JackLuis
Literotica Guru
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- Sep 21, 2008
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As the 170th week of the PeeResidents Mis-Administration opens the economy is in tatters, but yet:
Why the stock market’s ‘very strange’ reaction to the latest news may be as ‘insane’ as it looks
With Millions idled by the sequestering of the populace, but also by the disruption of supply chains the Government can't bring itself to put out Unemployment %ages. Trump was counting on his "Booming Economic numbers" to carry him on to victory, this now looks like impending DOOM for DONNIE DIPSHIT
Box Scores do not look promising as deaths yesterday topped 2,000! Current Numbers:
USA
521,714 Total Cases
+18,838 New Cases
20,064 Deaths so far
Why the stock market’s ‘very strange’ reaction to the latest news may be as ‘insane’ as it looks
The coronavirus pandemic initially brought week after week of devastating drops in the stock market. But in recent days and weeks, Politico reporters Ben White and Renuka Rasayam noted, stock prices have been improving dramatically — even though the health and economic crisis on the ground seems far from over. They called this development “very strange.”
“In the face of some of the worst economic numbers in American history,” White and Rasayam explain, “cratering energy prices and a freshly dysfunctional Congress, investors are sending stock prices higher. To many, this may seem insane. And it quite possibly is insane.”
“There are several reasons Wall Street is defying the terrible economic news,” White and Rasayam assert. “One is bullish talk from the Trump administration about getting the economy running again in May. Another is a general belief that the efforts by Congress to flood the economy with cash will help ensure that, once the doors finally open again, there will be a massive surge in rehiring and a rapid snapback in economic growth.”
With Millions idled by the sequestering of the populace, but also by the disruption of supply chains the Government can't bring itself to put out Unemployment %ages. Trump was counting on his "Booming Economic numbers" to carry him on to victory, this now looks like impending DOOM for DONNIE DIPSHIT
Box Scores do not look promising as deaths yesterday topped 2,000! Current Numbers:
USA
521,714 Total Cases
+18,838 New Cases
20,064 Deaths so far
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