'Day of reckoning': Moody's Analytics economist Mark Zandi warns that conditions for economic crisis are falling in place for US
submitted by /u/some_left_coaster [link] [comments]
newest submissions : economicCollapse
Articles and discussion relating to economic collapse. Topics may include (but are not limited to) inflation, deflation, the financial system, debt, economic instability and preparing for crisis.
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An extra $100 per month for Obamacare is too much for nearly half a million Floridians | Fortune
submitted by /u/some_left_coaster [link] [comments]
US wages plummet to 43% of national income — lowest since the Great Depression. Did Nixon’s gold breakup kill paychecks?
submitted by /u/IM_NOT_BALD_YET [link] [comments]
Mark Cuban wants to solve wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock
Good God, this guy is so frustrating. He's one of the few rich guys who acknowledges there's a problem but everything he proposes will at best, do little or nothing and at worst, make things worse. He's like a guy who realizes his house is on fire and thinks the best course of action is to rearrange the furniture instead of calling 911. submitted by /u/CulDeSacOfShit [link] [comments]
Weekly Observation and Discussion - local and personal recession indicators
*Please note!* Post is new each Sunday evening. Top level comments should be at least 150 characters to encourage quality discussion, and users should refrain from making several top level comments in a week. Please mention location at the top of your comment when discussing local recession indicators. Share your observations of local recession indicators or personal recession indicators. Examples…
$40T and counting
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.…
All my life I was told "the debt doesnt matter". I dont see how the economy can keep going like this without collapsing with 40 Trillon + in debt.
All my life I was told "debt doesnt matter". Well the US has passed the 40 Trillion treshold and is paying almost 1 Trillion anually in interest rate. At this rate it will pass the 50 Trillion treshold sometimes by 2030. Interest rate for debt by then will probably be 2 Trillion anually. Will this amount of debt truly "never matter" or will there be a time of reckoning eventually? And if it…
Alright Bros Buckle Up, Things About to Start Getting BUMPY
submitted by /u/tyler98786 [link] [comments]
Nearly 25% of U.S. workers are "functionally unemployed," economic analysis finds
submitted by /u/IM_NOT_BALD_YET [link] [comments]
'Freezers Are Getting Empty': Food Banks Struggle to Meet Demand as SNAP Cuts Rip Through Communities
submitted by /u/beingmodest [link] [comments]