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Predictions, Opinions, & Comments

Tips & Strategies To Help Survive This Rocky Economy

What I’m about to say is very important. Due to the current state of world affairs its a horrible idea to be nonchalant or just go with the flow. Getting straight down to business. If you’re in a major city,… Continue Reading…

Economy

“U.S. Economy Will Be in Trouble If Boomers Don’t Come Back to Work”

“Older workers have been one of the reasons job growth has remained so robust during the past few years. From the end of 2016 through February, employment among people between the ages of 25 and 54 increased by 3 million. For workers… Continue Reading…

Economy

“It will be a devastating week for the US economy. There is no playbook — and stimulus must come fast”

“A sudden stop in the economy so severe, Goldman Sachs economists now forecast real GDP growth of negative 9% in the first quarter and down an astonishing 34% in the second. Economists at Goldman Sachs expect the economy to recover mid-year with… Continue Reading…

Economy

“Pandemic-Related Unemployment and Shutdowns Are a Recipe for Social Unrest”

“Around the world, high unemployment and stagnant economic activity tend to lead to social unrest, including demonstrations, strikes, and other forms of potentially violent disruptions. That’s a huge concern as forecasters expect the U.S. unemployment rate in the months to… Continue Reading…

Stocks

“Stocks rise as Wall Street continues last week’s rebound…”

“Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak. The S&P 500 climbed 1.6% while the Nasdaq Composite traded 2.1% higher. The Dow Jones Industrial Average was up 237 points, or 1.1%… Sentiment was… Continue Reading…

Business

Raxxmorz.com Is Growing. Spread The Word.

I want to say thank you to everyone who reads and follows my website. Make sure to subscribe. Also if you like the website please share the link. Raxxmorz.com. I’m also on twitter, Tumblr, and just created accounts for Pinterest,… Continue Reading…

Uncategorized

“U.S. economy deteriorating faster than anticipated as 80 million Americans forced to stay at home”

“The U.S. economy is deteriorating more quickly than was expected just days ago, as extraordinary measures designed to curb the coronavirus keep 84 million Americans penned in their homes and cause the near-total shutdown of most businesses. In a single… Continue Reading…

Economy

“Americans Are Worried About The Coronavirus. They’re Even More Worried About The Economy.”

“Earlier this week, President Trump said he is considering taking steps to roll back restrictions that businesses and state governments have put in place to contain the coronavirus. Citing the economic impact of measures like social distancing, Trump floated Easter Sunday as the date… Continue Reading…

Banking, Economy

“Distressed Debt Balloons to Almost $1 Trillion, Nears 2008 Peak”

“The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across… Continue Reading…

Economy

“3.3 million seek US jobless aid, nearly 5 times earlier high”

“Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus… Layoffs are sure to accelerate as the U.S. economy sinks into a… Continue Reading…