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US Banks On Hook For $150B In “Frozen Loans” As Millions Skip Credit Card And Car Payments

US Banks On Hook For $150B In “Frozen Loans” As Millions Skip Credit Card And Car Payments

By Tyler Durden One month ago, after the banks reported Q1 earnings, we showed that the major US money center banks saw their loan loss provisions surge by roughly 4x from year ago…

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

by Michael Snyder Initially, we were told that the coronavirus lockdowns would just “temporarily” disrupt the U.S. economy, but now it is becoming clear that a lot of the damage will…

As World Economy Burns to Coronavirus, Soros, Bezos, Buffet Make Big Bucks on Stock Market

As World Economy Burns to Coronavirus, Soros, Bezos, Buffet Make Big Bucks on Stock Market

As World Economy Burns to Coronavirus, Soros, Bezos, Buffet Make Big Bucks on Stock Market Last week, the UN predicted that the world economy would shrink by at least 3.2 percent…

US Mortgage Delinquency Sees Historic Surge as 18 Million Credit, Loan Accounts Unpaid

US Mortgage Delinquency Sees Historic Surge as 18 Million Credit, Loan Accounts Unpaid

US Mortgage Delinquency Sees Historic Surge as 18 Million Credit, Loan Accounts Unpaid Following several weeks of layoffs, business closures and other economic fallout related to the COVID-19 pandemic in the…

US weekly jobless claims climb by 2.4 million despite easing of lockdown measures

US weekly jobless claims climb by 2.4 million despite easing of lockdown measures

US weekly jobless claims climb by 2.4 million despite easing of lockdown measures Millions more Americans have filed for unemployment benefits as the pandemic continues to wreck the economy, with the…

The Truth Behind The Current TWISTED NIGHTMARE… By Gregory Mannarino

The Truth Behind The Current TWISTED NIGHTMARE… By Gregory Mannarino

It’s going to be a hard couple of years, we will be in a recession for awhile: Avenue Capital CEO

It’s going to be a hard couple of years, we will be in a recession for awhile: Avenue Capital CEO

This Is The Collapse That Is In Front Of Us

This Is The Collapse That Is In Front Of Us

As countries get ready to reopen around the world, this is the collapse that is still in front of us. The path to monetary collapse(King World News) – Alasdair Macleod:  Few mainstream…

The Long Winter: Number of people filing for unemployment insurance hits 36.4 million and unemployment rate at highest level since the Great Depression

The Long Winter: Number of people filing for unemployment insurance hits 36.4 million and unemployment rate at highest level since the Great Depression

Posted by mybudget360 The economic situation continues to deteriorate as 36.4 million Americans have now filed for unemployment insurance in the last 8 weeks. This is a daunting number that is…

The Says It All…The Crack Addict Is Charging The Public Interest On The Crack He’s Smoking: In First, UK Government Begins Selling Medium-Term Bonds at Negative Yields

The Says It All…The Crack Addict Is Charging The Public Interest On The Crack He’s Smoking: In First, UK Government Begins Selling Medium-Term Bonds at Negative Yields

This new policy is essentially a broke/bankrupt government selling government bonds, which are usually used to fund government spending while giving interest to those who would buy them helping them…

World Was Headed For Recession Before COVID-19 Lockdown, Says City of London Economist

World Was Headed For Recession Before COVID-19 Lockdown, Says City of London Economist

© CC BY-SA 4.0 / QuintusPetilliusOPINION by Mohamed Elmaazi2140 A “Marshall Plan for the Pandemic” is needed if economies are to properly rebound after The Great Lockdown, according to a long-time economist based in…

(SHocKeR).. The Wall St. MEGA BANKS WANT MORE QE! By Gregory Mannarino

(SHocKeR).. The Wall St. MEGA BANKS WANT MORE QE! By Gregory Mannarino

US economy to suffer if supply chains pulled from China: Chamber of Commerce

US economy to suffer if supply chains pulled from China: Chamber of Commerce

This file photo taken on March 31, 2020 shows China’s immigration inspection officers wearing protective suits looking at a cargo ship at a port in Qingdao in China’s eastern Shandong…

Fed Warns No Return To Normal Until 2021, Goldman Downgrades Q3 & Q4, Stocks Most Overvalued Ever

Fed Warns No Return To Normal Until 2021, Goldman Downgrades Q3 & Q4, Stocks Most Overvalued Ever

The Economic Collapse Is Real: Kohl’s department store drops eight brands including Jennifer Lopez’s line and Juicy Couture as losses mount amid coronavirus lockdowns despite 24% surge in online sales

The Economic Collapse Is Real: Kohl’s department store drops eight brands including Jennifer Lopez’s line and Juicy Couture as losses mount amid coronavirus lockdowns despite 24% surge in online sales

