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…
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 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 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 Millions more Americans have filed for unemployment benefits as the pandemic continues to wreck the economy, with the…
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…
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…
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…
© 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 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…
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…
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…