By Robert Romano Another 3.169 million Americans applied for initial unemployment claims last week, the Department of Labor reports, as the total now runs up to 33.5 million who have lost their jobs in the government-directed closures of the U.S. economy in response to the COVID-19 pandemic to save as […]
By Richard McCarty Over the past six weeks, over 30 million people have applied for unemployment in the U.S. As depressing as these numbers are, it is highly unlikely that the hemorrhaging has stopped. The federal loan fund known as the Paycheck Protection Program was established to […]
By Robert Romano The U.S. economy contracted by a massive, inflation-adjusted 4.8 percent in the first quarter according to the Bureau of Economic Analysis as job losses topped 30.3 million with another 3.8 million initial unemployment insurance claims in the federal and state governments’ bids to stop the Chinese coronavirus pandemic. Factor in the 5.8 […]
By Richard McCarty Virginia’s capital should be getting used to conservative protests by now. For the third time this year, conservatives flocked to Richmond to protest last week. In January, conservatives assembled to support the Second Amendment and oppose anti-gun legislation. The following month, conservatives rallied in […]
By Robert Romano The unemployment rate will likely continue rising as the spread between the 10-year treasury on one side, and the 2-year and 3-month treasuries on the other, continue rising over the next weeks and months, an analysis of interest rates over the past four recession […]
By Robert Romano Congress has passed another round of relief to save as many of the 30 million small businesses nationwide as possible, with another $310 billion on top of the $350 billion that was already spent. An additional $60 billion is going to small businesses in the form of the Economic Injury Disaster […]
By Robert Romano Another 4.4 million Americans filed for initial unemployment claims last week, raising the total to more than 26 million who have lost their jobs since the COVID-19 pandemic economic closures began in all 50 states more than a month ago. But it could be as high as […]
By Robert Romano The price of a barrel of oil briefly fell below zero dollars this week, demonstrating clearly what happens when there is no longer demand for a product or commodity, as tens of millions of Americans are leaving cars in their driveways and airlines are largely grounded. All around […]
