Killed By The Coronavirus Lockdowns: 1000s Of U.S. Businesses That Were Shut Down Will Be Closed Permanently
The road ahead is going to be filled with immense pain, and most Americans are not going to be able to handle it.
Tag: Economy
US Federal Reserve ‘put the world on its back’ with $2.3 TRILLION injection, chief research analyst tells Boom Bust
A Fed-fueled fiat currency collapse?
Oil market will not start to see recovery before June despite historic production cuts
“By the end of the year, prices will recover and there will be an equilibrium price level of about $60 per barrel,” says analyst
Markets Surge On Plans of US Economy Reopening
Global economy hinges on American stability
George Soros Org Commits $130M to Virus Relief: ‘What Kind of World Will Emerge from This Catastrophe?’
“The scale of this pandemic has laid bare the fault lines and injustices of our world,” George Soros, chairman of the Open Society Foundations, said in a statement.
This Is The Worst Employment Collapse In U.S. History By A Very Wide Margin
At this point, we should no longer speak of “economic collapse” as something that will happen in the future.
How to Think About the Fed Now
The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets
The US Labor Market Will Heal Faster Than the European One
The key to recovering jobs quickly and efficiently is the combination of a flexible labor market, an attractive investment framework, and solid policies to preserve the business fabric of the country
US jobless claims due to coronavirus lockdown rise above 22 million
Nearly wiping out all of the job gains since the 2008 financial crisis
US Federal Reserve props up zombie companies that should have collapsed – RT’s Keiser Report
Those companies were not innovating any more, analyst states, as they were simply selling goods so they could make their debt service
Unemployment Claims Surge Past 22 Million
5.2 million more Americans filed first-time unemployment claims last week
Small Business Bailout Fund To Run Out Of Money Today
While both Democrats and Republicans want to add $250 billion to the small-business aid program, the two parties have been sparring for days over whether to add restrictions to the funds
Government Victims and Entreprenurial Failure: Two Types of Conoranvirus Bankruptcies
The coronavirus crisis has unleashed two types of bankruptcies that are very different, have different causes, and should require different solutions
Why Americans Don’t Have Any Savings
Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system
This Isn’t Your Usual Demand-Shock Recession
This recession involves a big supply shock, which means that stimulus-fed consumption will bring capital consumption, which will ultimately lower productive capacity and standards of living