I am the math kid. Even before the COVID-19 pandemic became an international crisis, American was carrying nearly $30 billion in debt dating back to before its 2011 bankruptcy and subsequent merger with U.S. Airways. Apply for relief funds. Corporations, mostly seem not to care. For many years, such arrangements were viewed as something that was done in wobbly emerging market economies. 08:30 - Wholesale Inventories (Dec-adv): Expecting 0.0% m/m, Last -0.1% m/m. Follow Real Money's Wall Street Pros to receive real-time investing alerts. Coronavirus could turn back the clock 30 years on global poverty ... Oxfam said a new global economic plan should include the cancellation of $1tn of debt … UK bailout schemes could create coronavirus debt trap, warn banks ... most of which offer interest-free debt for a year before banks start charging, knowing these may only prove a short-term fix. The national debt rose above $26 trillion for the first time this week, as the U.S. government spends at a historic pace while pumping trillions into coronavirus relief. The national-debt clock ticking near Times Square in New York has warned of imminent fiscal Armageddon since 1989. We get no funding from government (and don’t want any), from Big Unions, or Big Foundations. But even the current situation would have been unthinkable not long ago. Some states have temporarily prohibited creditors and debt collectors from taking specific debt collection actions, like filing (or proceeding with) a collection lawsuit, garnishing wages, seizing property, repossessing a vehicle, or freezing a bank account, due to the coronavirus (COVID-19) crisis. Thank you for your cooperation. That's just a fact. This growth came in November. Uh oh. In front of the other... Tuesday morning, the numbers came pouring in, and got off quickly to a questionable start. The man served to ease at least somewhat public concern in the U.S. over the spread of the coronavirus causing so much anguish in China. The $2 trillion CARES Act and the just signed $484 billion coronavirus relief package, along with the economic impact of COVID-19, will drive the Federal deficit and debt to new heights. Coronavirus Is Going To Be Expensive. Debt-to-GDP stood at nearly 80% even before the coronavirus pandemic struck -- a rate more than twice as high as the historical average and double the level before the Great Recession. As the coronavirus outbreak spreads, halting factories from China to Italy, sending stock markets plunging and prompting fears of a worldwide recession, historic levels of corporate debt … “It’s clear that we can probably go where we are going, which is debt ratios above 100 percent in many countries. Go to our Coronavirus hub for the latest information and advice on … 1,645. US National Debt Clock : Real Time U.S. National Debt Clock The national debt is nearly $23.5 trillion. For the year 2019, U.S. GDP stood at an estimated $21.44 trillion. The billboard is on Broadway and West 43rd Street in Manhattan, New York City. While we battle the debt, the real fight is against apathy. But inflation has stayed low, consistently coming in below the 2 percent target set by the Federal Reserve. According to the New York Fed’s quarterly household credit and debt report, household debt in the fourth quarter of 2019 rose 4.4 percent. So far, that hasn’t happened. “This is a 40-year pattern,” said Stephanie Kelton, a professor of economics and public policy at Stony Brook University and a proponent of what’s often called Modern Monetary Theory. 8,672. The rise in the nominal debt burden might be lower, but it will be supported by a smaller and weaker economy than otherwise. 10:30 - Gasoline Stocks (Weekly): Last +1.745M. I know that at times, given that I come from a macro-trading background, that I sometimes see underlying risk from a somewhat different perspective than other traders. 2 Food Stocks Worth Digging Into for Dividend-Hung... SPX (Long-Term View) Our overshoot level @ 3677.... Know where our overshoot levels are as some were t... Walgreens Is a Blend of Old School and New Blood. Include the debt, not just of the Federal government, but also state & local governments, businesses, households, and anyone else who might borrow funds and this number balloons to... wait for it... more than $75.5 trillion. I am simply trying to extract some capital. (These numbers don’t count trillions more the government owes itself in bonds held by the Social Security and Medicare trust funds.). Auto loans rose to $1.3 trillion, while credit card debt rose to a record $930 billion. The clock on the wall is a Chinese brand, Polaris (Beijixing), and gives the station a Chinese ambience. Not up here. Coronavirus. Q1 guidance? FactSet calculates the Market Cap for the basic symbol to include common shares only. The CBO made a ridiculous estimate in my opinion on Tuesday, showing that total U.S. debt could stand at 98% of GDP by the year 2030. The Trump Death Clock started as a website, presented in billboard form in Times Square, displaying a claim to the number of deaths attributable to U.S. President Donald Trump's inaction during the COVID-19 pandemic in the United States. Peterson Institute for International Economics, are associated with lower levels of economic growth. Such situations have repeatedly played out in emerging markets over the years. Earnings and ratings provided by Zacks. By the end of June this year, the national debt in the United States had surpassed the gross domestic product.