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T.H.E.M.
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Party like it’s 1929! Buying into bankrupt companies is insane. It’s dot-com bubble x 10mn, and it’s doomed to fail
Get short URL A police officer keeps watch in front of the U.S. Federal Reserve in Washington. © Reuters / Kevin Lamarque Follow RT onThe US Federal Reserve does not…
As The Stock Market Soars, The Numbers Say That The Real Economy Is In The Midst Of A Historic Crash
by Michael Snyder Have you been watching the madness that has been unfolding on Wall Street? Even though we are in the middle of the worst global pandemic in 100 years,…
The US economy is officially in recession…Hell, Black America knew this years ago because our wallets told us
Brian Cheung Reporter Yahoo Finance The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest…
Guess What? The May jobs report had ‘misclassification error’ lies that made the unemployment rate look better than it is.
By Heather Long, The Washington Post “Information Clearing House” – When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom…
Amid Small Business Carnage, Fed Expands Eligibility Of Main Street Lending Program
With stocks recovering all 2020 losses, one would think that the economy is firing on all cylinders. Unfortunately, based on the message just sent out by the Fed, nothing could…
Sizing The Commercial Real Estate Bust
Submitted by Chris Whalen of The Institutional Risk Analyst “You pass the Helmsley Palace, the shell of old New York transparently veiling the hideous erection of a real estate baron…”Jay…
ECONOMY Wall Street’s latest surge isn’t benefiting many Americans
Elizabeth Schulze@ESCHULZE Why the stock market is up with 42 million people out of workKEY POINTS U.S. stock markets surged on Friday after data showed the economy added an unexpected…
Left out: More workers now losing hope of getting back jobs
By ALEXANDRA OLSON AND MAE ANDERSON Left out: More workers now losing hope of getting back jobs By ALEXANDRA OLSON AND MAE ANDERSON 1 of 7In this Friday, June 5,…
The Majority Of Working Aged Americans Are Not Working, Not In Labor Force Reaches Record Level
unemployment line, people out of work looking for a job…
The Cracks In The Financial System Are Getting Bigger… Here’s What It Could Mean For Gold
Via InternationalMan.com, In the over 30 years I’ve known him, my respect—and liking—for Frank Giustra has only grown. Not just because he’s a world-class businessman, having built Yorkton Securities into…
Permanent Layoffs, Permanent Store Closures. Economy Will NEVER Be the Same
A man looks at signs of a closed store due to COVID-19 in Niles, Ill., Thursday, May 21, 2020. More than 2.4 million people applied for U.S. unemployment benefits last…
Just As You Did To Break Mugabe’s Govt. For His Nation’s Independent Course, Your Troubles Now Return To You…Federal Reserve Now Zimbabwe – John Williams
(Sunday Release) While the country was distracted with the Covid-19 lockdown and economic crisis, the Federal Reserve made a huge banking requirement change never before done in history. The Fed…
The Economic Slaughter Continues…JCPenney Announces It’s Permanently Closing These 154 Stores
Isabel Garcia Delish Photo credit: ANDREW CABALLERO-REYNOLDS – Getty Images From Delish Near the end of May, JCPenney filed for Chapter 11 bankruptcy, announcing that it would permanently close about 30…
They Know That It’s Coming: Yes, Another Stock Market Crash Is Coming: How to Be Ready
Jason Hall, The Motley Fool (Motley Fool) Yes, Another Stock Market Crash Is Coming: How to Be Ready If all you had to judge the state of the economy was…
Wall Street underestimating ‘tsunami’ hitting the economy and supply chains: Former Home Depot CEO
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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…
Avalanche of bankruptcies threatens to PERMANENTLY wipe out more US jobs – ex-Fed insider tells Boom Bust
Avalanche of bankruptcies threatens to PERMANENTLY wipe out more US jobs – ex-Fed insider tells Boom Bust While the US unemployment rate slightly dropped from April’s high, it might be too…
The U.S. Economy Is Down By 50% – Where Are the Job Programs It Needs?
By Moon Of Aalabama June 05, 2020 “Information Clearing House” – The U.S. has a service economy. Some 70% of its gross domestic product is generated by personal consumption. The…
US Business Bankruptcies Spiked by 48% in May Due to COVID-19 Pandemic(yeah right…It was really due to massive debts & low customer rates)
A new report by the Wall Street Journal citing legal services firm Epiq Global reveals that in the month of May alone, 722 businesses across the US filed for Chapter…
‘Amazon wouldn’t be nearly as large’ if US was a real economy – Peter Schiff responds to Elon Musk’s call to break up monopolies
‘Amazon wouldn't be nearly as large’ if US was a real economy – Peter Schiff responds to Elon Musk's call to break up monopolies ‘Amazon wouldn't be nearly as large’ if…
Post-lockdown job recovery numbers are cooked, but not for the reason Paul Krugman & the never-Trumpers believe
It might be a while before we see these again © Reuters / Brian Snyder Follow RT onThe Trump administration has hailed new US jobs numbers showing a dip in…
The Price Of Half The World’s Staple Food Is Up 70% In 2020
by Tyler Durden First the good news: after soaring to record highs one month ago due to widespread shutdowns of meat processing plants and supply chain impairments, wholesale beef prices have…
And you want me to believe that this type of governance is sustainable…US trade deficit widens as exports hit 10-year low
In this AFP file photo taken on March 26, 2020, containers are stacked at the Port of Los Angeles. The US trade deficit surged in April as the COVID-19 pandemic…
With US economy dead since 2008, only thing left for Fed is to print trillions of dollars in debt – Keiser Report
With US economy dead since 2008, only thing left for Fed is to print trillions of dollars in debt – Keiser Report The US Federal Reserve’s balance sheet could skyrocket to…
US unemployment rate could reach 20%, with nearly 43 MILLION Americans out of work
US unemployment rate could reach 20%, with nearly 43 MILLION Americans out of work The US Labor Department released its weekly jobless claims report on Thursday, showing that another 1.877 million…
The entire economic system of the Western world is in decline….ECB chief: Eurozone economy in for unprecedented contraction this year
Storekeepers asking for the reopening of shops and commercial activities gather for a protest on Rialto Bridge in Venice on May 4, 2020. (Photo by AFP) The European Central Bank chief says…
FROM QE TO ETERNITY: A World Engulfed In Chaos
As the world continues to be engulfed in chaos, we are headed “From QE to Eternity.” From QE to Eternity June 3 (King World News) – Jeff Snider at Alhambra…