by Michael Snyder
The Economic Collapse Blog
Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis has caught just about everyone off guard. And even though some states have been attempting to “reopen” their economies in recent days, the job loss tsunami just continues to roll on. Prior to this year, the all-time record for the most new unemployment claims in a single week was 695,000. That record was set all the way back in 1982, and it had survived all the way until 2020. But now we have been absolutely dwarfing that number week after week. On Thursday, we learned that another 2.9 million Americans filed initial claims for unemployment benefits last week, and that brings the grand total for this pandemic to more than 36 million…