Four Minutes From Mar-A-Lago, A Depression-Style Soup Kitchen
“…but you know, I thank God for it”.
Category: economy
‘Beyond Grim’: Europe’s Services Sector Disappears Into ‘Black Hole’ Leaving Economists Speechless
“It’s increasingly difficult to find the words to describe the devastation”.
‘Some Are Going Bust’: US Services Sector On The Brink
“The coronavirus is affecting every aspect of business.”
Leisure And Hospitality Industry Wipes Out Nearly 2 Years Of Jobs Gains In Single Month
“…most of the decline came in food services and drinking places”.
Stunning Jobs Report Shows 701,000 Lost Jobs. And The ‘Horror Show’ Is Yet To Come
If this is just the appetizer, imagine how bad the main course is going to be.
‘I Never Thought I’d See Such A Thing In My Lifetime’: Jobless Apocalypse Stuns Nation
“Between 16 and 20 million jobs could be lost.”
Jobless Claims Surge By Astounding 6.65 Million As Worst-Case Is Realized
Unfortunately (and incredibly) America did not avoid the worst-case scenario.
Signs Of The Economic Apocalypse Are Everywhere.
For right now anyway, economic activity ain’t possible – to speak colloquially.
America’s Small Businesses Slash Most Jobs Since 2009 – And That Was Just Through March 12
These are just the clouds ahead of the storm.
ISM ‘Beat’ Is Fake News On Delivery Time Distortion. New Orders Say Plunge Is Matter Of Time.
The headline index is being artificially boosted by a surge in the supplier delivery times.
Goldman’s New GDP Prediction And QR Virus Codes In Moscow: Welcome To Your Dystopian Future
“It’s been miserable on so many levels.”
‘Where We’re Going, There Are No Roads’: Revolvers, 12-Sigma Plunges And Reluctant Swipers
$162 billion in revolver draws, a warning from Visa and a 12 standard deviation plunge in one bank’s activity gauge.
Ray Dalio: ‘What Is Happening Now Would Have Been Unimaginable Not Long Ago’
“Besides being interesting, these stories could be harbingers of what’s to come.”
‘Sudden Declines’, ‘Gone In A Flash’
Can you laugh in the face of danger?