As recovery approaches full employment … soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on … But in truth neither the boom, nor the debt deflation … and certainly not a recovery can go on forever. John Maynard Keynes Rapid instability occurs because long periods of steady prosperity and investment gains …
US Job Growth as the Stimulus bucks ran OUT
Black Lacy underwear on a PIG, this will not be a report to remember! It sucks. And as the infections increase and vaccines fail and Trump tries to become dictator the biggest market colasp ever will occur! Government hiring helped boost the total, with the growth of 344,000 workers accounting for a quarter of the …
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Trump encourages supporters to try to vote twice, sparking uproar
WASHINGTON (Reuters) – President Donald Trump has urged residents in the critical political battleground of North Carolina to try to vote twice in the Nov. 3 election, once by mail and once in person, igniting a furor for appearing to urge a potential act of voter fraud. “Let them send it in and let them …
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Would the United States military intervene in the election results?
There are chilling moments in this presidency that tell us everything we need to know, but they are somehow lost in the fog. One occurred just a few days ago, when General Mark Milley, the chairman of the Joint Chiefs of Staff, had to reaffirm for Congress that there would be no role for the …
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Dow continues its slide, drops 750 points
The Dow Jones Industrial Average index dropped over 750 points on Thursday as the stock market selloff continued. Tech companies pulled all three major Wall Street indexes down, with Apple, Microsoft, Tesla, Nvidia, AMD and Zoom all losing over 5%. Stocks tumbled just one day after hitting a record high. The Nasdaq had climbed above …
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A Bankruptcy Wave For The U.S. Economy
The coronavirus pandemic is bringing on a wave of bankruptcies in 2020. And it’s not just the retail sector that’s suffering. Automotive, aviation, telecom, and oil and gas companies are all feeling the pain as consumer demand dries up. Despite the billions of government support and loans, it might be too late for a lot …
Doctors at war with Trump administration
A fierce debate has erupted over whether the Food and Drug Administration should use its emergency authority to clear a coronavirus vaccine before it is formally approved — a move opponents warn could pose safety dangers and inflame anti-vaccination sentiment but others say could save thousands of lives by speeding protection from the virus. With …
Crude declines as coronavirus worries persist
Oil prices has fallen for 2 days on oversupply concerns as OPEC and its allies wind back production cuts and a rise in worldwide COVID19 cases points to a slower pickup in fuel demand. MELBOURNE (Reuters) – Oil prices were little changed in early trade on Thursday, sitting near multi-week lows hit overnight on worries …
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Oil drops 2%, reversing course as U.S. gasoline demand slumps
NEW YORK (Reuters) – Oil fell more than 2% on Wednesday, reversing early gains after a report showed gasoline demand fell in the United States in the latest week. Futures prices turned negative after weekly government data from showed lower gasoline demand from a week earlier, prompting traders to shrug off bullish U.S. crude inventory …
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CDC wants states ready for vaccine distribution by Oct – report
https://youtu.be/2OT44xfBA7Y The U.S. Centers for Disease Control and Prevention has told states to prepare for a Covid-19 vaccine to be ready by Nov. 1 and asked them to remove obstacles that would prevent distribution sites from opening. The date suggests the federal government anticipates a vaccine will become available just days before President Donald Trump …
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