In five weeks, the economy has lost a staggering and unfathomable 26.5 million jobs, more jobs that have been created since 2001. The jobless claims suggest the unemployment rate is close to 20%, double the
...Government is stating they are listening to the experts as to determine when the economy will reopen. In my view the experts have been completely wrong. The experts—aka the March 12
...The Administration is working on a plan to make money available to the oil industry to prevent the loss of jobs and to protect a core interest of the US. As noted many times, the industry employees over 10 million workers and contains about
...Perhaps the greatest question of several generations is when the economy will reopen. To write the obvious the longer it remains shuttered, the greater damage.
...Equities led by energy advanced Friday. The catalyst was the planned reopening of the economy and perhaps a pharmaceutical approach to conquer the virus.
...Weekly jobless claims were lower than anticipated…5.24 million versus the estimate of 5.5 million. Moreover, much to the surprise of many, last week’s claims number of 6.6 million had
...The stark economic reality of the government induced shutdown is now showing up in the data. Retail sales and factory output posted historic declines in March. Specifically, overall retail sales fell 8.7% from the prior month, the biggest
...It is widely accepted government shuttered the economy and society, creating the greatest economic contraction in almost a century, a shutdown that relied upon experts who made statements based
...There is “cautious optimism” that parts of the economy can reopen by May as the US is stabilizing as per the CDC. Moreover, there are over 70 vaccines in progress with three being tested in human trials.
...Approximately 17 million jobs have been lost via the government mandated shutdown of the economy and society. There is a distinct probability by Thursday more jobs would be lost in the last four weeks than created since 2001.
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