Since the mid-1980s, the personal savings rate in the United States has only hit the double-digit mark once, and that was in 2013 when it topped 11 percent. For the most part, the personal savings rate has been around a mere five percent. As anyone on CNBC will tell you, the national economy is based […]
Archives for October 2017
WATCH: Sad aftermath of a Sears Canada liquidation sale in Toronto
Many consumers have fond memories of combing over the Sears Catalogue. Looking to buy stuff you don’t need with money you don’t have is a cherished pastime for millions of people across the United States and Canada. However, after failing to adapt to the changing retail landscape and maintaining a depressing business model for so […]
Shopping malls tapping taxpayers to survive in retail landscape
All over the United States, shopping malls are closing up faster than Rosie O’Donnell eating at a buffet. With retailers shutting down as online businesses surge, malls are being abandoned at a rapid pace. What’s the solution? Well, the newest trend for some shopping malls may be to turn to the one refuge that industries […]
Week in Review: October 23 to October 29
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: Jimmy Carter: Obama reneged on promises, media harder on Trump, U.S. is fading Saudi billionaire prince says bitcoin ‘is Enron in the making’ Is Rand Paul the only […]
Trump economy tops 3% GDP growth in Q3 – should we care?
Despite the hurricanes that ravaged Texas and Florida last month, the United States economy posted a gross domestic product (GDP) of three percent in the third quarter. This beats original estimates of 2.4 percent GDP growth. The markets are celebrating, the White House is cheering and the MAGA crowd are laughing. But the key question […]