Friday, May 29, 2020
Fed Figures Staggering Drop In GDP
"...the Atlanta Fed's closely followed GDPNow tracker confirmed this worst case scenario, when the latest model estimate for real GDP growth in the second quarter of 2020 crashed to -51.2% on May 29, down from -40.4% on May 28, which would be the biggest drop on record."
Thursday, May 28, 2020
Wednesday, May 27, 2020
Dow Soars 553 Points Despite News of Record Decline in Profits
And despite this awful news, stocks soared once again and shrugged off the bad news to reach another high.
I laughed when one commenter at the end of the article said this:
"Who needs an economy when we have central blankity-bankers who can create unlimited "digital dollars" (Powell's term) to artificially boost the stock market bubble via infinite amounts of helicopter money? "
I laughed when one commenter at the end of the article said this:
"Who needs an economy when we have central blankity-bankers who can create unlimited "digital dollars" (Powell's term) to artificially boost the stock market bubble via infinite amounts of helicopter money? "
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