Living Off Grid As The Collapse Of Society Approaches: “Why Aren’t More People Doing This?”
By Michael Snyder You don’t have to be a cog in the system. For most of us, the only option that was presented while we…
Economic Collapse
Study: Lockdowns Had Largest Impact in Destroying Economic Activity
By Jon Miltimore The world may be nearing the end of the coronavirus pandemic (at least we can hope), but the postmortems are just beginning….
COVID Lockdown Policies Will Disproportionately Hit Black Americans For Decades, New Study Finds
By Tyler Durden “Follow the science” exclaimed every virtue-signaling talking head as left-leaning authorities/officials clamped down on Americans’ rights nationwide… “wear a mask”, “shelter at…
Report: Poor Will Take More Than Decade to Recover From Lockdowns While Rich Thrive Under “Rigged Economic System”
By PFW News In what is no secret to any regular reader of this blog, the COVID-19 pandemic and the lockdowns it justified has –…
“Tough Months Ahead” — NYC’s Lackluster Recovery Continues To Decimate Businesses And Livelihoods
By Tyler Durden Indoor dining is banned; offices are empty; city dwellers are fleeing the metro area. The virus pandemic has deeply scarred New York City’s…
America’s Slide Into Economic Oblivion Is Already Starting To Accelerate
By Michael Snyder Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us? The latest…
NYC Restaurants Sell Frozen Dinners To Survive Dark COVID Winter
By Tyler Durden New York City restaurants are hurting more from the economic crisis in comparison to the industry nationwide. At least half of the…
Food Price Inflation Accelerates For Seventh Consecutive Month
By Tyler Durden Is it time to worry about food inflation? The Food and Agriculture Organization’s Food Price Index rose for a seventh consecutive month…
“It’s A Ghost Town” — Debt-Laden NYC Taxi Drivers In Dire Straits
By Tyler Durden New York City taxi drivers – who were committing suicide left and right before the pandemic – are in bad shape. After…
Who’s Hiring And Who’s Firing: 372,000 Waiters And Bartenders Lost Their Jobs In December
By Tyler Durden As we have been warning for quite some time – and again overnight – the (largely irrelevant) December jobs report was a…
The Worse Things Get, The More The Stock Market Likes It
By Michael Snyder No matter how bad things become, stock prices just keep going up and up and up. In 2020, we experienced the worst…
Mall Of America Successfully Refinances Its Once-Delinquent $1.4 Billion Mortgage
By Tyler Durden With investment banks backstopped by essentially unlimited liquidity from Central Banks, 2021 could become the year that everybody officially refinances, kicks the…
The U.S. Has Lost More Than 110,000 Restaurants, Setting The Stage For A Commercial Real Estate Collapse Of Epic Proportions
By Michael Snyder The restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen…
The United States Has Become A Banana Republic
By Michael Snyder If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars. I…