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?
US Economy
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…
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….
Stock Market closes up, 1,049 points with the news that Trump is looking bail companies out…
Trump and Republicans seem to be balking at helping people... But are trying to muscle ANOTHER tax cut and more giveaways to corporation under the guise of helping stabilise things because of the virus ... Remember ? Donald Trump IS a serial liar... You have been … [Read more...] about Stock Market closes up, 1,049 points with the news that Trump is looking bail companies out…
Trump admin forwards a YUGE stimulus bill to stop the countries economic slide…
Donald Trump seems to be combining HIS political future with the countries economic one... The guy has seen the light ... I for one minute do NOT think this is about the country for Trump... I do NOT think this is about the virus... I DO think this IS about Donald … [Read more...] about Trump admin forwards a YUGE stimulus bill to stop the countries economic slide…
An Angry Donald Trump threatens the Fed Chairman’s job…..Update Fed cuts rate by a whole point..
UPDATE.... ...The Federal Reserve took emergency action and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset impact of the coronavirus … [Read more...] about An Angry Donald Trump threatens the Fed Chairman’s job…..Update Fed cuts rate by a whole point..