How Bank Losses Leads To Bank Runs & Bail-Ins

How Bank Losses Leads To Bank Runs & Bail-Ins

The U.S. banking industry’s second-quarter profits fell by 70% from a year ago as low interest rates and the economic turmoil which started with the repo-madness in September 2019 intensifies. The pandemic excuse is starting to weigh heavily on big and small banks...
Nearly Half the U.S. Population is Without a JOB

Nearly Half the U.S. Population is Without a JOB

The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless. As the induced shutdown tore through the labor market, the share of population employed...