Life Under Draconian Lockdown: I Can Barely See the Light at the End of this Long, Dark Tunnel by Nick Corbishley • Apr 29, 2020 • 120 Comments The process of reopening Spain has been dubbed, rather ominously, “Operation New Normality.”
Supermarket Sales Jumped, Alcohol Sales Spiked 33% & Online Grocery Sales 100%, But “Non-Food” Sales Collapsed by Nick Corbishley • Apr 25, 2020 • 141 Comments How the Virus Crisis Flipped UK Retail Sales Upside Down.
How Far Will the U.S. Economy Plunge During Lockdown? by Wolf Richter • Apr 21, 2020 • 387 Comments “Three times deeper than the Great Recession?”
Coronavirus Drives Barrage of New Lobbying Activity by Wolf Richter • Apr 17, 2020 • 136 Comments Follow the Bailout Money.
Week Four of the U.S. Labor Market Collapse by Wolf Richter • Apr 16, 2020 • 196 Comments These layoffs are gut-wrenching and gigantic. But six states reported “fewer layoffs” in some industries – as there are not that many people left to lay off?
Here’s Where Retail Sales Spiked and Collapsed in 11 Mind-Blowing Charts of Lockdown Land by Wolf Richter • Apr 15, 2020 • 165 Comments But department stores will never recover; they were toast before the lockdowns.
“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries by Nick Corbishley • Apr 14, 2020 • 52 Comments Part of the problem is cultural: big banks in the UK don’t like lending to small businesses, especially not at 1.5%.
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling by Nick Corbishley • Apr 13, 2020 • 149 Comments Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away.
COVID-19 vs. the Economy: When is it Time to Reboot? by Wisdom Seeker • Apr 11, 2020 • 352 Comments What’s an Acceptable Risk Level? COVID-19 is already the leading cause of death in the US.
Now in Lockdown, Mexico’s Economy Slides. Banks & Companies Clamor for Bailout. Government Refuses by Nick Corbishley • Apr 9, 2020 • 34 Comments All non-essential activities have been suspended for at least a month. But where are the bailouts?
