07-22-2020, 10:40 AM
I'll echo the caution against ZeroHedge. They were even banned from Twitter for a bit, weren't they? Takes a lot to cross that threshold.
Anyway, I agree that the real unemployment figures are much higher than what the BLS have been publishing since six months ago. The economic fundamentals are very shaky, and I gather the administration is more focused on the stock market performance than shoring up the real economy.
Heck, Ted Cruz was quoted as being already opposed to the new stimulus bill McConnell is preparing. GOP infighting over a bill to save the economy is not a good sign right now.
Anyway, I agree that the real unemployment figures are much higher than what the BLS have been publishing since six months ago. The economic fundamentals are very shaky, and I gather the administration is more focused on the stock market performance than shoring up the real economy.
Heck, Ted Cruz was quoted as being already opposed to the new stimulus bill McConnell is preparing. GOP infighting over a bill to save the economy is not a good sign right now.