Week in Review: February 12 to February 18

In case you missed any of this week's articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Ontario sheds 50k part-time jobs amid rising minimum wage WATCH: Can climate models predict climate … [Read more...]

REPORT: Investors withdrew $6.3 billion from U.S. junk bond funds

How did your stock portfolio and mutual funds fare during last week's volatile sessions? It was a roller coaster ride, and it is likely just a glimpse into the near future. But it was so bad that a particular market took quite the beating: junk … [Read more...]

Random Friday: AP fake news, Robert Wenzel on shooting, paying CEOs billions

News Story of the Day: akin to the Las Vegas shooting last year, the public wants to assign blame to a particular group or cause. Immediately after the Florida high school shooting, Twitter, newspapers, and broadcast media shouted for gun control and … [Read more...]

Inflation, manufacturing, baseball – key things to know on Thursday

Inflation is about to roar, the economy isn't as strong as President Donald Trump would have you suggest, and the MLB season is about to begin (was that just written?). A bunch of data has been released, and it's time to crunch the numbers. In … [Read more...]

REPORT: Donald Trump endorses 25-cent gas tax hike, likely DOA in Congress

One thing should be noted: President Donald Trump never really campaigned to be a fiscal conservative, or to slash spending, or reform entitlements. He regularly noted that economic growth would balance the ledger. So, should the American people … [Read more...]

TROLL: Republican unveils ‘CRUMBS ACT’ to make bonuses tax-free

Since President Donald Trump and the Republicans slashed the corporate tax rate from 35 percent to 21 percent, 100s of companies have raised wages, offered bonuses, contributed to retirement accounts, implemented a wide variety of benefits and perks, … [Read more...]

Inflation spooking financial markets as consumer prices soar in January

Is this the inflation we have been waiting for? With the Federal Reserve unwinding its $4.5 trillion balance sheet, and the printing press still operating 24/7, price inflation is beginning to accelerate, which could prompt the U.S. central bank to … [Read more...]

U.S. taxpayers on hook for $5.1 billion bailout of Fannie Mae, Freddie Mac

It's 2008 all over again. As part of the White House's draft budget on Monday, the Treasury Department is expected to fork over a $5.1 billion bailout to Fannie Mae and Freddie Mac. There is essentially nothing left in the coffers of the … [Read more...]

REPORT: U.S. households are borrowing to cover high spending levels

Consumer spending may be soaring, but Americans' purchases are not being financed with savings or disposable income. It is being fueled by borrowing, according to a new report by Wells Fargo. In recent months, consumer spending has been … [Read more...]

Trump budget will add $5.4 trillion to national debt by 2023

During the Obama regime, the Republicans blasted the Democrats for their budget deficits, even though the Bush administration regularly posted budget deficits. Today, the GOP seems rather indifferent to President Donald Trump's spending ways. On … [Read more...]