EMerging Equity
global recession
Credit Card Debt In The U.S. Is Approaching A Trillion Dollars
By Michael Snyder For the first time ever, total credit card debt in the United States is approaching a trillion dollars. Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again. In fact, U.S. consumers accumulated more new credit card debt during the … Continue reading
21 New Numbers That Show That The Global Economy Is Absolutely Imploding
By Michael Snyder After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic … Continue reading
The U.S. Dollar Has Already Caused A Global Recession. Now The Fed Is Going To Make It Worse
By Michael Snyder The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America. But it isn’t just South America that is experiencing a very serious economic downturn. We have just learned that Japan (the third largest economy in the world) … Continue reading
Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead
By Michael Snyder Why won’t the American people listen to the warnings? David Stockman was a member of the U.S. House of Representatives from 1977 to 1981, and he served as the Director of the Office of Management and Budget under President Ronald Reagan from 1981 to 1985. These days, he is running a website called … Continue reading
18 Numbers That Scream That A Crippling Global Recession Has Arrived
By Michael Snyder The stock market has been soaring, but all of the hard economic numbers are telling us that a major global recession is here. This is so reminiscent of what happened back in 2008. Back then, all of the fundamentals were screaming “recession” by the middle of that year, but the equity markets … Continue reading
Here Comes The Next Global Recession
By Cillian Doyle It might seem peculiar to some people to talk about the ‘next’ global recession, given that it doesn’t feel like we ever really got out of the last one. Eight years on from the global financial crash we find that the global economy is still drowning in debt, and this new era of … Continue reading
The Numbers Say That A Major Global Recession Has Already Begun
By Michael Snyder The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent. So those that … Continue reading
Another Petro-State Throws In The Towel: The Last Nail In The Petrodollar Coffin
By Eugen von Böhm-Bawerk According to the proposed budget submitted by the current ‘blue-blue’ government the Norwegian deficit will reach another record high in 2016. Mainland taxes are expected to bring in 1,008 billion NOKs, while expenditures are estimated at 1,215 billion NOKs. In other words, 2016 will be another year of record mainland deficit which … Continue reading
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