Epic Market Bubble

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Feature Article by Stephen Lendman
Epic Market Bubble

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

These are unprecedented times — for ill, not good, for most people in the US and elsewhere.

On January 4, the Economic Collapse Blog (ECB) reported the following:

The US "restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen before."

According to Bloomberg News, over 110,000 US restaurants permanently shut down for lack of enough customers and revenue to keep operating.

ECB quoted the National Restaurant Association, saying:

The industry is in "economic free fall."

"Thirty-seven percent of operators say it is unlikely their restaurant will still be in business six months from now if there are no additional government relief packages…"

If widespread US lockdowns are ordered ahead, perhaps another 110,000 restaurants will disappear.

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