Posts tagged with: us depression

Everyone knew the second quarter of 2020 was going to be a disaster, and it was. The U.S. economy fell by 31.4% (annualized) in the second quarter....
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Hardly anyone expected that things would get this bad in 2020.  Once the pandemic hit and states all over the country started instituting lockdowns, economic activity collapsed dramatically....
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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. ...
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The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating....
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Since the pandemic lockdowns were first implemented in the US I have been more concerned with the government and central bank response than the virus itself. As I have noted in past articles, the pandemic restrictions and subsequent economic and social...
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We are supposed to believe that unemployment is only about 10 percent right now? Right. The looming eviction crisis threatens to be absolutely catastrophic…...
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A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially....
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A U or V? That is the question—whether the economic recovery from the COVID-19 shutdown will be a long, drawn-out process, a wide, flattish U” or a sharp, upward-bound one, a V....
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We have been warned that a U.S. economic collapse was inevitably coming, and now it’s here. It’s difficult to grasp just how far we’ve fallen…...
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The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed....
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