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Welcome To The Greater Depression

We’ve entered a downturn that is going to be longer, deeper, and different than the unpleasantness of 1929-1946...

  • Apr 11, 2020 10:20 PM

Tesla Furloughs Half Of Its Entire US Sales And Delivery Staff

Anyone with entry-level roles or lower sales quotas each quarter have all been furloughed...
 

  • Apr 11, 2020 4:55 PM

UK Cops Threaten To Search Shopping Baskets To Catch "Lockdown" Violators

...forced to backtrack after public backlash.

  • Apr 10, 2020 7:55 AM

Mish: Small Business Guarantees Are A Bucket Of Moral Fraud

The coronavirus Small Business Relief program is a bucket of first-come-first-served moral fraud...

  • Apr 9, 2020 4:26 PM

Kimbal Musk's Restaurant Chain Bilks Its $2/Hour Waitstaff Out Of Their Emergency "Family Fund"

"They took people who were loyal to them and they slammed the door in their face."

  • Apr 9, 2020 2:26 PM

NYC Apartment Leases Plunge As Real Estate Industry Paralyzed

"Tenants can't really look at new apartments other than virtually."

  • Apr 9, 2020 12:35 PM

When Work Is Punished: Did The 'Generous' CARES Act Just Guarantee High Unemployment Is Here To Stay?

The tragedy of the American welfare system is that it traps so many people in dependency on government, by hindering them from getting on and climbing up the job ladder, and thereby earning self-respect and happiness.

  • Apr 9, 2020 9:55 AM

A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks

Put another way, we have lost 1132 jobs for every confirmed US death from COVID-19 (14,817).

  • Apr 9, 2020 8:33 AM

Visualizing The Pandemiconomy: What Are Shoppers Buying Online During COVID-19?

Even the largest retailers on the planet are struggling to keep up with the unprecedented consumer demand - but what exactly are people buying?

  • Apr 9, 2020 8:22 AM

US Consumer Comfort Crashes By Most Ever

In the past three weeks, the measure has plummeted more than 13 points, also the steepest drop in records back to 1985...

  • Apr 8, 2020 9:57 AM

"Social Distancing" Just Made Accessing Your Cash A Lot Harder

With cash currently being ostracised, there remains an opening to shore up some of your wealth by diversifying from digital into physical. It will not stay that way for long if people lose confidence in the banks holding their money...

  • Apr 8, 2020 5:00 AM

Major Auto Insurers Now Refunding Premiums Due To "Unprecedented" Driving Slump

Driving is down by about 35% to 50% in most states as a result of coronavirus lockdowns...
 

  • Apr 7, 2020 7:20 PM

Almost Half Of Small Businesses Will Close If They Cannot Re-Open Soon

“American banks will be on the front lines to help businesses survive during this pandemic.”

  • Apr 7, 2020 3:05 PM

'Stay-At-Home' Orders Have Created A "Perfect Storm" For Grifters, Scammers, & Spoofers

On the dark web, where illicit information is openly peddled, full identity kits, called “fullz,” can be purchased for under $40...

  • Apr 6, 2020 8:35 PM

What Will The Future Bring? Here's How To Survive The Uncertainty

We live in a very different world than we did back in January when the calendar turned to 2020 and everyone was anticipating the great things they’d accomplish in the brand new decade...

  • Apr 4, 2020 6:45 PM

Unprecedented 2.2 Trillion Dollar Bill Fails Most Small Businesses

...this is about government not being able to clean up the mess it creates by simply throwing money at it. Please just stop!

  • Apr 3, 2020 1:45 PM

Grocer Dean & DeLuca Has Filed For Bankruptcy, Hopes To Eventually Re-Open Shuttered Stores

The chain has just one employee remaining, according to bankruptcy documents...
 

  • Apr 3, 2020 12:00 PM

This Is What Economic Collapse Looks Like

This is what an economic collapse looks like, and it is just getting started...

  • Apr 3, 2020 11:45 AM

US Auto Sales Plunge To Lowest In A Decade, But The Worst Is Yet To Come In Q2

Many automakers saw drops of over 40% in sales for March...
 

  • Apr 2, 2020 12:00 PM

"US Labor Market Is In Free-Fall" - 10 Million Americans Have Filed For Unemployment In Past 2 Weeks

We’ve lost 46 jobs for every confirmed case of COVID-19 in the US...

  • Apr 2, 2020 9:55 AM

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