The economic collapse pretty much wiped out retirement accounts, investment vehicles and savings accounts. When households accumulated too much, consumed too much stuff and lost their jobs and homes, millions of Americans had nothing to rely on except for more credit and perhaps even bankruptcies. Since then, households are starting to improve their personal financial […]
Archives for June 2014
15 ways it has become more expensive to live
“A buck buys a nickel’s worth.” Those were the words of Peter Finch’s Howard Beale from the unforgettable 1976 motion picture “Network.” He goes on a tirade about the downfall of Western civilization and how businesses and governments collude while everyone else gets shafted. It was a monologue that is still remembered to this date. […]
Mainstream investor predicts sovereign debt market bubble will burst in 2016
In order to finance a government’s spending habits, such as infrastructure, public transportation and lucrative political salaries, bonds are issued by the government in a foreign currency. Exchange rates and valuation rates can diminish the chances of countries repaying sovereign debt. Many analysts, finance experts and contrarian investors have said that the world, including the […]
U.S. map looks at largest companies by revenues in each state
Have you ever wondered what the largest companies are in each state? Well, Broadview Networks published a map of the United States and looked at the biggest corporations by revenue in each state. The data was utilized by Hoover’s company database and the company declined from listing subsidiaries or government enterprises. Here is the image:
Week in Review: Jun. 16 – Jun. 22
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: 10 states with the fastest, slowest growing economies Foreign holdings of U.S. treasury debt increase to record $5.96 trillion U.S. savings bonds could vanish amid low interest rates […]