Identifying the Cause of America’s Collapsing Economy

The dramatic decline of the once great US economy has important lessons for Australia and the world, as Alan Austin reports. AMERICANS SEEKING WISDOM about the state of their economies will get little insight from mainstream economics writers. They are like detectives called in to investigate an attack. They notice shoe prints in the garden, … Read more

US stocks plunged, Dow dips below 30,000 as inflation, recession fears mount

US stocks plunged Friday, capping four days of declines and lingering inflation and recession concerns. The Dow Jones Industrial Average fell more than 800 points before recovering at the close of trading, but remained below 30,000 for the first time since June. The Dow Jones Industrial Average fell 483.83 points, or 1.61%, to 29,592.85. The … Read more

UK Chancellor unveils mini-budget to tackle runaway inflation

https://sputniknews.com/20220923/british-chancellor-unveils-mini-budget-to-tackle-runaway-inflation-110117219.html UK Chancellor unveils mini-budget to tackle runaway inflation UK Chancellor unveils mini-budget to tackle runaway inflation New Chancellor Kwasi Kwarteng confirmed many of the rumors circulating around his fall statement on Friday. But his estimate of the cost to the taxpayer of the… 23.09.2022, Sputnik International 2022-09-23T10:37+0000 2022-09-23T10:37+0000 2022-09-23T10:37+0000 almost quarter narrow economy Europe … Read more

Brutal winter ahead for Wall Street as pandemic debts fall due

A banker recently told me that CEOs would have to “do something really special to go bankrupt” over the past few years as the government pumped massive liquidity into the market on top of the pandemic payouts. That is now changing, possibly soon, as the Fed raises interest rates and shrinks the size of its … Read more

Premarket trading: Wall Street dodged a rail strike crisis, but trouble ahead

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can sign up here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business — The White House announcement that a tentative deal has been reached to … Read more

Premarket Stocks: Ukraine’s Wins Are Exciting for Wall Street. The boost can fade quickly

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can sign up here. You can listen to an audio version of the newsletter by clicking on the same link. London CNN Business — Over the past week, Ukrainian forces have dealt a massive blow to Russia’s … Read more

Queen’s funeral could push UK into ‘technical recession’: economic forecast

The death of Queen Elizabeth II could be the blow to the UK’s already tense economy into a “technical recession”, according to an economic projection, as some Canadians are also ringing warning bells about the effect of a national holiday on the economy. companies of the country. The forecast follows economic data released earlier this … Read more

British Prime Minister: Boris Johnson will deliver economic ‘catastrophe’ to his successor

London CNN Business — Across the UK, businesses and households are warning that they won’t make it through the winter without government help. This presents the incoming prime minister, who will be announced this week, with enormous challenges. For months, the UK has faced a leadership vacuum as the country slides into recession and a … Read more

India will become third largest economy by 2030, experts say

https://sputniknews.com/20220904/india-set-to-become-third-largest-economy-by-2030-say-experts-1100349330.html India will become third largest economy by 2030, experts say India will become third largest economy by 2030, experts say India has overtaken the United Kingdom (UK) to become the fifth largest economy in the world and now follows only the US, China, Japan and Germany, according to… 04.09.2022, Sputnik International 2022-09-04T08:51+0000 2022-09-04T08:51+0000 2022-09-04T08:51+0000 … Read more

US house price growth will ‘come to a halt’, Goldman warns

The US housing market has yet to “fall further” in a recent downturn that has fueled fears of a recession, Goldman Sachs analysts warned in a note to customers on Tuesday. The bank’s analysts expect house price growth in the once thriving market to “slow down sharply” in the coming quarters, with some markets declining. … Read more