The Explosion Of Bankruptcies & Layoffs In The US Is Unlike Anything We’ve Ever Seen Before
The U.S. economy was supposed to be turning a corner by now, but instead it looks like we are headed for an exceedingly painful winter. All over the country, big companies are laying off thousands of workers, and in some cases the numbers are even larger than that. ...
The US Economy And The Global Economy Are Mortally Wounded
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into the closing...
Job Losses, Bankruptcies & Store Closings At Apocalyptic Levels: US Economic Collapse Rolls On
Here is what an economic collapse looks like, and it is just getting started… The last four months have been an unending nightmare for the U.S. economy. Businesses are shutting down at a pace that we have never seen before in American history, the “retail...
Coronavirus Economic Collapse Is Here: U.S. Unemployment Rate To Hit 20 Percent Or More
18 percent of U.S. households have already lost income because of this pandemic, but we are still only in the very early stages of this crisis… As communities all over America shut down in order to help prevent the spread of the coronavirus, job losses are already...
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