During today’s podcast we highlight a few new surveys and data releases with respect to small businesses, the PPP loans, unemployment, and delinquencies and foreclosures within the housing market. What is clear is that we are far from being “back to normal,” and quite startling, the economy is likely to get worse before it gets better. Of the small businesses that still remain, nearly 50 percent are at risk of closing for good. This spans all industries, yet those hardest hit early on in this crisis, remain those with the greatest concern for going out of business. The data does not get much better with respect to the PPP loan data that came out from the Small Business Administration. Suffice to say that The Kapital News calling it the Nobody CARES Act remains spot on. And lastly, the news does not get much better when analyzing the housing market with respect to delinquencies and foreclosures. What is also disconcerting is that at the same time of rising delinquencies and foreclosures, we are witnessing rising housing prices. In fact, housing prices have just hit all-time highs. What this suggests, is that when the bottom drops out of the housing market, new and first-time home buyers will be immediately underwater in their mortgages. And if the small business surveys come to fruition, then business closures will bring job losses, which will bring delinquencies and foreclosures. Such economic stress will also continue to weigh on local and state government coffers and services. A downward spiral will ensue and continue until the economy hits bottom. We are in the midst of the greatest depression. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #SmallBusiness #Jobs #USA #EndTheFed #BananaRepublic #Debt #Inflation #Gold #Silver #Liberty #Revolution