The continued fall of FAANG stocks – Facebook, Apple, Amazon, Netflix and Google – on Monday left the blue-chip basket of equities down almost $730 billion after a six-week sustained decline, stoking investor fears of the US technology sector entering a bear market.
Nearly every media outlet repeats this idea constantly, but it’s just not true. With unemployment near record lows, President Donald Trump deserves substantial credit for the strength of the economy, right? This is a common refrain — and not just from Trump’s allies. Many in the media point to the economy as a sign of Trump’s strength, […]
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.
The Russian economy is currently in good shape, posting its first state budget surplus after years of deficit, according to a report published by the German outlet Welt. This “paradox” may have something to do with the new dynamics of the country’s currency, the ruble, and growing oil prices.
Last week’s stock market nosedive signaled more pain ahead, culminating in a financial catastrophe if the growing economic bubble bursts, says Peter Schiff, CEO of Euro Pacific Capital.
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 […]
Tuesday’s US stock plunge following a massive selloff on global markets is seen by some analysts as a sign of more bad things to come. RT talked to veteran stock broker Peter Schiff to explore the issue in depth. After the dramatic early drop, US stocks recovered but finished lower after a wild day on […]
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 […]
Russia’s Ministry of Economic Development said on Thursday that Moscow and Beijing are working on an inter-governmental agreement to boost the use of the ruble and yuan in mutual trade settlements. “The document is currently being prepared, the process is not easy,” said Deputy Minister of Russia’s Economic Development Sergey Gorkov, as quoted by TASS.
“Flooding Europe with Democracy” | Public lecture at Vienna’s University of Economics Vienna University of Economics and Business (WU) is the largest business and … in Europe, and it hosts 450 annual exchange students from 210 universities and 50 … Students love to talk business at WU, but student activities, including sports … With a […]
The sell-off wave that has hit US equities this week is also affecting the world’s other economies, veteran trader Jim Rogers has told RT. The investor is predicting a ‘very bad’ bear market ahead. America is [the] largest debtor nation in the history of the world and the largest economy in the world.
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.
The latest data from the US Treasury Department shows America’s gross national debt ballooned by $1.2 trillion to a breathtaking $21.52 trillion on September 28, the last day of fiscal year 2018.
There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the […]