25,000 More Store Closures Expected As Lockdown-fueled “Retail Apocalypse” Rolls On
By Tyler Durden The one discussion bulls chose to ignore while equity markets soar to new highs is the permanent economic damage story due to months…
Economic Collapse
JOLTs Shock: 4.5 Unemployed Workers For Every Job Opening As Hiring Craters, Quits Soar
By Tyler Durden With the BLS’s JOLTs, or job openings and labor turnover, survey coming in with an extra month delay, we already knew that…
“This Is Just The Start”: US Bankruptcies Soar 48% In May, Most Since Financial Crisis
By Tyler Durden One month ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11…
A Quarter Of Americans Skipped Meals Or Relied On Food Banks During Virus Lockdowns
By Tyler Durden As the economy slips into recession, driven by high unemployment, not seen since the 1930s, a quarter of Americans have skipped meals or relied…
The Great Reset Plan Revealed: How COVID Ushers In The New World Order
By Spiro Skouras For months we have seen our way of life change dramatically. We have been told time and time again things will never…
Ohio Amusement Parks and Resort File Lawsuit Against State Health Director for Shutdown Order
By B.N. Frank Like other Americans, many Ohioans have been protesting what’s become legally mandated during the pandemic. Some actually are legislators. Some are business…
Millions Of Higher-Paying Jobs Targeted As Next Wave Of COVID Layoffs Begins
By Tyler Durden With over 40 million jobs lost in the past two months, a total that puts the Great Depression to shame, one argument…
Economic Impact of the Lockdown on India
By The Conscious Resistance Dr. Madhusudan Raj joins me in this interview to discuss the economic fallout of the lockdown and the impact of the…
At Least 9 Million US Households With Children Are “Not At All Confident” They’ll Be Able to Afford Food Next Month, Census Survey Finds
By Julia Conley A poll released by the U.S. Census Bureau this week revealed that at least nine million American households that include children are…
Walmart Now Sells Used Clothing As Unemployment Nears Great Depression Levels
By Tyler Durden As the economy plunges into depression with tens of millions of people unemployed, Walmart is taking no chances on losing its customer…
Summer Vacation Spending Is Expected To Plunge 66% This Year
By Tyler Durden Memorial Day weekend not only kicks off the start of summer but also, for many Americans, kicks off travel and vacation season….
Global Tourism To Suffer Crushing Blow In 2020
By Tyler Durden While few industries have been spared by the impact of the COVID-19 pandemic, even fewer have been hit harder than the tourism sector….
Bankruptcy Tsunami Begins: Thousands Of Default Notices Are “Flying Out The Door”
By Tyler Durden Two weeks ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11…
Hertz Files For Bankruptcy As Lockdowns Crush Rental Car Industry
By Tyler Durden As if 44,354 Robin Hood traders suddenly cried out in terror and were suddenly silenced. What one world war, one Great Depression…