Former Federal Reserve Chair Paul Adolph Volcker has passed away at the age of 92. Volcker, who served under Presidents Jimmy Carter and Ronald Reagan, died on Sunday evening in his home in New York. He leaves behind his wife, Anke Dening, and two children from his first marriage to Barbara Bahnson, who perished in […]
Federal Reserve
Week in Review: December 2 to December 8
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: Federal Reserve wants to make up for lost inflation The Trump Doctrine: Tariffs and currency wars LOL: Millionaire Mark Ruffalo slams capitalist system that made him a millionaire […]
German banks begin to introduce subzero interest rates on deposits
It was bound to happen sooner or later: Financial institutions applying deposit charges. After several years of subzero interest rates instituted by the European Central Bank (ECB), German banks have finally blinked and now they are taking some haircuts. According to Bloomberg News, Volksbank Raiffeisenbank Fuerstenfeldbruck, a small regional bank in Munich, is set to […]
Federal Reserve wants to make up for lost inflation
The Federal Reserve’s official inflation measurement has been running below two percent for the last decade. They have been trying to raise it to two percent to no avail. Well, unless you measure inflation accurately, which is higher than the two percent figure. To make up for lost inflation, the central bank has decided to […]
Week in Review: November 25 to December 1
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: U.S., Chinese officials doubtful over phase two of trade agreement next year Time to say goodbye? London transit regulator strips Uber of license over ‘patterns of failures’ The […]