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T.H.E.M.
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US facing severe economic downturn (i.e. an economic collapse): Federal Reserve chairman
US Federal Reserve Chair Jerome Powell (R) speaks on the CBS program “60 Minutes” on May 17, 2020. The US is facing a severe economic downturn amid the global pandemic,…
Fed Warns of Significant Hit to Asset Prices If Crisis Grows
Jesse Hamilton and Rich MillerBloomberg (Bloomberg) — The Federal Reserve issued a stark warning Friday that stock and other asset prices could suffer significant declines should the coronavirus pandemic deepen,…
Did the Fed Just Knowingly Trigger a Housing Market Crisis?
The Federal Reserve bought a record amount of mortgage-backed securities last week despite nearly crashing the housing market in March.W. E. Messamore The Fed bought a record amount of mortgage-backed…
US department store JCPenney files for bankruptcy, but the economy is in good shape…yeah right!
AFP JCPenney will close some stores in phases as part of its restructuring (AFP Photo/JUSTIN SULLIVAN) New York (AFP) – US department store JCPenney, which has not turned a profit…
The U.S. Is Caught In An Economic Death Spiral, And One Group Is Being Hit Particularly Hard…
Michael Snyder Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis…
You May Not Understand This Now, But You Need To Get Prepared For The Food Shortages That Are Coming
by Michael Snyder I was going to write about something completely different today, but I felt that I needed to issue this warning instead. Even before COVID-19 came along, crazy global…
Covid-19 crisis could leave $8.8 trillion hole in global economy, Asian Development Bank warns
Get short URL FILE PHOTO © Getty Images / Colin Anderson Productions Follow RT on The coronavirus pandemic could chop nearly 10 percent off global gross domestic product (GDP), the…
The U.S. Is Caught In An Economic Death Spiral, And One Group Is Being Hit Particularly Hard…
by Michael Snyder Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis…
The second strongest economic pillar in the Western/white financial world order takes a hit as Germany falls into recession with economy in worst plunge since global financial crisis
Germany in recession with economy in worst plunge since global financial crisis Germany’s economy shrank by 2.2 percent in the first quarter compared to the final three months of 2019, preliminary…
Video: Coronavirus: Economic and Social Collapse: Mass Unemployment, Bankruptcy, Poverty and Despair
By Prof Michel Chossudovsky Global Research First published on April 16, 2020 There is a serious health crisis which must be duly resolved. But there is another important dimension which has to…
36.5 Million Americans JOBLESS! Fed Balance Sheet Nears $7 Trillion as Debt Goes Berserk!
unemployment line, people out of work looking for a job…
US industrial output plunges 11.2% in April amid pandemic
Oil and gas production posted its largest-ever decline in the Federal Reserve’s April industrial production survey. (AFP photo) American industrial production dropped a record 11.2 percent in April, the first…
US Oil and Gas Industry Should Brace for More Bankruptcies, Analysts Warn
US Oil and Gas Industry Should Brace for More Bankruptcies, Analysts Warn The coronavirus pandemic is dragging on despite some countries easing lockdown restrictions, and oil procuders are still under immense…
States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History
by Michael Snyder Most U.S. states are seeing tax revenues completely and utterly collapse during this COVID-19 pandemic, and some are already begging the federal government for bailout money. Because if…
The Collapse Of Main Street And Local Tax Revenues Cannot Be Reversed
Authored by Charles Hugh Smith via OfTwoMinds blog, The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable. To understand the long-term consequences of…
World’s Largest Shipper Warns Of Collapsing Volumes, Dashes Hope For V-Shaped Recovery
A cargo ship prepares to berth at a port in Qingdao in China’s eastern Shandong province on May 8, 2019. – China’s exports fell more than expected in April while…
COVID-19 Has Triggered a Global Financial Crisis and Called Into Question the US Dollar’s Hegemony – What’s Next
How Is COVID-19 Affecting the Global Economic Order? Scenarios for the Global Monetary System Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis…
What Is In Front Of Us? One Thing Is Certain, You Should Buckle Up Because We Are In For One Hell Of A Ride
Everyone wants to know what is in front of us? One thing is certain, you should buckle up because we are in for one hell of a ride. “In short,…
A 2nd wave of US virus cases will plunge the economy into a depression, Moody’s economist says
Ben Winck A second wave of coronavirus cases would quash hopes for a swift recovery and push the US into a depression, Mark Zandi, the chief economist at Moody’s Analytics, told…
A ‘much more severe’ selloff looms in the stock market, strategist warns
479 Leuthold Group warns of a deeper selloff ahead. iStockphoto The coronavirus death toll continues to rise across the U.S., as do the number of job losses, with an increasing number…
US grocery costs jump the most in 46 years, led by rising prices for meat and eggs
Thomas Franck@TOMWFRANCK POINTS The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974.The price of the meats,…
This Is How Bad Things Really Are In The Economy
On the heels of the Dow tumbling over 500 points, this is how bad things really are in the economy. Trouble For Restaurants (King World News) – Gerald Celente: Restaurant Supplier’s Performance…
British economy posts worst quarter since 2008 financial crisis & that’s before full impact of coronavirus is known
British economy posts worst quarter since 2008 financial crisis & that’s before full impact of coronavirus is known British economy posts worst quarter since 2008 financial crisis & that’s before full…
Global Economic Depression And Why Another $500 Surge In The Price Of Gold Will Surprise Investors
There is no question we are in a global economic depression, plus why another $500 surge in the price of gold will surprise investors. The Second Great Depression (King World…
