Jason talks about how despite the headline numbers improving the last few weeks in jobless claims the amount of Americans on continuing jobless claim unemployment is still increasing by over 2.5 million Americans per week.
The Fed’s official balance sheet is also over $7 trillion dollars now. That’s an increase of roughly 87% since QT ended in late August 2019. The Fed’s official balance sheet is up over $3.277 trillion since the end of August 2019.
Cornerstone Macro released research recently that a total combined $20 trillion dollars between global central banks and fiscal spending from governments has been injected into asset markets and economies in only the last few months because of the global pandemic.
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