Category: Global Economics

Food banks are running out of food but farmers are letting it rot in the fields. What’s going on.

Senator Lindsey Graham proposes the US should default on the Chinese holding of US treasuries.

Subprime car lenders report a sharp drop in auto loan payments.

Yesterday, Trump proposed testing disinfectants internally. The makers of Lysol reacted in horror as did the medical profession.

Mortgages in forbearance are on a steep rise due to Covid-19.

Small businesses, the intended recipients of a Congressional Covid-support mechanism struggle to get money. Let’s investigate why.

In the last 5 weeks, 26.453 million people filed unemployment claims. Let’s estimate the unemployment rate.

Existing home sales fell to a Seasonally Adjusted Annualized Rate of 5.27 million compared to an estimated 5.335 million SAAR.

The US is suffering  the fastest deterioration in operating conditions for over 11 years.

In the last 5 weeks, 26.453 million people filed unemployment claims.