Well, we have officially heard it from the horse’s mouth: China’s stock market bubble has finally burst. Speaking at a meeting of G20 finance ministers in Ankara over the weekend, Zhou Xiaochuan, governor of the People’s Bank of China (PBOC), admitted that the stock market bubble in his country had really “burst.” Ostensibly, the PBOC […]
Archives for September 2015
Price Inflation Alert: Renters spending record-high 30% of income on rent
There is no price inflation if you don’t live under a roof… A new report by Zillow, an online real estate database company, notes that United States consumers are paying the highest percentage of their income on rent than ever before. The study released Thursday discovered that renters paid, on average, 30.2 percent of their […]
Week in Review: Aug. 31 to Sept. 6
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: Chart: 20 best jobs for millennials in 2015 Why is the establishment telling the truth about Federal Reserve, government failures? Excellent quote from Judge Andrew Napolitano on the […]
LOL: A world map according to Donald Trump
The Huffington Post isn’t the greatest blog or publication out there. It’s rarely ever insightful or funny, but this illustration is pretty comical. It’s a world map according to Republican frontrunner Donald Trump. It would be funny to see Trump’s reaction to this map. He’d probably respond that Arianna Huffington is a hack and its […]
Is Donald Trump right when he says China has devalued its yuan?
Since declaring his candidacy for president, Donald Trump has made China the focal point of his campaign. One of the common statements he makes is that China has devalued its yuan renminbi so much that it’s impossible for the United States and American companies to compete. Although the People’s Bank of China (PBOC) recently eroded […]