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6 Reasons Why This Is (Or Isn't) The Worst Economy Since The Great Depression

...a future resurgence of COVID-19 seems the most likely outcome. It’s the scenario many experts warn us to expect, and not just any experts but the ones who’ve been most accurate to date... an early 1980s–style double-dip recession.

  • May 2, 2020 8:30 PM

"The Whole Thing's A Farce" - 'Conspiracy Theories' Thrive As Texans Flock Back To Shopping Malls

"I believe there’s a virus, but we have bird flu and pneumonia and I’ve had several shots..."

  • May 2, 2020 5:35 PM

SUVs Are Being Parked In The Middle Of The Ocean As Auto Inventory Crisis Deepens

"Everyone is full to the brim..."

  • May 2, 2020 8:59 AM

What Is The NFL Telling Us About The Economy?

The conventional wisdom seems to be that the economy will quickly recover once governments open things up again. But recent moves by the National Football League indicate its leadership isn’t so confident...

  • May 1, 2020 2:10 PM

US Manufacturing Surveys Show Record Collapse In Output, Orders, & Jobs

“Smaller firms are being hit the hardest, and also reporting the highest job losses, but large firms are also seeing the sharpest downturn on record..."

  • May 1, 2020 10:05 AM

UK Headed For "Deep Recession" As Manufacturing Activity Sees Record Slump In April

This is not a good look for the British economy...

 

 

  • May 1, 2020 5:51 AM

April Will Be The Worst Month On Record For Auto Sales

"With employment and consumer confidence at new lows, the question remains: Will people be in the position to purchase new cars?"

  • Apr 30, 2020 8:40 PM

Inflation Or Deflation? Mish Warns That Demand Collapse Trumps Supply Shocks

Authored by Mike Shedlock via MishTalk,

The inflationists are coming out of the woodwork, but they are wrong.

  • Apr 30, 2020 3:15 PM

Freezer Truck Packed With 50 Dead Bodies Discovered Outside Brooklyn Funeral Home

It's a sad commentary on how desensitized we've become during the era of COVID-19...

  • Apr 30, 2020 10:12 AM

Watch Live: ECB President Lagarde Explain How More Of The Same Is Different This Time

Full Einsteinian insane-tard-ness...

  • Apr 30, 2020 8:25 AM

The White House's Most Influential China Hawk Suspects COVID-19 Leaked From Wuhan Lab

He's the most important member of Trump's inner circle that you've probably never heard of...and he doesn't believe the bs coming out of Beijing...

  • Apr 29, 2020 10:25 PM

Global Economic Activity May Have 'Bottomed' But Don't Expect Any 'V-Shaped' Recovery; Fathom

..."it is too early to identify real green shoots."

  • Apr 29, 2020 3:45 PM

Watch Live: Fed Chair Powell Explains How He Saved The World (For Now)

...lender, asset-buyer, moral-hazard-enabler, and zombie-firm-creator of last resort

  • Apr 29, 2020 2:25 PM

Italian Car Sales Plunged 98% In April

Across all sales channels in Italy, there were only 2,182 registrations, down from 107,930 the year prior...

  • Apr 29, 2020 2:35 AM

Has The Recovery Started Already? What Real-TIme Coronavirus Activity Trackers Are Showing

There was some good news in the latest coronavirus activity tracker from Goldman: signs of life amid an unprecedented collapse in aggregate demand.

  • Apr 28, 2020 7:05 PM

Store Visits Spike As States Lift Lockdowns, Even As Millions Remain Unemployed

So much for everybody waiting to see how things would pan out first...

  • Apr 28, 2020 5:45 PM

Trump Asks Why American Taxpayers Should Bail Out "Poorly Run, Democrat" States

Why should the people and taxpayers of America be bailing out poorly run states (like Illinois, as example) and cities, in all cases Democrat run and managed, when most of the other states are not looking for bailout help?

  • Apr 27, 2020 1:44 PM

$6 Trillion Contraction Could Be "Too Optimistic", Economists Warn Eyeing Second COVID-19 Wave

"The economy has entered a downturn of unprecedented speed and severity, with most advanced economies facing their weakest performance since the Great Depression." 

  • Apr 27, 2020 11:50 AM

13 Public Companies Agree To Return $170 Million In Small Business Coronavirus Stimulus; Others Are Keeping It

"I'm sorry" (I got caught)

  • Apr 27, 2020 11:15 AM

Small Businesses In Catch-22 Begin Revolt: 'Defy State's Stay-At-Home Order Or Face Collections'

“I have to do what I have to do. I’m fighting to provide for my children and myself and my family right now.”

  • Apr 26, 2020 1:50 PM

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