Economy

US stimulus just ‘another temporary bandage’ adding to massive amounts of debt – chief strategist tells Boom Bust 🎞️

The US Senate and the White House have reached an agreement on a $2 trillion relief plan to buffer the economy as fears of a deep global recession continue to mount amid the coronavirus outbreak. RT’s Boom Bust is joined by Todd Horwitz of Bubba Trading to discuss the measure and its impact on financial markets. […]

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Decadent like the late Roman Empire, the West is committing suicide through its irrational response to Covid-19

Many think Covid-19 is some kind of alien invasion that spells the end of the world. But the real threat to us is a much deadlier virus: a hatred of all the values that have underpinned our civilization for centuries. For years, I was puzzled as to why the Roman Empire ceased to exist and […]

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Here are the six countries that will be most affected by coronavirus-induced economic chaos

Time to buckle up: economists believe the looming Covid-19 crash will throw millions out of work and bankrupt thousands of businesses across the globe in a downturn that might even surpass the Great Depression of the 1930s. Economics is the study of choices, and never more so than now. It’s now clear that, with the […]

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US stocks plunge despite Fed promises to pump unlimited amount of money into economy

Wall Street’s main indices are down after opening on Monday for the first ever all-electronic trading session, which is aimed at protecting New York Stock Exchange employees from the coronavirus. Both the Dow Jones Industrial Average and the S&P 500 are down around two percent. The Nasdaq Composite, an index comprised of America’s top technology […]

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US Economy in Free Fall, Could Lose Up to 24% of GDP and Face Ocean of Unemployment Due to COVID-19

Most major global economies have already been affected by the outbreak, which has forced many workers to stay in their homes and almost entirely dried up the restaurant and hospitality industries. The US economy is facing the prospect of sustaining a heavier blow from the COVID-19 coronavirus outbreak than it suffered from the financial crisis […]

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‘Too Low, Too Late’: US Treasury’s Proposed Payouts Won’t Stem Economic Downturn

US Treasury Secretary Steve Mnuchin announced that the Trump administration may send checks to Americans “in the next two weeks” to fight the economic fallout of the COVID-19 novel coronavirus. Though the amount is unknown, an economics expert tells Sputnik that the government has already failed on the matter. “We’re looking at sending checks to […]

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‘Behind the Curve’: Washington Must Act More Decisively to Avoid Recession – Economist

Dr. Jack Rasmus, a professor of economics at Saint Mary’s College of California, joined Radio Sputnik’s Loud & Clear Friday to discuss how the Trump administration needs to enact more drastic economic stimulus measures to prevent the coronavirus from pushing the US into a recession. In his piece titled “A Tale of Three Crises: Comparing […]

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Fed brought out the big guns to save market but it wasn’t enough, ex-insider tells Boom Bust 🎞️

An emergency response from the US Federal Reserve failed to calm investors amid the coronavirus panic and led to another market bloodbath. However, it didn’t have any other options, a former Fed insider believes. If the Fed had been silent then we might have even seen more disruption,” Danielle DiMartino Booth said in an interview […]

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White House promises big bucks to airlines…and Americans will get a check too

US Treasury Secretary Steve Mnuchin has promised immediate financial relief “within the next two weeks” to Americans hit hard by the coronavirus recession – plus a massive financial aid package for the airline industry. The Trump administration will be sending a check to Americans within the next two weeks for an undetermined amount, Mnuchin announced […]

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With economy imploding, US losing its superpower status to make room for Russia and China, says Max Keiser

The global markets’ current implosion was 100 percent guaranteed, former Wall Street stockbroker Max Keiser told RT. According to him, the financial markets are best described as a “quadrillion-dollar Ponzi scheme.” “Central banks’ policy of allowing governments and corporations to borrow, at virtually no cost, against decades of future consumption to consume now, hollowed out […]

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‘This is the beginning of the greatest financial crisis in US history’: Peter Schiff makes dire predictions to Boom Bust  🎞️

After suffering the worst stock market crash since 1987, the US Federal Reserve has announced a $1.5 trillion injection to ease strained capital markets. It is the biggest action by the Fed since the 2008 financial crisis. RT’s Boom Bust is joined by the CEO of Euro Pacific Capital Peter Schiff to find out if […]

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US Dow Plummets Nearly 3,000 Points as Trump States COVID-19 Outbreak Could Last Months

US stocks fell sharply on Monday as the Dow Jones Industrial Average index tumbled nearly 3,000 points despite the Federal Reserve’s latest attempt to ward off concerns of a possible COVID-19-induced economic downturn. The Dow slid by 2,997.10 points, while the S&P 500 dropped by 324.89 points, declines which placed the indices more than 20% […]

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The Story of ‘No Hope for Russia’ Is Wrong – RDIF CEO on Anti-Russian Narratives in Davos

As many heads of state skipped WEF-2020, most discussions focused on business and the economy. But Wednesday’s panel meeting on Russia turned into a heated debate, with its participants arguing about bias and outdated stereotypes. Relations between Moscow and the West dominated the agenda at the “Strategic Outlook on Russia” – a World Economic Forum […]

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IMF warns of new ‘Great Depression’, Russia ahead of the curve due to increased cash & gold reserves

Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses. Kristalina Georgieva isn’t any sort of conspiracy theorist; she’s the head of the International Monetary Fund. And when she warns that the global economy risks another “Great […]

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IMF Chief Warns Global Economy May Well Slide Into Another Great Depression

The international financial watchdog earlier estimated the recent trade rows had already cost the world economy about $700 billion or an 0.8 percent slump in global GDP, outlining the data in a soon-to-be-published annual report by the IMF.

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