Initial claims for unemployment dropped below 700,000 for the first time since the Pandemic began. While Corporate Profits surprisingly fell by more than 3%. Both reported after this article was written.Read more
A time to celebrate the coming of warmer weather and spring flowers. But not on Wall Street.Read more
Florida is a particularly pertinent example. Florida has remained open during the entire pandemic, and currently has an unemployment rate below 5%. That's about half of California's Unemployment Rate.Read more
Yesterday, President Trump signed into law the latest Appropriations Bill. And although Congress is still working out just how much of a Sugar-High this legislation will work out to be. Will it be a $600 dollar check for every tax payer, or a $2000 check? The point is that this “Stimulus” in fact does not cure our economic wounds. The fact remains that on Thursday another 3/4er's million workers will likely apply for unemployment insurance, as they will have joined the 20 plus million who have lost their jobs. Small businesses across the country will continue to shutter their shops, for the last time. And up to half of all independent restaurants across the nation, will serve their last meal.Read more
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