Interesting Article, a quick summary:
Things most of us here are already aware of :
- $500 billion PPP and temporary lay-off play big roles in the new employment numbers
- Many layoffs happening in industries not affected by the pandemic, indicating rippling effect on demand
Other interesting economic events:
- New orders for manufactured goods for May is 31.8 (contraction if <50)
- Congressional Budget Office projects $15.7trillion economic activity will be lost over the next decade (CBO historically had pretty accurate forecast)
- negative supply shock will lead to further demand shortage (supply shock can be alleviated when unemployment benefits continue beyond this summer and reopening starts happening)
- Hillary Clinton leaked emails reason to get rid of Gadaffi
- Stagflation 2023: The Looming Economic Nightmare You Can’t Afford to Ignore
- Deutsche Bank Is On The Brink Of Collapse: Get Prepared For The Next Lehman Brothers Moment
- The US Dollar World Reserve Status is Officially Over
- Satan Has Become One Of The Hottest Spiritual Figures In America
- S686 Patriot Act 2.0 – This is the bill that lets them kick down your door and kill your dog because you are guilty for doubting the Biden regime.
- ‘Unsafe and ineffective’ Pfizer is going to court!
- US Banks are seeing the largest drop in bank deposits since the Great Financial Crisis and a ‘second wave’ is coming
- Shocking Biden hot-mic reveals how handlers program his every move WATCH. Yes, this is 100% real.
- The recession is here, the market crash is next.