News Archives

: Category: News Archives; Created: 21 May 2020; Hits: 510

The Federal Reserve is not just a counterfeiter, it is also the enabler of counterfeiters. The result is everyone is sinking deeper into debt.

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: Category: News Archives; Created: 21 May 2020; Hits: 447

The Class of 2020 started its senior year in a boom time, with the national unemployment rate at a near-record low of 3.7%. But in the bust driven by the coronavirus, 4 million new graduates are now entering the worst jobs market since the Great Depression.

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: Category: News Archives; Created: 21 May 2020; Hits: 529

May 21, 20 by John Jeffay

Total sales of watches and jewelry in the USA plunged in March, compared with same month last year, down by 27.2 per cent. It is an unprecedented fall, driven by unprecedented events. The effects of the COVID-19 pandemic were reflected to some extent in February's year-on-year figure, which saw a slowdown, but still some positive growth (up 3.4 per cent).

The disastrous figure for March is the result of unofficial stay-at-homes in the first half of the month, followed by most states imposing lockdowns, travel restrictions and store closures by the third week of the month. In the two years before coronavirus, by comparison, months of negative growth have been rare, and never more than 1.8 per cent.

Newly-released Department of Commerce revisions show January's actual sales figures slightly higher (based on dollars through the cash register rather than sampling estimates) and February's slightly lower.

IDEX Online members click here ^[1] to read the full report. ...

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: Category: News Archives; Created: 20 May 2020; Hits: 475

The U.S. budget deficit is expected to swell to more than $3 trillion this year, as the government spends on stimulus to fight the impact of the coronavirus.

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: Category: News Archives; Created: 20 May 2020; Hits: 513

The World Bank named Harvard University professor Carmen Reinhart as its chief economist, tapping an expert in the history of debt & financial crises as the global economy suffers its deepest downturn since the Great Depression.

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Diamond News Archives

The Federal Counterfeiter

Class of 2020 Entering Worst Job Market Since Great Depression

US Watch and Jewelry Sales Plunge 27.2 per cent

New 20 Year Bond Out as U.S. Moves to Extend Time to Pay Debt

Harvard’s Carmen Reinhart Named World Bank Chief Economist