Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production) and ‘soft’ sentiment surveys (which are biased by their…
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. Now that the pandemic is over and the economy is…
More than 1.3 million Americans applied for unemployment benefits last weekThe claims are at a historically high pace that shows that many employers are still laying people off in the…
by Phoenix Capita… The Fed is preparing to pull the plug on the markets. Quietly and with little notice, the Fed balance sheet has begun shrinking. Indeed, it started in early…
The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the list of retail store closures continues to rise. …
We are undoubtedly living (in) one of the most serious economic and social and crises in modern history. In some regards, we are living history and we are unable to…
By Shawn Langlois Are we headed for another Great Depression? EVERETT COLLECTION ‘I think we’ve got a second leg down and that’s very much reminiscent of what happened in the 1930s where…
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FILE- In this Sept. 16, 2008, file photo traders work in the product options pit at the New York Mercantile Exchange in New York. Home prices had sunk, and foreclosure…
Richard Clough and Jeremy Hill (Bloomberg) — Brooks Brothers Group Inc. filed for bankruptcy, felled by the pandemic’s impact on clothing sales and its own heavy debt load. The two-century-old…
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This can’t end well, plus another all-time record. (King World News) – Gregory Daco, Chief US Economist at Oxford Economics: Not paying rent… WOW: This Can’t End Well ………More Here…
by Michael Snyder The recession of 2008 and 2009 was bad, but it was nothing like this. Even though this new economic downturn is only a few months old, we are…
Max Keiser and Stacy Herbert discuss the ‘conspiracy theory’ that capital markets are no longer free because the US Federal Reserve and other central banks control everything. Stacy says that…
QUINCY, MA – JANUARY 16: A sign outside the new Dunkin’ store in Quincy, MA is pictured on Jan. 16, 2018. The famed local chain debuted the new store with…
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A major banking crisis may start in a few weeks, silver ready to ignite, plus adults living with parent or grandparent hits all-time high! Major Banking Crisis May Start In…
By Professor Richard Wolff Professor of Economics Richard Wolff explains the dire direction our economy is headed towards as unemployment continues to skyrocket. Posted July 02, 2020…
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to get prepared because the world monetary system is…
The Covid-19 pandemic is set to cost global tourism up to $3.3 trillion if the sector, which is vital for many countries’ economies, remains halted for one year due to…
by Michael Snyder Is the U.S. economy starting to rebound from the massive downturn that the coronavirus lockdowns caused? Some new employment numbers were released on Thursday, and they were very…
The COVID-19 outbreak has presented a unique set of measurement challenges for statistical agencies. Most recently, the Bureau of Labor Statistics (BLS) reported that the U.S. unemployment rate stood at 13% in May 2020, nonseasonally adjusted.…
By Katherine Doherty NPC can keep operating while it works on turnaround plan Restaurant operator will look to sell Wendy’s franchises NPC International Inc., the largest franchisee of Pizza Hut restaurants in…