By: Ron Paul Stocks fell last week following news that the yield curve on Treasury notes had inverted. This means that a short-term Treasury note was paying higher interest rates than long-term Treasury note. An inverted yield curve is widely seen as a sign of an impending recession. Some economic commentators reacted to the inverted […]
Austrian Economics
Week in Review: August 19 to August 25
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: Peter Navarro: ‘Wall Street Journal Never Saw an American Job It Didn’t Want to Offshore’ As debt surges to $1 trillion, what happens in the next recession? LOL: […]
#JimmyJohns: Want to save the elephants? Eat ’em
By: Andrew Moran In the words of legendary comedian George Carlin, “Save the trees. Save the bees. Save the whales. Save the snails.” For years, environmentalists have championed efforts to rescue endangered species, but their initiatives, which often involve the tool of government, usually fail. In 1966 and 1973, two historic pieces of legislation were […]
Random Friday: China retaliates, The [Evil] Economist, recession
News Story of the Day: China retaliated! Beijing announced on Friday that it will be imposing $75 billion in retaliatory tariffs on U.S. goods, escalating the trade spat between the world’s two largest economies. The Ministry of Commerce confirmed that it would slap additional levies of five percent and 10 percent on a total of […]
Subzero interest rates boost case for gold
By: Clint Siegner The world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some “junk” rated bonds which will repay the bearer […]