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The imminence of another deflationary financial collapse may just have got a somewhat closer. Prior to the 2008 economic crisis, 4 particular events happened at the same time. It would appear that history is about to repeat itself as those same 4 events are happening yet again, and many analysts agree that, as the severity […]

The New Development Bank (NDB) was officially launched by the BRICS group yesterday, and many global financial analysts see it as direct competition to the World Bank and the International Monetary Fund (IMF). The BRICS group is made up of the following countries – Brazil, Russia, India, China and South Africa, and its new bank […]

U.S. stock markets all suffered today following news from both IBM and United Technologies of weakened performance. IBM fell by 5.1% after announcing a 13th consecutive quarterly fall in sales (this quarter saw a profit drop of 17%). United Technologies saw their value fall by 5.4% after it significantly lowered its full-year profit outlook – […]

Following news that the Department of Veterans Affairs (VA) may be closing hospitals in the near future due to financial mismanagement, it has been leaked to the media online that 238,000 out of the 847,000 veterans that appear on the VA’s official “backlog” of those awaiting healthcare have sadly passed away since their application. “Analysis […]

On July 13, the Treasury Department was clearly relieved to announce a budget surplus for the month of June, 2015 of $51.8 billion. However, all the announcement did was to mask the ongoing budget deficit as it stands for the year, currently running at $313.4 billion, where spending continues to exceed revenue. In fact, just […]

The Department of Veterans Affairs (VA) may well shut hospitals next month because of a $2.5 billion gap in its current year’s budget. Blaming veterans’ increased demand for healthcare, the VA also admitted that it has a further funding gap for the year’s budget ending September 30. They say they have no option at the […]

Janet Yellen, the Federal Reserve chairwoman, today repeated her view that the U.S. government will be in a position to raise interest rates this year. Today, at a speech given to the City Club of Cleveland in Ohio, she said it was appropriate to begin “normalizing” monetary policy this year, as she was confident the […]

In just the last 3 weeks, a massive $3 trillion has been wiped off the value of shares in the Chinese stock market, amounting to 30% of their total value (as a comparison, this is 7 times the total debt of Greece). 1,300 listed companies, over 40% of the market, have actually suspended share-trading. Following […]

Simultaneously-released data from the Labor Department and the Commerce Department, respectively, may give the Federal Reserve reason to delay an interest rate rise this September, as many analysts were predicting. The labor force participation rate is down to its lowest level since 1977, primarily due to a 432,000 reduction in the number of people either […]

Greece’s participation within the currency of the euro is looking more precarious by the hour, let alone the day. Nothing has come from months of European negotiations and, today, police in central Athens were forced to use tear-gas on demonstrators. The people of Greece have no access to regular banking as the banks are shut. […]