President Donald Trump’s protectionist agenda doesn’t seem to be helping decrease the U.S. trade deficit. According to new data from the Department of Commerce, the trade deficit ballooned in July by the fastest pace in three years. The gap spiked 9.5 percent to $50.1 billion in July, up from a revised $45.7 billion in the […]
Archives for September 2018
Nike shares slide 2% as Colin Kaepernick becomes face of brand
Nike shares are sliding to kick off the holiday-shortened trading week. After making disgraced NFL quarterback Colin Kaepernick the face of the iconic brand, there was an inevitable backlash, causing fans to burn their Nike products or partake in #BoycottNike. Here is the ad: This is so ignorant… If you want to hurt Nike, sell […]
Amid another neocon blunder, Ron Paul asks: Can’t we just leave Syria alone?
By: Ron Paul Assad was supposed to be gone already. President Obama thought it would be just another “regime change” operation and perhaps Assad would end up like Saddam Hussein or Yanukovych. Or maybe even Gaddafi. But he was supposed to be gone. The US spent billions to get rid of him and even provided […]
REPORT: Average U.S. new, used auto loans surge in Q2 2018
The auto loan market continues to be one of the biggest bubbles in the U.S. economy today. With auto loans topping $1 trillion for the first time in history a couple of years ago, it seems motorists are still getting deeper into debt for their boxes on wheels. According to Experian’s State of the Automotive […]
Week in Review: August 27 to September 2
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: Another natural disaster, more baseless fears about price-gouging 13 countries (plus Ukraine) John McCain campaigned to bomb SOCIALISM: What the media still doesn’t understand about Venezuela White House […]