Why the Q1 GDP Recession Report May Still Look Good
Some economic reports still showed pockets of growth until well into March. That won't be the case for the upcoming economic reports for April, May and June.
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Texas Regional Manufacturing Activity Slides Deep Into Recession Territory
The latest Dallas Federal Reserve manufacturing report for Texas has atrocious numbers, showing just how bad things are in the region.
How the Recession Has Crushed Even the Mega Millions and Powerball Lotteries
The recession is crushing the lottery along with everything else. Buying a lottery ticket may have become a luxury expense, now that over 26 million American workers have filed for unemployment in the past…
April US Consumer Sentiment Plummets to 50-Year Low on COVID-19 Fears
The University of Michigan Consumer Sentiment Index plunged month over month, the largest drop in nearly 50 years.
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.
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.