The Bankrupt Empire

US Forced to Monetize 52% of the $4.7 Trillion in New Debt Since March 2020, Foreigners Took On a Measly 1.7%

The incredibly spiking US national debt has become a "commodity" foreigners no longer have any appetite for

Wolf Richter 19 May 21 695 6

The Chip War

After Blowing $84 Billion on Share Buybacks Since 2011 and Now Woefully Behind, Intel Clamors for $50 Billion in Subsidies for US Chip Industry

China doesn't make its own chips — neither does the US

Wolf Richter 6 May 21 565 2

Bank of Canada Printed 430 Billion $CAN to Fund the Gov’t During Lockdown. So Much It Now Holds 40% (!) of all GoC Bonds

Government debt to Bank of Canada quadrupled from 120 billion $CAN to 550 billion in just a year

Wolf Richter 8 Apr 21 442 4

The Fed Now “Holds” 4X as Much US Bond Debt as China Does

$4.5 trillion in US treasuries has already been monetized, $2 trillion in just the last 12 months

Wolf Richter 19 Feb 21 79 4

2020 Sees Worst US Goods Deficit Ever, Overall Trade Deficit Worst Since 2008

Who doesn't make anything? Nearly one trillion dollars in imported goods not covered by export goods

Wolf Richter 10 Feb 21 545 2

Who Bought the Monstrous $4.2 Trillion Added to the Incredibly Spiking US National Debt in 12 Months? Everyone but China

The share of foreign holders is waning, the Fed "holds" a record amount and share

Wolf Richter 20 Nov 20 1332 2

Lockdown Stone Age

US Fuel Consumption Rises to Where It Had Been in… 1997

8 months later economy still stunted courtesy of the doomsday flu cult

Wolf Richter 4 Nov 20 501 0

7 Months Later There Are Still 23 Million (!) on Unemployment in the US

Since most states only offer benefits for 26 weeks the number will start declining rapidly soon without it meaning people are actually returning to jobs

Wolf Richter 26 Oct 20 531 12

Lockdown Stone Age

400,000 Small Businesses Closed Down in the 3 Months Starting March in the US — More Than Typically in a Year

Wolf Richter 9 Oct 20 464 5

Instead of Fighting the COVID Cult, Airlines Are Lining Up for Free Government Currency

Why we're not seeing a big business rebellion against the Cult-occupied government

Wolf Richter 1 Oct 20 371 3

Lockdown Stone Age

6 Months Later 25 Million Still on Unemployment in the US

Up from just 2 million before the politicaly-mandated shutdown

Wolf Richter 27 Sep 20 326 2

BubblegeddonFinancing the Empire

US Issued $4.5 Trillion (!) in New Debt Over the Past Year. Foreigners Bought Just 9% of That

Little foreign taste for the inflato-dollar. The Fed had to buy nearly half of it outright

Wolf Richter 2 Sep 20 1239 0

The Rich Got Richer During the Lockdown, Fed Bailouts Are Kinder Than Markets

The Fed threw $2.3 trillion at the top 10% to make sure they have no skin in the shutdowns

Wolf Richter 24 Aug 20 454 3

Bubblegeddon

Dollar’s Purchasing Power Drops to Lowest Ever

“We’re not even thinking about thinking about” slowing the decline of the dollar’s purchasing power — and thereby labor’s purchasing power

Wolf Richter 17 Aug 20 1325 7

US Oil & Gas Production Plunges the Most Ever: The Great Bust, Phase 2

Precisely what’s needed to end the price collapse. But last time Fed's easy money surged back into shale, courtesy of Wall Street, starting the cycle all over again and effectively subsidizing world consumption through investor losses

Wolf Richter 8 Aug 20 1013 0

LockdowngeddonStay Classy MSM

Media Continues to Misreport US Jobless Numbers: 32 Million — 20% of the Labor Force — Are on Unemployment

Has been in the neighborhood of 30 million for 9 weeks now — was 2 million before shutdowns

Wolf Richter 24 Jul 20 383 5

US Unemployment Claims Rise by Another 1.4 Million, Hit New Record of 33 Million

What rebound? This keeps getting worse, and worse

Wolf Richter 14 Jul 20 520 0

The Great American Shale Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Price

$262 billion has evaporated so far, $55 billion just this year

Wolf Richter 13 Jul 20 1778 1

BubblegeddonLockdown Stone Age

Continued Unemployment Claims in the US Rise by Another 1 Million, Now at Eye-Watering 31.5 Million

Four months ago this number was 2 million

Wolf Richter 4 Jul 20 1244 0

Lockdown Stone Age

Lockdown Stone Age: Virus Cultists Shrank World Trade 30 Percent

Crime against humanity

Wolf Richter 3 Jul 20 587 0

The Greater Depression

Subtrack the “Giant 5” and the US Stock Market Hasn’t Made Gains Since January 2018

All that monetary fraud and it's still a ride to nowhere

Wolf Richter 29 Jun 20 509 1

BubblegeddonCovid Stone Age

Despite Re-Opening Continued Unemployment Claims in US Rise by 1.3 Million, Now at 30.55 Million

Service industry workers returning but now corporate and public sector lay offs start ⁠— real unemployment at over 20%

Wolf Richter 27 Jun 20 433 3

US National Debt Spiked by $1.5 Trillion in 6 Weeks, to $25 Trillion. Fed Monetized 90%

“Debt out the wazoo" has become a factually accurate technical term

Wolf Richter 8 May 20 547 3

Covid Stone Age

Bone-Chilling Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel

Gasoline down 50%

Wolf Richter 4 May 20 1060 0