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Used Vehicle Prices Explode To All Time Highs After Plunging Just Months Ago

Used vehicle prices are now 13.9% higher than record levels set in February...
 

  • Aug 20, 2020 10:05 PM

Australians Are Hoarding Cash As Businesses Go Cashless

“While COVID-19 has accelerated the shift to electronic payments, there has, paradoxically, also been record demand for banknotes...”

  • Aug 20, 2020 7:05 PM

Main Suspect In Brutal Attack At BLM Protest Seeks Donations While Evading Police

“Might go to jail for murder tonight for a racist when all I did was fight him look it up on twitter put money on my books and come see me...”

  • Aug 20, 2020 1:30 PM

Over One Million Americans Filed For Jobless Benefits Last Week

This should not be entirely surprising as PPP rolled off.

  • Aug 20, 2020 8:36 AM

Apartment Boom & Bust, Where It's Happening And Not

Apartment building is down 12% in 2020. 13 of 20 top metro area are in decline...

  • Aug 19, 2020 3:30 PM

ECB: On The Credit Wave Towards Zombification

...the so-called (T)LTROs will further zombify the European economy and deteriorate the real income prospects of young Europeans...

  • Aug 19, 2020 3:30 AM

Here's How 2020 Compares With The Great Depression

The biggest difference between these two eras – and this is the thing that will be our downfall – is that we are now a nation of consumers instead of producers...

  • Aug 18, 2020 5:09 PM

New York Has Rejected $1 Billion In Fraudulent Unemployment Claims Since The Beginning Of The Pandemic

More than 42,200 fraudulent claims for unemployment have been identified since mid-March...

  • Aug 16, 2020 7:05 PM

Is COVID Coming For Your Job?

Laid off or fear you could be? Then read this...

  • Aug 16, 2020 5:50 PM

Lake Tahoe Real Estate Booms 'Like Never Before' 

"Bay Area residents are flocking to the area as they realize they can work from home and they also want more space around them."

  • Aug 14, 2020 9:40 PM

US Bankruptcies Are Already At 10-Year High As Pandemic Takes Its Toll

And yet, most of the mainstream still seems convinced that with a little more stimulus and a coronavirus vaccine, everything will be just fine. But as we’ve said over and over, curing the coronavirus won’t cure the economy...

  • Aug 14, 2020 12:50 PM

Dramatic Photos: Desperate For Provisions, Thousands Of Cars Line Up At Texas Food Bank

"If it wasn't for this, we'd probably go hungry. If it wasn't for church, and food giveaways, the kids would be going hungry."

  • Aug 14, 2020 11:15 AM

After "Big Jobs Numbers", Initial Jobless Claims Fall Below 1 Million For First Time In 21 Weeks

...but still - 963,000 Americans filed for first time jobless benefits last week...

  • Aug 13, 2020 8:35 AM

US Consumer Prices Surge As Food & Medical Costs Jump

The food at home index increased 4.6 percent over the last 12 months...

  • Aug 12, 2020 8:36 AM

In Spain & Italy, Cash Is Still King

Most Europeans still cling to physical cash while nations in Asia have embraced cashless payments the most...

  • Aug 12, 2020 4:15 AM

Uber Warns Of 111% Price Hikes After California Judge Rules Drivers Are Employees

"Defendants' insistence that their businesses are 'multi-sided platforms' rather than transportation companies is flatly inconsistent with the statutory provisions..."

  • Aug 11, 2020 1:40 PM

No Payment, No Problem: Bizarre New World Of Consumer Debt

It’s Extend and Pretend all over again...

  • Aug 9, 2020 1:30 PM

While Americans Sacrifice To Survive The Pandemic, CEO Compensation Has Barely Changed

The CEOs of major companies have taken pay cuts "in solidarity with workers" that usually amount to less than 5% of their total compensation...

  • Aug 8, 2020 2:05 PM

2020's Economic Depression Is Becoming An Endless Nightmare For Millions Of Americans

There are so many people out there that want to believe that the future is going to be exceedingly bright... that it is just a temporary blip on the road to tremendous prosperity... It's not!

  • Aug 8, 2020 12:50 PM

Post-Pandemic World: Homebuilder KB Homes Is Now Including Built-In Office Space In New Homes

"In this private workspace, homeowners can host online presentations or small in-person meetings and boost their productivity."

  • Aug 8, 2020 12:25 PM

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