Browsing Category Economic Collapse

Stocks tumble, bank stocks get crushed

Wednesday, March 22, 2017

Stocks had their worst day of 2017 on Tuesday, as the S&P 500 broke a 109-day streak without losing 1% in a day. View post

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Silicon Valley Loses 100% of All 2016 Job Gains

Wednesday, March 8, 2017

The State of California reported that unemployment in Silicon Valley rose from 3.4 to 3.8 percent, as the area lost all 22,000 jobs gained in 2016 in a single month.View post

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US economy finishes 2016 in the doldrums

Friday, January 27, 2017

The United States economy continued its sluggish pace in the fourth quarter of 2016, posting an anemic 1.9 percent growth rate. Overall, the economy grew at a rate of only 1.6 percent for 2016, the lowest rate of growth for the U.S. economy since 2011.View post

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Pfizer Continues to Plunge

Thursday, January 19, 2017

Shares of Pfizer (PFE) continue to struggle after testing heavy resistance just below $34.View post

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5 States Where Taxes Are Going Up in 2017

Monday, January 9, 2017

Although President-elect Donald Trump has pledged to cut federal taxes, state taxes are rising across the U.S. as financially strapped states search for funds to repair deteriorating infrastructure and close widening budget shortfalls. In their search for revenue, states have targeted everything from e-cigarettes to lottery winnings.View post

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Unemployment rate tumbles to 4.6%

Friday, December 2, 2016

In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October’s 4.9%.View post

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