marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
depression
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
12/13/2022
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By Ethan Huff
Recession unlike any other is imminent, says BlackRock: “what worked in the past won’t work now”
The world’s largest asset manager is warning that a recession is now an inevitability and that the tools utilized in the past will not work this time to save the economy. Central banks, says BlackRock, will not be able to support the markets and prop them up like happened in 2008 and previously. This time, […]
12/08/2022
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By Ethan Huff
Housing recession has arrived: 270,000 mortgages obtained in 2022 already underwater
The Housing Market Index (HMI) reached its lowest level in a decade this week, which serves as more proof that the United States is already in a recession. A major metric that gauges the outlook for home sales, the HMI declined in November to 33, based on a 100-point scale. Other than a similar dip […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
11/11/2022
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By Belle Carter
Meta’s Mark Zuckerberg fires more than 11K employees, takes blame for overestimating company’s growth prospects
Meta CEO Mark Zuckerberg announced that the tech giant would lay off more than 11,000 workers, equivalent to 13 percent of the company’s total workforce. The tech bigwig elaborated on the layoffs in a Nov. 9 blog post addressed to employees, taking the blame for overestimating the company’s growth prospects and overextending investments. “I want […]
10/19/2022
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By Ethan Huff
Recession or DEPRESSION? Check out how many American companies are laying off employees this year
Listening to the rhetoric of the Biden regime and its Operation Mockingbird media press-titutes, one might be led to the false belief that the American economy is doing just fine. The truth, however, is that companies everywhere are laying off people by the many thousands. The following are some of the biggest and most well-known […]
09/01/2022
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By Ethan Huff
Recession or DEPRESSION? The number of Americans taking out loans just to buy groceries has DOUBLED this year
The “buy now, pay later” (BNPL) option that you often see on checkout screens when making an online purchase is more popular than ever before, thanks to the failing economy. As prices rise and hyperinflation rears its ugly head, increasingly more consumers are opting for these short-term loans when eating out at restaurants or even […]
08/25/2022
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By News Editors
Yes, America is tearing itself apart: The masses do not want to understand economics and they will pay dearly for that ignorance in the coming days
Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness. (Article by Henry D. republished from TheLostSense.Blogspot.com) I believe we are headed for […]
07/31/2022
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By Arsenio Toledo
Initial unemployment claims remain high as recession fears affect labor market
Unemployment claims for the fourth week of July fell slightly, but remain higher than expected, indicating that employers remain hesitant to fill their vacancies due to fears of a recession. According to a report released by the Department of Labor, the seasonally adjusted initial unemployment claims for the week ending July 23 was 256,000. This is […]
07/31/2022
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By News Editors
Bill Clinton sets the record straight on definition of recession
While this week’s Q2 GDP data confirmed that the United States is now in a recession (as traditionally defined – for decades – as two consecutive quarters of negative GDP growth), the Biden administration, in cooperation with its media lapdogs – and even the ‘unbiased’ lads at Wikipedia, has been furiously peddling a Sith mind trick that “this […]
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