Restaurant Industry Flatlines, Jobless Claims Set For Exponential Spike As COVID Crisis Hits Home In America
Markets showed signs of being pacified (albeit probably temporarily) on Friday, but the pandemic could be entering a perilous new phase, both from a public health perspective and economically.
The World Health Organization is palpably concerned that the virus is infecting people at a much faster clip.
The global case count is above 200,000, and while it took three months to get to 100,000 infections, it took just 12 days for that initial 100,000 to double. More disconcerting still is the fact
I see the labour department doesn’t want the states to quote unemployment figures, just vague generalisations as it may spook the market. They must wait until the “official” figures are printed next week. I wonder why those figures wouldn’t spook the market?
Answer is always the same…..They will beat analyst expectations…….
Meanwhile here in Florida my friend who is a local nurse just told me she and other medical personnel, who are showing symptoms of the virus, still can’t get tested. Officials are still saying our county doesn’t have any confirmed cases, lol.
I guess that should be col, not lol. Crying out loud.
Looking beyond the crisis, what happens on the backside with all the new dollars that have been printed?