surveyed by Bloomberg and represented the second straight month of job additions during the coronavirus induced recession.JPMORGAN: The coronavirus crisis has decimated one of the safest defenses against stock-market crashes. Here are 4 ways to pivot your portfolio now.
But the data used for the June jobs reported was likely compiled before an alarming number of COVID-19 cases hit states such as Texas, California, Arizona, to name a few. Bostic he was "trying to figure out whether this levelling off is something that is a more sustained pattern, or just a pause.
Bostic said his "biggest concern in this whole period ... is to what extent are business losses permanent, are job losses permanent?" "When the relief was passed initially, there was a thought about how long this was going to last, and as more information has come in, there's reason to suggest this is going to last longer than that," Bostic said.
These fools haven't been right yet
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Fed's Bostic says U.S. recovery may be 'levelling off': FT interviewAtlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states. LOL... recovery? American's are starving. Just eat the rich. Not what Trump wants to hear !!! Not what the stock market Said
Source: Reuters - 🏆 2. / 97 Read more »
European markets seen lower as investors look to economic data and U.S. virus surgeEuropean markets are expected to open slightly lower Tuesday as concerns over the threat to economic recovery of new coronavirus cases in the U.S. temper Monday's rally.
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Dollar in tight range ahead of U.S. services sector dataThe dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic. 😋😋😂😂 I do not care anymore
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Goldman Sachs cuts US GDP estimate, now sees economy shrinking 4.6% in 2020 | Markets InsiderGoldman Sachs economists lowered their third-quarter US GDP growth forecast to 25% from 33% on Saturday, citing weak consumer services spending ... Goldman is literally making simultaneous upside and downside forceasts all at once just to say “we told you” interesting FAKENEWS must be looking at Madow's notes
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Service side of economy roars back in June, ISM shows, but momentum might be hard to sustainRestaurants, dentists and other service-style companies that dominate the U.S. economy saw a surge in growth in June as businesses reopened. 'Let’s not get too complacent, COVID-19 is still a pandemic and a vaccine has not been developed,' one exec said. Employees and customers getting sick is, as it turns out, bad for business. Meaning, there's more growth to come
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Prince Andrew Is Reportedly Feeling “Nervous” About Ghislaine Maxwell’s ArrestPrince Andrew once said that Ghislaine Maxwell was the “key element” in his friendship with Jeffrey Epstein—and now her arrest reportedly has him feeling uneasy. Put him in the Tower. (Maybe reading a little much British historical fiction this week) It’s time to pay the piper, Prince Pedophile. he's one of the scummiest people on the planet
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