५ जून, २०२०

Fantastic! "U.S. jobless rate unexpectedly declined to 13.3% in May."

Headline on the front page of The Washington Post. The article is "Unemployment rate drops to 13 percent, as the economy picked up jobs as states reopened/There are hopes that April’s unemployment rate of 14.7 percent will reflect a bottoming out of the economy. With some 30 million workers collecting unemployment benefits, the labor market has been upended."

The NYT article is "Unemployment in U.S. Unexpectedly Fell in May/Hiring rebounded in May, defying expectations, with 2.5 million jobs added, the Labor Department said": "Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April."

AND: "Dow futures up more than 500 points after jobs report shows surprise jump in payrolls" (MarketWatch).

ADDED: Trump on March 23:



"And you will see the economy skyrocket once this is over. I think it's going to skyrocket. It's a pent-up demand. It's a built-up demand. And I guess you really have to say: Who knows? But I think it's going to be a tremendous day when we win...."

९३ टिप्पण्या:

n.n म्हणाले...

Still a risk, a burden, but manageable, as the virus's viability progresses, Americans return to life. Prudent and bold.

Hari म्हणाले...

Another day, another bad model exposed.

chuck म्हणाले...

Don't give up hope, economists. There is still time for an earthquake, super volcano eruption, or meteor strike.

I'm Not Sure म्हणाले...

The NYT article is "Unemployment in U.S. Unexpectedly Fell in May/Hiring rebounded in May, defying expectations, with 2.5 million jobs added, the Labor Department said"

How disappointed they must be.

Sebastian म्हणाले...

Excellent.

If the V exceeds my expectations, I will humbly acknowledge that I underestimated the strength and resilience of the Trump economy.

But what will WuFlu + riots do to blue public finance?

Andrew म्हणाले...

Not only this, but the virus has disappeared. Just like Trump predicted.

TreeJoe म्हणाले...

"Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April."

I watch jobs reports pretty carefully and just want to say: economists predictions are complete bullshit. They literally don't know what's actually going to happen with ANY degree of consistency month to month. When I think about day to day "science" I look at the forecasting of economists and meteorologists and just say: If you can't admit you can't model a week or a month out with high confidence, don't pretend.

What this is saying is that economists couldn't detect a swing of 5+ million jobs WHILE IT WAS HAPPENING prior to a jobs report coming out with actual data. They have no actual "on the ground" measurement tools.

Meaningless tripe.

JAORE म्हणाले...

Dammit, Joe, don't panic. We'll get those numbers down for you if we have to burn every city in America to do it.

Dear corrupt left, go F yourselves म्हणाले...

good news for Americans is bad news for democrats, Antifa sociopath terrorists and the hack press.

WisRich म्हणाले...

Much welcomed news. Let's keep it going.

rehajm म्हणाले...

Before the end of the month many furloughed service workers went back to work in places where they were allowed to go back to work...

Rory म्हणाले...

Pelosi just shit her pants. Biden, too, but that's every day.

J. D. Canals म्हणाले...

Unexpectedly??? Eh, anyone in business knows that there has been a serious uptick in the last 2 weeks.

CJinPA म्हणाले...

The NYT headline was a bit much: "Proletariat Forced to Again Toil for Bourgeoisie"

wendybar म्हणाले...

And the Progressive Majors and Governors (I live in NJ, he just put another 30 days in quarantine, even thought their are rioters running wild...) will ramp up their calls to defund the police, release more criminals from prisons, and arrest innocent people trying to open up their businesses...all the while there were thousands at the funeral of George Lloyd, while we can't bury our parents The whole thing is bullshit. The Progressives aren't very progressive. They turned back the clock 50 years. Are you sick of it yet??

Todd म्हणाले...

The NYT article is "Unemployment in U.S. Unexpectedly Fell in May/Hiring rebounded in May, defying expectations, with 2.5 million jobs added, the Labor Department said"

I am quite sure that for the NYT the falling unemployment rate is quite unexpected! They have done all they can to keep it from doing that and expected it to not do that!

They should have included "Dem politicians and media hardest hit!"

Crimso म्हणाले...

So if unemployment dramatically declines over the next few months (with record or near-record declines), then all the geniuses using the rapid collapse of the economy to blame Trump over the past couple of months will now have to credit him. Right?

