Permanent Business Closure Spikes, 55% Of Business Closures Are Permanent & It's About To Get Worse
According to Yelp business closures peaked about 177,000 on April 19 then fell to 132,500 by July 10. Since then the total number of closed businesses declined, the number of permanent closures has surged. According to Yelp, of those 132,500 closed businesses, 72,842 were shut down permanently. That means as of July 10, permanent closures accounted for 55% of all closed businesses since March 1. The data only reflects businesses listed on Yelp’s website but it shows the depths of the economic damage endured by the US economy. The trend is likely to get much worse since there has been an enormous amount of stimulus and yet it has failed to save many of these businesses from failing. The hardest-hit industry has been the restaurant sector followed by the bars and nightclubs and retail establishments. Hotels and Travel have also seen a rash of business closures and the truth is they expect many more restaurants will be closed soon especially those businesses that operate on thin margins since they can't afford to have even a reduction in income. Small businesses are the number one employer in the US and despite all the talk about this V-shaped recovery it's going to be hard to stage any kind of economic recovery when millions of Americans may not have a job to go back to. The other concerning trend is that many of these businesses have closed permanently since things have begun to open again. ... https://www.youtube.com/watch?v=7vd-zvQ4sqo
To avoid getting lost, you have to know how to find your location.
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economic collapse news 2019. Another recession indicator is now flashing... households have begun to shed equities after reaching record highs. Before each of the last major stock market sell-offs household investors stock market exposure reached peaks. The large majority of investors arrive a little too late and show up late also. When these investors arrive that means the fun is almost over. Well that time has past for 2019 . We also see consumer sales have continued to perform poorly. Housing has shown a very concerning trend that is only present during recessions in fact looking at the housing sales on a historical chart reveals something shocking!
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https://www.youtube.com/watch?v=TypceAYFGgM
The Feds GDPNow plummets 10% in one day as the economy is collapsing much worse than previously expected. The collapse in spending helped to push the Feds real-time GDP Tracker to -51.2% for the second quarter which is the worst collapse in history. The feds previous projection was near -40 the day before and The Feds Bullard was warning His prediction id that US GDP will collapse by over 50%, That's so far as we digress the economic data continues to get worse but the GDPNow is a real-time tracker which compiles current economic data and is subject to change. What it really means is the economic collapse is much worse than anyone could've imagined. The Chicago PMI has also collapsed to an 11-year low lead primarily by a collapse in new orders and a decline in order backlogs and hiring for the manufacturing sector in the region. That was the good news. In a new survey conducted by a financial services company named Azlo nearly half of the small businesses think they will have to close their businesses permanently. 47% of the small business owners surveyed said they anticipate shutting down, and 41% said they are looking for full-time work elsewhere. Meaning these small businesses which are responsible for around half of all US jobs are themselves looking for a full-time job. Many small businesses have already shut down and will never open again. The driving factor that ties all of these deteriorating statistics is the worst collapse in spending in history and the sudden switch to saving. There was also a record increase in income due to the transfer payments included in the stimulus checks the was also the larger ever recorded. Spending is responsible for 70% of US GDP so if spending has fallen missing expectations drastically that means there is still room for a further decline in US GDP. A collapse this size cannot be blamed on one single event and it has only been a couple months though many with differing motivations want to convince you off. The main confusion is the lie that we were in the greatest economy ever before this came along, We weren't, we were in the greatest fed induced bubble in history that requires constant inflation by ever-declining interest rates and the feds balance sheet rising (to infinity and beyond) There will be on V-Shaped recovery and considering we just witnessed the weakest expansion in history painted as greatness I'm not sure I'm too excited about their so-called "recoveries".
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https://www.youtube.com/watch?v=hiGww5_oK3g
Economic collapse news.
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China has just done something that hasn't happened on over 30 years they have taken over a failing bank. This problem is much worse than headlines suggest. The problem is exposure to China's Banking Crisis, this will be what take world markets under. We also see The Dow has just suffered it's longest losing streak going back to 2011. Everything is beginning to spiral out of control.
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https://www.youtube.com/watch?v=7lBBzGVL8bY
Blackstone shares are down 39% year-to-date, as two of its funds, Blackstone Real Estate Income Trust (BREIT) and Blackstone Private Credit Fund (BCRED), enforced redemption limits given challenging macro conditions.
With both BREIT and BCRED redemptions capped, we can only envision investment advisors and portfolio managers have become increasingly concerned about whether they can pull money out of the non-tradeable funds. Increased panic by investors to withdraw could weigh on the performance of both funds and or spark liquidity issues.
"Redemption limits, rising rates and softening performance are likely to give investors and advisors pause going forward," Barclays told clients in a recent note. Monthly data shows BREIT's unfulfilled redemptions erupted in November.
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https://www.youtube.com/watch?v=3BRvbkVCdSI
States across the nation have seen tax revenue crushed due to the severity of the 2020 recession. Since the economic collapse began everyone has had to make some cutbacks in spending and many have begun saving to be prepared for further economic uncertainty down the road. This is not true for many states whos pension systems and budgets were already overwhelmed before the start of the recession. The solution being prepared across many states right now is raising taxes. A common theme among many states during budget talks is raising property taxes since the drop in sales tax has been so significant they seem to be focusing on the one tax people can't escape. Some states are planning to raise property taxes as much as 32% which would be a shocking rise all at once for an already cash strapped public. The truth is at a time of record unemployment and a decrease in work hours this may be too much for many to bear, how far is the breaking point?
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https://www.youtube.com/watch?v=kJqs-RZJxiU
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We have a ton of companies that are warning they are about to start raising the price on just about everything. Joseph Carson, the former chief economist at Alliance Bernstein, said, "I never thought the US would experience rampant inflation again, but based on the 1970s price measurement methods, the US experienced double-digit inflation in the past twelve months."
With that being said, there are plenty of companies from Procter & Gamble to Coca-Cola to Campbell Soup Company who have already warned about inflationary pressures and how they are being forced to pass along the costs to consumers.
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https://www.youtube.com/watch?v=6cbuZk_TVaU
Growing microgreens is very easy and it is a vitamin-packed meal in only a 10 X 20 space!
This is where I buy my seeds with $5 Off Coupon http://bit.ly/DiscountSeeds
The varieties we are growing so far are Dunn Peas and Sunflower Sprouts
Sunflower Microgreens are known for providing essential amino acids, crunchy sprouted sunflower greens contain high levels of folate, B complex vitamins and vitamins C, E and selenium. Sunflower sprouts are also a good source of protein.
"The nutritional profile of pea sprouts, especially when freshly harvested, contains vitamins and minerals including folate and Vit. A as well as chlorophyll and about 20% protein. A one cup serving contains about 50% of the daily value for Vit. C, one of the highest next to broccoli sprouts. (*)
The shoots are additionally comprised of flavonoids and polyphenols, specifically lignans and coumestrol, which are recently being studied for their anticarcinogenic and anti-inflammatory activities." Source https://www.superfoodevolution.com/pea-shoots.html
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https://www.youtube.com/watch?v=f5m9lU_JoeI