A little sign of “stalling”
US weekly economic index pic.twitter.com/NsOwxsPB4C
— Alessio Urban (@AlessioUrban) July 26, 2020
The System is Shattered.
Prices of things became Meaningless long ago.
Watching the daily “ticks” misses the entire picture.
Violence in the Streets.
Despair at Home.
Systemic Risk has Risen.
— Paranoid Bull (@paranoidbull) July 26, 2020
Nearly 12 million renters could be served with eviction notices in the next four months. And in some cities, like New York and Houston, more than a fifth of renters say they have “no confidence” in their ability to pay next month.
In the first week of July, nearly 1.5 million Americans were receiving unemployment benefits from the little-known Pandemic Emergency Unemployment Compensation and Short-Term Compensation programs.