The infamous 1929 crash of the U.S. stock market heralded the economic meltdown that became known as the Great Depression. The turmoil of the Great Depression lasted 10 years, etching its place in history as the worst economic slump ever in the industrialized world. About half of the banks in the U.S. collapsed. Millions of…
This week 48 years ago, President Nixon brought an end to the gold standard in the U.S., severing the dollar’s convertibility to gold in 1971. Many argue this action has led to irreparable consequences that continue to impact the economy today, including our dollar’s dramatic decline since then. But what led to this shocking move?…
Brexit continues to leave investors everywhere nervous. If a withdrawal agreement can’t be reached before Britain is due to leave the EU on March 29, then a “no deal” Brexit could spell tremendous chaos for not just the UK—but for the global economy at large. Learn more in today’s edition of USMR Market Insights with…
The mainstream media has been using the word “recession” on a more frequent basis. When we start seeing that, we know that they’re starting to prepare. Today, the stock market, from being overvalued, sits at a level that exceeds the Great Depression. The Early Signs of Economic Downturn | USMR Market Insights Coy Wells: …
