A large crack has appeared in the financial markets overnight in a segment of the market that the public rarely, if ever, notices. This crack, however, is crucial to the functioning of the global financial system. Borrowing rates skyrocketed on Tuesday forcing the...
Chief financial officers in the United States have started to prepare themselves and their finances for a recession. For the first time in several years, economic uncertainty is now their lead concern, replacing worries about the difficulty of hiring and retaining...
This article was contributed by Tom Beck of Portfolio Wealth Global. Imagine that you were hibernating for 11 years – that in September 2008, you fell asleep and only awoke today. You haven’t been caught up in all the hype, the recession talk, Bitcoin, Brexit,...
Laura Nolan, a former Google software engineer who left the company in protest of Project Maven, Google’s since-abandoned artificial intelligence development program for military drones, says killer robots could commit atrocities. If governments turn control of their...
According to a new Bank of America survey, recession fears have jumped to all-time highs. A Bank of America Merrill Lynch (BAML) survey of United States credit investors found that the perceived probability of a recession in the next year spiked to 25%, its highest...
This article was originally published by Michael Snyder at The Economic Collapse Blog. When the price of oil rises dramatically, that tends to be really bad for the U.S. economy. Because we are so spread out and goods are transported over such vast distances, our...