Initial claims for unemployment insurance soared to 6.65 million for the week ending March 28, exceeding last week’s shocking 3.3 million, and dwarfing the previous high of 695,000 in October 1982. During the Great Recession in 2008-09, total job losses were 8.8 million over 25 months versus a total of 9.96 million initial claims…
As I sit here and see the Dow Jones dip under 20,000 for the first time in four years, I realize that it will likely be the last time in my adult life I will see the stock market dropping this low. And it seems to only be continuing. While some young people may decry…
In response to the chaotic outcry of Americans over the Coronavirus, President Trump has made moves to inject additional funds into the economy. Veering away from the term “stimulus,” the proposal resembles that of the auto and bank bailouts. But do these bailouts help or do they hurt? Is this what we need to counteract…
President Donald Trump is trying to advance two conflicting narratives about the US economy. A pair of tweets the president recently sent out within an hour of each other demonstrates the bizarre balancing act he’s trying to maintain. The Fake News LameStream Media is doing everything possible the “create” a U.S. recession, even though the…
LISTEN TO TLR’S LATEST PODCAST: While Congressional Republicans bicker over tweaks to the Affordable Care Act, the federal debt prepares to pass the $20 trillion mark. That might sound like a lot, but it’s small potatoes compared to what lay ahead. The CBO projects the debt to balloon to $92 trillion by 2047. What is…
Federal Reserve May Use Negative Interest to Combat Recession by Aya Katz During a retreat in Jackson Hole, Wyoming, on August 26, 2016 Federal Reserve Chair Janet Yellen spoke about the current recession and the measures that may be necessary in order to combat the next one. Since the Federal Reserve has held the legal…
By Guy Bentley London will remain the finance capital of Europe despite market turmoils in the wake Brexit. A poll of institutional investors by FTI Consulting shows substantial confidence that London will retain its status as Europe’s unrivaled financial hub. Two-thirds of those surveyed said London wouldn’t lose pride of place despite the United Kingdom’s…
By Jeremy Beale Millennials are costing the U.S. economy more than $376 billion a year, according to a recent Gallup poll. The poll found that between 2008 and 2015, the economy lost approximately $949 million per day and $346.4 billion a year due to the lack of millennials spending money. An additional $30.5 billion was lost…
According to a new report from Business Pundit, acclaimed businessman and investor Jim Rogers is “100% sure” of an impending second recession within the year. “It’s been seven years, eight years since we had the last recession in the US, and normally, historically we have them every four to seven years for whatever reason—at least…
By Steve Birr Banking powerhouse JP Morgan is warning that recession risk in the U.S. is rising rapidly, despite continued statements from Federal Reserve officials and bull market analysts who say the country’s economic fundamentals are strong. In a research report released this week, the bank’s analysts conclude that disturbing trends in labor market productivity, the historic…