coronavirus financial crisis Archives

FDIC’s quarterly report shows Bank profits slump 70% as virus rakes businesses, households

Aug 25, 2020 | Economic Collapse

The nation’s banks weathered a tumultuous second quarter as the economy continued to feel the brunt of the coronavirus pandemic, the Federal Deposit Insurance Corp. said Tuesday. Banks reported a decline in quarterly net income decline of 70% from a year earlier to...

This Is What Economic Collapse Looks Like

Apr 3, 2020 | Economic Collapse

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. So needless to say, 6.6 million...

Coronavirus Nightmare MUCH WORSE Than They’re Telling YOU!

Feb 3, 2020 | News

KEY POINTS from the news on the virus as of today…. China says as of end of Monday there were a total of 425 deaths and 20,438 confirmed cases in the country.A man from Wuhan, China died in a hospital in Manila, Philippines on Saturday — the first death...