BobBarney

Stocks rise after better-than-expected jobs report to close out winning week

Quote 0 0
BobBarney

DEMS Nitemare!

Record 2.5 Million Jobs Added!

Unemployment Falls to 13.3%

 

TOPSHOT - US President Donald Trump speaks during a 'Evangelicals for Trump' campaign event held at the King Jesus International Ministry on January 03, 2020 in Miami, Florida. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
Quote 0 0
SteveB
Open up this damn economy!
TOTAL JOBLESS CLAIMS 38.6 MILLION...
Quote 0 0
WS
2.98 Million U.S. Weekly Jobless Claims, Higher Than Expected

2.98 Million U.S. Weekly Jobless Claims, Higher Than Expected

Quote 0 0
Larry

More than 20.5 million people lose jobs in April amid pandemic as unemployment rate hits 14.7% - the highest since the Great Depression - and Donald Trump says 'It's totally expected'

Quote 0 0
EdMenti
It's the end of America as we knew it....
Quote 0 0
ThePlainTruth
[image]

Private payrolls drop by 20.2 million; Worst loss in history of ADP report...
Quote 0 0
BobBarney

30 Million Jobs Lost over Virus Crisis

3.84M Unemployment Claims This Week

NEW YORK, NY - APRIL 17: Commuters wear face masks as they exit a subway train on April 17, 2020 in New York City. Following a new order from Governor Andrew Cuomo (D-NY) that New Yorkers must wear face coverings whenever social distancing is not possible, the measure is the …

That brings new unemployment claims, a proxy for layoffs, over the past six weeks to around 30 million.

Quote 0 0
EMAILEDToThePlainTruth

Coronavirus putting world on track for new Great Depression, says WTO

 

Unemployed New Yorkers queue for bread and handouts during the 1930s Great Depression.

 Unemployed New Yorkers queue for bread and handouts during the 1930s Great Depression. Photograph: Bettmann archive

International trade has dried up as a result of the Covid-19 pandemic and could be on course for a collapse as severe as that of the 1930s Great Depression, the World Trade Organization has said.

The Geneva-based WTO, responsible for policing the global trading system, said even the most optimistic scenario for 2020 was that trade would shrink by 13%, a bigger drop than in the 2008-09 recession caused by the banking crisis.

But it warned there was the risk of a much gloomier outcome under which trade would shrivel by 32%, on a par with the reduction seen between 1929 and 1932.

The collapse in global trade during the 1930s was in part due to the protectionist measures imposed by developed countries, and the head of the WTO, Roberto Azevêdo, warned that putting up barriers in response to Covid-19 would make matters worse.

“These numbers are ugly – there is no getting around that. But a rapid, vigorous rebound is possible. Decisions taken now will determine the future shape of the recovery and global growth prospects,” Azevêdo said

 

The Plain Truth!
Quote 0 0
BillB

At least 22MILLION are now out of work due to COVID-19 as another 5.2m claim unemployment - decimating 13.5% of US workforce and 10 years of job growth in just four weeks 

New unemployment claims reach 5.2 million in a week

The coronavirus outbreak has thrown at least 22 million Americans out of work in four week as tough measures to control the coronavirus outbreak continues to ground much of the economy. There were 5.2 million new claims for unemployment benefits filed last week, according to the latest Labor Department figures released on Thursday. The staggering number of first-time claims was on top of the 16.8 million applications filed since the virus took hold in mid-March. It means about 13.5 percent of the workforce have filed for unemployment in four weeks - making it the worst stretch of US job losses on record.  The real number is likely to be even higher because many states are still clearing out backlogs of unemployment claims after lengthy delays due to the influx of people filing online and via the phone.

