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News & Articles By Cassie B.
02/23/2024
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By Cassie B.
German banks preparing for wave of loan defaults in the face of major real estate crisis
German real estate lender Deutsche Pfandbriefbank is preparing for what it says will be the steepest drop in commercial property values seen in the country in 15 years. During the fourth quarter of 2023, the bank raised its provisions for losses on loans, setting aside more than $230 million for the year to prepare for […]
02/21/2024
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By Cassie B.
Worsenining commercial real estate market woes could spark a new banking crisis
Worries are growing that the U.S. commercial real estate market’s current woes could lead to another banking crisis. This year, around $929 billion in outstanding commercial mortgages will mature, the Mortgage Bankers Association reports. This is a staggering amount that equates to 20 percent of the $4.7 trillion outstanding debt overall. But with higher interest […]
02/16/2024
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By Cassie B.
BRICS and EAEU trade blocs are accelerating the demise of the dollar
The shift away from the U.S. dollar as the dominant currency on the world stage continues in full force, with BRICS and EAEU headed toward full dedollarization. Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now […]
02/11/2024
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By Cassie B.
Fears of more regional bank failures grow as Moody’s cuts New York Community Bancorp’s credit rating to junk status
Moody’s Investors Service has downgraded its credit rating for New York Community Bancorp (NYCB) to junk status – its lowest investment-grade rating – as the troubled regional bank continues to struggle. The downgrade pushed its credit rating down two full notches and indicates serious doubts about whether it will be able to repay debt holders. […]
02/02/2024
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By Cassie B.
Fake news corporate media is imploding as Los Angeles Times announces massive layoffs amid “financial crisis”
The Los Angeles Times has laid off at least 115 journalists in a massive layoff that accounts for just over 20 percent of its newsroom. The move comes as the company struggles to cope with a “financial crisis.” The head of their union, the Media Guild of the West, Matt Pearce, said that 94 of […]
02/02/2024
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By Cassie B.
Mainstream media’s demise continues as CNN shuts down all operations in the Philippines
Yet another nail has been hammered into the coffin of the mainstream media with the announcement that CNN will be closing its operations in the Philippines after nine years in business. In a press release on their website announcing the closure, they explained: “The decision follows significant financial losses sustained over the past years, despite […]
01/26/2024
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By Cassie B.
Red Sea Houthi attacks will disrupt global supply chains more than any pandemic, sending prices skyrocketing
The supply chain issues that disrupted international trade during the COVID-19 pandemic will pale in comparison to the havoc the current crisis in the Red Sea will cause, experts are warning. The U.S. and U.K. are worried enough about the situation to take proactive measures against the Houthi rebels threatening trade in the crucial sea […]
01/16/2024
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By Cassie B.
Month-over-month U.S. budget deficit rose by 50% in December as financial collapse looms
The U.S. treasury has reported budget deficit information for December, and the situation is so dire that some experts believe a fiscal collapse is inevitable. As the government continues to spend an eye-watering amount of money, it should come as no surprise that total outlays were $559 billion last month, while just $429 billion was […]
01/11/2024
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By Cassie B.
Oil prices could double as Red Sea attacks continue, experts warn
Energy markets are bracing as attacks and disruptions carried out by Yemen’s Houthi rebels in the Red Sea are expected to send oil prices upward, with Goldman Sachs warning that prices could even double. The Houthis have been enacting what amounts to a blockade of shipping through the Red Sea and conducting ongoing attacks on […]
01/04/2024
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By Cassie B.
Germany’s renewable energy sector “facing the abyss” and leading to widespread economic decline
The German economy is suffering as a result of the country’s shift to renewable energies, with one paper characterizing the move as going from “a boom to crisis.” When inflation and interest rates were lower, the renewable energy industry in Germany may have been booming, but raw materials are becoming more difficult to secure and […]
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