The Coming Big Silver Short
VIDEO - In this interview with The New American's Alex Newman, author and former options trader Chris Marcus of Arcadia Economics explains that there is a looming explosion in silver due...
Economics
Another 1.5M Filed for Unemployment; Total Now 47.7M. Is Trump in Trouble?
The wreckage from the Chinese Virus pandemic and imprudent shutdown of the economy by panicked public officials is far from finished. And that could spell trouble for President Trump come Election...
Fed Plans to Buy Individual Corporate Bonds to “Support” Market
After the Fed announced it would expand its efforts to “support” the economy by buying corporate bonds, Wall Street rebounded nearly 1,000 points on the news. ...
Labor Dept: 1.8M Filed for Unemployment Benefits Last Week. Total Since March 1: 43M
Another week, another bad report from the Labor Department. The number of those filing unemployment claims is steadily dropping, but remained close to two million for the week ending May 30....
Another 2.1M Unemployment Claims Filed
On Thursday, the federal Department of Labor reported yet another unfathomable pile of claims, this one from the week ending May 23: 2.123 million people applied for jobless benefits ...
Unemployment Claims Close to 40M After Another 2.4M File
The week ending May 16 added another 2.4 million to the unemployment rolls, a decrease from the previous week but one that raised the number of claims since March 1 to...
3M More File for Unemployment; Total Nears 37M
Unemployment claims declined for the week ending May 9, but the number of Americans now jobless thanks to the coronavirus lockdowns has continued to rise. ...
While Money Is “Free,” Pelosi and Schumer Want to Spend More
House and Senate Democrats are proposing to spend even more money they don’t have in another round of stimulus payments. ...
Frustrated Tesla Founder Elon Musk Threatens to Move Out of California
Elon Musk is likely taking a page out of Trump's workbook, pressuring county officials to reconsider their decision to keep his plant closed. ...
Nearly 34M Unemployment Claims Filed Since March 1
Though new unemployment claims are dropping week-to-week, they still number in the millions and continue to show the devastating blow from the Chinese Virus and the ensuing national panic and lockdown....
Jobless Claims Pass 30M, Almost 10 Percent of U.S. Population
The economy took another massive hit the week ending April 25: Another nearly four million Americans filed for unemployment. ...
Coronavirus Impacts Food Production; Lockdowns Reduce Demand for Milk, Produce
Some people worry our nation’s food supply chain is starting to break, with meat-packing plants closing and farmers plowing under crops that there is no market for. ...
Mnuchin: Spending Trillions of Dollars on Coronavirus Relief Will Cause Economy to “Bounce Back”
Treasury Secretary Steven Mnuchin said that the “trillions of dollars” the government is spending on coronavirus relief packages will cause the economy to “bounce back.” ...
Another 4.4 Million File for Unemployment, Total Since March 1 Nearing 27M
The grim news on the American job market kept coming this morning with the U.S. Labor Department’s announcement that another 4.42 million Americans applied for unemployment last week. ...
Number of Unemployed Jumps 25 Percent to 7M; Rate Now 4.4 Percent
The Bureau of Labor Statistics has announced another of the grim societal sequelae of the Chinese Virus: The number of unemployed Americans jumped almost 25 percent to more than seven million....