New York City works because it has tall building that hold a lot of people and companies ... When the people can't go to work in those building? The companies don't make the money they usually bring in... That means the companies don't pay rent .... If they don't pay … [Read more...] about New York City commercial tenants slow or stop paying rents…
Recession
Donald Trump…America’s Problems ain’t my fault….
Poor Donald.... For his last 3 1/2 years he's been doing his sidewalk act in front the media... He claims anything good was because he did it.... And anything bad is because he wasn't there... Now that America IS trying to climb out the worst health and economic hole … [Read more...] about Donald Trump…America’s Problems ain’t my fault….
Lay-Off’s strain the State Unemployment systems…
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…
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?