More people are being told to stay home because of the virus.... More people are not getting paid.... More are trying to get jobless pay... Some will get one time checks for $1,200, any will not... State's are having issues with application';s and will have trouble … [Read more...] about Lay-Off’s strain the State Unemployment systems…
Recession
Senate Republican’s balk at government $1,200 checks for individuals….
I assume this WILL be done since Trump IS behind it.... $1,200 to all making below $75,000 a year.... Who gets checks? Up to IRS lists? President Trump’s signature proposal to send $1,200 direct payments to the public received pointed pushback from senior Senate … [Read more...] about Senate Republican’s balk at government $1,200 checks for individuals….
Jobless reports/claims go thru the Roof…….Just for One Week….
The virus HAS stopped the American economy in it's tracks... And there is gonna be even more of this as the weeks go by and more businesses close down... As in China? At some point the virus will decline... And will have left a batter and wounded American and World … [Read more...] about Jobless reports/claims go thru the Roof…….Just for One Week….
US Budget deficit climbs to almost the last recession level….
President Obama left with the deficit and the countries debt around $500 Billion..... With Trump0 and the Republicans cutting income thru the 2017 tax cut and two years of budget increases with their then majority congress the gap in spending vs revenue has widen by almost … [Read more...] about US Budget deficit climbs to almost the last recession level….
U.S. consumer spending dropped last month….
People gotta stop pushing the American economy is doing fine... It isn't.... U.S. consumer spending sunk in September by the lowest rate in seven months, according to data released Wednesday by the Commerce Department. Sales of retail goods and food services sank 0.3 … [Read more...] about U.S. consumer spending dropped last month….
Trump people say a recession IS coming…But it will be short?
How 'short' do they think? 10 minutes, a week, 6 months? (They have no idea) Can you believe this??? Even they KNOW the American consumer is in for rough time.... And Donald Trump IS on record as saying Americans will have to suffer thru it.... In public, … [Read more...] about Trump people say a recession IS coming…But it will be short?
Stock Market take’s another drop on recession worries….
People have been warning about a US Economy down turn for the last 6 months.... It is NO secret... The markets have been jittery looking at Trump's trade war actions.... (There is a weakness around the planet also due the trade war also) A tax cut that wasn't , a … [Read more...] about Stock Market take’s another drop on recession worries….
Bankruptcies rise….
Great Economy? More like a creeping slowdown.... According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the trend … [Read more...] about Bankruptcies rise….