Category Archives: Economy

Signs Of Financial Turmoil In Europe, China And The United States

Economic Collapse Blog | June 19, 2015

By Michael Snyder

As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. 

24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy

Economic Collapse | November 12, 2014

By Michael Snyder

Do you want to know why Millennials seem so angry?  We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the “American Dream”. 

Global economy one shock away from another crisis

The Telegraph | August 5, 2014

By Szu Ping Chan

The world is sliding towards another debt-ridden disaster, with the eurozone and China one shock away from a fresh crisis, according to a leading economics consultancy.

Fathom Consulting, which is run by former Bank of England economists, said current levels of low volatility masked systemic risks in the global financial system.

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

Money News | July 21, 2014

Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.

Fear of Economic Blow as Births Drop Around World

ABC News | May 7, 2014

By BERNARD CONDON

Nancy Strumwasser, a high school teacher from Mountain Lakes, New Jersey, always thought she’d have two children. But the layoffs that swept over the U.S. economy around the time her son was born six years ago helped change her mind. Though she and her husband, a market researcher, managed to keep their jobs, she fears they won’t be so fortunate next time.

“After we had a kid in 2009, I thought, ‘This is not happening again,'” says Strumwasser, 41, adding, “I never really felt comfortable about jobs, how solid they can be.”

China poised to pass US as world’s leading economic power this year

FT | April 30, 2014

By Chris Giles

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

The figures, compiled by the International Comparison Program hosted by the World Bank, are the most authoritative estimates of what money can buy in different countries and are used by most public and private sector organisations, such as the International Monetary Fund.

Tax Foundation: Americans Pay More on Taxes Than Food, Clothing and Housing Combined

The Daily Caller | April 7, 2014

By Caroline May

The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.

According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.

By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.

Tax Freedom Day is later than it was last year, due in large part to the slow economic recovery, the tax policy research group argues.

Read the entire article here