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T.H.E.M.
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Unemployment was supposed to be temporary. Now, it’s permanent for almost 4 million
Greg Iacurci@GREGIACURCIKEY POINTS Nearly 13 million Americans were unemployed in September. That’s about 7 million more workers than pre-pandemic levels.The early part of the recession was characterized by temporary layoffs,…
The Global Economic Onslaught continues as Eurozone economy to collapse 8.3% in 2020: IMF
A pedestrian wearing a face mask or covering due to the COVID-19 pandemic, walks past shops in Liverpool, north west England on October 12, 2020, as new local lockdown measures…
More than half of all Americans “plan to stockpile food and other essentials” for the chaotic months ahead
by Michael Snyder There was a time when preppers were relentlessly mocked, but nobody is laughing now. Today, most Americans are thinking about stockpiling food, and this massive shift in our…
Both Daughters Of ‘Babylon’ Are Hurting As The UK’s Economy Mirror’s America’s Horrors….No Confidence: UK Economy Braces for Massive Economic Slowdown Amid Spike in COVID-19 Cases – Report
by Demond Cureton The world’s 5th-largest economy is set for major setbacks as it struggles to tackle the ongoing pandemic amid shortfalls in the Government’s furlough scheme and looming Brexit impasse.…
Breaking News: Texas trucking company closes its doors, sources say
Trinity Logistics Group had 102 drivers and 150 power units Clarissa Hawes, Senior Editor, Investigations and Enterprise Drivers for Dallas-based Trinity Logistics Group were told of the closure in a…
US box office may plunge over 80% this year as Covid-19 forces Hollywood to push back blockbuster releases
Get short URL FILE PHOTO: The New Beverly Cinema, Los Angeles, California, the US © Reuters / Lucy Nicholson Follow RT onThe uncertainty triggered by the coronavirus crisis that has…
Markets Not Pricing in Panic – Axel Merk
By Greg Hunter USAWatchdog.com (Saturday Night Post) Money manager Axel Merk manages about $1 billion in assets. Surprisingly, the signals he is getting from the markets are relatively calm despite the political…
Debt More Than $27 Trillion, Bigger than The Economies of China, Japan, Germany and India Combined
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US cash infusions led to the rise of zombie companies – RT’s Keiser Report
Get short URL © Getty Images / John Lund Follow RT onAs the US government pumped trillions of dollars into the economy in an attempt to mitigate the impact of…
Sounds like an economic collapse to me….The US debt is now projected to be larger than the US economy
By Jeanne Sahadi, CNN Business As the United States continues its struggle with the pandemic-induced economic recession and a sputtering recovery, the country’s burgeoning debt is not anyone’s top concern these days. Even…
Billionaire ‘Bond King’ Jeff Gundlach says stocks will crash, predicts a weaker dollar, and questions bitcoin in a new interview. Here are the 10 best quotes.
Theron Mohamed 2011 Jeffrey Gundlach co-founder and Chief Executive Officer and Chief Investment Officer of DoubleLine speaks at the 16th annual Sohn Investment Conference in New York May 25, 2011.REUTERS/Jessica…
A second wave of layoffs looms as coronavirus stimulus talks stall: CNBC After Hours
Arielle BergerJordan Smith@JORDANCNBCMacKenzie Sigalos@KENZIESIGALOS CNBC.com’s MacKenzie Sigalos brings you the top business news headlines. On today’s show, CNBC’s Seema Mody breaks down corporate America’s massive wave of layoffs, and explains…
Michael Oliver – 2021 Is Going To Be A Wild Year And Gold Is Going To Go Parabolic
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News that 2021 is going to be a wild…
Michael Oliver – BUCKLE UP: A US Dollar Crash Is Going To Send Gold Skyrocketing
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News that a US dollar crash is going to…
As job losses continue, doubts are rising about unemployment data
Dion Rabouin, author of Markets Data: U.S. Department of Labor; Chart: Andrew Witherspoon/Axios More than 25.5 million people were collecting unemployment benefits as of mid-September, and nearly 1.3 million people filed first-time jobless…
US Federal Debt Will ‘Soon Be Larger Than Any Time in History’, American Budget Watchdog Claims
© CC0US by Oleg Burunov18382 Last month, a US Congressional Budget Office report revealed that the country’s federal debt is expected to stand at 98% of America’s GDP by the end of…
Goodbye, Ruby Tuesday: Favorite restaurant chain files for bankruptcy and will close 185 locations after being crippled by the pandemic
Ruby Tuesday, which was founded in 1972, is filing for bankruptcy protection Said that its restaurants will remain open throughout the bankruptcy process Casual chain based in Tennessee said it will close 185 locations…
Another 840,000 Americans filed for unemployment benefits last week
The pace of America’s jobs recovery continues to slow. Another 840,000 workers filed for initial unemployment benefits last week on a seasonally adjusted basis, the Department of Labor reported Thursday. That was down…
US estimated fiscal deficit to hit post-WWII highest
The US fiscal deficit hit post-World War II highest to reach 3.13 trillion US dollars in the fiscal year 2020, which ended on September 30, according to the US Congressional…
Drug addicts on Wall Street can’t hold out for another four weeks without going into stimulus withdrawal – Peter Schiff
Get short URL © Global Look Press / Bryan Smith Follow RT onUS President Donald Trump has unilaterally abandoned stimulus talks until after the election, promising to pass “a major Stimulus Bill”…