the fed has still done nothing to fight inflation
It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed […]
05/06/2022
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By News Editors
The great currency reset and why Europe is trapped
There’s a lot of news flying around about the changes happening in global currency trading. (Article republished from TomLuongo.me) From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of […]
05/05/2022
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By Mary Villareal
Americans are quitting jobs at record pace, forcing employers to offer more to attract workers
Over 4.54 million Americans quit their jobs instead of returning to office as companies end remote-work policies offered during the Wuhan coronavirus (COVID-19) pandemic. According to the Department of Labor, the all-time high number of people quit their jobs in March, edging out a record set last November. Following massive resignations, the number of job openings also increased to […]
05/05/2022
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By Mary Villareal
Supply chain on the brink of COLLAPSE as diesel price surge hits trucking industry hard
The price of diesel has reached an all-time high of $5.321 a gallon, leaving the trucking industry reeling and the supply chain on the brink of collapse. Oil and gas prices have also increased, now standing at $4.187 a gallon, just a smidge down from the all-time high of $4.331 set on March 11. The trucking industry relies […]
05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
04/28/2022
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By Arsenio Toledo
IMF director ADMITS world’s central banks “printed too much money”
The director of the International Monetary Fund (IMF) slipped up and admitted that the world’s central banks may have printed too much money and did not think of the consequences. “I think we are not paying sufficient attention to the law of unintended consequences,” said Kristalina Georgieva, who has led the IMF as its chair and managing director since […]
04/27/2022
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By Arsenio Toledo
Stocks of shipping companies plummet as supply chain crisis worsens
Stocks of major shipping companies fell sharply on Monday, April 25, even as Wall Street’s main stock indexes closed on a high note. Many of them sank by double digits. Shipping stocks have long been regarded as good investments. For the past two years, shipping firms have seen massive – often record – growth and […]
04/25/2022
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By Kevin Hughes
Remote workers blame inflation, rising cost of gas for need to work from home
Remote workers are blaming Biden-fueled inflation charges and soaring costs of gas and childcare for their ongoing need to work from home. Now that the Wuhan coronavirus (COVID-19) positivity rates are low, remote work advocates are no longer blaming their desire to stay home on safety concerns, but instead on the financial effects of their day-to-day office schedule, which is […]
04/22/2022
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By Ramon Tomey
Chinese state-owned oil firm plans to drop assets in the West for fear of economic SANCTIONS
An oil company owned by the Chinese government announced plans to drop its assets in Western countries for fear of sanctions that may be imposed on it. Industry sources confirmed to Reuters in late March that China National Offshore Oil Corporation (CNOOC) is preparing to divest its operations in the U.S., U.K. and Canada due to the […]
04/20/2022
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By Ramon Tomey
China’s draconian COVID restrictions are CRIPPLING supply chains worldwide
China’s draconian restrictions to curb the Wuhan coronavirus (COVID-19) have crippled supply chains worldwide. The stringent COVID-19 measures implemented in the eastern city of Shanghai – one of the country’s busiest ports – have also hampered global trade. Citing data from open vessel database Fleetmon and investment firm Liberum, the Telegraph reported that the number of ships […]
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