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Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
Here's something to chew on: If stocks fall today, it will be the longest losing streak in 33 years. The Dow has dropped eight days in a row. Not even during the depths of the 2008 and 2009 ...
An image of trade between the United States and China. There are two things we must consider when fore casting possible outcomes of this course of action: the impact of the tariffs themselves, and ...
My mom is in the eighty plus group, lives alone, and manages her own finances. She has been retired for more than twenty-six years, living off of pensions, Social Security and savings. While she ...
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
Economist Martin Wolf wrote in 2012 that the financial crisis in the U.S. was a balance sheet recession: "The overall story, then, is of an economy driven not by fiscal policy decisions, but by private sector decisions taken for reasons that have nothing to do with the long-run fiscal prospects of the economy. Meanwhile, the government, as a ...
The steep downturn in the markets has hit senior citizens the hardest. Many of them have seen the value of their portfolios plummet, at a time when they need their money the most.An elderly widow ...
The International Monetary Fund defines a global recession as "a decline in annual per‑capita real World GDP (purchasing power parity weighted), backed up by a decline or worsening for one or more of the seven other global macroeconomic indicators: Industrial production, trade, capital flows, oil consumption, unemployment rate, per‑capita investment, and per‑capita consumption".