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World Economy Preparing for Collapse
World Economy Preparing for Collapse The world has changed dramatically in the course of this orchestrated and intended collapse of the global economy in order to launch this Great Reset. In the course of several months, we have watched a deliberate economic disaster under the pretense of this coronavirus pandemic. While the main objective of […]
Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate
Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate Those that have been hoping for some sort of a “V-shaped recovery” have had their hopes completely dashed. U.S. workers continue to lose jobs at a staggering rate, and economic activity continues to remain at deeply suppressed levels […]
No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse.
No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse. 2020 has been quite a year so far. It has been one nightmare after another, and yet the economic optimists continue to insist that economic activity will soon snap back to normal levels somehow. So the […]
Most U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control?
Most U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control? This wasn’t supposed to happen. Once states started to “reopen” their economies, the tsunami of unemployment was supposed to end. But instead, we continue to see Americans lose jobs at a pace that is far beyond anything we […]
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression The last recession was really, really bad, but it was never like this. It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression. This is already the worst economic downturn that […]
Federal Government Buys Riot Gear, Increases Security Funding, Citing Coronavirus Pandemic
Officers wearing riot gear line the edge of the California state capitol grounds after removing protesters on May 1, 2020. Photo: Carolyn Cole/Los Angeles Times/Getty Images FEDERAL GOVERNMENT BUYS RIOT GEAR, INCREASES SECURITY FUNDING, CITING CORONAVIRUS PANDEMIC THE FEDERAL government has ramped up security and police-related spending in response to the coronavirus pandemic, including issuing contracts for […]
Petrobras Expects Permanent Damage to Oil Demand as It Writes Off Billions In As
Petrobras Expects Permanent Damage to Oil Demand as It Writes Off Billions In As Petrobras has warned its shareholders that the coronavirus pandemic could leave a permanent mark on the global economy, including on consumer behaviors, as it reported a first-quarter loss and massive writeoffs on assets that have stopped being economical. The company booked a $9.7 […]
6 of the Most Sustainable Meat Alternatives
6 of the Most Sustainable Meat Alternatives After the coronavirus spread through a number of slaughterhouses in Germany and the United States, some people might be asking themselves how they can replace meat in their diets. Perhaps they’re worried that meat production could collapse if facilities are in lockdown. Or maybe ethical reasons are their main concern. […]
In the wake of the COVID-19 crisis, Europe must prepare for life after oil
In the wake of the COVID-19 crisis, Europe must prepare for life after oil For the first time in history, in the wake of the corona crisis, US oil prices have gone negative thanks to record lows in global oil demand. This pandemic has revealed deep-seated structural vulnerabilities in our fossil fuel-dependent economy. The most […]
Don’t Bet on a Vaccine
Don’t Bet on a Vaccine If we get one, great. But here’s why we can’t count on it and what that means. Every day politicians promise eventual relief from the threat of COVID-19 with a vaccine. An unprecedented scientific race to develop more than 100 of them is now underway. But don’t roll up your […]
Job Loss Disaster Slams Low-Wage, Young Workers
Job Loss Disaster Slams Low-Wage, Young Workers April numbers show three million lost jobs, while another 2.5 million people had their hours cut in half. We thought the March jobless numbers were bad, but it is almost a good news story compared to what we saw Friday in the April figures. The unprecedented closure of major sections […]
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, […]
Amid the Coronavirus Pandemic, America’s Billionaires Thrive and Prosper
Amid the Coronavirus Pandemic, America’s Billionaires Thrive and Prosper Although most Americans currently face hard times, with unemployment surging to the levels of the Great Depression and enormous numbers of people sick or dying from the coronavirus pandemic, the nation’s super-rich remain a notable exception. Financially, they are doing remarkably well. According to the Institute for Policy Studies, between […]
We Are Witnessing Economic Carnage Like We Have Never Seen Before, And The Economy Is Going To Continue To Bleed Jobs
We Are Witnessing Economic Carnage Like We Have Never Seen Before, And The Economy Is Going To Continue To Bleed Jobs Now we are up to 33.5 million jobs lost. In just 7 weeks, the U.S. economy has been completely turned upside down, and the numbers are unlike anything that we have ever seen before. […]
