Tag Archives: unemployment

The Economy Continues To Unravel Despite All Stimulus Measures

By Brandon Smith Source: Alt-Market.com 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 … Continue reading

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Global billionaire wealth tops $10 trillion as COVID-19 deaths mount

By Jacob Crosse Source: WSWS.org The collective wealth of the world’s 2,189 billionaires has risen to $10.2 trillion, an increase of nearly $1.3 trillion in the past three years, according to a new report by the Swiss bank UBS and … Continue reading

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The Pandemic Is Accelerating Trends That Are Disrupting the Foundations of the Economy

By Charles Hugh Smith Source: Of Two Minds The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses. Fundamentally, the economy of 2019 … Continue reading

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Stories Of Economic Despair From America’s Worst Economic Downturn Since The Great Depression Of The 1930s

By Michael Snyder Source: End of the American Dream The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession.  U.S. GDP declined by 32.9 percent on an annualized basis … Continue reading

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This Is a Financial Extinction Event

By Charles Hugh Smith Source: Of Two Minds The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed. Though under pressure from climate change, the dinosaurs were still dominant … Continue reading

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The Free Market Is A Failure

By TheHipcrimeVocab Sorry for the deliberately click-bait-y headline, but I think this message is important to get out there. In my discussions few months back on What is Neoliberalism, I noted that a core element of neoliberal philosophy is that markets are … Continue reading

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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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Mass Distraction And Fake “V-Shaped” Recovery Provide Cover For The Fed Induced Crash

By Brandon Smith Source: Alt-Market.com This article, originally titled ‘The Fed Just Got Cover For The Collapse Of The US Economy’, was written by Brandon Smith and first published at Birch Gold Group The scapegoating has already started. In almost every … Continue reading

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