What was a fringe concept among the intellectuals 20 years ago has morphed into an accepted principle on the left. While it is one of the impractical policies put forward, the idea of reparations for descendants of slaves has made it to the forefront of the Democratic Party. Even though nobody alive today was a […]
Archives for March 2019
Jerome Powell plans to complete full term, says Trump was not factor in rate pause
It is pretty clear that President Donald Trump wishes he never hired Jerome Powell to helm the Federal Reserve System. Because the central bank has raised interest rates repeatedly in the Trump era, the president feels he is at a disadvantage compared to his predecessor. There has been talk that President Trump wants to sack […]
Week in Review: March 4 to March 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: INSOLVENT: Canadian business bankruptcies climb 10% in January POWELL PUT: Federal Reserve will stop $4 trillion balance sheet tapering ‘fairly soon’ WILL SHE, WON’T SHE: Hillary Clinton NOT […]
Homes are getting smaller – but they’re larger than your grandpa’s
By: Ryan McMaken The average square footage in new single-family houses has been declining since 2015. House sizes tend to fall just during recessionary periods. It happened from 2008 to 2009, from 2001 to 2002, and from 1990 to 1991. But even with strong job growth numbers in recent years, it looks like demand for […]
PAY UP: Trump requesting allies pay up to 600% for hosting U.S. troops
This isn’t a positive step for a non-interventionist foreign policy, but at least Americans are getting something out of having U.S. troops in 100-plus countries. Bloomberg is reporting that President Donald Trump ordered his administration to request Germany, Japan, and other nations that have American troops on their soil to pay up to 600 percent […]