marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic collapse
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
04/07/2023
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By Belle Carter
Renowned economist Nouriel Roubini: Trifecta of inflation, recession and banking system collapse driving America into a DOOM LOOP
An esteemed professor and economist pointed out that persistent inflation, the impending economic recession and an imminent insolvency crisis in the banking sector is leading the U.S. into a “doom loop.” Nouriel Roubini, an erstwhile economic advisor to the Clinton administration, outlined his findings in a March 30 commentary titled “The Coming Doom Loop.” His […]
04/07/2023
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By News Editors
Global bankruptcy already baked in
Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. (Article by Charles Hugh Smith republished from DailyReckoning.com) It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new […]
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
04/07/2023
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By Ramon Tomey
Google tightens belt, implements cost-cutting measures like removing snack bars and staplers
Search engine giant Google has begun implementing cost-cutting measures, as confirmed by the company’s chief financial officer. Google CFO Ruth Porat broke the news in a March 31 email sent to all employees of the Mountain View, California-based technology firm. Her email said the cost-cutting measures aimed to “deliver durable savings through improved velocity and […]
04/06/2023
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By Arsenio Toledo
Marjorie Taylor Greene rejects Fed’s digital payment system
Republican Rep. Marjorie Taylor Greene of Georgia has rejected the upcoming Federal Reserve-backed central bank digital currency (CBDC) payment system and has called for the United States to return to the gold standard. Greene was responding to news that the Fed was launching its own digital payment system. On Twitter, she shared an article from CNBC […]
04/06/2023
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By News Editors
Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop’: Economist
Decades-high persistent inflation combined with increasing risks of an economic recession and an imminent insolvency crisis in the banking sector have resulted in a “trilemma” facing central banks, including the U.S. Federal Reserve, warns top economist Nouriel Roubini. (Article by Naveen Athrappully republished from TheEpochTimes.com) “Unable to fight inflation and provide liquidity support simultaneously, the […]
04/05/2023
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By Ethan Huff
PULLING THE PLUG: Another $126 billion pulled by depositors from U.S. banks, Federal Reserve data shows
Public trust in the American banking system continues to plummet as depositors drained another $126 billion from United States banks during the week ending March 22, according to new data from the private Federal Reserve. The largest outflows occurred at big-boy banks, the top 25 of which lost $90 billion on a seasonally adjusted basis. […]
04/05/2023
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By Arsenio Toledo
American banks are sitting on a TIME BOMB of $1.7 trillion in unrealized losses
Banks in the United States are sitting on a time bomb of unrealized losses totaling around $1.7 trillion. This is according to a study released on March 13 by the New York University Stern School of Business (NYU Stern) that took a closer look at the unrealized losses banks in the U.S. were likely holding. The study […]
04/04/2023
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By Ramon Tomey
Restaurant industry collapsing across the US, with several popular chains permanently CLOSING DOWN numerous locations
Several U.S. restaurant chains are closing down different locations across the country to streamline operations and cut costs – a consequence of the Wuhan coronavirus (COVID-19) pandemic and labor shortages. A report by the Daily Mail named several chains that downsized their operations, including several familiar brands. Applebee’s Casual dining chain Applebee’s has closed around […]
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