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Historic Yield Curve Inversion Reaches 656 Days, Echoing Pre-Stock Market Crash Patterns
22.4.2024
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock...
Donald Trump Warns of Stock Market Crash and Great Depression if He Doesn’t Win Presidential Election
2.1.2024
Former U.S. President Donald Trump has warned that the U.S. could face a stock market crash worse than that of 1929 and a Great Depression if he doesn’t win the upcoming presidential election. He stressed that the U.S. economy is “terrible” and inflation over the past three...
Economist Harry Dent’s Grim Prediction — 2024 Market Crash to Eclipse Great Depression
21.12.2023
In a recent interview with Fox News, renowned economist Harry Dent issued a dire prediction for the global economy, forecasting 2024 to be the year of the most significant financial crash in living memory. Citing a combination of overvalued markets, excessive stimulus spending, and artificial...
Rand Plunges After US Weapons Accusations Against South Africa, Schiff Criticizes Misleading Inflation Numbers, and More — Bitcoin.com News Week in Review
21.5.2023
Another exciting week in crypto and finance has come and gone, with news of U.S. government accusations against South Africa, regarding the alleged supply of the Russian state with ammunition. In other news, ten Southeast Asian nations are challenging U.S. dollar dominance, having agreed...
Economist Peter Schiff Warns About a New, Incoming Great Depression Crisis, Criticizes Misleading Inflation Numbers
16.5.2023
Peter Schiff, best-selling author and chief economist of Europac, has warned about the coming of a new great depression period in America. In an interview, Schiff stated that official Consumer Price Index (CPI) numbers were designed to mislead the public and that the country was going to face...
Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees
14.11.2022
The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed, Inflation, and the Great Depression Ark Invest...
The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise
2.11.2022
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth...
Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression
22.7.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to a “Greater Depression.” He added that real estate is crashing and foreclosures are up 700% from last year. Robert Kiyosaki’s Depression Warnings...
With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions
1.5.2022
Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting...
IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’
7.3.2022
In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the air,...
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....
IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers
26.5.2020
The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles...
US Manufacturing Crisis: Fastest Economic Deterioration Ever Recorded, Analyst Says
3.5.2020
The US manufacturing activity has plunged to a record low, indicating that the country has entered into a deeper recession. “This recession is the quickest deterioration in economic activity ever recorded,” an economist explained. This data is accompanied by collapsing global demand...
Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely
27.4.2020
Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. Meanwhile, Apple CEO Tim Cook reportedly told President Trump...
IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...
Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19
4.4.2020
The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008...
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
17.8.2019
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February...