Michael Snyder

Economic Depression Of 2020: Many Restaurants, Bars & Retailers That Have Closed Will Never Open Again

It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out.  There are some that believe…

America Hasn’t Seen A Massive Surge In Unemployment Like This Before

The pace at which Americans are losing their jobs is absolutely breathtaking.  According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000…

Why Did Hundreds Of CEOs Resign Just Before The Pandemonium Began?

In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest exodus of corporate CEOs that we have ever seen. …

Experts Warn Of A Complete And Utter Economic Meltdown

Everyone that tried to tell us that this pandemic would fade away quickly has been proven dead wrong.  Right now, approximately 187 million Americans are under “shelter-in-place” orders as COVID-19 sweeps across the nation like wildfire.  There are now more…

This Is Why People All Over America Are Scared To Death Of Being Tested For The Coronavirus…

How would you feel if you received a bill for more than $34,000 after being tested and treated for the coronavirus?  This pandemic is showing the entire world that the U.S. healthcare system is deeply, deeply broken, and…

Worst Week For Stock Market Since 2008 & “Jobless Filings Are Growing Geometrically”

Just a few weeks ago everything seemed completely normal to most people, but now fear of the coronavirus has caused U.S. stock prices to absolutely implode.  The stock market crash of 2020 will forever be mentioned alongside the…

Just The Beginning: More Than 70 Million Americans Locked Down

It seems like just yesterday that I was warning that the same sort of lockdowns that were occurring in Italy and China would soon be instituted here, and now it is actually happening.  As you will see below,…

Will This Be “Just A Recession” Or Will It Be “The Next Great Depression”?

As America slowly but surely shuts down from coast to coast, everyone is acknowledging the fact that we are heading into a very serious economic downturn.  Originally, many experts were warning that this coronavirus pandemic could spark a…

Severe Civil Liberties Restrictions Straight Ahead

One of the things that sets the United States apart from the rest of the world is that we are supposed to have certain civil liberties guaranteed to us by the U.S. Constitution.  Of course, the U.S. Constitution…

“Do Not Call 9-1-1 Just Because You Ran Out Of Toilet Paper”

Did you ever imagine that you would see the day when police are being called out to protect trucks that are unloading shipments of toilet paper?  Well, in California this is actually happening.  At the Costco in Santa…

3rd Time This Month: Largest Single Day Point Crash In Stock Market History

We are literally witnessing history in the making. For the third time in the last six trading sessions, we have witnessed the largest single-day point crash in stock market history. Let that sink in for a moment. On…

“Where You Stop Is Where You Stay” – Domestic Travel Restrictions Are Being “Considered”

Is the United States on the verge of a complete and total “lockdown” like we have already seen in China, Italy and elsewhere?  As you will see below, the Trump administration has repeatedly brought up the possibility of…

Did The Federal Reserve Just Purposely Try To Crash The Stock Market?

Unless the Federal Reserve is purposely attempting to spread panic on Wall Street, the decisions that the Fed just made don’t make any sense at all.  Back on March 3rd, the Federal Reserve announced an unscheduled emergency interest rate…

Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic

Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before.  Just about every major sporting event that you can think of has been either canceled or postponed, schools and universities are…

Fear Of Coronavirus Causing Stock Market Apocalypse

In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did.  As I keep reminding my readers, the stock market…

18 Breathtaking Facts About Stock Market Crash Of 2020 – Experts Warn It’s Far From Over

We haven’t seen anything like this since the last financial crisis erupted in 2008.  Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a…

US Cases Explode As Coronavirus Pandemic Reaches Tipping Point

If you thought that we had more time before this coronavirus pandemic exploded out of control in the United States, I am sorry to say that you are out of luck.  In all of the major nations in…