Economics

Americans Not Making Their Mortgage Payments Soar By 1064% In One Month

Wednesday, April 8, 2020
By Paul Martin

by Tyler Durden ZeroHedge.com Wed, 04/08/2020 Earlier today we reported that the “The Liquidity Crisis Is Quickly Becoming A Solvency Crisis”, and nowhere is this more true than for US homeowners (their servicers, and their lenders). According to the latest Mortgage Bankers Association Forbearance and Call Volume Survey which highlights the “unprecedented, widespread mortgage... »

Sixty percent of Americans won’t be able to cover basic necessities in a month or less because of the quarantine

Wednesday, April 8, 2020
By Paul Martin

by: Isabelle Z. NaturalNews.com Wednesday, April 08, 2020 America is dramatically unprepared for the economic shutdown we’re currently facing as the nation grapples with coronavirus, and one recent survey illustrates just how serious the problem is. When the Society for Human Research Management surveyed American workers from March 12 to 16, they found that... »

COVID-19 To “Shock” US Economy Into Deep Contraction, 13% Unemployment By June, WSJ Survey Says

Wednesday, April 8, 2020
By Paul Martin
COVID-19 To “Shock” US Economy Into Deep Contraction, 13% Unemployment By June, WSJ Survey Says

by Tyler Durden ZeroHedge.com Wed, 04/08/2020 The Wall Street Journal published a new monthly survey that outlines the severe economic impact of shutting down cities across America to mitigate the spread of the COVID-19 pandemic. The survey of 57 economists from April 3-7 includes 14.4 million job losses and a surge in unemployment through... »

The Worst Economic Collapse Ever?

Wednesday, April 8, 2020
By Paul Martin
The Worst Economic Collapse Ever?

by Tuomas Malinen via GnSEconomics.com, ZeroHedge.com Wed, 04/08/2020 Country after country has reported extremely dark economic numbers. The gigantic jobless claims, 6.6 million from the U.S. last week, are just the tip of the iceberg. For example, the service sector PMIs have been simply ghastly across the globe. We are now in a crisis... »

Nearly a third of US apartment renters didn’t pay ANY rent for April as coronavirus shutdown puts millions out of work and landlords fear they won’t be able to pay taxes and utilities

Wednesday, April 8, 2020
By Paul Martin

New data shows 31 percent of US renters didn’t make any payments by April 5 That’s up from 19 percent that didn’t make a payment in the first week of March At least 10 million people have been put out of work in the past few weeks Households are scrambling to pay bills and... »

We Won’t Be Getting “Back to Normal.” Not Soon. Not Ever.

Wednesday, April 8, 2020
By Paul Martin

by Daisy Luther TheOrganicPrepper.com April 8, 2020 (April 8, 2020) When will we get back to normal? If you yearn for the days before COVID-19 swept across the planet, I regret to inform you that those days are gone. This isn’t a warm and fuzzy blog post telling you that everything is going to... »

“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021

Wednesday, April 8, 2020
By Paul Martin
“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021

by Tyler Durden ZeroHedge.com Wed, 04/08/2020 The World Trade Organization (WTO) published a new report on Wednesday that is truly apocalyptic, and crushes all hopes that a V-shaped recovery would be seen this year (similar to what Morgan Stanley said last week): “World trade is expected to fall by between 13% and 32% in... »

Fed Minutes To Reveal The Sheer Chaos As Fed’s Entire Worldview Imploded

Wednesday, April 8, 2020
By Paul Martin
Fed Minutes To Reveal The Sheer Chaos As Fed’s Entire Worldview Imploded

by Tyler Durden ZeroHedge.com Wed, 04/08/2020 Starting a week of historic central bank interventions, at the 15th March weekend meeting, the Fed threw the proverbial kitchen sink at the market, taking aggressive measures (slashing rates by 100bps to 0.25%; committed to at least USD 700bln of QE; eased regulatory pressure on banks to free... »

Shopping at Walmart now resembles a police state FEMA camp experience thanks to coronavirus: Our dystopian future has arrived…”There won’t be enough police officers and military to contain those riots.”

Tuesday, April 7, 2020
By Paul Martin

by: JD Heyes NaturalNews.com Tuesday, April 07, 2020 We keep hearing from politicians, analysts and social commentators that “things will never be the same in America” thanks to the rules and regulations we continue to see implemented around the country. And while the easy thing to do is to simply wave off such claims... »

Huge increase in food demand due to coronavirus sends wholesale egg prices skyrocketing 180%

Tuesday, April 7, 2020
By Paul Martin

by: Zoey Sky NaturalNews.com Monday, April 06, 2020 If you’re used to starting your day with coffee, orange juice, bacon, toast and some eggs, brace yourself – the price of wholesale eggs in the U.S. has skyrocketed to a shocking 180 percent from its regular price. And reports reveal that increased buying due to... »

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