The Novel Depression: How the US is going to see Great Depression Unemployment in Record Time.
The unemployment report today was widely acknowledged as being incorrect even by the mainstream media when “only†700,000 jobs were reported lost last month. We already have data that approximately 10 million people have filed for unemployment benefits in the last couple of weeks. This upcoming recession, the Novel Recession, is largely one that is […]
A surge of unemployment claims is coming from the COVID-19 outbreak: A record 2 million plus people have filed for unemployment.
The COVID-19 outbreak has jarred an 11-year bull market into a sudden downturn and what looks to be a recession. What is more startling is that we are now anticipating a record number of unemployment claims hitting the system that even dwarfs what was seen during the Great Depression. Various reports show that unemployment claims […]
Comparing the cost of living from 2000 to 2020: Inflation is a lot higher than you think and your purchasing power is declining.
The cost of living in the US is getting more expensive and the way our banking system is setup, we are primed for continued inflation. Our major purchases are financed with debt and low interest rates so the true cost of many things in our lives are understated by the “monthly payment†mentality that many […]
One third of 18-34 year olds living at home with parents and student debt rages out of control to $1.6 trillion. Total US credit market debt at $74.5 trillion.
Young Americans are having a tough time in this economy when it comes to pursuing their own version of the American Dream. New data highlights that many young adults are still living with their parents deep into adulthood and this is largely being driven by economic reasons. This is all happening during a time when […]