Mike (MJB Wolf) म्हणाले...

Light more fires! Burn more Wal-Marts! Make more wild claims (without evidence of course) that far right weasels are secretly starting the riots! Defund police so we can create even more food deserts!

Josephbleau म्हणाले...

From Jazz Shaw,

“This is what came of the “protesting” that was, at least in these neighborhoods, little more than a thinly disguised excuse to loot every business, smash every window and engage in anarchy while literally setting the world on fire. And what did it get them? As one resident interviewed for this report sadly noted, they’ve managed to further drive down their property values and “embarrass themselves.”“

As predicted on this blog.

GatorNavy म्हणाले...

Always the the word unexpectedly from WP, AP, NYT. It is such an overused word, comparably to pounce, as in, “Republicans pounce”.

Oh Yea म्हणाले...

Nancy calls for Antifa reinforcements for this weekend. Must not let economy to improve before elections.

Wince म्हणाले...

What the Democrats and their storm troops in the streets hoped for was to spread despair not only inside the cities they control, but psychologically outside of those cities as well.

But with the rest of the nation moving on economically, what they control are deficit-plagued, crime-ridden, smoking ruins.

And their hopes for a federal bailout of their Blue State profligacy in the form of federal stimulus is dying before their eyes, replaced with a populist tax cut. Tell me again how Pelosi is a political genius.

Trump’s virus payroll tax cut ‘crushes’ Pelosi plan to aid illegal immigrants

In the battle over another coronavirus stimulus, President Trump’s push for a payroll tax cut easily tops House Speaker Nancy Pelosi’s $3 trillion package that includes giving illegal immigrants amnesty and healthcare, according to the latest McLaughlin & Associates survey.

Pollster John McLaughlin told Secrets that the Trump plan “crushes” the Pelosi package approved by the House but now being ignored by Senate Majority Leader Mitch McConnell.

Bob Smith म्हणाले...

Look on the bright side. A whole bunch of people had to relearn spelling “unexpectedly”. While I’m at it Tuck Frump.

Original Mike म्हणाले...

Given my age and the market highs, I took some money out of stocks in December. Wanted to take a second tranche out in February before going on vacation, but didn't get around to it. Starting to look like I can do it soon.

Original Mike म्हणाले...

TreeJoe said…"I look at the forecasting of economists and meteorologists and just say: If you can't admit you can't model a week or a month out with high confidence, don't pretend."

Amen.

Paul म्हणाले...

And I have money in the stockmarket.. I bought low... and one day I will sell high!!

MAGA!!

dbp म्हणाले...

Style guide for usage of "unexpectedly".

1. To be used when economic news is good and the president is a Republican.
2. To be used when economic news is bad and he president is a Democrat.
3. Other theoretical possibilities exist and "as expected" is to be used in these rare occasions.

Rusty म्हणाले...

The geniuses' of the violent left, I'm looking at you usual suspects, looted and torched a bodega in a mixed neighborhood in Aurora, Il.. The store served a neighborhood where a lot of the residents are older and don't drive.
Way to go lefties.

Gahrie म्हणाले...

Unexpected by whom? I predicted it here months ago. The economy will be back to where it was in January by the election. (Unless of course the Left finds some other way to disrupt it)

DanTheMan म्हणाले...

Susan Rice will be on CNN soon explaining how this economic news is really a Russian plot.

AZ Bob म्हणाले...
ही टिप्पणी लेखकाना हलविली आहे.
Dear corrupt left, go F yourselves म्हणाले...

The FILM ANTIFA PROJECT.


Everyone needs to film Antifa. Light water on a witch. The mask wearing cowards do their dirty work while the media wink and turn their backs.

Film Antifa.
Turn it all over to the FBI.

tcrosse म्हणाले...

Plywood futures are through the roof.

wild chicken म्हणाले...

Haha March 23. I bought that dip.

MAGA

Michael K म्हणाले...

But what will WuFlu + riots do to blue public finance?

Bankrupt blue cities and states.

JAORE म्हणाले...

all the geniuses using the rapid collapse of the economy to blame Trump over the past couple of months will now have to credit him. Right?

Sure. I guess I missed how Trump was credited by the 2% new normal dopes. Just like the Russian collusion dopes. Or the War With Korea dopes. Or the [fill in the multiple blank] dopes.

