Experts are busy assessing the signs of an oncoming global recession and a new financial crash, poring over charts, columns of figures and graphs, reading about warnings from the International Monetary Fund among others. Why are they so deeply alarmed? Globally, manufacturing is in a recession. US production is contracting and jobs are disappearing as […]
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Tag: crash
Bitcoin fever could spark new crash
In less than a year the price of a Bitcoin has soared from less than $1,000 to $17,000 (almost $20,000 at one point). Bitcoin is one of a growing number of digitally-generated global cryptocurrencies existing independently of any government. What’s it got to do with Jeremy Corbyn’s Labour, and what […]
Bankers in panic mode as new crash brewi...
Another financial crisis is not likely in our “lifetime”, says US Federal Bank chair Janet Yellen. Pick me up off the floor someone! Yellen’s somewhat delusional assurances are meant to calm fevered markets and postpone if not avert the next crash. But they’ve rightly been met with scorn. Warning signals are flashing brightly around the […]