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…
Economic Collapse
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…
The Economic “Reopening” Is A Fake Out
By Brandon Smith How does one define an economic “reopening”? I think most people would say that a reopening means that everything goes back to…
Here Comes The Wave: Loan Defaults Hit 6-Year High
By Tyler Durden Two weeks ago, when looking at the recent flurry of chapter 11 filings and a striking correlation between the unemployment rate and…
After State Killed 275k Jobs Over COVID-19, Sheriff Now Evicting Residents Who Can’t Pay
By Matt Agorist Oklahoma City, OK — Since March, unemployment across the country has reached record and potentially catastrophic numbers. In the entire country, a…
US Banks On Hook For $150B In “Frozen Loans” As Millions Skip Credit Card And Car Payments
By Tyler Durden One month ago, after the banks reported Q1 earnings, we showed that the major US money center banks saw their loan loss…
“Thousands Are Starving”: Protesters Demanding Food Clash With Soldiers As Lockdown Intensifies in Chile
By Tyler Durden The coronavirus hit Chile at a particularly delicate time. Back in October, the Chilean military deployed tanks and troops onto the streets…
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression
By Michael Snyder The last recession was really, really bad, but it was never like this. It is time for us to face reality, and…
“Tidal Wave” Of Delinquent Mortgages Set To Surpass Great Recession
By Tyler Durden With nearly 4 million homeowners in some type of mortgage forbearance plan – representing 7.54% of all mortgages, delinquencies are set to…
Pennsylvania Sheriffs Say They Won’t Enforce Business Shutdown
By Daniel Taylor Cumberland County Sheriff Ronny Anderson says “I have no intentions of turning local business owners into criminals.” Resistance is growing against unconstitutional…
It Is Not About A Virus … It Is About Control!
By Spiro Skouras We have been covering many aspects regarding the pandemic of COVID1984; but one very important aspect that we really haven’t touched on,…
Shocking New Survey — 52% Of Small Businesses “Expect To Be Out Of Business Within Six Months”
By Michael Snyder Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now. Yes, many states are…
A Tragic Record: For The First Time Ever, More Than Half Of The US Population Is Not Working
By Tyler Durden Today’s jobs report was, as expected and as previously discussed, absolutely horrific; although as Bank of America points out, there was one…
Shutdowns Are Pointless, Stupid and Evil
By Larken Rose No, I’m not going to be polite or gentle when so many good people are being tricked into cooperating with widespread, devastatingly…