Politico is out with a piece from former Obama admin top economist Jason Furman.... It has created quite a stir in the twitter universe... Furman essentially says that HE expects the American Economy to come roaring back so strong that Donald Trump will be able to beat Joe … [Read more...] about Jason Furman’s Politico ‘Great Economy recovery’ piece for Trump is wrong….
Business
California Governor ….The state is ‘weeks’ from opening up….
California Governor Newsom is looking to relax virus restrictions for businesses and and hints about opening the states schools by July.... The openings would be phased in.... Not an 'all clear'.... California schools could welcome back students this summer and retail … [Read more...] about California Governor ….The state is ‘weeks’ from opening up….
Jobless numbers continue to rise….
Up to 22 Million in the last 4 weeks.... Even as political leaders wrangle over how and when to restart the American economy, the coronavirus pandemic’s devastation became more evident Thursday with more than 5.2 million workers added to the tally of the unemployed. In the … [Read more...] about Jobless numbers continue to rise….
Monday April 6th Stock Market opens Up, 1,000 points on ‘hope’….
With news that the virus could just be levelling off in some places? Investor's did some buying.... The bullish sentiment was driven by a number of factors: While the White House acknowledged this week could be among the toughest for coronavirus hot spots like New … [Read more...] about Monday April 6th Stock Market opens Up, 1,000 points on ‘hope’….
Surprise!…Stock Market closes with a 700 point gain after Trump extends CDC guidelines….
One could have thought investors would be worried about increased jobless numbers... But I guess with the money tap open for business with the Phase III stimulus law and Congress already talking about M ORE taxpayer money getting thrown at businesses, banks and financial … [Read more...] about Surprise!…Stock Market closes with a 700 point gain after Trump extends CDC guidelines….
Could America have 32% jobless rate in the near future?
Some at the Federal Reserve think so.... Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment … [Read more...] about Could America have 32% jobless rate in the near future?
Stock Market closes Up 1,352….3rd day in row of gains…Stimulus $$$ coming….
Investor's can smell the scent of the green.... And THEY are supply their own brief good news? US stocks rose on Thursday, notching the first three-day rally since February, after the Senate passed a $2 trillion coronavirus stimulus package. The Dow Jones industrial … [Read more...] about Stock Market closes Up 1,352….3rd day in row of gains…Stimulus $$$ coming….
JP Morgan Co…..More Immigrants …Not Less…..
Expect the company to get a tweet for Donald Trump complaining that they are not 'Loyal' to him.... But this view points to the Trump admin's immigration policy as HURTING the US Economy and in that working AGAINST Trump's chance for a second term... Typical Donald … [Read more...] about JP Morgan Co…..More Immigrants …Not Less…..