US Unemployment Claims Rise by Another 1.4 Million, Hit New Record of 33 Million What rebound? This keeps getting worse, and worse Wolf Richter 14 Jul 20 669 0
The Great American Shale Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Price $262 billion has evaporated so far, $55 billion just this year Wolf Richter 13 Jul 20 1917 1
BubblegeddonLockdown Stone Age Continued Unemployment Claims in the US Rise by Another 1 Million, Now at Eye-Watering 31.5 Million Four months ago this number was 2 million Wolf Richter 4 Jul 20 1518 0
Lockdown Stone Age Lockdown Stone Age: Virus Cultists Shrank World Trade 30 Percent Crime against humanity Wolf Richter 3 Jul 20 773 0
The Greater Depression Subtrack the “Giant 5” and the US Stock Market Hasn’t Made Gains Since January 2018 All that monetary fraud and it's still a ride to nowhere Wolf Richter 29 Jun 20 708 1
BubblegeddonCovid Stone Age Despite Re-Opening Continued Unemployment Claims in US Rise by 1.3 Million, Now at 30.55 Million Service industry workers returning but now corporate and public sector lay offs start — real unemployment at over 20% Wolf Richter 27 Jun 20 502 3
US National Debt Spiked by $1.5 Trillion in 6 Weeks, to $25 Trillion. Fed Monetized 90% “Debt out the wazoo" has become a factually accurate technical term Wolf Richter 8 May 20 569 3
Covid Stone Age Bone-Chilling Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel Gasoline down 50% Wolf Richter 4 May 20 1186 0
The Covid Rouge The Covid Rouge Have Driven Another 4.4 Million Americans Out of Work for a Total of 26.5 Million in 5 Weeks 1 out of 6 Americans who had a job before this madness no longer has one Wolf Richter 24 Apr 20 481 2
Bubblegeddon Services Are 70% of US Economy. You Know What Happens to Services in a Lockdown? Replacing real economy with fake economy of standing in line for Fed monies Wolf Richter 3 Apr 20 997 3
6.6 Million Americans Laid Off, File for Unemployment in a Single Week And that's on top of the 3.3 million last week — happy mind virus! Wolf Richter 3 Apr 20 680 2
After Blowing $4.5 Trillion on Share Buybacks Culprits Want Taxpayer & Fed Bailouts of Their Shareholders Yet more redistribution to keep the redistributive bubble going Wolf Richter 20 Mar 20 1069 12
Bubblegeddon Panicked Fed Slashes Rates to Near 0%, Throws $700 Billion QE on Top, After $1.5 Trillion Shock-And-Awe Repos Fizzle Unprecedented measures, only they're not working, the end of the Everything Bubble nears Wolf Richter 16 Mar 20 688 8
MIC Joys Boeing Crashes: $43 Billion in Share Buybacks Turn Into Existential Threat The "masters" of financial engineering have maneuvered the company into a 50% share crash Wolf Richter 12 Mar 20 947 7
China’s Manufacturing PMI Collapse Shows How Far Beijing Went to Combat Covid-19 Dealt itself unfathomable short-term economic damage to stay on the safe side Wolf Richter 5 Mar 20 1328 8
Trade War Joys Trump’s Trade War Has Cut Trade Deficit With China — And Blown It Up With Everyone Else The total trade deficit has barely budged Wolf Richter 6 Feb 20 900 5
Bubblegeddon The Great American Shale Oil Bust Has Already Wiped Out $200 Billion in Wealth And that's just debt accumulated by companies which already went belly up, not counting losses to stockholders, and inevitable future bankrupcies Wolf Richter 23 Jan 20 1625 8