Forbes magazine released a new report Monday that ranked the seven nations with the highest debt-to-GDP ratios. Japan topped the list with 227.2 percent, while Greece (175.1 percent) and Italy (132.6 percent) were in second and third place, respectively. The list includes one nation, a state that used to be one of the largest creditor […]
Archives for September 2014
U.S. could spend $1.8 billion a month fighting ISIS: report
The United States military has already spent approximately $1 billion on its first wave of attacks against ISIS because the newest group is now deemed as a significant threat to the entire world. According to a new report from Center for Strategic and Budgetary Assessment (CSBA), those costs could soar to $1.8 billion per month […]
Want to access your money? Be prepared to pay a pretty penny
A new study published by Bankrate.com has found that customers will pay up to five percent more this year if they wish to access their money at an ATM that is not owned and operated by their respective financial institution. On average, a banking client will pay $4.35 for every ATM transaction. Although customers are […]
Americans are spending again, and that isn’t a good thing
The Commerce Department’s Bureau of Economic Analysis released a report Monday that found Americans’ appetite for spending amplified in the month of August, a finding that has many economists ecstatic and optimistic about the nation’s overall economy. Consumer spending increased 0.5 percent in August from the previous month, which showed no gain at all. Experts […]
Week in Review: Sept. 22 to Sept. 28
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: Video: Ron Paul, Tom Woods discuss libertarianism and its critics World Bank warns Ebola outbreak may create economic catastrophe (hot) Marc Faber: ‘We have a bubble in everything, […]