JAORE म्हणाले...

"I look at the forecasting of economists and meteorologists and just say: If you can't admit you can't model a week or a month out with high confidence, don't pretend."

Well, sure rain fall predictions a week out is impossibly hard.

But tenths of a degree temperature changes in a century ... piece of cake.

Howard म्हणाले...

Just a week ago you people were bleeting and screaming and crying and whining like a bunch of big fat ass lazy babies about how the economy is never going to recover this is the greatest tragedy in the history of the United States yada yada yada all because you don't want to wear masks. Now it turns out things aren't as bad as you people thought and now you're claiming credit for it nice move. Anything is possible when you worship the Antichrist

Francisco D म्हणाले...

The Dow Jones is up to over 27K. Here is why:

1. The Trump 11/2016 rally continues despite ChiComms, the Deep State and Lefty insurrectionists OR

2. The market is broken, according to CNN.

Gk1 म्हणाले...

George Floyd isn't the only one who has had a knee pressing down on his neck, just look at the economy and this pointless covid shutdown. Of course the joblessness will improve but will it snap back to what it was before? That's not a given. The democrats now own this recession as much as they pretend they don't.

Big Mike म्हणाले...

The economy will not skyrocket for small businesses in blue cities that will still be trying to repair the damage enough to reopen weeks and perhaps even months from now, at least the ones that aren’t forced to give up and stay closed because the damage is simply too great.

But I see that my favorite little Italian restaurant, which only has four outdoor tables open, still has brought back two waitresses while a third continues to take takeout orders. Looks like they’re going to make it. My gym is reopening, except we have to use their app to schedule a time slot, thanks to our moron governor Ralph Northam. And I see that the Winchester Medical Center is now scheduling elective surgeries, so laid off nurses will be back to work. All of these are good signs.

AllenS म्हणाले...

It is 10:35 am in west central WI (CST) and the DOW is --

27,283.65 +1,001.83 (3.81%)

The Cracker Emcee Refulgent म्हणाले...

"Unexpectedly??? Eh, anyone in business knows that there has been a serious uptick in the last 2 weeks."

This. What economically illiterate moron didn't expect this? The lockdown fascists have teed up a summer of good news for Trump.

hombre म्हणाले...

Oh oh. Democrats, do something!

gilbar म्हणाले...

The Dow Jones is up to over 27K

Igna, ARM, hardest hit; as dismay and despair overwhelm leftie Trolls

Craig म्हणाले...

And I guess you really have to say: Who knows? But I think it's going to be a tremendous day when we win....

Awesome.

The Democrats, on the other hand, are selling guilt, shame, fear, lockdowns and race quotas.

gilbar म्हणाले...

Remember the Olden days? Back last December? when people were saying that:
THE REAL PROBLEM was that there Just Weren't Enough Workers, for all the unfilled jobs?
That the Economy was CRIPPLED, and COULD NOT EXPAND; because THERE JUST WEREN'T ENOUGH WORKERS?

guess what? there's Plenty of Workers Now!

Todd म्हणाले...

Howard said...

Just a week ago...

6/5/20, 10:01 AM


Do you actually read ANY of the comments here? Or do you just make up whatever crap you want, on the fly so as to enable you to post some crap of your own? Really. Can you site even ONE example of one of the "non-leftist" posters posting what you claim? We will wait...

Original Mike म्हणाले...

"all the geniuses using the rapid collapse of the economy to blame Trump over the past couple of months will now have to credit him. Right?"

Are you kidding? This is the Obama economy.

Michael K म्हणाले...

Just a week ago you people were bleeting and screaming and crying and whining like a bunch of big fat ass lazy babies about how the economy is never going to recover this is the greatest tragedy

Howard, that was in your mind. You really do need help. I don't blame you for being distraught as the latest ploy by your team blows up like one of Coyote's masterpieces.

Beep Beep

stevew म्हणाले...

"Unexpectedly fell... Defying Expectations"

Our economic system has so many inputs, knobs, and dials that predictions about the future are most often proved wrong. Economists find new things and behaviors that affect the economy all the time. This is why Economics is a Soft Science, similar to Psychology and Sociology. Exactitude and objectivity are elusive.

