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The Sky is falling...

 
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real-human



Joined: 02 Jul 2011
Posts: 10149
Location: on earth

PostPosted: Mon Jun 03, 2019 12:57 pm    Post subject: The Sky is falling... Reply with quote

with the largest debt in the history of mankind done by Trump giving the billionaires a huge non-taxed pay cut and corporations a get out of jail free...

As we can see medical costs are again spiraling, bankruptcies from medical issues going up what Obama inherited and resolved. bankruptcies for the first time since Obamacare are increasing again as of 2019. Peoples buying power has barely increased and people reporting by the masses an increase in their taxes, ie the non-billionaire ones who do physical work.

look at the store closings chart, ya amazon does a lot but not that drastic in a year.


https://www.abi.org/newsroom/bankruptcy-statistics

April 2019 Bankruptcy Statistics- State and District

https://abi-org-corp.s3.amazonaws.com/articles/aacer-apr-2019-nationwide-bankruptcy-filings-by-state-and-jurisdiction.xlsx


https://s3.amazonaws.com/abi-org/Newsroom/Bankruptcy_Statistics/Quarterlynonbusinessfilingsbychapter1994-Present.pdf
https://www.uscourts.gov/news/2018/03/07/just-facts-consumer-bankruptcy-filings-2006-2017

U.S. Chapter 11 Bankruptcies Spike to 7-year High


Highest level since April 2011. It’s not just the Brick & Mortar Meltdown anymore.


Quote:
New Chapter 11 bankruptcies in the US spiked 63% year-over-year in March to 770 filings, the highest number of filings for any month since April 2011 (when there had been 789 filings as companies were still trying to emerge from the Great Recession).

This chart shows Chapter 11 filings back to 2011, based on data from the American Bankruptcy Institute. The last six Marches are marked with red dots. The year-over-year jump of 299 filings in March is the second largest year-over-year jump for any month since the Great Recession. It is behind only the jump of 366 filings last December, which had set a post-recession record. The yellow dots represent the last six Decembers (more on that in a moment):

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real-human



Joined: 02 Jul 2011
Posts: 10149
Location: on earth

PostPosted: Thu Jun 06, 2019 9:38 am    Post subject: Reply with quote

so lets get this straight, the major metric jobs data that we were sold told would be amazing forever when the rich were given a trillion dollars that jobs would be good forever.

Wall St. climbs as weak private jobs data boost rate cut hopes
Reuters
By Sinéad Carew
,Reuters•June 5, 2019
Wall St. climbs as weak private jobs data boost rate cut hopes
Traders work on the floor at the NYSE in New York
More
By Sinéad Carew
Quote:


NEW YORK (Reuters) - Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.

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real-human



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PostPosted: Fri Jun 07, 2019 12:28 pm    Post subject: Reply with quote

Quote:
THE BIG IDEA: The mild-mannered independent senator from Maine, Angus King, got angry as he watched President Trump announce a $16 billion bailout two Thursdays ago to help farmers who are losing money because of the U.S. trade war with China.

A guy from Idaho wearing a “Make Potatoes Great Again” hat stood appreciatively at the president’s side. So did producers of corn, soybeans, wheat and pork. They’re all getting another round of handouts from the Department of Agriculture.

But many of King’s constituents have also been suffering, and they’re getting the shaft from their government. Lobster exports to China, which had been booming for years, have plummeted 84 percent since Beijing imposed retaliatory tariffs last July, according to new data from the Maine International Trade Center. The growing Chinese middle class is eating more lobsters from Canada, which now cost them a quarter to a third less but taste no different.

“We’ve got an industry that’s suffering exactly the same kind of negative effects,” King said in an interview. “Why not lobsters? There’s no logical distinction that I can see. … I’m sure a lot of people in Maine had the same reaction I did watching that press conference: What are we, chopped lobster?”
wpo
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real-human



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PostPosted: Fri Jun 07, 2019 11:08 pm    Post subject: Reply with quote

https://finance.yahoo.com/news/indiana-trucking-company-shut-down-142125525.html

Quote:
Indiana Trucking Company To Shut Down After Insurance Costs Double, Rates Fall
Benzinga
FreightWaves
,Benzinga•June 6, 2019

An Indiana-based trucking company will lay off all its drivers and close its doors for good later this month.

A.L.A. Trucking's 41 drivers and 15 other employees will lose their jobs in the layoff, owner Alan Adams confirmed late Wednesday night.

Adams blamed the company's rising insurance costs for its ultimate demise, noting that insurance rates at the company jumped to more than $700,000 this year from less than $340,000 last year.


https://finance.yahoo.com/news/ibm-cut-1-700-jobs-175636934.html

IBM to Cut 1,700 Jobs as Transformation Continues

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real-human



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PostPosted: Sat Jun 08, 2019 11:18 pm    Post subject: Reply with quote

https://edition.cnn.com/2019/06/07/investing/jobs-report-economy-slowdown-recession-signs/index.html

May's weak jobs report is the latest sign of a US economic slowdown

Quote:
New York (CNN Business)The disappointing May jobs report is just the latest sign that the US economy is running out of gas after a decade-long expansion.

Economists had expressed hope that the labor market would remain solid, despite growing worries about US tariffs imposed on China and Mexico and trade tension with other key partners such as the European Union and Japan.
But Friday's jobs numbers are an undoubtedly troubling sign.

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real-human



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PostPosted: Sun Jun 16, 2019 12:12 am    Post subject: Reply with quote

another metric

https://www.dailykos.com/stories/2019/6/15/1865034/-Corporate-tax-revenue-under-the-GOP-tax-bill-came-in-31-below-predictions-and-it-s-getting-worse


Corporate tax revenue under the GOP tax bill came in 31% below predictions, and it's getting worse

Quote:
The result of both tariffs and the corporate tax cut is just what Republicans have really wanted all along—what was a tax on revenue has been turned into a tax on consumption. That means its impact is felt much less by companies and the wealthy, much more by average families whose income and spending are essentially equal.

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