Economy

Image for Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic

Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic

Study says 10% of global workforce likely to work remotely forever

5 hours ago By RT

Image for ‘Don’t throw money at black Americans to riot’: Candace Owens spars with Soros-funded NGO over alleged hand in Minneapolis unrest

‘Don’t throw money at black Americans to riot’: Candace Owens spars with Soros-funded NGO over alleged hand in Minneapolis unrest

“You got what you wanted in Minnesota. Your organization is a disgrace and Soros himself is absolute filth in my book.”

16 hours ago By RT

There Will Be A Lot More Rioting, Looting And Civil Unrest As The U.S. Economy Continues To Crumble

So much anger was building up all over America during the “good years”, and now this new economic depression is going to make things much, much worse

17 hours ago By Michael Snyder | Economic Collapse

America on Cusp of Self-Inflicted Economic Collapse

Staggering national debt equates to about $100,000 of debt for every American

1 day ago By Victor Davis Hanson | PJ Media

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May 28, 2020

May 28, 2020

Nobody Ever Imagined That The Job Losses Would Get This Bad So Quickly

This virus could become a “permanent crisis”, and without a doubt the elite are already trying to use it to fundamentally reshape our society

May 27, 2020

$150 Billion In PPP Funds Untapped As Small Business Demand “Just Dried Up”

"Businesses were supposed to use it to retain workers"

May 27, 2020

Over-Leveraged Zombie Companies Threaten Economic Recovery

Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt

May 27, 2020

We Are Being Told To Prepare “To See High Prices At Grocery Stores” And “It’s Likely That Shortages May Only Get Worse”

If fear of COVID-19 can cause this much chaos for our food distribution systems, what will happen once a much more severe crisis hits us?

May 26, 2020

Fed, Government Rerunning Same 2008 Financial Crisis Policies, They Won’t Get Away With it This Time

Money printing, government spending, happening on a much grander scale

May 26, 2020

The Fed Is Doing “Whatever It Takes” to Prop Up the Economy. That’s a Very Bad Thing.

There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.

May 25, 2020

Why Didn’t the 1958 and 1918 Pandemics Destroy the Economy? Hint: It’s the Lockdowns

Leaving aside the fact there's no evidence lockdowns actually work, we can nonetheless look to past pandemics

May 25, 2020

Central Banks Are Destroying What Was Left of Free Markets

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

May 25, 2020

To Prevent Problematic Inflation, We Need More Production. Which Means There’s Trouble Ahead.

Price inflation is so difficult to predict because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.

May 22, 2020

“Central Banks Have Created A Fake Market”: BofA

BofA chief asks why anyone would expect stocks to trade rationally

May 21, 2020

Why An Economy Can’t Work Without Market Prices

Prices determined in the marketplace are absolutely essential to a functioning economic system. This is no less true if today's property was redistributed unjustly in the past. Market prices today are the path to recovery

May 21, 2020

Past Pandemics Show The Lockdowns—Not the Virus—Caused Our Economic Chaos

Past experience shows that although pandemics do weaken economic growth, the current economic disaster is the result of forced "lockdowns," not the virus itself

May 21, 2020

How Government Intervention Triggers Depressions

Thanks to past interventions, the economy is now rife with malinvestments and prices that don't reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us

May 20, 2020

Fed’s Attempt to Lend $600 Billion Directly to Companies Is A Total Disaster

Middle market "Main Street" program proves to be one of the trickiest projects the Fed has ever taken on

May 20, 2020

Let’s Hope Deflation Is Headed Our Way

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts

May 20, 2020

How Modern Economics Has Lost Its Way: It’s All About the “Unseen”

The difference between modern economics and proper economic thinking lies in taking the step that comes after arriving at the "unseen," to the "unrealized"

May 19, 2020

May 19, 2020

Tesla Registrations Plunge 64% In China

Elon Musk trying to spur orders at a time when new competition is emerging

May 19, 2020

68% Of Unemployed Workers In The U.S. “Are Eligible For Payments That Are Greater Than Their Lost Earnings”

For decades, our national leaders have been leading us down a road that leads to national oblivion

May 18, 2020

May 18, 2020

Money Supply Growth in April Ballooned to a New High

The growth in the money supply in recent months is in part tied to the fact that the Federal Reserve grew more accommodative in late 2019

May 16, 2020

Amazon’s Jeff Bezos on Track to Become World’s First Trillionaire

The research predicts Bezos will become a trillionaire in 2026

May 15, 2020

US Oil Rig Count Crashes To 11-Year Lows: “There’s A Double Risk On The Horizon”

This means that the U.S. has to be extra cautious about making any serious changes to current oil production patterns because the ship can be slow and difficult to right

May 15, 2020

25% Of US Restaurants Will Never Reopen: Opentable

Total restaurant reservations, walk-in customers have fallen 95%

May 15, 2020

Dems Pushing to Give Colleges Another $10 Billion

New coronavirus bill also forgives student loan debt

May 14, 2020

America’s Disastrous COVID-19 Unemployment Crisis Deepens

Over 36 million have filed for unemployment since lockdown began

May 14, 2020

May 14, 2020

Georgetown Gives Raises After Getting Millions in Coronavirus Aid

Graduate student workers to see stipends increased on taxpayer dime

May 14, 2020

States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History

At some point this coronavirus pandemic will fade, but there will be no running away from the consequences of decades of exceedingly foolish decisions

May 13, 2020

How Bad Is It?

Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction