Search Result for “economic recession”

We are just coming out of “the COVID recession”, and now we are being told that another recession could be just around the corner.  Thanks to overly harsh pandemic restrictions, widespread shortages and millions of workers that appear to have disappeared from the system somehow, economic activity is slowing down …
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The mainstream media keeps trying to convince us that things are about to get a whole lot better for the U.S. economy, but instead, they just keep getting worse.  On Thursday, we learned that another 898,000 Americans filed new claims for unemployment benefits last week.  That was the highest number …
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More than a million Americans were not supposed to be losing their jobs every week by the time we got to the middle of August.  By now, vast hordes of unemployed Americans were supposed to be returning to their old jobs and economic activity was supposed to be returning to …
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You may have noticed that a lot of people get offended by what I write.  It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can.  But it is undeniable that my articles about our …
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Even though economic conditions were absolutely awful, during the month of June the mainstream media kept insisting that the U.S. economy was “recovering” and the stock market kept surging on every hint of good news.  But now the “economic recovery” narrative is completely dead, because the numbers clearly show that …
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If you think the hype over the coronavirus is simply about keeping people from getting sick, consider this: In the name of fighting corona, the power elite are in the process of turning the world upside down . . . Our banking system, Our educational system, Our transportation system, Our …
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The last four months have been an unending nightmare for the U.S. economy.  Businesses are shutting down at a pace that we have never seen before in American history, the “retail apocalypse” has reached an entirely new level that none of the experts were anticipating prior to this pandemic, and …
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The last recession was really, really bad, but it was never like this.  It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression.  This is already the worst economic downturn that America has experienced since the Great Depression of …
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Yes, you read that headline correctly.  The economic downturn of 2008 and 2009 is often referred to as “the Great Recession” because the U.S. had not experienced economic pain of that magnitude since the Great Depression of the 1930s.  Millions of Americans lost their jobs, mortgage defaults soared and Wall …
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The rate at which the U.S. economy is unraveling is absolutely breathtaking.  On Thursday, we learned that another 4.4 million Americans filed new claims for unemployment benefits last week, and that means that a grand total of more than 26 million Americans have lost their jobs during this pandemic so …
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