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The Looming Aftermath: Six Unsettling Scenarios Following an Economic Crash

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Gold Surges, Dollar Dips: Peter Schiff Warns of Impending U.S. Economic ...

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Jim Rogers Sounds Alarm: Legendary Investor Dumps US Stocks, Warns of Im...

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How Does the Stock Market Work? Documentary

February 17, 2020

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Brace For Impact! The U.S. Economy Is Going Down - Dollar Collapse

December 02, 2019

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U.S. Relations With China Were Just Destroyed - Trade War - Recession

December 01, 2019

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Global Collapse Incoming? The Total Breakdown Of Relations With China

December 01, 2019

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The Coming Economic Hell For American Families - US Economic Collapse

December 01, 2019

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Warren Buffett's Berkshire misses out on $5 billion acquisition

December 01, 2019

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Gold cards for everyone. How a bank for the forgotten made its investors...

December 01, 2019

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A tight job market insulates a slowing economy - US Recession - Trump

December 01, 2019

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A tight job market insulates a slowing economy - US Recession - Trump

December 01, 2019

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The importance of small businesses to the US economy

December 01, 2019

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Popular Posts

5 of the world's biggest economies are at risk of recession

Five big economies are at risk of recession. It won't take much to push them over the edge. The British economy shrunk in the second quarter, and growth flat lined in Italy. Data published Wednesday show Germany's economy, the world's fourth largest, contracted in the three months to June. "The bottom line is that the German economy is teetering on the edge of recession," said Andrew Kenningham, chief Europe economist at Capital Economics. Mexico just dodged a recession— usually defined as two consecutive quarters of contraction — and its economy is expected to remain weak this year. And data suggest that Brazil slipped into recession in the second quarter. Germany, Britain, Italy, Brazil and Mexico each rank among the world's largest 20 economies. Singapore and Hong Kong, which are smaller but still serve as vital hubs for finance and trade, are also suffering. While growth has been dragged lower in each country by a specific cocktail...

A tight job market insulates a slowing economy - US Recession - Trump

THE REASON FOR FINANCIAL DISTRESS IN SHIPPING INDUSTRY

The economic collapse in September 2008 is considered by many economists to have been the worst financial crisis since the Great Depression. It cost the United States an estimated $648 billion due to slower economic growth and federal government spending to mitigate the financial crisis through the ‘Troubled Asset Relief Program’ has resulted in a net cost to taxpayers of $73 billion. The bottom line, the United States lost $3.4 trillion in real estate wealth in less than 8 months. However, real estate was not the only industry which got effected by this financial depression. The shipping industry was affected, too, starting around 2003, and the effects are still being felt hard today. For the 5-year-period between 2003 and 2008, the shipping industry has enjoyed one of the most prosperous times in its history. To put into numbers, an average dry bulk ship earned $39,000 per day in 2004 and around $50,000 per day in 2008. For the comparison, these numbers were below $1...

Warren Buffett's Berkshire misses out on $5 billion acquisition

Is Buying Gold a Good Investment?

Historically, gold has played a major role in the economies of many nations. Although it is no longer a primary form of currency, gold is still a solid, long-term investment and may be a valuable portfolio addition, particularly in a bear market. Gold was considered a universal currency for hundreds of years. Due to its recognized value worldwide, a gold standard was used as far back as the Byzantine Empire over 1,500 years ago. Until recently, in fact, gold was used as the world reserve currency. In 1944, upon the signing of the Bretton Woods Agreement, the dollar replaced gold as the world reserve currency. But even after this agreement, gold continued to be used to back up various countries’ domestic currencies. However, in 1971, Richard Nixon removed the gold standard in the U.S. and other countries soon followed. Advantages of Gold as an Investment Although it is no longer a primary form of currency in the developed world, gold remains a popular investment for a numb...

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