Great Recession Archives - Rethinking the Dollar

US headed for dollar & sovereign debt crisis on scale never experienced

Nov 1, 2020 | Economic Collapse

The US Federal Reserve has never been right in its policies and has set up the American economy for an even bigger crisis, said economist Peter Schiff at the Virtual Investor Day Conference. According to Schiff, the United States is entering the final chapter of the...

US Deficit To Quadruple To $3.8 Trillion This Year

Apr 13, 2020 | Economic Collapse

Two weeks ago, with US CDS surging ever since the arrival of “helicopter money”… …Fitch became the first rating agency to warn that the US AAA rating was at “risk of a near-term negative action” due to a damning set of reasons...

Unemployment Data: First Estimates Worse Than The Great Depression

Mar 30, 2020 | Economic Collapse

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which...

Sizing up the 2017-2020 Housing Cliff Hanger

Feb 9, 2020 | News

The best time to size up the collapse in housing that I called almost two years ago will be when it is over — so we can visualize its full extent. Since it is now over by some measures, though not by others, this might be as good as we get for awhile as a...

Subprime Loans Will Be Back With A Vengeance In 2020

Jan 15, 2020 | News

One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks,...