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According to JP Morgan, an estimated 65% – 75% of American workers who are receiving unemployment benefits are making more money in benefits than they did when they were working before the pandemic hit. This is adding a great deal…
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Additional Articles
Home Sales Down, as Expected
Both the stock and bond markets are relatively flat in early market trading,...
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2.438 Million Apply for Unemployment Relief
This morning’s weekly Unemployment Report found 2,438,000 initial jobless claims were filed last...
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Stock Market Rally Stalls
Both mortgage bonds and stocks are relatively flat in early morning trading. Stocks...
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Stocks Moving Sharply Higher, Again…
Stocks are off to the races this morning, in what I believe will...
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Could this Recession Turn into a Depression?
It was reported this morning that another 2,980,000 filed for unemployment benefits in...
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Fed Chairman Speech brings Reality into Perspective
Stocks are getting hammered this morning, as the reality of the dire state...
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More Stimulus Please
We received an update on consumer inflation this morning, with the Consumer Price...
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Goldman Predicts a Strong Drop in Stocks
We finally have an large financial firm that agrees with me. Goldman Sachs...
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The Labor Market Gets Pounded
The Bureau of Labor Statistics (BLS) reported that there were 20,500,000 jobs lost...
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