KK · @KK0000000000
123 followers · 4375 posts · Server mastodon.social

Inefficient, corrupt, anti-India BJP government will now shout more on rhetoric, jingoism!
India GDP Live: India's Q2 GDP data contracts by 7.5% after record slump in last quarter timesofindia.indiatimes.com/bu

#EconomicRecession #economicDepression

Last updated 5 years ago

KK · @KK0000000000
123 followers · 4375 posts · Server mastodon.social

War propaganda or the world is desperate for another war to bring itself out of ? editor@globaltimes.com.cn

Chinese forces prepare for possible military invasion of Taiwan m.hindustantimes.com/world-new

#economicDepression

Last updated 5 years ago

KK · @KK0000000000
123 followers · 4375 posts · Server mastodon.social
KK · @KK0000000000
123 followers · 4375 posts · Server mastodon.social

With addition to and !
Are we brave or dim witted people to accept whatever we have?

Coronavirus India live updates: India registers 30,44,941 cases so far, 69,239 fresh cases and 912 deaths in the last 24 hours timesofindia.indiatimes.com/in

#economicDepression #fascism

Last updated 5 years ago

KK · @KK0000000000
123 followers · 4375 posts · Server mastodon.social

"What's good for Wall Street is bad for Main Street".
How true! Share market is gamble & no indication of economic growth, especially industrial & agricultural growth!
Is the world's economy heading towards a decade of depression? @AJEnglish aje.io/9pgy6

#economicDepression

Last updated 5 years ago

☆joene☆ · @joenepraat
1246 followers · 20296 posts · Server todon.nl

Jerome Roos / Tribune: *The Coming Debt Deluge*

"As coronavirus leads to lockdowns across the world, capitalism will be forced to face its Achilles heel: the vast mountain of global debt."

tribunemag.co.uk/2020/03/the-c

"As the coronavirus pandemic spreads violently across the globe, threatening to unleash a humanitarian catastrophe in its wake, the world suddenly finds itself in the midst of an unprecedented economic experiment: what happens when you force a virtual shutdown of productive and commercial activity in a global economy already blighted by years of anaemic growth and record levels of indebtedness?

According to the Institute of International Finance, total debt reached $253 trillion in late 2019, or the equivalent of 322% of global GDP – the highest it has ever been. Now that large parts of Europe and North America are following China in imposing far-reaching lockdowns, …"

#economicDepression #anticapitalism #capitalism #economy #COVID19 #coronavirus #CoronaCrisis

Last updated 6 years ago