The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again

It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out.  There are some that believe that this virus will only kill thousands, and there are others that are warning that it could kill millions, but everyone can agree that this outbreak is causing an unprecedented amount of fear.  And even once this pandemic starts to fade, a certain percentage of the population will continue to be afraid to go to restaurants, bars and other small businesses that are open to the public.  Of course many restaurants, bars and small businesses were just barely scraping by during the “good times”, and so many of them will simply not be be able to survive if a substantial portion of the population is literally petrified to step through their doors for the foreseeable future. (Read More...)

The Pace At Which The Coronavirus Is Changing Life In America Is Absolutely Breathtaking

Fear of COVID-19 has fundamentally transformed our entire country in a matter of weeks, and as long as people are afraid of this virus life is definitely not going to return to normal.  In fact, every “shelter-in-place” order in America could be lifted tomorrow and economic activity would not rebound even close to previous levels because a large percentage of the population would still be extremely hesitant to leave their own homes.  As coronavirus survivors tell us stories of the hellish ordeals that they have endured, an increasing number of Americans are finally realizing how dangerous this crisis has become.  If you have asthma, a history of respiratory problems or other serious underlying health conditions, I strongly recommend that you do everything in your power to avoid catching this virus.  The global death toll is more than nine times larger than it was back on March 1st, and you do not want to become a statistic. (Read More...)

A Massive Surge Of Unemployment Like America Has Never Seen Before

The pace at which Americans are losing their jobs is absolutely breathtaking.  According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the week that ended October 2nd, 1982.  So that means that what we are now witnessing is completely unprecedented.  About half the country is currently under some sort of a “shelter-in-place” order, and there has never been a nationwide shutdown of businesses anything like what we are currently experiencing.  Many are hoping that America will be able to “get back to normal” soon, but that all depends on the progression of this pandemic.  The number of newly confirmed cases in the U.S. spiked by more than 11,000 on Wednesday, and the number of new deaths continues to escalate at a very alarming rate.  Until those numbers start to improve, life is definitely not going to “get back to normal”. (Read More...)

Here Are The Very Alarming Things That Scientists Have Just Discovered About This Coronavirus…

The biggest public health crisis of our time just continues to get worse.  The global death toll is rapidly approaching 20,000, and approximately a third of the world is currently under some sort of a lockdown order.  Needless to say, this is going to be absolutely devastating for the entire global economy.  Here in the United States, the spread of this virus continues to track along a trajectory that is very similar to what we witnessed in Italy.  If you doubt this, just check out this chart.  At this hour, the official death toll in the United States is up to 782, and only 378 victims have officially “recovered”.  But of course the vast majority of the 54,867 confirmed cases will not come to a final resolution for quite some time.  Sadly, the numbers that I just shared with you are likely to be much higher by the time most of you actually read this article.  This is a full-blown national emergency, and a lot of people out there are still not taking this crisis very seriously. (Read More...)

Experts Warn Of A Complete And Utter Economic Meltdown As The Global Coronavirus Death Toll Explodes

Everyone that tried to tell us that this pandemic would fade away quickly has been proven dead wrong.  Right now, approximately 187 million Americans are under “shelter-in-place” orders as COVID-19 sweeps across the nation like wildfire.  There are now more than 43,000 confirmed cases in the U.S., but by the time many of you read this article that number is likely to be far higher.  But what is even more concerning is what we are seeing with the cases that have come to a final resolution one way or the other.  Of all U.S. cases that have been officially resolved, 553 patients have died and only 295 patients have recovered.  Over time, the number of patients that have officially recovered will eventually surpass the number that have died for a couple of reasons.  For one, some victims are dying in just a few days while it can take weeks for some patients to fully recover.  Secondly, more widespread testing will start to reveal more mild cases, and most of those mild cases will ultimately recover.  But without a doubt it is starting to appear that the U.S. will have a very high death rate like we are seeing in Italy, Spain and other western European nations.  Monday was the very first time that more than 100 Americans died in a single day, and it looks like the days ahead could be much, much worse. (Read More...)

This Is Why People All Over America Are Scared To Death Of Being Tested For The Coronavirus…

How would you feel if you received a bill for more than $34,000 after being tested and treated for the coronavirus?  This pandemic is showing the entire world that the U.S. healthcare system is deeply, deeply broken, and there is no way that we can continue to go on like this.  If coronavirus testing is quick, inexpensive and widely available all over the rest of the globe, why can’t that be the case here too?  Democrats and Republicans have been fighting about fixing our healthcare system all the way back to the 1990s and they haven’t gotten the job done.  Now we have a system that is a complete and utter embarrassment, and it is about to be overwhelmed by the greatest public health crisis that any of us have ever seen. (Read More...)

This Was The Worst Week For The Stock Market Since 2008, And “Jobless Filings Are Growing Geometrically”

Just a few weeks ago everything seemed completely normal to most people, but now fear of the coronavirus has caused U.S. stock prices to absolutely implode.  The stock market crash of 2020 will forever be mentioned alongside the crashes of 1929, 1987 and 2008, and by the time it is over it could potentially end up being the largest of them all.  Close to a third of all stock market wealth in the entire country has already been wiped out, and many experts are warning that the worst is yet to come.  Of course the authorities are going to do their very best to try to prop up the market, but despite the most dramatic intervention by the Federal Reserve that we have ever witnessed, U.S. stocks just had their worst week since 2008… (Read More...)

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