Posts filed under: Economic Collapse

It’s the first day that America’s small businesses can apply for the SBA’s Paycheck Protection Program, i.e., the $350BN program that is part of the bigger $2 trillion bailout package designed to provide small businesses access to capital for payroll and...
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Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks.  To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000. ...
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It’s been an historic week for the U.S. with president Donald Trump signing a record $2.2 trillion coronavirus-induced emergency stimulus package....
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Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate....
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The Fed’s ongoing attempt to inject a record amount of liquidity into the financial system: on Friday morning, the Fed held a $500 billion term repo operation and nobody showed up....
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There are only two ways to survive a decline in income and net worth: slash expenses or default on debt......
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For 2020, pension investment losses could be nearing $1 trillion, according to Moody’s analyst Thomas Aaron. He said this year’s losses will significantly compound the underfunded liabilities currently measured by most public pension funds....
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In a matter of weeks, bond investors have seen some of their firmest market convictions swept away in a massive confluence of government stimulus and central bank intervention. Now, they’re being forced to rework their strategies for a new era....
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