"It's called the American dream because you have to be asleep to believe it" – George Carlin pic.twitter.com/QWDZUnXzua
— Sven Henrich (@NorthmanTrader) November 30, 2020
Eight months in, the Main Street Lending Program has pushed less than $6 billion to U.S. midsize businesses t.co/CXPSTxQTDd
— Bloomberg Asia (@BloombergAsia) November 30, 2020
MAIN STREET HEALTH pic.twitter.com/woWKLmOVFA
— Win Smart, CFA (@WinfieldSmart) December 2, 2020
@wolfofwolfst made a few very telling charts on the current state of the Housing Market pic.twitter.com/b56w83qdqV
— Dmitry Braverman 🎈 (@DmitriBraverman) December 1, 2020
1. Stocks: all-time highs.
2. Housing prices: all-time highs.
3. Corporate bond yields: all-time lows.
4. Mortgage rates: all-time lows.
5. Jerome Powell: the outlook is "extraordinarily uncertain." We need many more years of 0% interest rates and QE to stimulate the markets.— Charlie Bilello (@charliebilello) December 1, 2020
48% OF SMALL BUSINESS MAY CLOSE pic.twitter.com/GbMhErt35R
— Win Smart, CFA (@WinfieldSmart) December 2, 2020
The rich get richer
I'm shocked 😲 pic.twitter.com/LGJLlnMtWG
— Win Smart, CFA (@WinfieldSmart) December 2, 2020
Business closings accelerating pic.twitter.com/3yoRM4s6Gy
— Win Smart, CFA (@WinfieldSmart) December 2, 2020
22 million jobs have been lost (so far) to covid. Moody's now estimates we won't fully recover that loss until 2024 (assuming no surprises from here). My sympathy goes out to those affected. How are those millions of households planning to make it through the next few years?
— Adam Taggart (@menlobear) December 2, 2020
Fed’s Williams: US Still in Very Deep Recession
The United States is still in a “very deep recession,” according to New York Federal Reserve Bank President John Williams said on Wednesday. “We are still in a very deep recession. One …
Bleak Holiday Ahead for Millions of Americans Seeing Income Drop
About 76 million Americans expect someone in their household to suffer a drop in income over the next few weeks, in a holiday season marked by the pending expiration of government benefits as well as new pandemic-related restrictions…
US: 42% of People Falling Behind as Covid Widens the Wealth Gap, Report Finds
A report on financial security shows a widening divide between the haves and have-nots amid the coronavirus outbreak and economic crisis.
Why Government Stimulus Sometimes Looks like It Revives the Economy
Once an economy falls into an economic slump and the level of unemployment begins to rise most commentators are of the view that it is the duty of the government and the central bank to step in to counter the rise in unemployment.