Using those words, "unexpectedly" and "defying", is political propaganda.

Drago म्हणाले...

Howard: "Just a week ago you people were bleeting and screaming and crying and whining like a bunch of big fat ass lazy babies about how the economy is never going to recover...."

So, uh, that never happened.

So now what?

I recommend Howard return to his "tear gas in the park before Trump's walk to the church" and russia collusion and Trump feeds goldfish all wrong(!) lies.

These new lies are quite pathetic and nowhere near as fun debunking.

cubanbob म्हणाले...

Howard said...
Just a week ago you people were bleeting and screaming and crying and whining like a bunch of big fat ass lazy babies about how the economy is never going to recover this is the greatest tragedy in the history of the United States yada yada yada all because you don't want to wear masks. Now it turns out things aren't as bad as you people thought and now you're claiming credit for it nice move. Anything is possible when you worship the Antichrist"

What is the color of the sky on your planet? The only thing that turned out bad was the models used by the "experts" and the fascist policies of Leftist govenors and Mayors.

Big Mike म्हणाले...

The Dow Jones is up to over 27K. Here is why:

. . .

2. The market is broken, according to CNN.


@Francisco D, do I get points for opining that it was CNN that is broken?

jim म्हणाले...

The timing for reopening is good: people will spend money in the summer if they have it. And, by now, most everyone knows what to do (with one huge exception of course) so the Covid bounce should be manageable.

Drago म्हणाले...

Good news Howard and Inga!

Paul Krugman says this biggest jobs gains and biggest ever positive impact on the unemployment numbers report is actually all a lie because Trump got to the BLS!

So, you've got that going for you.

Which is nice.

Probably because Putin ordered Trump to lie about the jobs numbers in order for the Trump family to continue laundering russian oligarch money thru their connections in Ukraine all the while keeping Mar a Lago in ice cream and diet cokes and Trump hotels full. (Did I miss any of the hoax conspiracies? If so, let me know)

Yancey Ward म्हणाले...

My data is purely anecdotal:

I live in Oak Ridge, Tennessee. Most small private service businesses were closed from the end of March until the first week of May. Pretty much everything was reopened by mid May, and by my observations so far, nothing has closed permanently....yet. So, the report isn't all that surprising if I extrapolate my experience out to all the rest of the country that did reopen in early May, which was a good large segment of the country. In other words, the bottom was late April, not May.

Will it continue in the coming months? I don't know, but my fingers are crossed. The riots of last week and this week will be a damper, but only in the blue areas of the country. Those people continue to shit in their beds, so I don't expect them to change their behavior until Trump wins reëlection in November- perhaps when that happens, they stop cutting off their own noses.

Ken B म्हणाले...

Soon to be more jobs too: refreshing the graffiti from the riots, burning the libraries, concert halls, museums. It cannot be long before we have professional grovellers standing outside stores to keep them in good standing with the new authorities (antifa).

Unemployment might tick up when the cops are fired though.

bagoh20 म्हणाले...

Are you serious? Experts again? When are we going to open a National Department of Chicken Entrails, so we can get something close to reliable estimates. I think everybody here besides Inga and ARM would have predicted something closer to actual. I know my dog did.

I cannot understand why so many people still think that trusting centralized decision making is a good idea. They would use this kind of "experts" advice to decide our health care?

You got experts with worse records than flipping a coin, and they report to politicians who are obviously power addicted idiots, and they make decisions for us all? Isn't that clearly a really bad idea? We just let them do that about every aspect of our lives for the last 3 months. As soon as we got out from under them, you see who knows what they are doing.

We were never all in this together, but a lot of ungrateful parasites have and will benefit greatly from those who keep fighting, and working, and keeping the gears turning of the real America that is rarely seen on the TV, or talked about, or understood by "experts" and talking heads.

You know us. We're the racist, selfish, and dangerous deplorables working below deck bailing out this cruise ship full of vacationers.

Fritz म्हणाले...

GatorNavy said...
Always the the word unexpectedly from WP, AP, NYT. It is such an overused word, comparably to pounce, as in, “Republicans pounce”.


The word this week is sieze. Next week it will be pounce again.

Original Mike म्हणाले...

