Dylan Ratigan—Oct. 21, 2010—Panel debates whether the economic crisis in Paris and London are a preview of what's to come for America.
Showing posts with label economy collapse. Show all posts
Showing posts with label economy collapse. Show all posts
Friday, October 22, 2010
Sunday, January 10, 2010
Debt Based Economies are Collapsing fast
A new form of capitalism will emerge after the economic collapse ?
USA and UK have borrowed way too much , the UK debt is three times the GDP , is this situation sustainable in the medium term ?or will the whole system collapse and we see the birth of a new form of capitalism ?
Friday, June 12, 2009
Americans wealth declines by $1.3 trillion
Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009, as the stock market and home values continued to decline, according to a government report released Thursday.
Household net worth fell to $50.4 trillion, according to the flow of funds report by the Federal Reserve. Americans' stock holdings plunged 5.8% to $5.2 trillion and mutual funds holdings slid 4.1% to $3.3 trillion, while their home value dropped 2.4% to $17.9 trillion.
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