Jobless claims surged by 6.64 million, vastly exceeding the 3.6 million estimate. In two weeks, the economy has lost over 10 million jobs, eclipsing the approximate 8.6 million jobs lost in the first seven months of the Great Recession. More are
...The headlines are absolutely apocalyptic, drowning out the more rational comments. NJ announced yesterday the rate of virus increases is diminishing. NY commented the percentage rise in infections is slowing. Italy, the world’s
...How long will it take before most begin questioning the government’s draconian action of shutting down the economy and society? Is the economic/societal nuclear carpet bombing worth it? The headlines
...All markets surged yesterday on the tentative passage of the stimulus. As I have stated, I am wondering whether the cost is worse than the disease. As noted yesterday, the global economic cost is around $120 trillion.
...Today there is a mass government imposed shut down of business activity and of society. This shutdown if it lasts too long will erode future living standards and may end up
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