Is Global Recession Looming?
According to Heiner Flassbeck, former head of UNCTAD, there are many factors pointing to a convergence in a normal cyclical downturn, deepening recession in Europe, complicated by potential hard Brexit–With…
Germany Shows Signs of Recession – Is the Global Economy Next?
Heiner Flassbeck argues that the China-US trade war is not having as much of an impact on the global economy as many assume. China’s currency is not undervalued, despite its…
Fed Comes to its Senses, Lowers Interest Rate
After causing almost every recession of the past several decades, the Federal Reserve is lowering interest rates before a recession takes hold. This represents an important shift in the Fed’s…
$600M Property Tax Overcharge Is Eroding Detroit’s Black Homeownership
African-American homeowners in Detroit don’t just face lingering damage from the 2008 recession. The city is suffering from a foreclosure crisis after overcharging homeowners $600 million in property taxes. CORRECTION:…
Detroit’s Land Bank Holds More Trouble for City’s Remaining Homeowners
What happens to the remaining homeowners, their properties, and their neighborhoods in Detroit after the foreclosure crisis created a glut of abandoned, city-owned houses? Director/Video Editor: Will Arenas Audio Engineer:…
Stock Market Gyrations Signal Serious Trouble Ahead
Although the connection between the stock market and the general economy is not as close as it used to be, we are overdue for a recession and so the recent…