Quote 0 0
leaningleft
And yet another 3 million this past week!  
Quote 0 0
EdithWatts
JOBLESS CLAIMS 6.6 MILLION
Quote 0 0
SteveB
JOBLESS CLAIMS HIT RECORD 3.3 MILLION
Quote 0 0
BillB

The US commercial mortgage market is on the brink of COLLAPSE because of the coronavirus crisis says real estate billionaire Tom Barrack and the economic 'domino effect' could dwarf the Great Depression

Quote 0 0
BobBarney
20% UNEMPLOYMENT!!!?????   Caused by fake news and a fake crisis

Treasury Secretary Steve Mnuchin 'warns unemployment in the US could hit 20 PERCENT' for the first time since 1935: Coronavirus plunges economy into recession with a fifth of workers already losing wages and fears millions will be laid off in days

[26085594-0-image-a-9_1584471170560]

Treasury Secretary Steven Mnuchin has warned that the US could see an unemployment rate of 20 per cent as the coronavirus plunges the economy into a recession.

Quote 0 0
BobBarney

Stocks Lock Up Again

Markets Battered Worldwide

NEW YORK, NEW YORK - DECEMBER 19: Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City. U.S. stocks fell on Wednesday after the Federal Reserve raised interest …

Stocks around the globe are falling as fears of coronavirus continue to weigh on markets.

Quote 0 0
BobBarney

Stockman: Next Comes The "Turbulent Twenties"

Quote 0 0
BobBarney

Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring

 
Dees Illustration
Michael Snyder, Contributor
Activist Post

You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months.  When the Federal Reserve does more "quantitative easing", it is the financial markets that benefit the most.  The Dow and the S&P 500 this month have both hit levels not seen since 2007, and many analysts are projecting that 2013 will be a banner year for stocks.  But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting?

Of course not. Just because the Federal Reserve has inflated another false stock market bubble with a bunch of funny money does not mean that the U.S. economy is in great shape.  In fact, the truth is that things just keep getting worse for average Americans.  The percentage of working age Americans with a job has fallen from 60.6% to 58.6% while Barack Obama has been president, 40 percent of all American workers are making $20,000 a year or less, median household income has declined for four years in a row, and poverty in the United States is absolutely exploding.  So quantitative easing has definitely not made things better for the middle class.
Quote 0 0
BobBarney

Economic Judgment Day Is Approaching

The current debate about the debt vote is minor league compared with what will happen when the government literally cannot spend more than it is taking in. That time may be nearer than you think.

It is true that the U.S. government can always "print" money to pay its bills, but at some point, printing more money becomes self-defeating because the resulting increase in the government bond interest rate and required interest payment will spiral out of control.

At that point, the government will be forced to operate on a pay-as-you-go basis, as any individual or business is forced to do when they can no longer get credit. Several California cities are now in this situation.


Read Latest Breaking News from Newsmax.com http://www.moneynews.com/Rahn/Economic-Judgment-debt-budget/2013/01/22/id/472474#ixzz2IoOF432w
Urgent: Should Obamacare Be Repealed? Vote Here Now!

Free trade cheats Americans

Mainstream economists have been stuck for years in the notion that any attack on “free trade” is heretical, but finally their dogma is cracking. Even the Washington Post now acknowledges that “trade liberalization” with China is a big reason for the decline of U.S. manufacturing jobs.

Forbes magazine published an article titled “America’s Manufacturing Crisis: Finally Harvard Gets It.” What academics finally “get” is that it is, indeed, a disaster for America to lose our manufacturing base specifically because that causes us to lose our “ability to innovate.”

The theorists held onto their out-of-date free-trade theory despite the loss of millions of outsourced jobs, despite 42,000 U.S. factories permanently closed and despite the loss of high blue-collar wages that could support a family. But our loss of innovation is finally waking them up.

Most people recognize that America’s prosperity and high standard of living depend on our remarkable power and skill of innovation produced by manufacturing. They should read Alexander Hamilton’s great 1791 treatise on the importance of manufacturing.


Quote 0 0
BobBarney
And the loss of America!

Topics Grouped here


How the Global Financial Crisis Will Produce Europe’s 10 Kings
America’s banking crisis will reshape Europe financially—and politically.
Quote 0 0