A whole LOT of America stayed home.... (A lot are still close to home) For six weeks people only brought food and paper goods mostly.... Retail stores where closed and most only operated on line.... Small business , which the IS most of the American economy, closed … [Read more...] about American Retail sales drop almost 20%…..
US Economy
US jobless at 20.5 million…Unemployment at 14.7% of the population….
The affect of the virus on the America workforce is the worst since the 1930's Great Depression.... The virus has hit America harder and longer then any other county so far... It is gonna take a while for jobs to come back and some of those jobs are not coming back as … [Read more...] about US jobless at 20.5 million…Unemployment at 14.7% of the population….
U.S. retail sales drop 8.7% in March…The country drops into a Recession…
People where at home... People where laid off and lost their jobs... Businesses closed... Lot's of people lost their pay checks... The America economy is in a tailspin... And some feel could shrink by up to 40% depending on how long virus restrictions are in effect … [Read more...] about U.S. retail sales drop 8.7% in March…The country drops into a Recession…
Stock Market end’s March 2020 down 410 points…Lowest in 1st Qtr Ever…
So much for the rally yesterday.... The American economy IS taking a dive from a virus and false hopes from an American President.... Throwing money as some companies isn't enough right now... People are losing their jobs and pay checks ... The Dow closed down … [Read more...] about Stock Market end’s March 2020 down 410 points…Lowest in 1st Qtr Ever…
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?
House and Senate lawmakers think a deal is possible on stimulus bill tonight…There will be more….
House and Senate leaders have been working to finish up the Phase III Congressional stimulus/bailout bill all day, hinting that an agreement is hours away.... In addition? House Speaker Pelosi has reported that there will be more legislation coming to try pull the countries … [Read more...] about House and Senate lawmakers think a deal is possible on stimulus bill tonight…There will be more….
Trump is leaning towards lifting social distancing rules in the near future ….
This is NOT a surprise.... The American economy IS a free fall... The media IS running 'hair on fire' reports every minute day and night.... People and the World IS scared.... But at some point? A cratered economy WLL keep going of the tracks and the virus WILL … [Read more...] about Trump is leaning towards lifting social distancing rules in the near future ….
Caronavirus….The Cure Might Be No Cure at All for some…
A very different point of view... That question's the overall response to the Caronavirus from ALL parties... And how the response may play out in the short and long run as the economic squeeze on the country intensifies and hard choice have to be made... Holman … [Read more...] about Caronavirus….The Cure Might Be No Cure at All for some…