, with the stimulus bill now headed for the House, which will push to pass it by voice vote Friday morning. House speaker Nancy Pelosi, D-Calif., said the bill will be passed "with strong bipartisan support.", according to the Labor Department — by far a record. That, however, was still lower than the most dire estimates on Wall Street.
will not "run out of ammunition""We judge markets are pricing‑in a short sharp US recession," Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, wrote in a note. "Our fear is the surge in jobless claims – even if the benefits paid will soon be increased – will draw-out the recession longer than markets expect.", which tracks the greenback against a basket of its peers, was last at 99.352 after falling from levels above 100 yesterday.
Increased volatility during green days, in a larger downtrend, imply this is a correction within a bear market. Not a bottom. Corrections are upward in a bear market.
The Fed is operating a pump and dump scheme.
Parallels with 1931 are not a good sign.
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