Business, Economy

“US payrolls plunge 701,000 in March amid the start of a job market collapse”

“Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close… Continue Reading…

Economy, Real Estate

“Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse”

“Real estate investor Tom Barrack said the U.S. commercial-mortgage market is on the brink of collapse and predicted a “domino effect” of catastrophic economic consequences if banks and government don’t take prompt action to keep borrowers from defaulting. Barrack, chairman… Continue Reading…

Investing

“Number of Investors Hedging Against Market Collapse Hits Record Levels”

“As market volatility appears to be reaching extreme levels once again, similar to what we saw toward the end of 2018, a large number of investors worth a collective $588 Billion are now hedging their portfolios. A Bank of America… Continue Reading…