I treated Howard as a serious, though deluded, commenter until I got trolled. I responded to some big fat lie he told and got the response of, "What, you believed me?". Since then, I don't waste my time. Not sure why anybody else does either, but it's your time to waste.

stevew म्हणाले...

How long until the government leaders that are still slow rolling the re-opening realize that their tax revenues will increase and improve with a re-opened economy?

Achilles म्हणाले...

Howard said...
Just a week ago you people were bleeting and screaming and crying and whining like a bunch of big fat ass lazy babies about how the economy is never going to recover this is the greatest tragedy in the history of the United States yada yada yada all because you don't want to wear masks. Now it turns out things aren't as bad as you people thought and now you're claiming credit for it nice move. Anything is possible when you worship the Antichrist


It is stupid Howard today.

Everything is going wrong for democrats.

This is good for America.

bagoh20 म्हणाले...

The casinos and most remaining stuff opened up yesterday here in Nevada. The casino near my work had a 1/2 full parking lot at 7am. By 4pm it was completely full. We went to one of our favorite gaming bars for lunch. I won $150, and gave it all back replaying and a nice big tip. Spirits are very high right now in Vegas. All it took was to get that boot off our necks. We can handle it from here. Just get out of the way.

Francisco D म्हणाले...

Big Mike said... @Francisco D, do I get points for opining that it was CNN that is broken?

Yes, but that was obvious to anyone with a functioning brain.

Obviously, I have just excluded Inga, Howard, r/v and others who continue to believe that fairies and unicorns will depose Trump.

bagoh20 म्हणाले...

If the events of the last three years and especially 2020 do not seriously hurt the political fortunes of the Democrats and force them back to a reasonable center-left party with at least some principles, then nothing ever will, and it's all going to crumble. We have never seen so much lawlessness, debauchery, sedition, and total incompetence from one allied group of people since they ran the Confederacy. Trump - 2020, for that reason alone, although there are clearly others.

Drago म्हणाले...

This one is for Howard because he "misses" stuff like this:

Sean Langille@SeanLangille

#BREAKING: A Secret Service Spokesperson tells @FoxNews
: The Secret Service has determined that no agency personnel used tear gas or capsicum spray during its efforts to secure the area near Lafayette Park on Monday, June 1st, 2020


4:30 PM · Jun 4, 2020·TweetDeck

Ouch! That's a tough blow to Howard who made a very big deal about this supposedly horrific Trump-dicatator attack on totally innocent "protesters" who were simply attempting to deliver new beds and blankets and food to orphans and widows.

Yancey Ward म्हणाले...

The Left is now claiming that 4+ million of the employed counted were actually laid off. I have been digging into this claim the last hour or so since I first saw it on Zerohedge, and here is my interpretation that no on that site has contradicted with any evidence:

The BLS management had wanted the survey takers (these are people who do the actual statistical sampling surveys to determine the overall employed/unemployed/looking for work/not looking for work data sets) to count as unemployed all people being paid by their employer, but not actually doing any work on site or at home. Now, if you will remember, the CARES act was deliberately designed to help employers continue to pay workers they did need working during the COVID shutdowns. In short, the CARES act created a large class of workers- at least 4+ million of them if you believe Paul Krugman's deranged rants this morning- who were on 6 week+ paid vacations directly paid by their original employers. You can quibble all you like, but those 4 million people are still technically employed by their companies just like you are when you go to Yosemite on a vacation from work.

My interpretation is pretty fucking simple- the BLS management was trying to get the sample takers to count as unemployed everyone on these extended paid vacations, but the field workers of the BLS were still using the normal methodology for counting paid vacationers as employed.

Next month, this won't be such an issue since even more of the country will be reopened, and there will be far fewer of these paid vacationers.

Yancey Ward म्हणाले...
ही टिप्पणी लेखकाना हलविली आहे.
Yancey Ward म्हणाले...

Howard is pretty funny when his mood is good. However, in the last week the bitterness he is feeling is starting to destroy what made his comments worth reading. I have started to skip over them.

Yancey Ward म्हणाले...

It might take 6+ months to find the real damage of the shutdowns. Like I wrote above about Oak Ridge- most closed businesses reopened here- I can't find a single one anywhere I frequent in town that closed permanently- at least not yet. That tenaciousness of entrepreneurs might be the saving grace here- they don't give up easily, even if you burn their business to the ground protesting something.

