The International Monetary Fund issued a stark warning on Tuesday about the coronavirus’s economic toll, saying that the world is facing its worst downturn since the Great Depression as shuttered factories, quarantines and national lockdowns cause economic output to collapse….
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Here is the scenario. “Government agencies are having difficulty making their payments. State governments are issuing vouchers to pay their bills. US Social Security is late in issuing its payments to retirees and the disabled. Many banks are issuing warnings…
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No more are the days of politicians assuring Americans our economy will “bounce back” after COVID-19. Now, the language is all about an economic “reset.” Specifically, the World Economic Forum released its plans for a global reset, which includes a…
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50 Million out of work, double-digit unemployment, everything is shut down, cities burning, everybody is angry at everybody, Mortgage delinquencies of at least 90 days rise to the highest level in 10 years, millions of homeowners cannot make the mortgage…
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With his first year in office drawing to a close, the US president has been talking up his economic record in typical Trump style. But one man who does not share Trump’s optimism is former congressman Ron Paul. He told…
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We will get a better picture of the election after labor day. Both parties had their convention. Biden did not get the normal “convention bounce in the polls. Next week we will see if Trump got a bounce. After labor…
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We just had the best August for the Dow since 1984. Maybe we should shut the country down more often. Wall Street operates in a different world than Main Street. Main Street is mired in a deep depression now, along…
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Dr. Nouriel Roubini, in an interview with Bloomberg Surveillance, warned that the stock market is completely disconnected from the dire economic outlook of a waning recovery amid continued depressionary pressures. Roubini says that we are going to go through a…
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GDP collapsing, debt spiraling, interest at zero, the virus still making amok. The USA, the land of the permanent debt slaves, kept hooked on the federal reserves printing notes out of thin air. The US dollar’s status as the dominant…
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Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much….
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