“It’s called the American dream because you have to be asleep to believe it” – George Carlin

Fed’s Williams: US Still in Very Deep Recession

The United States is still in a “very deep recession,” according to New York Federal Reserve Bank President John Williams said on Wednesday. “We are still in a very deep recession. One …

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Bleak Holiday Ahead for Millions of Americans Seeing Income Drop

About 76 million Americans expect someone in their household to suffer a drop in income over the next few weeks, in a holiday season marked by the pending expiration of government benefits as well as new pandemic-related restrictions…

US: 42% of People Falling Behind as Covid Widens the Wealth Gap, Report Finds

A report on financial security shows a widening divide between the haves and have-nots amid the coronavirus outbreak and economic crisis.

Why Government Stimulus Sometimes Looks like It Revives the Economy

Once an economy falls into an economic slump and the level of unemployment begins to rise most commentators are of the view that it is the duty of the government and the central bank to step in to counter the rise in unemployment.

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