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Bad News. US Jobless Claims Have (Basically) Stopped Falling. But Hope Floats In Philly
Weekly jobless claims in the US refuse to play along with the "V-shaped" recovery narrative parroted
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Ha Ha, love the way you closed this one!
Jim Cramer wants to know what part of the V we are on….people are buying cars like crazy and homes, it’s all great!
Larry Kudlow will in a full throated manner call all this Fake News. This an ‘I’ recovery, Straight up.
I do not see “General business conditions” recovering enough to generate net income/positive cash flow. More likely that any projected recovery will only result in a smaller loss.
I think that in order to cover overhead, hire the last group of employees that actually generate net income/positive cash flow and cover an increasing level of debt service, the economy has to achieve far more of a recovery than is being projected.
Total corporate earnings have been decreasing for the past few years- will continue this downward trend until an effective vaccine is in place.
Survey results need to be understood a little better. The question being asked “is it better than last month?” They do not ask is it better than say in January? Of course it is obvious that respondents feel its better than a month ago, with a substantial majority, but that is not a V in the sense that if you asked them is it better than January the survey would be near the lower decile. Does that make sense?
“recovery” is a process. Are we recovering? Yes. Are we recovered? No. Will we recover? Of course we will…The extremes of good and bad never last very long.
Any truth to the words in the article linked. if so the inequality is intensifying.
https://www.dailykos.com/stories/2020/6/17/1953811/-Unemployment-situation-is-improving-for-some-groups-and-not-others-and-you-ll-never-guess-who?detail=emailLL