A Massive Surge Of Unemployment Like America Has Never Seen Before
Michael Snyder | The pace at which Americans are losing their jobs is absolutely breathtaking.
Tag: Money Watch
Disaster Looms As Millions Of Americans Set To Lose Employer-Sponsored Health Insurance
Zero Hedge | Millions of Americans stand to lose their employer-sponsored health insurance when they might need it the most, according to Bloomberg.
Senate passes $2 trillion coronavirus stimulus package, sending it to the House
CNBC | The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets.
‘Forget The Mattress!’ FDIC Insists Deposits Are ‘Safe And Sound’ As Fed Gears Up For $6 Trillion Bailout
Information Liberation | “The last thing you should be doing is pulling your money out of the banks now.”
‘Forget The Mattress!’ FDIC Insists Deposits Are ‘Safe And Sound’ As Fed Gears Up For $6 Trillion Bailout
Information Liberation | “The last thing you should be doing is pulling your money out of the banks now.”
Peter Schiff: COVID-19 Is Exposing The Truth About The Economy
SchiffGold.com | It wasn’t long ago that all of the pundits were telling us that the economy was strong.
“It’s Selling Like Toilet Paper”: If You Haven’t Bought Physical Gold Yet, It’s Probably Too Late
Zero Hedge | Over the past decade, one of the most fascinating observations in the world of precious metals has been the bizarre decoupling in the supply/demand dynamics and thus pricing, between paper and physical gold.
Gold Surges Most Since 2009 After Fed Unveils QEternity, Stocks & Bond Yields Tumble
Zero Hedge | The Fed unveiled its ultimate bazooka today – unlimited buying of pretty much any- and every-thing until this all calms down.
Kashkari Says Fed Has “Infinite” Amount Of Cash: “We Create It Electronically”
Zero Hedge | We’re the lender of last resort.
European markets tumble as global health crisis takes toll on economy
RT | European markets have plunged over 30 percent over the last 30 days as the coronavirus pandemic threatens to crash the global economy.
Fed will make up to $4 trillion in loans to businesses to rescue the U.S. economy, Mnuchin says
Market Watch | Treasury secretary says Fed will play key role in helping businesses hurt by coronavirus.
Will This Be “Just A Recession” Or Will It Be “The Next Great Depression”?
Michael Snyder | As America slowly but surely shuts down from coast to coast, everyone is acknowledging the fact that we are heading into a very serious economic downturn.
The Median US Stock Is Now Down 50% From Its Highs As World Loses $25 Trillion In A Month
Zero Hedge | Global stock and bond markets have seen $25 trillion of ‘paper’ wealth erased in the last month, wiping out all the gains from the Dec 2018 crash lows….
Covid-19 Could Bankrupt Most Airlines By End Of May
Zero Hedge | Sydney-based consultancy CAPA Centre for Aviation warned in a statement on Monday morning that most of the world’s airlines will be bankrupt by the end of May.
Ohio Unemployment Skyrockets By 600% After All Bars & Restaurants Shuttered
Zero Hedge | Is a global recession already beginning as the vast majority of the US and other countries’ workforce grinds to a halt while large cities begin to receive ‘shelter in place’ directives?