WOW, how scary is this…?

US Employment Stalls As Trillion-Dollar Deficits Mount

New tax revenue data released by the Treasury Department on Monday shows that tax revenue further worsened in June (compared year over year) from May’s already cratering total. On the plus side, neither May nor June has returned to April’s historic plunge in revenue.

Is This Why the Fed Wants Inflation to Run Hot?: Debt-Deflation Double-Down

Corporate bankruptcies are set to soar as companies double-down on debt.

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More Stimulus Is Critical, Economic Recovery Further Away Than Markets Think: BlackRock CEO Fink

The U.S. economy is going to take longer to recover from the hit from the coronavirus pandemic than the market expects, and more stimulus is critical, BlackRock Inc Chief Executive Larry Fink said on Wednesday.

Macquarie Sees the Dollar Weakening Ahead of U.S. Presidential Election

Macquarie’s foreign exchange strategist says the currency can sometimes weaken around political events in the U.S., like the 2011 debt crisis or 2016 election.


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