Home » Posts tagged 'united states' (Page 62)
Tag Archives: united states
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24%
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24% Minneapolis Fed president, Neel Kashkari, said that Friday’s jobs report will likely understate the real unemployment picture as it will only reflect people who are “actively looking for work”, a nearly impossible task in a time of nationwide lockdowns, and that the country […]
“Biblical” Wave Of Bankruptcies Is About To Flood The US
“Biblical” Wave Of Bankruptcies Is About To Flood The US One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman […]
China Warns Of Possible Armed Conflict With US Over Coronavirus Backlash
China Warns Of Possible Armed Conflict With US Over Coronavirus Backlash An internal report presented to Chinese President Xi Jinping and other top leaders concludes that global anti-China sentiment is at a level not seen since the 1989 Tiananmen Square crackdown, and recommends preparing for a worst-case scenario of armed conflict with the United States, according […]
Why Assets Will Crash
Why Assets Will Crash This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees. The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% […]
Massive Unemployment Surge Creates Challenge Ahead
Massive Unemployment Surge Creates Challenge Ahead Unemployment has several faces. It will be interesting to see how America handles the massive unemployment caused not so much by covid-19 but the government’s effort to hold employers responsible for the cost. When the government passed a law increasing employers’ responsibility for paying workers even when there was […]
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel It started in mid-February for jet fuel and in mid-March for gasoline. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen […]
The Wave Of Shale Well Closures Has Finally Begun
The Wave Of Shale Well Closures Has Finally Begun U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record highs in March, even after dozens of drillers laid out blueprints to limit production. But with U.S. storage […]
Beef Prices Soar To Record High As Meatpacking Plants Shutter
Beef Prices Soar To Record High As Meatpacking Plants Shutter Wholesale American beef prices jumped 6% to a record high of $330.82 per 100 pounds, a 62% increase from the lows in February, according to Bloomberg, citing new USDA data. The surge in beef prices comes at a time when the nation’s food supply chain network […]
Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War
Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry With last month having seen the indignity of […]
Chinagate is the New Russiagate
Chinagate is the New Russiagate I’ve become convinced the next major event that’ll be used to further centralize power and escalate domestic authoritarianism will center around U.S.-China tensions. We haven’t witnessed this “event” yet, but there’s a good chance it’ll occur within the next year or two. Currently, the front runner appears to be a […]
Narrative Managers Argue China-Like Internet Censorship Is Needed
Narrative Managers Argue China-Like Internet Censorship Is Needed Neoconservative publication The Atlantic has published an article authored by two university professors titled “Internet Speech Will Never Go Back to Normal”, subtitled “In the debate over freedom versus control of the global network, China was largely correct, and the U.S. was wrong.” The article is actually worth reading in full, not […]
National Guard Deployed At Nation’s Food Banks To Ensure Stability During Unprecedented Times
National Guard Deployed At Nation’s Food Banks To Ensure Stability During Unprecedented Times There is increasing evidence on social media that the National Guard has been deployed to the nation’s food banks to ensure food supply chain networks are not severed, and shortages do not materialize. This comes at a challenging period for the country, […]
Eight Meatpacking Plants Close In Weeks Across America Stoking Food Shortage Fears
Eight Meatpacking Plants Close In Weeks Across America Stoking Food Shortage Fears Update (April 23): Food shortages across the country are coming a lot quicker than anyone has anticipated. A total of eight meatpacking plants have already gone offline in weeks. On Thursday morning, we noted how pork shortages could hit households by the first week of May. […]
Mr. President: Open the Economy Now – Martin Armstrong
Mr. President: Open the Economy Now – Martin Armstrong Legendary financial and geopolitical cycle analyst Martin Armstrong says shutting down the economy is far worse that the effects of the Wuhan China virus. Armstrong says, “This is just scare mongering, and there is another agenda going on. The WHO is part of the UN, and […]