Kohl's department store drops eight brands including Jennifer Lopez's line and Juicy Couture as losses mount amid coronavirus lockdowns despite 24% surge in online sales Jennifer Lopez, Juicy Couture and Popsugar…

Wow! We Are Now Entering A New Phase: “BEYOND BEYOND.” Mannarino

Wow! We Are Now Entering A New Phase: “BEYOND BEYOND.” Mannarino

A real time collapse in motion: Pier 1 Imports to close all 540 stores after 58 years

By Lisa Fickenscher Scott Olson/Getty Images MORE ON: RETAILERS JCPenney to permanently close 242 stores amid bankruptcy JCPenney files for bankruptcy protection amid coronavirus woes JCPenney’s stock soars after it makes…

Britain suffers BIGGEST surge in unemployment claims SINCE RECORDS BEGAN, as UK minister insists country can cope

Britain suffers BIGGEST surge in unemployment claims SINCE RECORDS BEGAN, as UK minister insists country can cope

Get short URL A man walks past a job centre as the spread of the coronavirus disease (COVID-19) continues © REUTERS / Peter Cziborra Follow RT on Britain can cope…

Between Satan & Jamie Dimon: RT’s Keiser Report unravels US economic puzzle

Between Satan & Jamie Dimon: RT’s Keiser Report unravels US economic puzzle

Get short URL © Getty Images / matthiashaas Follow RT on There is a popular Chinese finger trap (also known as the Chinese finger puzzle) that children often fail to solve, because…

Wall Street underestimating ‘tsunami’ hitting the economy and supply chains, says Robert Nardelli

Wall Street underestimating ‘tsunami’ hitting the economy and supply chains, says Robert Nardelli

More Than 4 Million US Homeowners Skipping Mortgage Payments

More Than 4 Million US Homeowners Skipping Mortgage Payments

More Than 4 Million US Homeowners Skipping Mortgage Payments New data from the Mortgage Bankers Associations (MBA) reveals that while some 4.1 million American homeowners remain enrolled in forbearance plans, the…

ECONOMIC CONDITION CRITICAL, MISSED RENT PAYMENTS SURGE, DEBT NEW NORMAL, FINANCIAL CRISIS 2020

ECONOMIC CONDITION CRITICAL, MISSED RENT PAYMENTS SURGE, DEBT NEW NORMAL, FINANCIAL CRISIS 2020

Forget The Propaganda, Look At This Carnage

Forget The Propaganda, Look At This Carnage

Many people around the world are trying to figure out what is really happening. Forget the propaganda and look at this carnage. Look At This Carnage (King World News) – Jeff…

We’re in the first depression of our lifetimes: Eurasia Group’s Bremmer

We’re in the first depression of our lifetimes: Eurasia Group’s Bremmer

Alibaba, Walmart and Target are about to show retailers’ view of the pandemic

Alibaba, Walmart and Target are about to show retailers’ view of the pandemic

By Emily Bary Earnings Watch: Walmart and Target will show early effect of pandemic on U.S. retail, but don’t expect forecasts Walmart Inc. will report earnings Tuesday morning, one of two…

Trying To Kiss Up To Western Governments & This Is All It Got You: Goldman Sees Worst India Recession With 45% Second Quarter Slump

Trying To Kiss Up To Western Governments & This Is All It Got You: Goldman Sees Worst India Recession With 45% Second Quarter Slump

By Malcolm Scott Goldman Sachs expects India will experience its deepest recession ever after a poor run of data underscored the damaging economic impact of lockdowns in the world’s second-most populous…

None of their institutions are sound…Fed says around 600 smaller banks tapped PPP facility in its first days

None of their institutions are sound…Fed says around 600 smaller banks tapped PPP facility in its first days

WASHINGTON (Reuters) – Around 600 banks, most of them small community institutions, tapped the Federal Reserve’s Paycheck Protection Program facility for about $30 billion of loans as of May 6,…

China To Australia…You wanna play geopolitical games along side the US, then take that, take that: China imposes 80% tariff on Australian barley for next five years which is expected to wipe out Australian sales into the lucrative market

China To Australia…You wanna play geopolitical games along side the US, then take that, take that:  China imposes 80% tariff on Australian barley for next five years which is expected to wipe out Australian sales into the lucrative market

China imposes 80pc tariff on Australian barley for next five years amid global push for coronavirus investigation By political reporter Dan Conifer Farmers in Western Australia reduced their barley planting plans…

Man Who Predicted The Global Collapse Just Warned These 8 Sectors Will Be Devastated As Global Carnage Intensifies

Man Who Predicted The Global Collapse Just Warned These 8 Sectors Will Be Devastated As Global Carnage Intensifies

Today the man who predicted the global collapse just warned these 8 sectors will be devastated as global carnage intensifies. A Whole World Living A Lie (King World News) – Egon…

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

by Michael Snyder 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…