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Black Thursday

Throne speech: Trudeau government signals important changes, but may buckle to demands of elites Black Thursday

Throne speech: Trudeau government signals important changes, but may buckle to demands of elites

As it should, the coronavirus pandemic took centre stage in the Liberal government's speech from the throne. Getting through this global crisis, which affects us all, must take precedence. With some notable gaps and a last-minute push from the NDP to ensure workers affected by COVID do not see their incomes…
bubmag
September 25, 2020
Thai student protesters gain upper hand as Prayuth government reels from Covid-19 and tourism crash Black Thursday

Thai student protesters gain upper hand as Prayuth government reels from Covid-19 and tourism crash

Student leader Panusaya Sithijirawattankul hands over a letter with demands for reforming the monarchy during a mass rally. Photo: ReutersSix weeks since Thailand’s pro-democracy movement demanded reforms, the government has yet to respond, seeking to wait out the protesters The government is said to be holding off on a crackdown…
bubmag
September 25, 2020
The US is facing a dollar collapse by the end of 2021 and over a 50% chance of double-dip recession, economist Stephen Roach says Black Thursday

The US is facing a dollar collapse by the end of 2021 and over a 50% chance of double-dip recession, economist Stephen Roach says

Stephen Roach. Chen Xiaomei/South China Morning Post/Getty Images The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday.The US has seen economic output rise briefly and then fall…
bubmag
September 24, 2020
‘The worst crash in our lifetime’: One market expert says stocks are screaming towards a Great Depression-like setup in early 2021 — and warns an 80% to 90% plunge isn’t out of the question Black Thursday

‘The worst crash in our lifetime’: One market expert says stocks are screaming towards a Great Depression-like setup in early 2021 — and warns an 80% to 90% plunge isn’t out of the question

Bettmann/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Harry Dent, the founder of Dent Research and editor of the Economy and Markets newsletter, says stocks are nearing a day of reckoning.  His forecast rests upon several variables, including exorbitant debt,…
bubmag
September 13, 2020