NewsWatch: A decade ago, he predicted that 2020 would be a complete mess — now he says things could get even worse

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MARKETWATCH FRONT PAGE

As the divide between the rich and the poor has only widened during the coronavirus pandemic, Peter Turchin said he believes that tensions “may escalate all the way to a civil war.” See full story.

The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs

For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows. See full story.

‘The dollar is going to fall very, very sharply,’ warns prominent Yale economist

Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. See full story.

Why do so many Americans refuse to wear face masks? Politics is part of it — but only part

‘Americans are rarely up in arms when they see signs that require them to wear shoes or shirts because it is part of our culture’. See full story.

The rise of mom-and-pop investors in the stock market will ‘end in tears,’ warns billionaire Cooperman

Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately “end in tears” for those individual investors. See full story.

MARKETWATCH PERSONAL FINANCE

‘Americans are rarely up in arms when they see signs that require them to wear shoes or shirts because it is part of our culture’. See full story.

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