March’s 14.4% Drop in Durable Goods Orders Likely to Worsen Ahead
Tthe U.S. Department of Commerce's report on durable goods showed just how bleak the manufacturing of big-ticket items was in March.
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German Business Confidence Is Shattered
Businesspeople in German signaled that they have come close to losing all hope for the economy now and in the foreseeable future, based on a widely followed survey. It is another sign that, country…
Federal Reserve Balance Sheet Gains More Than $200 Billion in the Last Week Alone
The United States government has been unleashing an unprecedented flood of money to stabilize the economy and act as stimulus. Interest rates are already now back at zero-percent, and the Federal Reserve is back…
European Economy Collapses to ‘Unprecedented’ Level
IHS has released its widely followed Markit Flash Eurozone PMI. The figures were unbelievably bad. The Flash Eurozone PMI Composite Output Index hit 13.5 from 29.7 in March. Its record low was in July…
Millions of Government Workers Could Lose Their Jobs in the COVID-19 Recession
If there is one type of job that is supposed to be considered “safe” and “essential” it would probably be a government job. What if government jobs in this instant recession are now likely…
How COVID-19 Could Spawn Famines of ‘Biblical Proportions’
The World Food Programme estimates the COVID-19 pandemic puts 265 million people around the world in danger of starvation this year.
Two new bets against carbon risk: Do investors care?
By David Callaway, Callaway Climate Insights By Mark Hulbert (About the author: Mark Hulbert is an author and financial markets columnist. He is the founder of the Hulbert Financial Digest and his Hulbert Ratings…
Leading Economic Indicators Show Worst Trends in 60-Year History
When the Conference Board released its Leading Economic Index on Friday, it showed the largest single monthly decline in the index's 60-year history.
Is China Lying About the Size of Its GDP Drop?
China may have a reason to post numbers that are better than expected. It may want to show its economy has not been wounded as badly as that of other large nations.
Industrial Production at Worst Levels Since Right After World War II
The economy already was getting bad in the first quarter due to the impacts of the coronavirus, but March’s reading on industrial production went deep into contraction. In fact, it was worse than most…
IMF Says COVID-19 to Cause Worst Recession Since Great Depression
In the April revision to its World Economic Outlook, the International Monetary Fund forecasts that global GDP will drop by 3.0% in 2020.
Nearly Half of US Small Businesses Could Shut Down in 6 Months
U.S. small business owners have been especially hard hit by the shutdowns forced by the coronavirus outbreak. Nearly half may have to close permanently in the next six months.
Can the US Handle -26.5% GDP and 12% Unemployment for Second Quarter of 2020?
It should now be little or no surprise that the United States is in a recession, and it should not be a surprise that the forecasters are calling for a "contractionary state" for the…
100% of Major Economist Group Say US Is in Recession
Not a large fraction, or even a majority. 100% of the economists at the widely regarded NABE (National Association of Business Economists) say the U.S. is already in a recession–a very rare consensus. The…
How the Federal Reserve’s Junk Bond Purchases Will Actually Work
Unprecedented times call for unprecedented actions. The Federal Reserve, Treasury and even politicians in America have managed to forge together bailout and rescue packages to fight the COVID-19 pandemic-induced recession that goes above and…