Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
33.5 Million And Counting.
Another 3.17 million Americans filed for unemployment benefits last week, the latest data out Thursd
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Given our current backdrop where 90% of the US population holds 30% of the wealth of the US, and 10% of the population holds the remaining 70% of the wealth, when you look at both deflationary and inflationary factors, and anticipated additional government fiscal and monetary policy, what does the forward path look like?
Very difficult to put all of this together and chart a forward thesis. However, I think the current estimate of short/intermediate term deflation is massively underestimated.
You still have headlines out there like “Historic rate of layoffs may be slowing…” Too bad main stream media isn’t knowledgeable enough to point out the obvious as H does that this weeks number is still 4x larger than the pre-Covid record. Unfortunately, I still know people who have yet to be able to get through to the unemployment office to file their claim.
What is even more obvious is the more people there are unemployed the less people there are employed…thus the numbers get smaller (diminishing returns) as there is a residual volume that will never be unemployed unless this system comes to a total standstill …Rational thought says this is not compatible with the concept of life on Earth…
Smaller engine powering the freight train/ carrying the load…. sound familiar?