Black Thursday

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…

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,…

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The UK economy grew for a third month in a row in July as pubs, restaurants and other sectors reopened after the coronavirus lockdown, but it remained around 12% smaller than its pre-pandemic level.  After crashing by a record 20% in the second quarter, output expanded by 6.6% in July,…

What do you do if you’re an oil company with too much oil? You find a place—any place—to put it. If people aren’t driving or flying as much, they’re certainly having things delivered. That’s where the oil comes in, delivering the raw materials to make the plastic enveloping all those…

Vlad Tenev and Baiju Bhatt, the millennial founders of the investing app Robinhood, have long claimed that their inspiration was Occupy Wall Street, the anti-capitalist movement that agitated against the runaway greed of the financial sector and the ruling class a few years before Tenev and Bhatt would become multimillionaires…

Tory MPs are warning Rishi Sunak that a proposed £30bn tax grab to recoup the costs of the coronavirus crisis will stifle the country’s economic recovery. The chancellor is reportedly considering what the Daily Mail describes as a “huge fiscal raid” in the Budget in November, after emergency spending to tackle the pandemic…

When the pandemic lockdowns in the United States first began, there were troubling signs that women would bear the brunt of the coming economic collapse. As layoffs started, more women than men lost jobs; by April, unemployment was almost 3 percentage points higher for women. A few months later, those…

Olusegun Bamgbose, Esq., National Coordinator, Concerned Advocates for Good Governance, CAGG, has warned that Nigeria’s economy may crash or be grounded by 2026. Bambgose was speaking about the sovereignty clause inserted in the agreement to secure $500m loan from China. The loan agreement between Nigeria and China has indeed generated…

“It would be hard to pack more error into so few words.”—Milton Friedman, in 1994, commenting on an article by Judy Shelton supporting a gold standard.This week, the Senate is expected to take up the nomination of Judy Shelton to be a member of the Federal Reserve Board. She is…