If you’ve ever been to a Marxist rally, a union protest or a capitalism-hating liberal demonstration lately, one of the first things you’ll notice are not the placards, the hundreds in attendance or the mainstream media but rather the many products of capitalism. We get it. Millennials today detest capitalism. They despise the idea of […]
Archives for January 2016
Week in Review: Jan. 4 to Jan. 10
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: Global financial markets plummeting as China halts stock trading after 7% collapse Brazil economy could face deepest recession since 1901 JPMorgan warns three-in-four chance of recession in next […]
Venezuela’s Bizarre System of Exchange Rates
By: Emiliana Disilvestro and David Howden Venezuela is currently going through its worst crisis in history, replete with an endless list of interesting problems. Foremost among these are severe shortages in even the most basic of necessities. Economists have used these shortages as textbook examples to illustrate the pernicious effects of price controls. Few people, […]
Crony Alert: Ex-AIG billionaire CEO donates $10 million to Jeb Bush super PAC
One would think that a billionaire like Donald Trump would be garnering all the support from Wall Street. Nope. As usual, the Wall Street insiders are all flocking to the campaigns that involve the name Bush or Clinton (SEE: Crony Alert: Wall Street banking on Jeb Bush, Hillary Clinton in the White House). The latest […]
5 random things for a Friday (Macy’s cutting jobs, the fastest shrinking economies, a Seinfeld clip)
News Story of the Day: Is the bubble gradually coming to an end? After all this talk of employment growth and economic expansion, there are so many companies that are closing shop. One these is Macy’s, which announced that it was shutting stores and cutting nearly 5,000 jobs after a weak Christmas season. Macy’s, which […]