There is going to be a distinct divergence in the country, though- red areas were reopened a month ago, blue areas are still largely shut down. This even applies to the states run by Democrat governors- the red areas of those states have started to ignore the edicts handed down from the bunkered governors. The difference in economic vitality will not be good optics for the Democrats in November. The Democrat governors will probably start to see the light this month and realize their own political fortunes are more important than getting rid of that bad orange guy. Even Cuomo understands that looting out NYC was a mistake.

Dr Weevil म्हणाले...

It's time I put on record something I've been thinking for a couple of weeks now: the shape of the recession-plus-recovery is not going to be the letter V, it's going to be a checkmark: ✔. (Hope the HTML comes out right.) The upward-sloping right side is going to be just as steep as the downward left (so far, that's a V) but twice as long (that's what makes it a checkmark).

Of course, this was not an actual recession caused by economic factors, but a totally artificial, intentional, temporary suspension of the economy for medical reasons. It's like one of those medically-induced comas doctors sometimes use to treat the seriously ill: I'm guessing the recovery from a medically-induced coma is generally a lot quicker and more certain than it would be if the coma were caused by disease or a blow to the head. Can an M.D. confirm or deny?

If Biden or any other democrat manages to defeat Trump in November, then the shape of the economic curve will immediately turn into a different symbol, the mathematical right ceiling: ⌉. (Again, I hope that comes out right.)

Carter Wood म्हणाले...

Relatively good news north of the border, too: Canada gains surprise 289,600 jobs in May, jobless rate hits record

https://www.reuters.com/article/us-canada-economy-employment/canada-gains-289600-jobs-in-may-unemployment-edges-up-to-13-7-percent-idUSKBN23C1QH

I bet the June figures will be surprisingly good, too, because of increased employment by glaziers and plywood manufacturers.

Big Mike म्हणाले...

@Francisco D, agreed.

Stephen म्हणाले...

The know-nothing idiot-in-chief makes more accurate predictions than credentialed epidemiologists, climatologists, and economists. If he loses his day job in November, I'll pay for a subscription to his newsletter.

Amadeus 48 म्हणाले...

The coronavirus is killing off our experts!

Common sense has administered a series of stunning, vicious blows to experts and expertise as almost every single prediction and recommendation of the experts has proven to be wrong, false, or unverified by subsequent experience. Although the experts have continued to fight on, their own gaseous prognostications have blown back on their own lines of defense.

Today's news blew up in the faces of those predicting a long, slow return to employment. Paul Krugman, whose pontifications in NYT have lond demonstrated a remarkable disconnection from the real world, was seen being carried off the field of battle today, crying that the job numbers were fake news.

mandrewa म्हणाले...

I will be surprised if we get through this without serious economic damage. The good news, as I understand it, is that unemployment has stabilized at about 14% and didn't jump to 20% as some people, I take it Paul Krugman was one of them, were predicting.

Well that is good news. But seriously in my book 14% is pretty bad -- even if it is much better than it could have been. And I assume that the only reason that 14% is possible is that a lot of people are essentially on paid leave.

Howard म्हणाले...

Drago, yeah the secret service watching over the secret service that's a reliable independent source. In other news, Lt Calley has confirmed and determined that the US army did not participate in the My Lai massacre.

Howard म्हणाले...

It's great for America Achilles. I'm glad the unemployment rate is relatively low and job prospects are improving. It just shows that you people were having a giant hissy fit over nothing because wearing masks is too much effort for your obesity constituency.

Kevin म्हणाले...

Headline on the front page of The Washington Post. The article is "Unemployment rate drops to 13 percent, as the economy picked up jobs as states reopened/There are hopes that April’s unemployment rate of 14.7 percent will reflect a bottoming out of the economy. With some 30 million workers collecting unemployment benefits, the labor market has been upended."

The NYT article is "Unemployment in U.S. Unexpectedly Fell in May/Hiring rebounded in May, defying expectations, with 2.5 million jobs added, the Labor Department said"


Somehow I missed the "Fantastic!" in all of this.

bagoh20 म्हणाले...

Paul Krugman - For a long time i just wish he'd shut up, but not anymore. He is a national treasure. Bless his heart.

