Most Americans believe that “the worst is behind us”, but the truth is that we are sleepwalking into an unprecedented economic nightmare.
Tax revenue declined again in June, and new jobless claims increased by more than a million for the seventeenth week in a row
Double-dip recession fears surge
Tens of millions face eviction between now & September
MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc
‘Today, we, the undersigned millionaires, ask our governments to raise taxes on people like us. Immediately. Substantially. Permanently.’
“We have never experienced anything like this before, no-one has”
What we have been witnessing over the first half of 2020 should be a major league wake up call for all of us.
Amazon has a new cure for long supermarket lines: a smart shopping cart. The cart, which Amazon unveiled on Tuesday, uses cameras, sensors and a scale to automatically detect what shoppers drop in. It keeps a tally and then charges their Amazon account when they leave the store. No cashier is needed. It’s the latest […]
Last month, the Federal Reserve warned coin disruptions were coming due to the COVID-19 pandemic and shutdown of the economy.
Purchase rate still lower than last year
The average American has no memory of the gold standard or even the stagflation of the 1970s. The collective mindset is now the classic “kick the can down the road.”
The great college bull market is over
More lockdowns are definitely not the answer, but unfortunately many of our politicians are convinced otherwise.
American consumers less willing to splurge on expensive phones