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: IPO market suffering from multi-class shares: Goldman Sachs WOKE: Europe considers MMT, quantitative easing for the people WELFARE WALL: Los Angeles paid $1.3 billion in welfare to illegal […]
Archives for October 2019
Want a two-bedroom apartment in San Francisco? Get $5k
It is brutal out there being a new renter. If you already rent an apartment, then you are probably enjoying rent controls and will chain yourself to the radiator until you die and wither away. The landlord will find a skeleton handcuffed to the heater. The latest numbers are out and if you are interested […]
Sorry, Greta Thunberg, capitalism does not threaten humanity
By: Robert Murphy Presumably bolstered by the fiery claims of Greta Thunberg and the general theme of Climate Week, people on Twitter have been declaring that capitalism threatens humanity. This angst rekindled interest in a Guardian article that ran a few months ago, in which author George Monbiot argued that the very nature of capitalism is “incompatible […]
Peter Navarro wants more interest rate cuts as Fed official bullish on U.S. economy
The United States-China trade war is hampering growth, sending the global economy into a frigid winter. The level of uncertainty is impacting manufacturing and service sectors, and without a trade agreement in sight, markets expect greater declines. Is it so bad that a recession will happen? Surprisingly, the answer is no. Despite the various signals, […]
Random Friday: September jobs report, Newseum’s closure, #EatTheBabies
News Story of the Day: Last month, the U.S. economy created 136,000 new jobs, an increase from the previous month’s 130,000. This is lower than the market estimate of 145,000 new jobs, but the unemployment rate fell 0.2 percent to a 50-year low 3.5 percent. But it wasn’t manufacturing that led the gains, despite President […]