Black Thursday

The Labour leader told the Commons: “The failure of the last 12 years and the chaos of the last 12 weeks are compounded by the decisions he is taking now. He won’t follow Labour’s plan to scrap non-dom status. Instead, we have got an NHS staffing crisis. “He won’t follow…

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Photo: Donna Gibbs (Shutterstock) With crashing stock markets and soaring consumer prices, the economy is certainly struggling. And yet the “recession” label hangs in the air, not yet an official description for the current state of the economy—in the U.S. and around the world. One of the reasons it’s hard…

Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy, not bringing down inflation.” Fed Chair Powell…

Former Brazilian president Luiz Inacio Lula da Silva -- who is seeking another term in 2022 -- was once called 'the most popular politician on Earth' by no less than Barack Obama. – AFPRio de Janeiro: Luiz Inacio Lula da Silva, who rose from poverty to Brazil's presidency before crashing…

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Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the…

The crypto market is going through another crash, and the values of the coins are getting lower. This crash is ongoing because of the pressure that the world economy is building up, but there is also a fear that the Federal Reserve will increase interest rates again.  However, despite the…

The cryptocurrency market is currently experiencing yet another crash, with coin prices trading lower due to increased pressure from the broader economy and fears that the Federal Reserve would again raise interest rates. Several investors wonder if most large-cap coins will test their multi-month lows once more. However, the best…