OK, business newspaper editors, it is time to rewrite some of your headlines and articles. It turns out that phase two of a trade agreement is unlikely to happen because …. phase one is struggling to get established. Citing U.S. and Chinese officials, Reuters is reporting that a second phase of a U.S.-China trade deal […]
Archives for November 2019
Week in Review: November 18 to November 24
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: China slashes short-term funding rate, expected to slash RRR before end of year CNN: ‘Truth still matters’ so here is Dan Rather to discuss Why are libertarians losing […]
Will Christine Lagarde’s ECB distort financial markets in the next recession?
By: Andrew Moran By now, you might be wondering if the central bankers have exhausted all the weapons in their arsenal. Money-printing and bond-buying, ZIRPs and NIRPs: What else could the smartest men and women in the room possibly employ? Well, in addition to doubling down on these unconventional policies that have failed to deliver substantial growth in […]
SAVAGE: Trump trolls CNN’s Chris ‘Fredo’ Cuomo over failed live TV stunt
This week, State Department employee David Holmes claimed that he overheard a phone conversation between President Donald Trump and U.S. Ambassador to the European Union Gordon Sondland. Holmes said he heard the contents of the call, despite sitting across the table from Sondland. President Trump responded to the claims: “I have been watching people making […]
Thanksgiving turkey dinner for 10 at nine-year low as consumers to spend $5 a person
Thanks, capitalism! Once again, the cost of a Thanksgiving feast for 10 people is at a multi-year low, which means you can gobble up the savings and feast on more for less. According to the 34th annual American Farm Bureau Federation survey, the cost of a Thanksgiving dinner in 2019 is estimated to be $48.91, […]