The bean counters are selling that people did find jobs out of one side of their mouthes... But? On the other side? Thge number of people actually working is LESS... In fact? Jobless benefits application's HAS risen..... The Recession seems to be taking a hold … [Read more...] about The number of people working has shrunk….
Recession
House mortgage rates go UP……
Well? Ya raise the interest rates to starve off inflation and the housing marget IS gonna catch a cold... The Commerical Housing market has already take a Covid hit... One would assume car loans and credit card interst rates will climb.... The world has turned upside … [Read more...] about House mortgage rates go UP……
New York City commercial tenants slow or stop paying rents…
New York City works because it has tall building that hold a lot of people and companies ... When the people can't go to work in those building? The companies don't make the money they usually bring in... That means the companies don't pay rent .... If they don't pay … [Read more...] about New York City commercial tenants slow or stop paying rents…
Donald Trump…America’s Problems ain’t my fault….
Poor Donald.... For his last 3 1/2 years he's been doing his sidewalk act in front the media... He claims anything good was because he did it.... And anything bad is because he wasn't there... Now that America IS trying to climb out the worst health and economic hole … [Read more...] about Donald Trump…America’s Problems ain’t my fault….
Lay-Off’s strain the State Unemployment systems…
More people are being told to stay home because of the virus.... More people are not getting paid.... More are trying to get jobless pay... Some will get one time checks for $1,200, any will not... State's are having issues with application';s and will have trouble … [Read more...] about Lay-Off’s strain the State Unemployment systems…
Senate Republican’s balk at government $1,200 checks for individuals….
I assume this WILL be done since Trump IS behind it.... $1,200 to all making below $75,000 a year.... Who gets checks? Up to IRS lists? President Trump’s signature proposal to send $1,200 direct payments to the public received pointed pushback from senior Senate … [Read more...] about Senate Republican’s balk at government $1,200 checks for individuals….
Jobless reports/claims go thru the Roof…….Just for One Week….
The virus HAS stopped the American economy in it's tracks... And there is gonna be even more of this as the weeks go by and more businesses close down... As in China? At some point the virus will decline... And will have left a batter and wounded American and World … [Read more...] about Jobless reports/claims go thru the Roof…….Just for One Week….
US Budget deficit climbs to almost the last recession level….
President Obama left with the deficit and the countries debt around $500 Billion..... With Trump0 and the Republicans cutting income thru the 2017 tax cut and two years of budget increases with their then majority congress the gap in spending vs revenue has widen by almost … [Read more...] about US Budget deficit climbs to almost the last recession level….