In March, the U.S. media’s “leading infectious disease expert,” Dr. Anthony Fauci declared on CBS’s “60 Minutes”: “Right now in the United States, people should not be walking around with masks. There’s no reason to be walking around with a mask. When you’re in the middle of an outbreak, wearing a mask might make people...
Author: support
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SECOND QUARTER WORST FOR GROWTH, JOBS
During this year’s second quarter, the U.S. economy contracted at a projected annual rate not seen even during the Great Depression. The record 9.5-percent drop in productivity equates to annual plunge of 32.9 percent. The cumulative loss during the first six months of this year is 14.75 percent, roughly the rate of economic slump seen...
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HOTEL EMPLOYMENT BLUES
Since American politicians began locking down the nation in March, only 37 percent of hotels have brought back half or more of the full-time workers laid off earlier this year according to the American Hotel & Lodging Association (AHLA). The survey also found that: 87 percent of U.S. hotels laid off workers due to the...
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CONSTRUCTION SPENDING, EMPLOYMENT DWINDLE
U.S. construction spending in June totaled $1.36 trillion, down 0.7 percent from May and the lowest monthly amount this year, according to the Associated General Contractors of America (AGCA). June marked the fourth consecutive month of reduced spending. Construction spending peaked at a record $1.44 trillion in February, but since then has skidded 6 percent,...
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DOLLAR DOWN, EURO UP
Investors are increasingly betting that the dollar will weaken against the euro, according to data from the Commodity Futures Trading Commission. Positions “shorting” the dollar, or poised to make money as the dollar’s value falls, reached $24.7 billion last week, rising for the fourth consecutive week and jumping up from $18.8 billion the week before....
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CORPORATE DEBT BOMB IS TICKING
With interest rates low and going lower over, U.S. businesses are $17 trillion in debt, which accounts for 79 percent of U.S. GDP. As the economic recovery sags and equity markets rattle, we forecast a sharp rise in corporations defaulting on their debts, which will result in more businesses going bust and millions more filling...
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FED HEAD PLAYS COVID CARDS
Repeating the mainstream Presstitute and political mantra, Federal Reserve Chairman Jerome Powell declared last Wednesday that besides pumping in more digital money backed by nothing and printed on nothing to inflate the economy… public vigilance, such as social distancing, is crucial to the speed of the economic recovery. He added that even if millions of...
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HONG KONG: CHINA TOWN 2.0
The Trends Journal has been reporting on the Hong Kong protests in detail since they first broke out in June 2019. As we have reported in recent issues, the new, harsh national security law imposed on Hong Kong on 20 June by China’s National People’s Congress was designed to clamp down on any renewal of...
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GOVERNMENTS’ “CURE” WORSE THAN THE DISEASE
We had forecast this when politicians first locked down nations, and now it’s a fact. Research conducted by Johns Hopkins University, which was released last week but barely got any coverage, shows the global shutdown of economies by governments has created massive suffering to millions of children worldwide. The study specifically points to hunger and...
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SOCIAL MEDIA CONTINUES CENSORSHIP
On 27 July, a video was posted online by “America’s Frontline Doctors,” which the New York Times dismissed as “a group of people… wearing white medical coats… sharing misleading claims about the virus, including that hydroxychloroquine was an effective treatment and that masks did not slow the spread of the virus.” The Times article, with...