This is what the beginning of the end of everything you know looks like.
To be fair though, no one could have predicted anything like this.
First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday.
Economists surveyed by Dow Jones had been looking for 3.5 million.
Jobless claims for the week ended April 25 came in at the lowest level since March 21 but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history. Claims hit a record 6.87 million for the week of March 28 and have declined each week since then.
Last week’s initially reported figure was revised up by 15,000 to 4.4 million, meaning that the most recent total is a decrease of 603,000.
I hope you’ve all begun to understand where we are.
There is simply no way this could possibly be overstated.
This is the absolute end of an era, and the beginning of a totally new form of human existence.
It perhaps had to be like this.
But it is going to be horrible.
We are now all in a position to rely 100% on the charity and good will of the government in order to keep ourselves housed and fed.
The best we can do is simply hope they find the time to keep us alive.
In time, the whole thing will collapse.
On the other side of this, I hope to meet you all on the road.