marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Inflation
02/10/2023
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By JD Heyes
Nearly half of all Americans doing worse under Biden according to major new survey
Joe Biden, like other Democratic presidents before him, has not implemented great economic policies and, coupled with massive Democratic spending his first two years in office, has dramatically harmed the average American worker’s financial situation. In fact, according to a major new survey, nearly half of all Americans say they are worse off thanks to […]
02/10/2023
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By Ethan Huff
Cargo thefts spiked 15% in 2022 across US and Canada as organized crime rings targeted supply chain
The latest data from CargoNet shows that cargo thefts increased substantially in 2022 – and especially towards the end of the year – as global supply chains falter. The Verisk Analytics-owned firm, which tracks voluntarily reported cargo thefts, reported 1,778 “supply chain risk incidents” in Canada and the United States in 2022. This is up […]
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
02/09/2023
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By JD Heyes
REALITY CHECK: Amateur investors learn the hard way as they lose it all in the post-pandemic world
Scores of people who thought they would take advantage of a volatile stock market as the COVID-19 pandemic began in earnest have learned a hard lesson after losing most or all of their fortunes thanks to bad luck, bad habits and/or over-leveraging their positions. One of them is amateur trader Omar Ghias, who managed to amass […]
02/08/2023
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By JD Heyes
Biden set to implement 200% tariff on Russian aluminum, which will worsen U.S. inflation
During his State of the Union Address on Tuesday, Joe Biden tried to claim that his economy was a success by lying about job ‘creation’ and downplaying inflation — though the latter would not even be a problem were it not for his economic policies and those of Democrats in Congress. At the height of […]
02/08/2023
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By Ethan Huff
Green energy projects financially COLLAPSING around the world: Siemens wind turbine manufacturer latest casualty
The world’s biggest “green” energy players are facing massive losses and write-downs as their renewable energy projects epically fail. Siemens Gamesa, a German-based company that calls itself “the global leader in offshore power generation,” lost nearly $1 billion during the three-month period between October and December of last year. The reason? “Unfavorable pressures” and “negative […]
02/08/2023
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By Cassie B.
As gas prices rise for 5th straight week, experts warn high prices will persist through summer
Gas prices in the U.S. rose for the fifth week in a row during the last week of January, and industry analysts report that they are unlikely to drop in the near future. According to GasBuddy, the national average reported last week of $3.49 per gallon represents a rise of 33.3 cents over the figure […]
02/07/2023
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By Belle Carter
FedEx announces end of SameDay City delivery service as demand plunges
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as “the fastest local shipping option” came amid a drop in demand in the transportation industry. FedEx Office, a unit of the transportation conglomerate, broke the news on Feb. 3. According […]
02/06/2023
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By Arsenio Toledo
Credit card debt SURGES to record-high $930.6 billion and will keep increasing due to inflation, interest rates
The amount of credit card debt owed by Americans jumped by 18.5 percent, hitting a record-high of $930.6 billion – and this is expected to climb even higher as American consumers continue to deal with nflation and rising interest rates. “Whether it’s shopping for a new car or buying eggs in the grocery store, consumers continue to […]
02/03/2023
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By JD Heyes
Black Swan financial manager is preparing for “mega-tinderbox timebomb” event that will crash economy
Top hedge fund manager Mark Spitznagel has believed for some time that the U.S. economy, if not the global economy broadly, is in for a huge correction, and frankly, with the drums of World War III beating louder every day, it makes sense to assume he knows what he’s talking about. A piece published by The Wall […]
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