Bankruptcy news
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- ‘That’s a Ponzi scheme’: RT’s Keiser Report looks into US deflationary spiral caused by nonstop ‘printing of debt’
Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global economy. - US unemployment soars to over 30 MILLION as coronavirus pandemic wrecks economyFirst-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday.
- US economy dives to start year amid business shutdown & worst is yet to comeUS gross domestic product (GDP) fell 4.8 percent in the first quarter of 2020 amid the coronavirus pandemic lockdown, according to data released by the Department of Commerce on Wednesday.
- Expect unemployment rates to hit ‘Great Depression’ level, warns Trump’s economic advisorWhite House senior advisor Kevin Hassett says US economy is in “grave situation” and the unemployment rate could be hitting the same numbers seen during the Great Depression due to the Covid-19 pandemic.
- Handing out free cash to citizens as part of coronavirus relief will lead to hyperinflation in Russia – Central BankDistributing money to people as part of coronavirus relief measures could be catastrophic in terms of inflation, according to the Bank of Russia Governor Elvira Nabiullina.
- US weekly unemployment hits 4.4 million, bringing coronavirus lockdown total to more than 26 millionThe US Labor Department said on Thursday that unemployment has continued to rise at a historically unprecedented pace. Another 4.4 million applications filed last week has brought the total in the past five weeks to 26.4 million.
- Donald Trump is the KING OF DEBT – RT’s Keiser ReportThe US Federal Reserve said recently that more than half of Americans have no money in their savings accounts. That means they are desperate and will accept whatever is happening with the ‘so-called’ stimulus, says Keiser Report.
- Spain’s economy may dive 12.4% this year amid coronavirus lockdown uncertaintyThe economy of Spain could contract between 6.8 percent and 12.4 percent in 2020 if the Covid-19 lockdown lasts eight or 12 weeks, the Bank of Spain said on Monday.
- One in ten Americans set to be unemployed & things will get even worse, former Fed insider tells Boom BustThe number of Americans seeking unemployment benefits continued to surge at unprecedented levels, bringing the total number of jobless claims to more than 16 million over three weeks.
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