Leora म्हणाले...

Apartment complexes, HOA's and condominiums are all hiring additional security guards and cleaning people to meet CDC guidelines for their amenities and common areas. Delivery services are hiring. People are buying houses outside the cities. People are doing home improvements they've put off.

Rick म्हणाले...

Yancey Ward said...
This even applies to the states run by Democrat governors- the red areas of those states have started to ignore the edicts handed down from the bunkered governors. The difference in economic vitality will not be good optics for the Democrats in November.


Those Dem officials will blame it on "institutional" racism, the Pavlovians are incapable of holding anyone accountable.

Tomcc म्हणाले...

This is pretty good news, I think. I'm not any kind of market prognosticator, but I'm taking some profit today. I expect some states will be teetering on the edge of bankruptcy in the not-to-distant future. That, along with the already existing public pension crisis is the next existential threat to our economy.
(And, I'll throw in the trillions in additional debt we've accrued in the last few months.)

Calypso Facto म्हणाले...

bagoh20 said..."Paul Krugman - For a long time i just wish he'd shut up, but not anymore. He is a national treasure. Bless his heart."

One of my favorite comedians since the NYT started publishing his tongue-in-cheek schtick.

It IS tongue-in-cheek ... right?

Night Owl म्हणाले...

And the Progressive Majors and Governors (I live in NJ, he just put another 30 days in quarantine, even thought their are rioters running wild...) will ramp up their calls to defund the police, release more criminals from prisons, and arrest innocent people trying to open up their businesses...all the while there were thousands at the funeral of George Lloyd, while we can't bury our parents.

Leftists apparently believe law-abiding citizen have less rights than rioters and looters. The former get arrested when they attempt to go about their business while the latter are encouraged to continue breaking the law. It's disturbing and infuriating.

Jim at म्हणाले...

The know-nothing idiot-in-chief makes more accurate predictions than credentialed epidemiologists, climatologists, and economists.

If Trump is the know-nothing idiot - and he's more accurate than those so-called experts - what does that tell you?

Drago म्हणाले...

Howard: "It's great for America Achilles. I'm glad the unemployment rate is relatively low and job prospects are improving."

LOLOLOLOLOLOLOLOLOL

Really. Good one.

Drago म्हणाले...

Howard: "Drago, yeah the secret service watching over the secret service that's a reliable independent source."

LOLOLOLOLOLOLOLOLOLOL

Park Service Confirmed.

DC Police confirmed.

Everyone confirmed.

All the media lefties you love have already abandoned the tear gas lie and have moved on to the brand spanking new lie of "chemical warfare" agents being used (also a lie but one they think they can push).

So, to summarize, every law enforcement agency at every level confirms no tear gas. The media have already abandoned the lie and moved on to a new lie.

But Howard the rocket scientist STILL believes!

Howard will be the Inga-russia collusion hoaxer of the Lafayette Park-tear gas hoax going forward.

Congratulations Howard. You're just the man to do it.

Drago म्हणाले...

Howard: "In other news, Lt Calley has confirmed and determined that the US army did not participate in the My Lai massacre."

17 intelligence agencies have determined the russians interfered in the US election to benefit Trump.....

.....except we now have the documentary proof that was a lie.

But Howard doesn't accept that. Howard and Inga exist as if it will forever be January 2017.

hstad म्हणाले...

OMG you Trump haters are so shallow! You did not have to be an 'Einstein' to see this coming - every economist who's not politically vested in the Democratic narrative saw this coming. The examples are hundreds out there - just look at Florida's economy every time a major hurricane hits. The Covid mess was not a structural problem in the economy.

Drago म्हणाले...

Not to worry lefties.

The Washington Post's fake headline tweeted around the world claiming the US had reached the "grim milestone" of near 20% unemployment was successfully retweeted by thousands before it could be withdrawn with a story that actually reflects reality.

So, right about now, 99% of the democrat base of Howard's and Inga's are running full speed ahead with the stories of how the economy has gone over the cliff and the truth will never catch up.

But remember, the Washington Post claims to have tweeted out this Fake News "by accident", because of course they did (wink wink)

DeepRunner म्हणाले...

The Washington Post had to undo it's hoped-for echo-chamber TDS headline.

Ha. Ha-Ha. Ha-Ha.