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The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas

Wolf Street, Released on 7/10/20 The Great American Oil Bust started in mid-2014, when the price of crude-oil benchmark WTI began its long decline from over $100 a barrel to,…

Looming evictions may soon make 28 million homeless in U.S., expert says

CNBC, Released on 7/10/20 We’re looking at 20 million to 28 million people in this moment, between now and September, facing eviction. Continue……

53% of restaurants closed amid coronavirus have shuttered permanently, Yelp data shows

Restaurant Dive, Released on 7/6/20 Of the businesses that closed, 17% are restaurants, and 53% of those restaurant closures are indicated as permanent on Yelp. Continue……

Australia closes state border for first time in 100 years

Reuters, Released on 7/5/20 “It is the smart call, the right call at this time, given the significant challenges we face in containing this virus.” Continue……

How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice

Of Two Minds, Released on 7/4/20 Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. Continue……

Pence vows to ‘keep opening up America’ as U.S. sets new record for coronavirus cases

CNBC, Released on 7/2/20 “The truth is that we’re monitoring right now 12 states that have rising cases and rising positivity, and we’re fully supporting efforts that the governors are…

Mish Shedlock: Huge Political Disconnect Over the State of the Economy

Mish Talk, Released on 6/30/20 Trump can appeal to the base all he wants, but he better do something about independents, race relations, and immigration. Instead, Trump has Continue……

Nearly half the U.S. population is without a job

CNBC, Released on 6/29/20 Nearly half of the population is still out of work illustrating just how far the U.S. labor market has to heal in the wake of the…

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