The coronavirus pandemic is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization (WTO) has warned. “We confront what may well be the deepest economic downturn of our lifetimes,” the organization’s Director General Roberto Azevedo said in a […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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% […]
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 […]
The Agenda welcomes Pulitzer Prize-winning journalist Chris Hedges, who over the past decade and a half has made his name as a columnist, activist and author. He’s been a vociferous public critic of presidents on both sides of the American political spectrum, and his latest book, ‘America, the Farewell Tour,’ is nothing short of a […]
America Doesn’t Have a True Political Opposition That Offers a New Social Contract — And the Price is Collapse. The day after the election. Another mass shooting. A reporter “banned.” A dubious appointment to high office. Demonization and scapegoating — “they’ve invading us!” — redoubled and unabated.
Help us reach 100,000 subscribers and gain access to more studio time! Please hit the red SUBSCRIBE button above. ^^^ Support the show! Become an EU patron on Patreon: https://www.patreon.com/economicupdate A Deepening Crisis of Capitalism How to Profit from the Coming Trump Train Wreck – Peter Schiff Gerald Celente – Economic Meltdown Worse than Great […]
This video analyses the wars in the middle east and the geopolitical issues that may lead to a confrontation between Russia, China, Iran and their allies, and the US and it’s allies, which include Britain, Saudi Arabia and Qatar. WHAT IS THE PETRODOLLAR? What is the Petrodollar and Why Does It Matter Was The End […]
Anya Parampil reports on blowback from metals tariffs, specifically Ford’s $1 billion loss in profit that could lead to layoffs of up to 24,000 workers. Richard Wolff, Professor Of Economics & International Affairs and Co-Founder of “Democracy at Work” joins the show to explain why Trump’s “America first” policies are resulting in losses for US […]
US Initial Jobless Claims have hit their lowest level since 1969, with consumer confidence reaching its highest in decades. Things are looking pretty good until you start discussing averages, says Mish Shedlock of MishTalk.com.