Tag Archives: Debt

Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate

By Michael Snyder Source: Economic Collapse Blog Those that have been hoping for some sort of a “V-shaped recovery” have had their hopes completely dashed.  U.S. workers continue to lose jobs at a staggering rate, and economic activity continues to … Continue reading

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Re-Opening the Economy Won’t Fix What’s Broken

By Charles Hugh Smith Source: Of Two Minds Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken. The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the … Continue reading

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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008

By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading

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There’s No Going Back, We Can Only Go Forward

By Charles Hugh Smith Source: Of Two Minds What I see is a global collapse of intangible capital that is invisible to most people. It’s only natural that the conventional expectation is a return to the pre-pandemic world is just … Continue reading

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A Debt Jubilee Is the Only Way to Avoid a Depression

By Michael Hudson Source: The Unz Review Even before the coronavirus appeared, many American families were falling behind on student loans, auto loans, credit card balances and other payments. America’s debt overhead was pricing its labor and industry out of … Continue reading

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America’s Despair

By Vladimir Odintsov Source: New Eastern Outlook More and more people in the United States are feeling let down by American capitalism, and the population is being plunged into depression. This was the alarming conclusion reached by two researchers from … Continue reading

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Economic effect of coronavirus could be revolutionary

By Paul Craig Roberts Source: Intrepid Report Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Coronavirus will teach us that a … Continue reading

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The Covid-19 Dominoes Fall: The World Is Insolvent

By Charles Hugh Smith Source: Of Two Minds Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead … Continue reading

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