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Tag Archives: Unemployment
Rabobank: Stocks Go Up As Everything Is Going Down In Flames
Rabobank: Stocks Go Up As Everything Is Going Down In Flames It’s All Going to the Dogs (and Goats) Friday’s April US payrolls report showed 20.5 million jobs lost when in an ordinary downturn 200,000 might be considered bad; the drop in March alone was larger than that seen during the worst of the global financial […]
GDP Now Q2 Estimate At -34.90 Percent, So What Now?
GDP Now Q2 Estimate At -34.90 Percent, So What Now? Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, […]
U.S. Depression? The V-Shaped Recovery Fades Away
U.S. Depression? The V-Shaped Recovery Fades Away The recent jobless claims figures show how difficult it will be for the U.S. recovery to be as quick and strong as initially expected. 7.7 million jobs were lost in Hospitality and Leisure in April, 2.5 million in Education and Health, with 2 million in Retail and another 2 million […]
As Unemployment Claims Rise, So Do Missed Mortgage Payments
As Unemployment Claims Rise, So Do Missed Mortgage Payments Over 22 million people have filed for unemployment benefits in the past 4 weeks. Many struggle with payments. Black Knight reports More than 2.9 Million in Forbearance, 5.5% of All Mortgages Key Details As of April 16, more than 2.9 million homeowners – or 5.5% of all […]
“Worst. Recession. Ever.”
“Worst. Recession. Ever.” When Harry Met Comic-Book-Guy “Worst global downturn since the Great Depression” says the IMF. Actually, it’s potentially worse than that.We are seeing credible (initial) claims in the UK and US that millions/tens of millions are going to be unemployed – again taking us back to black & white memories of long queues of […]
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping? As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created dollars in a desperate attempt […]
America’s New Breadlines Are Growing…
America’s New Breadlines Are Growing… Over the past month, the American economy has collapsed into a depression, with the most significant unemployment spike in history. Millions of people have just lost their jobs, and as we’ve been documenting, food bank networks across the country are becoming overwhelmed. We recently said that some food banks had seen an eightfold […]
Stockman: This Is Not Your Grandfather’s Recession…
Stockman: This Is Not Your Grandfather’s Recession… Based on the shocking 6.6 million of new unemployment claims, we’d bet they’ll be some explosive political fireworks soon in this country about Covid-containment versus keeping the main street economy alive. There have now been an unprecedented, off-the charts 9.96 million new unemployment claims in the last two […]
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market” The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic. As you will see below, it is being estimated that unemployment in […]
“All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads
“All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads The COVID-19 pandemic and lockdowns across the African continent could trigger an economic collapse, according to one United Nations (UN) official, who spoke with Associated Press (AP). Ahunna Eziakonwa, the UN Development Program regional director for Africa, warned that the pandemic would likely result in […]
March Jobs Disaster: 701,000 Jobs Lost, Unemplyment Rate Soars Most In 45 Years As US Slides Into Depression
March Jobs Disaster: 701,000 Jobs Lost, Unemplyment Rate Soars Most In 45 Years As US Slides Into Depression Just like that the 113 record straight months of employment growth is over with a bang. While today’s payrolls report was expected to be not quite as terrible as the recent initial claims suggested, especially since the […]
It’s Only a Matter of Time Until COVID-19 Lockdowns Lead to Civil Unrest and Violent Crime
It’s Only a Matter of Time Until COVID-19 Lockdowns Lead to Civil Unrest and Violent Crime (March 31, 2020) The United States of America is basically closed for business, leaving citizens jobless, broke, and without options. We’re facing restrictions on movement the likes of which our nation has never seen. The stores that are open […]
Pandemic-Related Unemployment and Shutdowns Are a Recipe for Social Unrest
Pandemic-Related Unemployment and Shutdowns Are a Recipe for Social Unrest That’s a huge concern as forecasters expect the U.S. unemployment rate in the months to come to surpass that seen during the depths of the Great Depression. Could the stalled economy we’ve inflicted on ourselves in our frantic efforts to battle the COVID-19 pandemic lead […]
The Covid-19 Economic Crisis Will Change Everything: Short Term and Long Term Effects
The Covid-19 Economic Crisis Will Change Everything: Short Term and Long Term Effects Whether you think the global pandemic is “just the flu” or you realize it’s the real deal, one thing is difficult to debate – many Americans are already feeling the economic pain being caused by the outbreak and the measures taken to […]
No One Gets Out Of Here Alive
NO ONE GETS OUT OF HERE ALIVE “The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to […]
